The globaltrauma implants marketsize is expected to reach USD 10.14 billion by 2026, exhibiting a CAGR of 4.3% during the forecast period. The increasing prevalence of sports injuries among children and teenagers will contribute significantly to the trauma implants market share in the forthcoming years. According to the study conducted by the American Academy of Pediatrics (AAP), around 30 million children and teenagers participate in organized sports in the U.S. and more than 3.5 million teens and children suffer from sports injuries every year. Furthermore, the rising geriatric population around the world will aid the expansion of the market during the forecast period. For instance, according to the World Health Organization (WHO), the proportion of the world’s population over 60 years will nearly double from 12% to 22% between the years 2015 and 2050.
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Launch of Innovative Locking Compression Plate Systems to Spur Sales Opportunities
Medtronic, a medical device company, headquartered in the Republic of Ireland, announced the global launch of VariLoc in China and other countries. The VariLoc Locking Compression Plate System uses variable angle locking tech that enables surgeons adopt screw angulations to patient anatomy, capture fracture fragments, fine-tune screw trajectory after plate placement, and position screws precisely to avoid unnecessary penetration of the nearby joints. The launch of the Variloc Locking Compression Plate System is predicted to boost the trauma implants market trends in the future. Furthermore, increasing awareness about the latest technological innovations along with the need for minimally invasive implant devices key factors accelerating the trauma implants market growth. Additionally, the increasing cases of osteoporosis will also contribute considerably to the growth of the market during the forecast period. For instance, according to the International Osteoporosis Foundation (IOF), approximately 30.5 million people aged above 50 years had osteoporosis in the year 2015.
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To view the original version on The Express Wire visit Trauma Implants Market: 2020 Worldwide Opportunities, Market Share, Key Players and Competitive Landscape