Singapore, Jan 15, 2008: The US trauma device market exceed $3.6 billion in 2012. This market will grow at a compound annual growth rate of almost 10% from 2008 to 2012 due to the popularity of innovative, premium-priced devices such as locking and anatomical plating systems. Increased sales of these devices will be fueled by rising average selling prices (ASP) and growing adoption rates says a report on US Markets for Trauma Devices 2008 by Millennium Research Group.
Surgeon adoption of locking plate and screw systems is rising because these devices ensure fracture stabilization without creating excess pressure on the bone, a characteristic that is particularly beneficial when dealing with osteoporotic bone. Similarly, given that anatomically shaped plates lead to higher success rates in complex fracture cases such as very proximal and very distal fractures, adoption of these devices will also increase.
Because locking plate and screw systems and anatomically shaped plates command higher prices than other devices in this market, increased adoption of both will grow ASPs. For example, the ASP of a locking plate system is typically two to three times more than that of a standard plating system.
“The increased interest in minimally invasive procedures will also boost growth. With the hip fixation segment in particular, demand for intramedullary nails that allow for percutaneous placement is coming at the expense of relatively lower-priced conventional hip screws. The expansion of the US elderly population, a demographic more prone to fractures and osteoporosis, will also drive growth in all trauma device segments,” says Ms Andrea Cheng, Analyst at Millennium Research Group.”
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