The company’s latest report* states that in 2012, the US, Japan and China dominated the trauma fixation market with shares of 58%, 11% and 10%, respectively, which should remain stable throughout the forecast period.
Within this global market, the most dominant company in trauma fixation continues to be DePuy Synthes, followed by Stryker, Smith & Nephew, Zimmer and Biomet collectively accounting for up to 80% of the market. The remaining players continue to be the fragmented small cap firms vying for additional market share.
According to GlobalData, this market growth can be attributed to the sharp turn taken by the trauma fixation market in the early 2000s, when it quickly adopted the locking screw technology, polyaxial screwing and intramedullary nail improvements.
Priya Radhakrishnan, GlobalData’s Senior Analyst covering Medical Devices, says: “With the newer technology, we continue to see strong adoption and growth of products such as biodegradable screws and plates, computer targeted systems for nail fixation, as well as orthobiologic products, which stimulate bone growth and fill bone voids to achieve lower complication rates within trauma.”
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Other trends that will drive the trauma fixation market include custom implants, materials development for biocompatibility and minimally invasive techniques. Furthermore, trauma fixation is an area that is surgically less costly, which will continue to foster adoption.
“The outlook appears strong in the emerging markets, where Brazil, China and India in particular are seeing high volumes of procedures in plating and nailing across long bones. Other niche areas of development include hand fixation, digits fixation and the small joints,” concludes the analyst.
This report focuses on the trauma fixation market, which includes internal and external fixation devices. The orthopedic trauma market has been estimated in this report, which covers the US, France, Germany, Italy, Spain, the UK, Japan, Brazil, China and India. This report was built using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis conducted by GlobalData’s team of industry experts.
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