Trauma Implants Market Forecasted to Cross USD 16.7 Billion by 2031 with CAGR of 6.9%: Reveals TMR Study

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Implant manufacturers are anticipated to tap into significant opportunities due to rapid adoption of orthopedic biodegradable implants, especially screws, among the patient population. North America is projected to witness lucrative opportunities due to presence of a large geriatric population and rapid advancements in patient‐specific orthopedic implants.

Wilmington, Delaware, United States, June 14, 2023 (GLOBE NEWSWIRE) — The global trauma implants market was valued at USD 8.1 Bn in 2020 and is projected to record a CAGR of 6.9% from 2021 to 2031.

Steadily expanding availability of implants for trauma care is propelling the market. Surge in usage of patient-specific trauma implants in orthopedic surgeries is accelerating the market growth. Continuous R&D activities in implant materials and the techniques used are likely to benefit patients. Example is the usage of polyetheretherketone (PEEK) implants in orthopedic trauma internal fixation devices.

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Need to lower infection risks in trauma surgery, particularly biomaterial- or implant-associated infections, is strengthening research in bone implant interface. Development of new anti-infective strategies to reduce risks of inflammation at the interface is on the rise. For example, healthcare providers are adopting osteointegration and infection prevention strategies in orthopedic implants. Implant manufacturers and healthcare companies are also focusing on reducing fracture-related infections in open fractures. Significant need for multifunctional bioactive coatings for metal implants presents large business opportunities to manufacturers in the trauma implants industry.

Considerable advancements in patient‐specific implants for spinal surgery is broadening the market outlook. Introduction of improved pedicle screws, rods, and interbody devices, for spinal surgeries due to trauma is expected to bolster the market prospects. Researchers are focusing on enhancing the long-term biocompatibility of screws, which is likely to benefit patients in the near future.

Key Findings of Study

  • Significant Demand for Trauma Implants in Patients with Degenerative Joint Diseases: Surge in adoption of implants for surgeries due to degenerative joint disease is projected to offer significant business opportunities to companies in the trauma implants market. Considerable advancements in spinal implants and dynamic cervical implants is propelling the market. Development of patient‐specific orthopedic implants is likely to reduce surgery time and lead to devices with better biomechanical fit, thereby improving the overall patient outcomes. Need for novel biodegradable bone implants is encouraging innovations in the trauma implants market.
  • Rapid Increase in Usage of Implants for Head Trauma-Related Injuries: Significantly growing demand for implants for head injuries is likely to create rapid growth opportunities for implant manufacturers. Steady increase in number of traumatic injuries in adventure and extreme sports and accidents is anticipated to drive the demand for trauma implants. For instance, high prevalence of head and neck injuries in extreme sports is propelling the need for implants in orthopedic surgery. Rise in R&D in sports traumatology is positively influencing the market dynamics.

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Key Drivers

  • Rise in prevalence of osteoporosis in women around the globe is a key factor driving the global trauma implants market. Increase in availability of advanced diagnostic methods for the condition is positively influencing the market dynamics.
  • Rapid increase in the elderly population is anticipated to boost demand for trauma implants as elderly patients are more prone to traumatic falls and injuries due to loss of bone density

Regional Growth Dynamics

North America accounted for a major market share in 2020. The region is projected to continue to account for the dominant share during the forecast period. Surge in incidence of osteoarthritis, presence of a large elderly population, and rapid adoption of novel implants are expected to fuel the market growth in the region. For instance, elderly population of 40 years and above has high prevalence of knee osteoarthritis (OA).

The market in Asia Pacific is anticipated to record significant growth in the next few years. Steadily increasing number of road accidents in Asia over the past few years has bolstered the demand for trauma implants. Rapid pace of commercialization of advanced products in recent years is likely to augment trauma implants market development.

Competition Landscape

Prominent companies in the trauma implants market are

  • Globus Medical
  • Medtronic
  • DePuy Synthes
  • Stryker Corporation
  • Zimmer Biomet
  • Conformis
  • Smith + Nephew
  • Orthoflix Medical, Inc.
  • B. Barun
  • Acumed LLC

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Trauma Implants Market Segmentation

Type

  • Plates
  • Screws
  • Interlocking Nails        
  • Pins/Wires
  • Others

End-user

  • Hospitals
  • Orthopedic Clinics
  • Ambulatory Surgical Centers
  • Others

Region

  • North America
  • Europe
  • Middle East & Africa
  • Latin America
  • Asia Pacific

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

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