2011-03-22 08:42:03 - Trauma Fixation Devices - Global Pipeline Analysis, Competitive Landscape and Market Forecasts to 2017 - a new market research report on companiesandmarkets.com

Trauma Fixation Devices - Global Pipeline Analysis, Competitive Landscape and Market Forecasts to 2017 - The global trauma fixation devices market is expected to grow at a CAGR of 6% from 2010 to reach $6.7 billion in 2017. The market for trauma fixation devices is expected to grow due the aging population, especially in the US, Europe, Japan and in emerging countries such as China, since fractures are more common in the elderly. According to the National Health Statistics Report published in 2010 by CDC (Center for Disease Control, US), of the 1 million fracture hospital discharges surveyed in the US in 2007, more than half (531,000) were in-patients aged 65 and above.

Hip fracture is the most common type

 

 

of fracture among the elderly and is one of the major factors for the loss in Disability Adjusted Life Years (DALY) for people aged over 50 worldwide. The higher incidence of osteoporosis among the elderly will further drive the growth of this market. Since the growth rate of the elderly population is faster than the overall population, the market for trauma fixation devices will continue to grow.

Further growth in the market will be caused by the shift towards operative from non-operative procedures for fractures, increase in road accidents worldwide and the growth of the construction industry – where the likelihood for trauma accidents are high – as the global economy recovers.

US to Remain the Key Market for Trauma Fixation Devices

The US trauma fixation devices market is forecast to reach $3.2 billion in 2017 with a CAGR of 6% during the forecast period 2010–2017. The internal fixation segment will continue to lead the market with a CAGR of 6% during the forecast period 2010–2017 and is expected to reach $2.9 billion in 2017.

The US trauma fixation devices market was valued at $2.2 billion in 2010 and contributed 48% towards the global market in 2010. The market has grown with a CAGR of 6% over the period of 2003–2010. The internal fixation segment was valued at $1.97 billion in 2010, while the external fixation segment was valued at $237.6m. The internal fixation segment grew faster (CAGR of 6% for 2003–2010) than the external fixation segment (CAGR of 3% for 2003–2010). The market grew due to increased adoption of the lock plating system over conventional plates and use of IM nails for hip fractures, both of which had higher pricing.

The future growth will be primarily driven by rising fractures in the aging population. According to the Administration of Aging, people in the US aged 65 years and above represented 12.4% of the population in the year 2000 and are expected to represent 19% of the population by 2030. This significant growth in the key demographic will cause the trauma fixation devices market to continue its growth.

Report overview

The new report Trauma Fixation Devices - Global Pipeline Analysis, Competitive Landscape and Market Forecasts to 2017 provides key data, information and analysis on the global trauma fixation devices market. The report provides market landscape, competitive landscape and market trends information on the trauma fixation devices market. The report provides comprehensive information on the key trends affecting the market, and key analytical content on the market dynamics. The report also reviews the competitive landscape and technology offerings.

This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by a team of industry experts

Report scope

- Key geographies covered include the US, Canada, the UK, Germany, France, Italy, Spain, Japan, China, India, Australia, and Brazil.
- Key segments covered include internal fixation devices and external fixation devices.
- Annualized market revenues data from 2003 to 2010, forecast forward for 7 years to 2017. Company shares data for 2009.
- Qualitative analysis of key market trends, market drivers, and restraints by each category within trauma fixation devices market.
- The report also covers information on the leading market players, the competitive landscape, and the leading pipeline products and technologies.
- Key players covered include Synthes Inc, Stryker Corporation, DePuy Inc, Smith & Nephew Plc, and Zimmer Holding Inc.

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