October 20, 2016
DUBLIN–(BUSINESS WIRE)–Research and Markets has announced the addition of the “Trauma And Extremities Market Analysis By Type And Segment Forecasts To 2024” report to their offering.
The global trauma and extremities market was valued at USD 8.0 billion in 2015 and is expected to reach a value of USD 15.9 billion by 2024. The expansion is attributed to the increasing geriatric population base along with the growing incidence rate of target diseases such as osteoporosis.
Introduction of new technologies in terms of material, technique, and the non-invasive nature of the employed material are augmenting the market growth. In July 2016, DePuy Synthes launched a new hand locking system used for deformities and fracture fixation. This device is designed to reduce soft tissue irritation and facilitate healing.
Moreover, companies are investing in new product development, which is anticipated to aid the future growth of the market. In 2015, Smith & Nephew invested USD 222 million on research and development, yielding a promising product pipeline for 2016. It has already launched a new product, SUTUREFIX, a suture anchor in February 2015. The product is expected to improve hip and shoulder repair by providing additional fixation points.
In 2015, North America dominated the market with a revenue share of more than 40%. The Affordable Care Act includes a separate grant for trauma care.
- DePuy Synthes
- Zimmer Biomet
- Smith & Nephew
- Wright Medical Technology, Inc.
- Advanced Orthopaedic Solutions
- Integra LifeSciences Corporation
- Bioretec Ltd.
- Cardinal Health
1 Research Methodology
2 Executive Summary
3 Market Snapshot
4 Market Variables, Trends& Scope
5 Market Categorization 1: Type Estimates & Trend Analysis
6 Market Categorization 2: Regional Estimates & Trend Analysis, by Type
7 Competitive Landscape
For more information about this report visit http://www.researchandmarkets.com/research/3d2rtw/trauma_and
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Related Topics: Orthopedic Devices