The European Orthopedic Trauma Device Market was negatively affected by the European sovereign debt crisis in 2011 due to cuts to reimbursement and a continued rise in public tendering
However, as the economy recovers from this downturn, market growth will rebound to pre-crisis levels. It will take a few years before pre –debt crisis growth is reached, but 3 of the main drivers which will help strengthen the market once again are listed below.
These 3 factors comprise only a small fraction of the multitude of drivers and limiters in this market. The entirety of our segmentation for this market can be seen by viewing European Orthopedic Trauma Device Market Table of Contents. Click to request a free Table of Contents for this report.
1. Trend Toward Locking & Hybrid
The locking plate and screw system was first introduced by Synthes in 2002. As a result of their pioneering efforts in developing this new segment, Synthes were able to establish and maintain the leading position in the plate and screw market in Europe. Locking plates are also known as low contact dynamic compression plates (LCDC), and differ from traditional plate systems in that screws are crossed over rather than inserted perpendicularly. Locking plates cut around the screw holes to reduce contact between the metal and the periosteal bone which improves blood flow and healing capacity. Due to their positive clinical outcomes, locking and hybrid plates (which allow for non-locking and locking screws) will continue to be the fastest-growing segments in the plate and screw market over the forecast period. Since locking plates are approximately 40% more expensive than traditional plates, this trend will have a positive effect on total market revenues of the internal fixation market. Hybrid plates have seen rapid growth because they offer the convenience of both locking and non-locking plates and screws. The hybrid plate market will continue to see strong growth due to their high ASPs.
2. Growth of Headless Screws
In recent years, the invention of headless cannulated screws has emerged as a fast-growing segment within the cannulated screw market. Headless cannulated screws are more comfortable for patients because the screw head does not protrude from the bone into surrounding tissue, reducing soft tissue irritation. Headless screws are also designed with threading, which allows the screw to act as a compression screw from both ends, as opposed to the single-ended compression of headed screws. These benefits result in higher unit sale growth rates for more costly headless screws than that of headed screws.
3. Aging Population
Trauma fractures are most commonly caused by osteoporosis in the elderly population. As people grow older, they naturally lose bone density. This results in bones that are less ductile and more brittle, which causes fractures to happen more easily. Therefore, as the European population ages, the prevalence of fractures, particularly hip fractures, will increase dramatically and fuel the demand for trauma fixation devices.