The Asian trauma fixation devices market is estimated to grow to $1.2 billion by 2018.
Here five key things to know about the market:
1. The market is expected to grow at a compound annual growth rate of 6.5 percent from 2013 to 2018.
2. The major countries contributing to the market are Japan, China and India. Japan is the largest contributor with a share of 40.1 percent in 2013.
3. The Asian market is characterized by low cost production across a majority of industry verticals in the region, including orthopedic devices markets.
4. Increasing incidences of osteoporosis is one of the main causes for wrist, spine, and hip fractures, which is driving the demand for the trauma fixation devices.
5. Key players in the market are Biomet, DePuy, Stryker and Smith & Nephew.
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