Navigation Links
US Trauma Fixation Device Market Not Seeing Signs of Slowdown
Date:11/25/2009

WALTHAM, Mass., Nov. 25 /PRNewswire/ -- According to Millennium Research Group (MRG), the global authority on medical technology market intelligence, the nearly $3 billion US market for trauma fixation devices will continue to see rapid growth over the next five years despite the recent economic slowdown. MRG's US Markets for Trauma Devices 2010 report finds that this market will remain highly dynamic over the next five years, with competitors introducing specialized devices in previously underserved segments of the trauma fixation market, fueling market growth.

Trauma device manufacturers are becoming increasingly focused on developing products that are suited for specific anatomical locations. Low-profile plating systems, for example, have grown in popularity for extremity fixation procedures where soft tissue coverage is minimal and thicker systems often cause irritation. Polyaxial plating systems are also penetrating the market because these systems improve screw placement, a particularly important feature when a surgeon is securing small bone fragments near periarticular surfaces. Market growth will also continue to be fueled by surgeon uptake of anatomic plating systems. These devices are designed to fit the unique contours of periarticular surfaces, allowing for improved screw placement around small bone fragments to achieve adequate fracture reduction. Because surgeons are primarily focused on attaining the most secure fixation possible, significant market opportunity exists for companies that introduce advanced or specialized trauma fixation technologies.

"Although Synthes, Stryker, and Smith & Nephew currently dominate the trauma device market with over 70% of overall market share, device innovation and anatomical focus has created niche markets and opportunities for smaller companies to flourish," says Melissa Hussey, Analyst at MRG. "Niche companies -- including Acumed, OsteoMed, Small Bone Innovations, Tornier, and TriMed -- have gained a foothold in the market by focusing on innovation and technological advancement in fixation devices for the hand, wrist, foot and ankle, and in 2009 many saw their revenue grow faster than the overall market. This dynamic has created a number of partnership or acquisition opportunities between small companies with unique product offerings and large companies with wide distribution networks."

MRG's new report, US Markets for Trauma Devices 2010, provides critical insight into emerging trends that will fuel product adoption and market growth for plates and screws, intramedullary nails, cannulated screws, conventional hip screws, ancillary devices, external fixation devices, and long-bone stimulation devices through 2014. Additionally, the report provides complete breakdowns of trauma fixation procedures by anatomic location, as well as unit sales, average selling prices, and revenues by device type. This report includes five-year forecasts, up-to-date market shares, and in-depth qualitative insights.

About Millennium Research Group

Millennium Research Group (www.MRG.net), a Decision Resources, Inc. company (www.DecisionResourcesInc.com), is the global authority on medical technology market intelligence and the leading provider of strategic information to the healthcare sector. The company provides specialized industry expertise through multiclient market research, ongoing Marketrack(TM) projects, customer loyalty tracking, facility-level procedure forecasting, and customized solutions.

About Decision Resources, Inc.

Decision Resources, Inc. is a cohesive portfolio of companies that offers best-in-class, high-value information, and insights on important sectors of the healthcare industry. Clients rely on this analysis and data to make informed decisions. Please visit Decision Resources, Inc. at www.DecisionResourcesInc.com.

All company, brand, or product names contained in this document may be trademarks or registered trademarks of their respective holders.


  For more information, contact:

  Amy Krohn
  Millennium Research Group
  416-364-7776 ext. 101
  akrohn@mrg.net

  Elizabeth Marshall
  Decision Resources, Inc.
  781-296-2563
  emarshall@dresources.com

SOURCE Millennium Research Group


'/>"/>
Copyright©2009 PR Newswire.
All rights reserved

Related medicine technology :

1. National Intrepid Center of Excellence To Combat Traumatic Brain Injury With Sophisticated Brain Mapping Technology From Elekta
2. Leading Trauma Surgeon Paints a Bleak Picture of U.S. Trauma System - Calls for Surgeons to Advocate for Systems Where Lacking
3. BHR Pharma Announces Phase 3 SyNAPSe Study of Progesterone as a Neuroprotective Agent for Traumatic Brain Injury
4. Trauma 411: Prolonged Surgery Should be Avoided in Certain Cases
5. UNT Health Science Centers Groundbreaking Research Applied to Protecting Brain After Traumatic Injury
6. U.S. Naval Medical Research Center Proposed RESUS Clinical Trial in Trauma Patients Remains on FDA Hold
7. Glycerin Proven to Improve Bruising and Swelling Caused By Trauma to Skin
8. U.S. Naval Medical Research Center Resubmits IND Application for Proposed RESUS Clinical Trial in Trauma Patients in the Out-of-Hospital Setting
9. Neuro Kinetics: Research Suggests I-Portal(R) NOTC Data Shows Mild Traumatic Brain Injuries That Other Technologies Miss
10. For Iraq Veterans, Headaches Continue After Traumatic Brain Injury
11. U.S. Naval Medical Research Center Resubmits IND Application for Proposed Op RESUS Clinical Trial in Trauma Patients in the Battlefield Setting
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/26/2016)... June 27, 2016  VMS Rehab Systems, Inc. ( ... take whatever measures required to build a strong and ... is currently listed on the OTC Markets-pink current trading ... and CEO, "We are seeing an anomaly in market ... not only by the Company, but shareholders and market ...
(Date:6/24/2016)... 2016  Collagen Matrix, Inc., ("Collagen Matrix") the ... of collagen and mineral based medical devices for ... Bill Messer has joined the company as ... the growing portfolio of oral surgery, neurosurgery, orthopaedic ... joins the Collagen Matrix executive team as an ...
(Date:6/24/2016)... , June 24, 2016 ... has announced the addition of the " Global ... This report ... provides an updated review, including its applications in various ... total market, which includes three main industries: pharmaceutical and ...
Breaking Medicine Technology:
(Date:6/26/2016)... ... June 26, 2016 , ... PawPaws brand pet supplements owned by ... to enhance the health of felines. The formula is all-natural and is made from ... the PawPaws Cat Kidney Support Supplement Soft Chews are Astragalus Root Extract ...
(Date:6/25/2016)... FL (PRWEB) , ... June 25, 2016 , ... The temporary closing of Bruton Memorial ... Plant City Observer , brings up a new, often overlooked aspect of head lice: the ... closing for fumigation is not a common occurrence, but a necessary one in the event ...
(Date:6/25/2016)... ... June 25, 2016 , ... On Friday, June 10, Van Mitchell, Secretary ... Work award to iHire in recognition of their exemplary accomplishments in worksite health promotion. ... Maryland Workplace Health & Wellness Symposium at the BWI Marriott in Linthicum Heights. iHire ...
(Date:6/24/2016)... ... ... in a crisis. Her son James, eight, was out of control. Prone to extreme mood ... something upset him, he couldn’t control his emotions,” remembers Marcy. “If there was a ... children and say he was going to kill them. If we were driving on ...
(Date:6/24/2016)... ... ... BioMedics, Inc, makers of Topricin and MyPainAway Pain Relief Products, join The ‘Business for a ... an hour by 2020 and then adjusting it yearly to increase at the same rate ... assure the wage floor does not erode again, and make future increases more predictable. , ...
Breaking Medicine News(10 mins):