The [FURL=https://www.industryarc.com/Research/Internal-Trauma-Fixation-Devices-Market-Research-506933?utm_source=Briefingwire&utm_medium=Pressrelease&utm_campaign=Paidpressrelease]Internal Trauma Fixation Devices Market[/FURL] size was estimated at $4,608 million in 2020, projected to grow at a CAGR of 7.2% during the forecast period 2021-2026. Trauma fixation devices help to speed up the healing process by limiting the movement of broken bones, allowing quicker healing and avoiding improper bone recovery. The demand for trauma fixation devices is expected to grow due to an increase in the number of road accidents, especially in developing countries. In terms of technology and user friendliness, trauma fixation systems have undergone groundbreaking improvements. As a result of technological advances, demand for these devices is growing.Key Takeaways
Geographically, The North America region held 37.4% of the total market share in 2020 owing to the rising geriatric population, favorable reimbursement policies and increasing health concerns.
Increasing prevalence of degenerative bone diseases such as Osteoporosis, Osteoarthritis and Paget’s disease are the major driving force for the Internal Trauma Fixation Devices Market during the forecast period 2021-2026.
Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the Internal Trauma Fixation Devices Market will be provided in the research report.
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Internal Trauma Fixation Devices Market Segment Analysis - By Geography
Based on geography, North America dominated the Internal Trauma Fixation Devices Market with a region share of 37.4% in 2020 followed by Europe and APAC. Increased geriatric population that are more prone to orthopedic surgery and increasing health concerns are the major factor propelling the growth in this region. Moreover, the presence of large number of internal trauma fixation device manufacturing company that invest heavily on the research along with the easy availability of technologically advanced devices is predicted to drive the market growth in this region.
Internal Trauma Fixation Devices Market Drivers
Increasing incidence of Accidents
Key companies of this market are Stryker, DePuy Synthes, Zimmer Biomet, Smith & Nephew plc, Wright Medical Group, Medartis Holding AG, B. Braun Melsungen AG, and Globus Medical, Inc.
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