The trauma fixation market was valued at $4.4 billion in 2009 and is expected to reach $6.6 billion in 2016. The report attributes this growth to increasing incidence of osteoporosis, a major cause of fractures.
The growth in internal fixation devices is driven by advancement in product designs and new materials such as stainless steel, titanium and bio-absorbable materials, which help reduce the cost of surgery. Anatomically designed products are expected to become more prevalent because they reduce the procedure time.
Read the GlobalData news release on the trauma fixation devices market.
Read other coverage on the future market:
– Global Shoulder Replacement Market to Reach $1.1B by 2016
– Biomet Increases Net Sales by 2% During 1Q FY 2011, Less Than Expected
– Vertebral Compression Fracture Market to Reach $1.4B by 2015
