The internal Trauma Fixation plate Market Scope
A plate is a type of internal fixation that is attached to the bone with screws. Plates are made of surgical-grade stainless steel or titanium. After treatment, plates can be removed during a surgical procedure or they can remain in place. A plate can be used when crooked bones are straightened during surgery. The crooked bone is cut through osteotomy and the two bone fragments are moved until they are correctly aligned. Innovation locking plate technology is the opportunity for the internal trauma fixation plate. The increasing geriatric population to drives the market toward growth.
|Unit||Value (USD Million)|
|Key Companies Profiled||Braun Melsungen AG (Germany), Globus Medical Inc. (United States), Johnson & Johnson Company (United States), Midrates Holding AG (Switzerland), Orthopaedic Implant Company (United States), Smith & Nephew plc. (United Kingdom), Stryker Corporation (United States), Wright Medical Inc. (United States), Zimmer Biomet, Inc. (United States) and Arthrex Inc. (United States)|
Internal Trauma Fixation Plate Market is a fragmented market due to the presence of various players. The players are focusing on increasing their manufacturing capacity and are offering competitive prices to gain high market share and establish their position in the market. Further, companies are focusing on developing innovative products and solutions to improve quality, enhances and promotes performance. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge
Braun Melsungen AG (Germany), Globus Medical Inc. (United States), Johnson & Johnson Company (United States), Midrates Holding AG (Switzerland), Orthopaedic Implant Company (United States), Smith & Nephew plc. (United Kingdom), Stryker Corporation (United States), Wright Medical Inc. (United States), Zimmer Biomet, Inc. (United States) and Arthrex Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are OsteoMed (Berkshire Hathaway Inc.), (United States).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
The study have segmented the market of Global The internal Trauma Fixation plate market by Type and Region with country level break-up.
On the basis of geography, the market of The internal Trauma Fixation plate has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). region held largest market share in the year 2022.
Market Leaders and their expansionary development strategiesIn December 2021, Today, the Johnson & Johnson Medical Devices Companies* launched that has acquired the Israeli company, OrthoSpin, Ltd. OrthoSpin developed and manufactures a first-of-its kind technology – an automated strut system – which is used in conjunction with DePuy Synthes MAXFRAME Multi-Axial Correction System, an external ring fixation system. This acquisition is a clear example of Johnson & Johnson’s continued commitment to advancing innovation in the MedTech space.
In March 2023, Smith Nephew the global medical technology company, launched UltraTRAC QUAD ACL Reconstruction Technique which consists of the new QUADTRAC Quadriceps Tendon Harvest Guide System, X-WING Graft Preparation System, and family of ULTRABUTTON Adjustable Fixation Devices. These technologies work together to provide an innovative procedural solution, expanding Smith Nephew’s ability to address surgeon graft preference
Influencing Trend:Increase in the number of road accidents and injuries. and Improving healthcare facilities in developing countries.
Market Growth Drivers:Rising prevalence of degenerative bone diseases, The increasing geriatric population and Rising the number of trauma cases
Challenges:Risks associated with deep infection and plate breakage,
Restraints:Increasing product recalls
Opportunities:Innovation locking plate technology
Key Target AudienceMedical Equipment manufacturers, Pharmaceutical companies, Government and private laboratories, Research and Development (R&D) companies, Medical research laboratories, Market research and consulting service providers, Government Agencies, End User Industry and Others