The global trauma products market is forecast to grow at a compound annual growth rate (CAGR) of more than 9% during the forecast period from 2022-2030.
Physical injuries caused by any external force, such as fractures, burns, sprains, dislocations, and strains, are often referred to as trauma. Centers for Disease Control and Prevention defines trauma as an illness or injury caused by external or internal force or violence. Different procedures are available for treating trauma, and their use depends on how severe the condition is. Among the trauma products available are internally fixed instruments, externally fixed instruments, and other trauma products. It also includes sports medicine devices, cages, angled blades, power tools, and arc bars.
Factors Affecting
Impact Analysis of COVID-19
During the Covid-19 pandemic, trauma products were unavailable worldwide. A nationwide lockdown imposed by the government in various countries led to the suspension of the entire production of such products. Furthermore, distribution channels were closed to prevent virus transmission. Because healthcare professionals and medical facilities gave preference to the Covid-19 virus-affected patients, all elective and non-essential surgeries were postponed, which resulted in a decline in demand for trauma products. In the post-Covid-19 period, the market will get back on its feet as all the delayed operations start.
Regional Analysis
North America held dominance in the trauma product market. The reasons for this include advancements in healthcare infrastructure and a growing awareness of trauma. In addition, a majority of all trauma product manufacturers reside in this region. As a consequence, such products are relatively affordable, so they are in high demand.
Leading Competitors
The leading prominent competitors in the global trauma product market are:
Scope of the Report
The global trauma product market segmentation includes Type, Surgical-Site, End-User, Region.
Segmentation based on Type
Segmentation based on Surgical-Site
Segmentation based on End-User
Segmentation based on Region