The global Trauma Devices Market size is expected to reach USD 11.2 billion in 2025, according to a new report by Grand View Research, Inc., registering a 6.1% CAGR during the forecast period. Increasing incidence of severe fractures and rising expenditure on research and development of trauma devices are among key factors likely to drive the market during the forecast period. Medical devices used for fixation of small bones and joints are categorized under orthopedic trauma.
The market for trauma devices is likely to witness high growth in the coming years due to rising geriatric population and surge in number of road accidents. The market is driven by technological advancements, with key players introducing array of products through extensive research capabilities and expanding their segment portfolio through partnerships with other players.
For instance, in July 2017, Cardinal Health acquired the patient recovery business from Medtronic for USD 6.1 billion. The acquisition helped expand Cardinal Health’s portfolio by adding 23 product categories, including segment leader brands such as Kendall, Curity, Kangaroo, Dover, and Argyle.
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Further key findings from the report suggest:
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Grand View Research has segmented the global trauma devices market based on type, surgical site, end use, and region:
Trauma Devices Type Outlook (Revenue, USD Million, 2014 – 2025)
Trauma Devices Surgical Site Outlook (Revenue, USD Million, 2014 – 2025)
Trauma Devices End-use Outlook (Revenue, USD Million, 2014 – 2025)
Trauma Devices Regional Outlook (Revenue, USD Million, 2014 – 2025)
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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