Trauma Products Market to Witness Robust Expansion Throughout the Forecast Period
Stratview Research delivers key insights on the global Trauma Products Market. According to Stratview Research, the market is segmented By Product (Internal Fixator, External Fixator), Surgical Site (Upper Extremities, Lower Extremities), End User (Hospitals & Trauma Centers, Ambulatory Surgery Center), and Region.
The report also covers the Covid impact on the market. Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and an uptrend is witnessed from 2021.
Market Insights
The report suggests that the overall Trauma Products Market is projected to grow from USD 5.57 billion in 2021 to USD 9.67 billion by 2028 at a CAGR of around 8.15% during the forecast period of 2022-2028.
Market Segments' Analysis
By end-user, the trauma products market has been bifurcated into hospitals & trauma centers, and ambulatory surgery centers. The hospitals & trauma centers segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period. The segment growth can be attributed to the established presence of healthcare infrastructure and skilled healthcare staff.
By region, the North American market accounted for the largest market share in 2020 and is projected to grow at a robust CAGR during the review period. This can be attributed to increasing investment in the development of advanced trauma products coupled with expanding geriatric populace and the presence of key market players such as DePuy Synthes (US) and Zimmer Biomet (US). The market growth in Asia-Pacific is expected to be driven by increasing incidences of accidental injuries.
Key Players
The following are some of the key players in the Trauma Products Market:
· Medtronic plc (Ireland)
· Cardinal Health, Inc. (US)
· Stryker Corporation (US)
· Smith & Nephew plc (UK)
· DePuy Synthes (US)
· Zimmer Biomet (US)
· Integra LifeSciences (US)
· Conmed (US)
· B. Braun (Germany)
· Arthrex (US)
· Wright Medical Group N.V. (Netherlands)
· Acumed, LLC (US)
· Orthofix Holdings, Inc. (US)
· Citieffe Srl (Italy)
· Double Medical Technology (China)
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