According to FutureWise analysis the market for Trauma Devices in 2023 is US$ 9.97 billion, and is expected to reach US$ 17.42 billion by 2031 at a CAGR of 7.20%.
Trauma is defined as a bodily damage that necessitates rapid medical treatment. Sprains, dislocations, fractures, burns, and strains are examples of physical injuries that can be produced by any external source. Trauma is defined by the Centers for Disease Control and Prevention as an injury or wound to the body caused by the use of violence or external force. Trauma devices are one of the many therapeutic treatments used to treat trauma, depending on the severity of the damage. Trauma refers to any type of physical harm caused by an external source, such as fractures, dislocations, sprains and strains, and burns. Trauma is defined as an injury or wound to a live person caused by violence or external force, according to the Centers for Disease Control and Prevention. These devices are used to treat fractures, particularly long bone fractures. In the next years, the market will be driven by an ageing population that is more prone to osteoarthritic fractures, an increase in the incidence rate of osteoporosis, and technological improvements such as the usage of orthobiologic products and biodegradable materials. Furthermore, a surge in the frequency of traffic accidents, sports-related injuries, and people's changing lifestyles will propel the industry forward. Recently, 42 million trauma cases were reported in the United States, resulting in a rise in demand for trauma devices. However, the market is projected to be hampered by the high cost of trauma devices, allergies associated with internal fixation devices, and the risk of infection.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Trauma Devices Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Trauma Devices Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.