In 2020, the European orthopedic trauma device market size was valued at €807 million, with over 790,000 plate and screw units sold every year. The market size is expected to decrease at a compound annual growth rate (CAGR) of -0.4% reaching €783.1 million in 2026. Throughout this medical market research, we analyzed 41 trauma device
Industry Trends One of the major drivers of the trauma devices market is the consistent influx of newer technologies. For example, within the largest segment of this market, plates and screws, the market growth is supported by the introduction of newer materials (i.e. titanium), hybrid systems and anatomical plates. In addition, intramedullary (IM) nails are
The U.S. trauma device market was valued at $3.6 billion in 2018. This is expected to increase over the forecast period at a CAGR of 3.5% to reach over $4.5 billion. One of the major drivers of this market is the consistent influx of newer technologies. For example, within the largest segment of this market,
In 1984, bioabsorbable internal fixation devices were used at Helsinki University for the first time as a treatment for fractures and osteotomies of the extremities. Metal plates and screws remain the standard for use in internal fixation, despite the associated risks, including increased infection rates due to bacterial colony formation on the plates, bone atrophy due to stress-shielding (particularly in long bones) and the introduction of growth problems in growing patients. Metal plates and screws must often be removed, requiring a second surgery and exposing patients to the risks of surgery for a second time.