Global Market Study on Orthopedic Trauma Devices - External
Fixator to Witness Highest Growth by 2020
Persistence Market Research
Global Orthopedic Trauma Fixation Devices
Market Will Reach $9.4 Billion in 2020 Persistence Market Research
Persistence Market Research
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Global Market Study on Orthopedic Trauma Devices - External
Fixator to Witness Highest Growth by 2020
Persistence Market Research Released New Market Report “Global Market Study on
Orthopedic Trauma Devices: External Fixator to Witness Highest Growth by 2020”,
the global orthopedic trauma devices market was valued at USD 5.7 billion in 2013 and is
expected to grow at a CAGR of 7.2% from 2014 to 2020, to reach an estimated value of USD
9.4 billion in 2020.
Globally, the orthopedic trauma fixation devices market is witnessing a significant growth
due to increase in incidence of fractures cases and increasing demand for better facilities in
orthopedic trauma surgeries. As a result the market is expected to grow at a CAGR of about
7.2% during 2014-2020.
Some of the major driving factors for orthopedic trauma fixation devices market are raising
number of participations in sports and increase in aged population. In addition, government
and multinational companies are increasing their investments in this industry. Increasing
demand of better facilities in trauma surgeries has also setup the positive growth rate of
orthopedic trauma fixation devices market. However, various factors such as double surgery
and absence of health insurance in developing countries, high cost of surgeries involved and
less awareness are some of the major restrains faced by orthopaedic trauma fixation device
market.
North America, including the U.S. holds the largest market of orthopedic trauma fixation
device. Asian region are witnessing the fastest growth of orthopedic trauma fixation devices
market. Some of the fastest growing markets for...