The Trauma Products Market size was valued at USD 8,149 million in 2021 and is estimated to reach USD 13,267 million by 2029, growing at a CAGR of 6.5% during the forecast period (2023-2030). Trauma products are medical devices and implants used in the treatment of traumatic injuries such as fractures, dislocations, and soft tissue injuries.
Trauma refers to physical injuries such as fractures, burns, sprains, dislocations, and strains that happened unexpectedly and need emergency medical treatment. The availability of trauma goods, such as internal fixators, external fixators, sports medical devices, cages, angled blades, power tools, arc bars, and other trauma items, dominates the market.
The study on the Trauma Products Market examines the global market size, shares, recent trends, competitive intelligence, and future prediction. The market is being driven by an increase in the number of trauma cases, innovations in trauma treatment procedures, and an ageing population.
Market Analysis
DataM Intelligence’s report on the Trauma Products Market provides insightful analysis of the latest trends and developments in the market. It outlines the current market dynamics and provides detailed insights into the market growth, revenue opportunities, and key players. Our report provides an accurate assessment of the market size and opportunities and explores the potential impact of the latest trends and developments.
Exploring Market Drivers and Restraints
The Rising Incidence of Traumatic Injuries and Various New Technological Advancements are Expected to Drive Market Growth
The market is being driven by an increase in the number of persons suffering from traumatic injuries globally. According to the World Health Organization (WHO), roughly 5 million people die each year as a result of traumatic injuries such as traffic accidents, drowning, poisoning, falls or burns, and violence from attack, self-inflicted violence, or acts of war. Every year, roughly 30% of individuals aged 65 and above die, and approximately 40% of persons aged 75 and up die. Approximately 40-60% of falls result in injuries, 10% in severe injuries, and 5% in fractures.
The Scarcity of Skilled Professionals and the High Cost of Procedures is Expected to Hamper the Market Growth
The rising expense of these treatments, a shortage of qualified experts, and a lack of knowledge about these trauma products are some of the significant factors that may limit market development over the projection period.
Competitive Landscape
The trauma products market is highly competitive with the presence of several international and local markets. Product diversification, revenue generation, and opportunities intensify the market competition.
The key players contributing to the market growth include:
- Medtronic Plc
- Cardinal Health Inc.
- Stryker Corporation
- Smith & Nephew
- Depuy Synthes
The major companies adopt several growth strategies such as acquisitions, product launches and collaborations, contributing to trauma products market growth.
Key Development
- In May 2022, Medtronic plc, the leader in healthcare technology announced its acquisition of Intersect ENT. They will expand the company’s ear, nose, and throat portfolio with various innovative products.
