The global trauma fixation market is expected to grow over the next four years, according to a MicroMarket Monitor report.
Here are 10 key updates on the global trauma fixation market:
1. The market is expected to grow at a 6.4 percent compound annual growth rate to 2019.
2. Increased osteoporosis and a larger geriatric population is driving growth in the market.
3. Particularly high growth areas for trauma and fracture injuries are the wrist, spine and hip.
4. Key players in the market are Biomet (soon to finalize a merger with Zimmer), DePuy, Stryker and Smith & Nephew.
5. Internal fixator devices have the largest global trauma fixation device market share.
6. Companies in this market are making more investments, focusing particularly on new innovations including fixators that comprise of bio-absorbable material.
7. North America accounts for the largest share of the global trauma fixation device market.
8. An increased accident rate drives North America's dominance in the market.
9. Emerging markets including Asia and Latin America will drive growth.
10. The emerging markets are attractive because there is rising industrialization and untapped opportunities.