SAN FRANCISCO, October 3, 2016 /PRNewswire/ --
The global trauma and extremities market was valued at USD 8.0 billion in 2015 and is expected to reach a value of USD 15.9 billion by 2024. The expansion is attributed to the increasing geriatric population base along with the growing incidence rate of target diseases such as osteoporosis.
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Introduction of new technologies in terms of material, technique, and the non-invasive nature of the employed material are augmenting the market growth. In July 2016, DePuy Synthes launched a new hand locking system used for deformities and fracture fixation. This device is designed to reduce soft tissue irritation and facilitate healing.
Moreover, companies are investing in new product development, which is anticipated to aid the future growth of the market. In 2015, Smith & Nephew invested USD 222 million on research and development, yielding a promising product pipeline for 2016. It has already launched a new product, SUTUREFIX, a suture anchor in February 2015. The product is expected to improve hip and shoulder repair by providing additional fixation points.
The industry is dominated by few players, while local implant manufacturers share the remaining market. DePuy Synthes, Stryker, Zimmer Biomet, and Medtronic and others are key players while Advanced Orthopedic Solutions, Emerge Medical, and Bioretec Ltd. are the emerging players in this vertical.
Browse full research report with TOC on "Trauma And Extremities Market Analysis By Type (External Fixation, Internal Fixation [Plates And Screws, Rods And Pins, Bone Grafts], Craniofacial Devices [Internal Craniofacial Devices, External Craniofacial Devices], Long Bone Stimulation, Other Trauma Devices) And Segment Forecasts To 2024" at: http://www.grandviewresearch.com/industry-analysis/trauma-extremities-market
Further Key Findings From the Study Suggest:
Grand View Research has segmented the trauma and extremities market by type and region:
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