Trauma products refer to the products that are used for the physical injuries and wounds caused by the external sources. In some of the major Trauma cases, the injuries might lead to long term complications such as chronic pain, infections, and long-term disability. Trauma injuries include the injuries causing severe damage to the body parts such as fractures, dislocations, traumatic amputations, and damage to soft tissues.
With the increase in incidence of accidents and natural disasters, the global Trauma Products Market is expected to witness a considerable growth during forecast period. According to the World Health Organization (WHO), injuries accounts for 9% of the global mortalities and a large number of survivors incur temporary or permanent disabilities, in 2014. The increasing prevalence of injuries is driving the growth of the global trauma market.
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Geographically, North America was the largest market for Trauma Products in 2016, followed by Europe. The North American trauma products market is primarily driven by the presence of key established players in the market, developed reimbursement policies, and the high prevalence of trauma cases and subsequent increase in trauma procedures in the region. The growth of European trauma products market is driven by increasing healthcare expenditure, and rising orthopedic trauma cases. Asia-Pacific is expected to witness significant growth during forecast period. Some of the factors driving the growth of Asia-Pacific trauma products market include, improving healthcare infrastructure, increasing number of trauma cases and growing aging population.
The intensity of rivalry in the trauma products market is quite high with the presence of number of small and big players. Some of the key players in the global Trauma Products market are DePuy Synthes, Zimmer Biomet Holding Inc., Accumed LLC, B. Braun Melsungen AG, Citieffe S.R.L., Double Medical Inc., Medtronic plc, Wright Medical Group N.V., Orthofix Holdings Inc., Integra LifeSciences Corporation, Conmed Corporation, Cardinal Health, Arthrex Inc., Smith & Nephew, and Stryker.
