Orthopedic Trauma Devices Market

• Rising prevalence of osteoporosis to propel market growth

Due to the increased frequency of osteoporosis and other degenerative bone diseases, the orthopedic trauma devices market is experiencing a growth in market revenue. Osteoporosis-related fractures account for more than 8.9 million annual fractures, according to the International Osteoporosis Foundation (2021). Approximately one in five men and one in three women over 50 are at risk for fractures because of weak bones, according to the article's further information. Less dense, brittle, and vulnerable to fracture, osteoporotic bones change over time.

Thus, the increasing amount of bone fractures in the musculoskeletal system due to degenerative bone illnesses like osteoporosis would boost the demand for orthopedic trauma devices to treat bone-related abnormalities. This is fueling the market for orthopedic trauma devices to increase. Thus, this factor is driving the market CAGR for orthopedic trauma devices.

Furthermore, the rise in traffic injury occurrences is another important element driving the market for orthopedic trauma devices. The World Health Organization brief (2021) on road traffic injuries states that road traffic accidents are the biggest cause of death for children and young adults between the ages of 5 and 29. According to the same factsheet, between 20 and 50 million persons worldwide experience non-fatal injuries in car accidents that leave them disabled. Depending on where the trauma occurs, such injuries may cause significant damage to the limbs.

As a result, it is anticipated that the rise in traffic-related injuries and accidents will help fuel a rise in demand for orthopedic trauma devices, ultimately propelling the market during the forecast period.

However, the market for orthopedic trauma devices is driven by the rise in outpatient operations and the launch of innovative product ideas. The market is driven by the quick development of spine, hip, and knee replacement devices in design and functionality, including smart implants with built-in sensors for real-time data processing and metal-on-metal and metal-on-ceramic implants. The industry's growth is also supported by advancements in tissue engineering and gene editing technologies. As it promotes quick recovery without the risk of metal corrosion, the absorbable polymer is the subject of intensive research by industry participants.

To enable endoscopic minimally invasive spine surgery for service members and veterans, Joimax and Red One Medical teamed together in August 2019. The future of orthopedic trauma devices lies in advances in robotics, machine-navigated medicine, smart implants, nanotechnology, 3D printing, genetics, and tissue engineering. Thus, it is anticipated that this aspect will accelerate orthopedic trauma devices market revenue globally.

The Global Orthopedic Trauma Devices Market Industry is projected to experience robust growth in the coming years. With an estimated market value of 6.73 USD Billion in 2024, the industry is anticipated to expand significantly, reaching 13.9 USD Billion by 2035. This growth trajectory suggests a compound annual growth rate of 6.82% from 2025 to 2035. Such projections indicate a strong demand for orthopedic trauma devices driven by factors such as technological advancements, an aging population, and increasing healthcare expenditure. The market's expansion reflects the ongoing commitment to improving orthopedic care and addressing the needs of patients worldwide.

The Global Orthopedic Trauma Devices Market Industry is significantly influenced by the growing geriatric population, which is more susceptible to fractures and orthopedic conditions. According to the United Nations, the number of individuals aged 65 and older is expected to double by 2050, leading to an increased demand for orthopedic trauma devices. This demographic shift necessitates the development of specialized devices tailored to the needs of older patients, such as hip and knee implants. As a result, the market is poised for growth, with a projected compound annual growth rate of 6.82% from 2025 to 2035, reflecting the urgent need for effective orthopedic solutions.

Rising healthcare expenditure globally is a crucial driver for the Global Orthopedic Trauma Devices Market Industry. As countries allocate more resources to healthcare, there is a corresponding increase in the availability and accessibility of advanced medical technologies, including orthopedic trauma devices. For instance, nations with robust healthcare systems are investing in innovative surgical techniques and rehabilitation programs, which enhance patient care. This trend is likely to stimulate market growth as healthcare providers seek to improve outcomes for patients with orthopedic injuries. The increasing focus on quality healthcare services is expected to contribute to the market's expansion in the foreseeable future.

The Global Orthopedic Trauma Devices Market Industry is also driven by the alarming rise in road traffic accidents, which contribute significantly to orthopedic injuries. According to the World Health Organization, road traffic injuries claim approximately 1.35 million lives annually, with many survivors requiring orthopedic interventions. This trend underscores the need for advanced trauma devices to address the growing number of injuries sustained in accidents. As awareness of road safety increases and preventive measures are implemented, the demand for orthopedic trauma devices is expected to rise, further propelling market growth in the coming years.

The Global Orthopedic Trauma Devices Market Industry experiences a notable surge in demand due to the increasing incidence of orthopedic injuries. Factors such as an aging population, active lifestyles, and rising participation in sports contribute to this trend. For instance, the World Health Organization indicates that musculoskeletal disorders are among the leading causes of disability worldwide. This growing prevalence of injuries necessitates advanced orthopedic trauma devices, which are projected to drive the market's growth significantly. The market is expected to reach 6.73 USD Billion in 2024, reflecting the urgent need for innovative solutions in orthopedic care.

Technological advancements play a pivotal role in shaping the Global Orthopedic Trauma Devices Market Industry. Innovations such as 3D printing, minimally invasive surgical techniques, and smart implants enhance the efficacy and safety of orthopedic procedures. These advancements not only improve patient outcomes but also reduce recovery times, thereby increasing the adoption of orthopedic trauma devices. As healthcare providers increasingly seek to integrate cutting-edge technology into their practices, the market is likely to witness substantial growth. By 2035, the market is projected to reach 13.9 USD Billion, underscoring the impact of technology on orthopedic trauma care.

By region, the study provides the market insights for orthopedic trauma devices into North America, Europe, Asia-Pacific and Rest of the World. North America orthopedic trauma devices market accounted for USD 2.7 billion in 2022 with a share of around 45.80% and is expected to exhibit a significant CAGR growth during the study period due to the high prevalence of chronic pain from a variety of causes, including low back pain,arthritis, and neck pain, as well as the growing older population, high illness management knowledge among the general public, and new product introductions in the area.

The rise in the cost of research and development, the existence of important players in the area, and the increased incidence of sports injuries are all contributing factors to the expansion.

Further, the major countries studied in the market report for orthopedic trauma devices are: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 3: ORTHOPEDIC TRAUMA DEVICES MARKET SHARE BY REGION 2022 (%)

Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

Asia Pacific orthopedic trauma devices market accounts for the second-largest market share. Several factors are anticipated to boost the market in the Asia Pacific, including an increase in the number of older adults in China and Japan, a startling rise in traffic accidents, and quickly rising economies. It is also anticipated that introducing novel equipment to identify and treat orthopedic problems precisely will fuel market growth. Moreover, China orthopedic trauma devices market held the largest market share, and the India orthopedic trauma devices market was the fastest growing market in the region.

Europe orthopedic trauma devices Market is expected to grow at the fastest CAGR from 2022 to 2030. The region's growing elderly and obese populations are at higher risk of developing bone fractures. In the years to come, the market expansion is anticipated to be fueled by investments in creating superior-quality orthopedic trauma devices. Further, the UK orthopedic trauma devices market held the largest market share, and the Germany orthopedic trauma devices market was the fastest-growing market in the region.

Major market players are spending a lot of money on R&D to increase their product lines, which will help the orthopedic trauma devices market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the orthopedic trauma devices industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

One of the primary business strategies adopted by manufacturers in the global orthopedic trauma devices industry to benefit clients and expand the market sector is to manufacture locally to reduce operating costs. In recent years, orthopedic trauma devices industry has provided medicine with some of the most significant benefits. The orthopedic trauma devices market major player such as NVIBIO (UK), BIOTEK (India), DEPUY SYNTHES CompanienOrtho Max Manufacturing Company PVT. Ltd., AUXEIN Medical (India), Stryker, Johnson & Johnson Services Inc. (US), Smith & Nephew, MEDTRONIC and Braun MELSUNGEN AG.

The Stryker Corporation is an American firm with headquarters in Kalamazoo, Michigan. Stryker manufactures a wide range of medical device products, including surgical instruments and surgical navigation systems, endoscopic and communications systems, neurovascular, patient handling and emergency medical equipment, neurosurgical, and spinal devices, as well as other products used in a range of medical specialties. The Stryker Corporation provides orthrobiologics, such as biodegradable solutions for bone repair, which are utilised in soft tissue regeneration, bone healing, and muscle connection to bone.

The American global firm Johnson & Johnson (J&J), established in 1886, creates consumer packaged goods, pharmaceuticals, and medical equipment. The company is ranked No. 36 on the 2021 Fortune 500 list of the largest American corporations by total revenue, and its common stock is a component of the Dow Jones Industrial Average. One of the most valuable firms in the world, Johnson & Johnson is one of just two U.S.-based businesses with a prime credit rating of AAA, which is higher than the rating of the US government.