The United States market for orthopedic trauma is expected to reach $8 billion by 2020, according to a new iData Research report.
Here are five takeaways from the report:
1. DePuy Synthes and Stryker are expected to lead the market over the next six years. Plate and screw sales will drive growth. DePuy Synthes leads the market due to strength of its internal fixation products — particularly it’s plates and screws. Stryker’s dominant presence in the plate and screw market, coupled with sales of the VariAx distal radius locking plate system, keeps the company leading in trauma.
There has been a wave of consolidation in the healthcare industry as of late and these companies could be growing. For a time, Stryker showed interest in purchasing Smith & Nephew but backed down earlier this month when Medtronic expressed interest. As a subsidiary of Johnson & Johnson, DePuy Synthes remains strong in the market and could continue to grow in the future.
2. Expect increasing unit sales in the hybrid and locking plate and screw markets. The intramedullary nail market is also expected to grow quickly because it is gaining popularity among surgeons to use in many different anatomies.
A 2013 global orthopedic trauma market report from Research and Markets also mentioned the increased locking and hybrid plate use as a trend around the world. Locking plates provide greater stabilization and reduce plate compression of the bone. “The versatility and applicability of locking and hybrid plates is an emerging trend expected to increase demand for orthopedic trauma devices,” concluded the report.