“The Asia-Pacific trauma fixation devices market is projected to grow at a CAGR of 6.6% from 2014 to 2019. This growth is mainly attributed to a wide range of factors such as technical advancements, rising cases of road accidents, increasing aging population, low cost/utility ratio, and increasing investments. However, competitive pricing, huge untapped population, and high threat from substitutes is hampering the growth of the market. Moreover, continuous technological up-gradation in the field of implant devices is creating new growth opportunities in the Asia-Pacific trauma fixation devices market.
In this report, the Asia-Pacific trauma fixation devices market has been broadly classified on the basis of type, end-user, and geography. Depending on types, the market is further classified into internal trauma fixation devices and external trauma fixation devices. The internal trauma fixation devices market segment is accounted for the largest market share of 88.6% in the Asia-Pacific trauma fixation devices market. Factors such as increasing number of trauma cases, and growing demand of trauma fixation devices are key growth factors driving the growth of this market.
The Asia-Pacific trauma fixation devices market is dominated by numerous market players. Major market players include Stryker Corporation (U.S.), DePuy Synthes (U.S.), Zimmer Holdings, Inc. (U.S.), and Smith & Nephew Plc (U.K). New product launches and partnerships, agreements, collaborations, and joint ventures are considered as key growth strategies adopted by leading market players in the Asia-Pacific trauma fixation devices market.
