By 2032, the market for trauma care centers is anticipated to be worth USD 28.58 billion. Between 2022 and 2032, it is anticipated to grow at a CAGR of 7.50%. The market for trauma care centers is valued to be worth USD 13.87 billion in 2022.
The trauma care centers market is predicted to be fueled by factors like the increase in trauma cases and the rising demand for trauma care services among the pediatric and geriatric populations. The expansion of trauma care facilities is anticipated to spur trauma care centers market expansion during the forecast period.
The number of standalone and hospital-owned trauma care centers has gradually increased as a result of rising rates of accidents and slips, falls, and rising demand for trauma care centers. Many reputable hospitals have specialized trauma care units that offer emergency medical care to patients who have suffered burns, car accidents, and other types of injuries.
The lack of qualified professionals and allergies related to the implantation of trauma care products, such as swelling, rashes, and irritation, pose significant obstacles to the expansion of the global trauma care centers market. As the adoption of trauma care centers in the treatment of injuries is complex, it calls for highly qualified professionals and experts. The global trauma care centers market’s expansion is hampered by a lack of such skilled workers.
Key Companies Profiled
- Acumed LLC
- Advanced Orthopaedic Solutions
- Bioretec Ltd.
- Cardinal Health, Inc.
- DePuy Synthes
- Integra LifeSciences Holdings Corporation
- Smith & Nephew PLC
- Stryker Corporation
- Wright Medical Group NV
- Zimmer Biomet Holdings, Inc
- With a revenue share of over 70.03%, the in-house segment controlled the trauma care centers market.
- Over the forecast period, the segment for standalone facilities is anticipated to grow significantly.
- With a revenue share of over 40.05%, the falls segment dominated the trauma care centers market.
- The outpatient segment’s revenue share was over 60.2% which was the highest.
- Over the forecast period, it is anticipated that the inpatient segment will grow the fastest.
- With a revenue share of more than 55.06%, North America dominated the trauma care centers market.
- Throughout the forecast period, Europe is anticipated to hold a sizable portion of the trauma care centers market.
- The two emerging economies in the Asia Pacific region, China and India, have experienced rapid economic growth and rising healthcare spending. In these nations, increasing disposable income is anticipated to result in an increase in the demand for trauma care centers over the next few years.
Some of the major players in the trauma care centers market are attempting to acquire smaller businesses and invest in R&D activities to obtain technologically advanced devices in order to enlarge and strengthen their geographic reach.
Rising outpatient surgical procedure demand and rising funding for the provision of top-notch trauma treatment are expected to create a lucrative pool of opportunities for the top group of businesses in the trauma care centers market.
With numerous small and large players, there is a high level of competition in the market for trauma care centers. DePuy Synthes, Zimmer Biomet Holding Inc., Accumed LLC, B. Braun Melsungen AG, Citieffe S.R.L., Double Medical Inc., Medtronic plc, Wright Medical Group N.V., Orthofix Holdings Inc., Integra LifeSciences Corporation, Conmed Corporation, Cardinal Health, Arthrex Inc., Smith & Nephew, and Stryker are a few of the major companies in the world market for trauma care centers.
“Trauma Care Training Initiatives by WHO Supporting Sales of Trauma Devices”
- Injuries are a serious health issue. The World Health Organization (WHO) estimates that 4.4 million people worldwide lose their lives due to injuries each year, which accounts for close to 8% of all fatalities. These injuries can be accidental or caused by violence.
The availability of more Essential Trauma Care (EsTC) facilities and a range of injury prevention initiatives are encouraging low-cost advancements in facility-based trauma care.
Global opportunities in the trauma devices market are created by the establishment of reasonable and accessible standards for the treatment of injuries. The World Health Organization (WHO) offers emergency and trauma care training courses that enhance the number of specialists engaged in the management and fixation of trauma devices.