“The global trauma fixation devices market is estimated to grow at a CAGR of 6.7% from 2014 to 2019. The growth of the global trauma fixation devices market is driven by factors such as technical advancements, rising number 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 global trauma fixation devices market. Moreover, continuous technological upgrades create new growth opportunities for players in the global trauma fixation devices market in these regions.
In this report, the global trauma fixation devices market has been broadly classified on the basis of types into internal trauma fixation devices and external trauma fixation devices. The internal trauma fixation devices market segment accounted for largest market share of 87.7% of the global trauma fixation devices market. Factors such as the increasing number of trauma cases and increasing demand for devices with less downtime are driving the growth of this market.
The global trauma fixation devices market is a competitive market with a number of market players. As of 2014, the global trauma fixation devices market was dominated by Stryker Corporation (U.S.), DePuy Synthes Companies of Johnson & Johnson (U.S.), Zimmer Holdings, Inc. (U.S.), Smith & Nephew Plc (U.K.), Tornier, Inc. (France), and Biomet, Inc. (U.S.). New product launches and partnerships, agreements, collaborations, and joint ventures are the major strategies adopted by most market players to achieve growth in the global trauma fixation devices market.
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