The Europe trauma fixation devices market is predicted to reach USD 1800 million by 2021 from USD 1360 million in 2016, growing at a CAGR of 5.77%
Hyderabad, India -- (SBWIRE) -- 03/21/2018 -- Trauma fixation devices are used for the treatment of internal injuries, like dislocations, fractures, bruises and external injuries, burns, cuts, and such injuries. Internal fixation devices are ingrained into the body for the stabilization of severe fractures and dislocations and deformity correction procedures. Whereas, external fixation devices are to hold the bone in that of an external case of open fractures, severe soft tissue injury and burn injuries. These devices facilitate to align broken bones, forestall improper bone recovery, promote quicker healing of external injuries, and complete repair of internal injuries.
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The Europe Trauma Fixation Devices Market is estimated to have a value of USD 1360 million in 2016. With a CAGR of 5.7%, the market size is expected to grow rapidly to cross USD 1800 million by 2021.
Prevalence of autoimmune disease and arthritis are the foremost to impact the demand for orthopedic trauma fixation devices. Additionally, growing range of traumatic orthopedic injury cases, rising demand for the advanced facility in orthopedic trauma and surgery centers are fueling the market.
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The rise in geriatric population across the world can augment the expansion of trauma fixation devices since senior people possess higher risk for pathology that may propel the demand for utilization of trauma fixation devices. It's been calculable by the World Health Organization (WHO) that world senior population was around 524 million, which is about 10% of the overall population and predicted to grow to achieve around 2,000 million by 2050.
Increasing variety of accidents throughout the planet can boost the expansion of trauma fixation devices market. Recently, the U.S. reportable around forty-two million trauma cases. These trauma patients needed immediate medical treatment (trauma fixation devices implantation) to pass through trauma.
In some countries such as Brazil, import duties for attention products may vary up to 16%, reckoning on the existence of domestic competitors. On top of that, importers might have to pay tax on industrial merchandise, PIS and COFINS (social contributions), additionally because the tax on the Circulation of products and Services levied by the states.
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Europe Trauma Fixation Devices Market is growing at a good pace in the last few years and anticipated to continue the same in the forecast period. This is due to the advancements in technology and
awareness among people in this region.
The major market contributors for the global Trauma Fixation Devices Market are Smith & Nephew, DePuy Synthesis, Stryker Corporation, Zimmer, Arthrex, Biomet, Conmed, Integra Lifesciences Corporation, Medtronic, Inc., and Bioretec, Inc.
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