Report Overview

According to the deep-dive market assessment study by Growth Plus Reports, the global orthopedic trauma fixation devices market was valued at US$ 8.5 billion in 2021 and is expected to register a revenue CAGR of 4.4% to reach US$ 12.52 billion by 2030. 

Orthopedic Trauma Fixation Devices Market Fundamentals

Orthopedic trauma fixation devices are utilized to manage fractures, soft tissue injuries, and reconstructive surgery. Orthopedic trauma fixation devices for internal, external, or intramedullary fixation may be used to support the fractured bone during the healing process and keep the bone fragments aligned. Orthopedic trauma fixation devices must be strong and safe enough to provide quick mobilization of the wounded area and the patient. Compression is employed to reduce stress on the orthopedic trauma fixation implant and maximize the contact area and stability between fragments. Screws are used to compress the spaces between the fragments or attach plates, and the spaces between the fragments, stop displacement and support the fragments during healing. Pins and wires can be used for traction, attachment of external fixation devices, and fixing small pieces or fractures in small bones. Internal and external fixators are the two main types of trauma-fixing devices. Internal fixation is used to medically support the healing of a bone using bioabsorbable or synthetic materials. In contrast, external fixing is frequently employed in fractures that would not be properly aligned if casts were used.

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Orthopedic Trauma Fixation Devices Market Dynamics

The rising prevalence of orthopedic diseases, such as degenerative bone diseases, osteonecrosis, and bone cancer, are some of the major driving factors of the orthopedic trauma fixation devices market revenue growth. The rise in traumatic road and workplace accidents is increasing the demand for orthopedic trauma fixation devices. The adoption of advanced technologies to improve the quality and comfort of orthopedic trauma devices and minimally invasive surgical procedures is boosting the revenue growth of the orthopedic trauma fixation devices market. Additionally, the rising geriatric population, which is more susceptible to osteoarthritis and osteoporosis, and the increasing sports injuries are also expected to propel the revenue growth of the global orthopedic trauma fixation devices market.

However, the high cost of orthopedic fixation devices and surgeries and a lack of skilled healthcare professionals are the major restricting factors to the orthopedic trauma fixation devices market revenue growth. Furthermore, the complications associated with post-surgery recovery and rejection of metal implants in some patients are other factors limiting the growth of the orthopedic trauma fixation devices market.

Orthopedic Trauma Fixation Devices Market Ecosystem

The global orthopedic trauma fixation devices market has been analyzed from five perspectives: product, site, material, end-user, and region.

Orthopedic Trauma Fixation Devices Market by Product

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Based on the product, the global orthopedic trauma fixation devices market is segmented into internal fixators and external fixators.

The internal fixators segment dominated the market in 2021 owing to the improved surgical and healing procedure outcomes using this product. The internal fixation minimizes nonunion and malunion of broken bones, allowing for shorter hospital stays and enabling patients to resume normal activities sooner. Stainless steel and titanium are robust and long-lasting materials commonly used in internal fixation implants. Usage of these implants rarely results in rejection and are compatible with the body. Additionally, the demand for internal fixators is increasing due to technologically sophisticated products, such as bioresorbable implants and nano-coated devices. 

Orthopedic Trauma Fixation Devices Market by Site

Orthopedic trauma fixation devices are intended for usage in lower and upper extremities fixation procedures.

The lower extremities segment is expected to have a significant revenue share in the next few years. The lower extremities orthopedic trauma fixation devices segment is sub-segmented into knee, foot & ankle, hip and pelvic, lower leg, and thigh. The rising geriatric population, which is more prone to osteoarthritis, and the consistently growing incidence of lower extremity injuries are boosting the revenue growth of this segment. According to the Global Burden of Disease Study, in 2019, more than 500 million individuals were affected by osteoarthritis worldwide, accumulating around 7% of the world’s population. Moreover, the rising obese population is also expected to boost revenue growth in the segment.

Orthopedic Trauma Fixation Devices Market by Material 

Based on the material, the global orthopedic trauma fixation devices market is segmented into titanium, stainless steel, and others.

The stainless-steel segment led the orthopedic trauma fixation devices market revenue share in 2021, owing to a higher preference for this material due to its strength, durability, and cost-effectiveness compared to other materials. Stainless steel fixation devices provide corrosion-resistant properties even when in direct contact with biological fluids; therefore, they are being preferred by surgeons for orthopedic fixation procedures.

Orthopedic Trauma Fixation Devices Market by End-user

Based on the end-user, the global orthopedic trauma fixation devices market is segmented into hospitals, ambulatory surgical centers, and orthopedic centers.

The hospitals segment dominated the orthopedic trauma fixation devices market in 2021. The increase in outpatient hospital visits, which is attributable to post-operative care and the availability of skilled experts, is one of the major contributing factors to the segment’s revenue growth. A rise in the hospitalization rate for orthopedic disorders and the diversity of services offered by hospitals at one site are also probable factors of revenue growth in the hospitals segment. Moreover, the reimbursement policies in the hospitals are better than other end-users. 

Orthopedic Trauma Fixation Devices Market by Region

Geographically, the global orthopedic trauma fixation devices market has been segmented into North America, Europe, Asia Pacific, and the rest of the world.

North America dominated the global orthopedic trauma fixation devices market in 2021, followed by Europe and Asia Pacific. In North America, demand for orthopedic trauma fixation devices is rising as more people undergo joint replacement procedures, including hip and knee replacements. In addition, the demand for orthopedic fixation devices among those over 65 is being fueled by a rise in fractures associated with osteoporosis and musculoskeletal disorders. According to Direct Orthopedic Care, in the U.S., 51.8 million Americans aged 65 and over, or 50% of American adults, have arthritis, making it the most common disability-causing condition. Additionally, as a result of a rise in traffic accidents, the target patient population is continually expanding, driving the overall volume of orthopedic surgery, thus boosting the North America orthopedic trauma fixation devices market revenue growth.

Orthopedic Trauma Fixation Devices Market Competitive Landscape

The prominent players operating in the orthopedic trauma fixation devices market are: 

• Stryker Corporation
• Zimmer Biomet
• Smith & Nephew plc
• B. Braun Melsungen AG
• DePuy Synthes (Johnson & Johnson)
• CONMED Corporation
• Acumed LLC
• Orthofix Holdings, Inc.
• Integra LifeSciences Holdings Corporation
• Arthrex Inc.
• Cardinal Health Inc.
• Wright Medical Group N.V.
• OSTEOMED
• Auxein Medical
• Medtronic Plc
• NuVasive, Inc.
• 3M Company
• ALCARE Co., Ltd.
• Bauerfeind USA Inc.

Orthopedic Trauma Fixation Devices Market Strategic Developments

• In November 2022, CurvaFix, Inc. received the U.S. Food and Drug Administration (FDA) 510(k) clearance for its smaller-diameter CurvaFix IM Implant indicated for fixation of fractures of the pelvis. The new 7.5mm device simplifies surgery and provides strong, stable, curved fixation in smaller patients.
• In November 2022, Tyber Medical LLC received 510(k) clearance from the U.S. FDA for its NiTy+ One-Shot Staple Fixation System, which is the industry's first instrument of its kind with a specially crafted, single-pass insertion instrument. The NiTy+ One-Shot was created to provide surgical efficiency and is particularly useful for fracture, osteotomy fixation, and joint arthrodesis.
• In April 2022, Medline Industries, LP launched the Unite Foot & Ankle Calcaneal Fracture Plating System and IM Fibula Implant solutions in the U.S. With the help of these systems, the surgeons were expected to have access to a complete titanium foot and ankle trauma system for treating nearly all fractures requiring open reduction and internal fixation (ORIF) with plate and screw fixation.

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