Orthopedic Trauma Fixation Devices Market to Attain a Value of US$9.3 bn by 2020

Globally, the orthopedic trauma fixation devices market is witnessing significant growth due to increasing incidence of fractures and lack of substitutes. As a result, this market is expected to grow at a CAGR of about 7.2% during 2014 – 2020. Some of the key driving factors for the orthopedic trauma fixation devices market are increase in the elderly population, growing healthcare costs, and rising prevention measures for various orthopedic-related problems. Increasing participation in sports and rising number of road accidents are the leading causes for trauma fracture cases. Growing demand for better facilities in orthopedic trauma surgeries, and increasing investments by governments and multinational companies has enabled the growth of the orthopedic trauma fixation devices market. However, the market faces some restraints such as high cost of surgery, lack of awareness, double surgeries, and absence of health insurances in developing countries. Browse Press Release @https://www.transparencymarketresearch.com/pressrelease/orthopedic-trauma-fixation-device-market.htm North America, including the U.S. has the largest orthopedic trauma fixation devices market. Asia is the fastest growing orthopedic trauma fixation devices market. Some of the fastest growing markets for orthopedic trauma fixation devices are China, Japan, other countries in South East Asia and the Eastern Mediterranean. Request for Sample Copy of Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2155 On the basis of the type of fixator, internal fixators have the largest market share in the orthopedic trauma fixation devices market and are expected to grow at a CAGR of about 6.8% during 2014 – 2020. Plate and screw systems are most widely used internal fixators and the market for the same is expected to grow at a CAGR of about 7.1% during 2014 – 2020. Various orthopedic trauma fixation devices companies are increasing their focus on manufacturing of internal fixators with bioabsorbable material. Market for bioabsorbable fixators is expected to grow at a CAGR of about 8.4% during 2014 – 2020. Request Report Brochure @https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2155According to the report, the primary growth driver of the global orthopedic trauma fixation device market is the increasing number of fractures and spot injuries that are being treated around the world. The market also benefits from the greater expenditure rates in the healthcare industry and a practical lack of alternatives available to this market. All these factors are expected to boost the global orthopedic trauma fixation device market in the coming years.The global orthopedic trauma fixation device market is, however, impeded by factors such as the absence/inadequacy of health insurance in emerging economies, the chances of incurring a double surgery, and the high cost of operation. The report expects these restraints to act on the global orthopedic trauma fixation device market in order to withhold its maximum growth potential.

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