Orthopedic trauma is a condition that includes
injuries mainly affecting the human skeleton and deteriorating the
condition of the subject. It includes the conditions ranging from
simple fracture to severe life threatening injuries that are caused
due to accidents. Orthopedic trauma includes multiple broken bones
across different parts of the body that involve extensive
reconstructive surgery. Severe orthopedic traumas can only be treated
by fracture specialists and specialized team of surgeons. Various
equipment and devices play a key role in reconstructive surgeries.
Orthopedic traumas include dislocations, sprains, connective tissue
injuries, hematomas, and final to traumatic amputations.
Orthopedic Trauma Devices Market Trends:
Increasing Number of Cranial and Musculoskeletal Surgeries
Fat embolism and compartment syndrome are some of
the other conditions that can arise due to orthopaedic traumas. The
human skeleton is broadly divided into two main sections, namely
upper and lower extremity. As the name suggests the upper extremity
includes the upper section of the body above the abdomen such as
cranium, humorous, ulna, collar bone, spine, and wrist bones. Cranium
is an important part of the skeleton that helps keep the nervous
system protected. Treatment of orthopedic trauma such as cranial
injury is a complex task that requires specialized devices and
support system. Treatment options vary according to the type and
severity of the condition. For instance, external fixation is a
commonly used technique for skeletal immobilization through which,
bones or their fragments are kept stationary to perform surgeries.
Fixation involves insertion of nails and screws in the fractured
pieces of bones to make them immovable.
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Orthopedic Trauma Devices Market: Global
Market Still Provides Significant Growth Potential
Though there are large number of specialized
orthopedic hospitals, clinics and trauma centres across the globe,
the market still holds lucrative growth opportunities. This is
further augmented by increasing number of surgeries worldwide.
According to National Model of Care for Trauma and Orthopaedic
Surgery 2015, during patient’s stay in hospital, 86% of orthopaedic
inpatients undergo primary surgery procedure and around 70% of this
activity is focussed on lower limb surgery.
Orthopedic Trauma Devices Market: Cost
Driven Market with Favourable Reimbursement Policies
Favourable reimbursement policies are the
beneficial checkpoints of the orthopedic trauma devices market, as
the cost for treatment in such cases is relatively high as compared
to regular surgery. The reimbursement policies include some vital
instruction in which, only evidence-based medicine should be
prescribed for treatment apart from the devices used in the surgery
that are branded and requires authentic make. Also, other expenditure
such as patient transfer rates with healthcare changes should be as
per protocol in order to decrease out-of-pocket expense by the
patient. However, some factors that can slow down market traction in
the near future are rise in cost of procedure, high cost of devices
used in treating orthopaedic trauma cases, and low availability of
super specialized professionals. Also, the dynamic nature of
orthopedic branch is such that specialists involved need to
constantly upgrade their skills and keep track of the changing
practices. Sub-specialization has become commonplace and the market
is characterized by an acute shortage of general orthopedic surgeons.
Market segmentation of orthopaedic trauma devices
includes various categories, such as:
Product type, material type and end user
Orthopedic Trauma Devices Market by
Product type
-
Screws
-
Self-drilling Screw
-
Emergency Screw
-
Plate
-
2 Hole, Straight Plate
-
6 Hole, Straight Plate
-
Others
-
Bone Cement
-
Nails
-
Others (Patient Specific Implants)
Orthopedic Trauma Devices Market by
Material type
-
Absorbable
-
Non-Absorbable
-
Titanium Stainless Steel
Orthopedic Trauma Devices Market by End
User
-
Orthopaedic Clinics
-
Hospitals
-
Emergency Medical Services
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Orthopedic Trauma Devices Market Future
Outlook: Focus on Research and Development for Cost Effective
Products
Some organizations involved in the manufacturing
of the orthopaedic trauma devices also actively focus on research and
development activities to introduce better and economical products.
Increasing focus on strengthening the distribution channels is
expected to further enhance availability of products in the market.
Some of the key players in market are as follows:
-
Biomet, Inc
-
DePuy Synthes (a Johnson & Johnson)
-
Braun Melsungen AG
-
Medtronic
-
Integra LifeSciences Corporation
-
Stryker Corporation
-
Zimmer Holding Inc.
-
Smith & Nephew
-
Orthofix International
-
NuVasive
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