Internal Trauma Fixation Devices Segment Accounted for 86.9% of the North America Trauma Fixation Devices Market in 2014

Date: 2015-08-12

“The North America trauma fixation devices market is estimated to grow at a CAGR of 6.9% from 2014 to 2019. The growth of the North American market is driven by factors such as technical advancements, rising incidence of road accidents, growing aging population, low cost/utility ratio, and increasing investments, among others. However, competitive pricing, huge untapped population, and huge threats from substitutes may hamper the growth of the North American trauma fixation devices market in the coming years. Moreover, continuous technological up-gradation is creating new growth opportunities for the players of the North America market.     

In this report, the North America trauma fixation devices market has been broadly classified on the basis of type. Internal trauma fixation devices and external trauma fixation devices are the two types considered in the report. The internal trauma fixation devices segment accounted for the largest market share of 86.9% of the North America trauma fixation devices market in 2014. Factors such as increasing number of trauma cases and the increasing demand for devices with less downtime are driving the growth of this market. 

The North America trauma fixation devices market is a competitive market with a number of market players. As of 2014, the North American trauma fixation devices market is 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.), among others.  New product launches, partnerships, agreements, collaborations, and joint ventures are the major strategies adopted by most market players to achieve growth in the North American market.                       

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