According to WHO, nearly 1.35 million people lose their lives as a result of road crashes and between 20 to 50 million people suffer fatal injuries, where several injuries lead to disability. The prevalence of traumatic injuries around the world, more of which result in severe damage to the body’s musculoskeletal system resulting in loss of function has created the demand for expert assistance. Orthopedic trauma devices are a significant element in the surgical treatment of traumatic orthopedic injuries.
With the increasing incidents of road accidents and severe fractures, the demand for orthopedic trauma devices is expected to rise predominantly. In addition, the increasing prevalence of osteoarthritis and rheumatoid arthritis are more likely to influence the demand for orthopedic trauma devices.
3D Printing Advancements to Reinforce Orthopedic Trauma Devices Demand
Technological advancements are greatly benefitting various sectors, with the increasing consumer preference shift toward easy accessibility, convenience, and improved productivity enabled by the integration of technology. The healthcare sector has also gained major advantages with improved patient care and better treatment management owing to the incorporation of technology.
Cutting-edge technologies such as the 3D printing are amongst the most effective development that boosts the capabilities of healthcare offerings. The manufacturers of orthopedic trauma devices are incorporating 3d printing technology for creating implants that are trending in recent times. Manufacturers of orthopedic trauma devices are seeking regulatory approvals to further commercialize the 3D printed orthopedic trauma devices.
Additive Orthopaedics, for instance, who is a well-known manufacturer of orthopedic trauma devices, recently gained approval from the FDA for its 3D printed locking lattice plates that are designed in patient-specific fashion. With this clearance, the company can now utilize the 3D printed plate for the stabilization, alignment, and fusion of fractures, along with arthrodesis and osteotomies of small bones such as those in ankle and foot.
The incorporation of 3D printed technology for manufacturing patient-specific orthopedic trauma devices is expected to provide improved outcomes in the near future, owing to which 3D printing technology acts as a major growth driver for the orthopedic trauma devices ecosystem.
New products introduced in the orthopedic trauma devices space reflect the potential held by the future, as leading manufacturers of orthopedic trauma devices are gaining traction by expanding their product portfolio with innovative orthopedic trauma devices.
- A recognized musculoskeletal solutions provider, Globus Medical, Inc. expanded its portfolio of orthopedic trauma devices with the addition of two new products including the ANTHEM® Proximal Humerus Fracture System and the ANTHEM® Ankle Fracture System. The new products are introduced with an aim to design systems that assist in increasing versatility, streamlining procedures, improving patient care and minimizing the operative time.
- A medical device company Panther Orthopedics, Inc. recently unveiled its FDA-approved innovative flexible fixation device, the PUMA System for clinical use, which is a novel approach for the syndesmotic fixation, offering stable fixation with no post-operative loss of fixation. The PUMA System is a revolutionary advancement in treating orthopedic injuries, which provides the advantages of flexible fixation devices and screws without the drawbacks they hold.
Recent Clinical Trial to Reflect Future Scope in Hip Fracture Fixation
Hip fracture treatment in elderly patients remains a major public health priority. Hip injuries are often treated with the help of surgery. The factors such as pre-existing arthritis, osteoporosis, age, overall health, and level of activity contribute to the type of surgical fixation performed. Addressing the socio-economic concern of treating hip fractures in elderly patients, a leading medical device company, X-Bolt Orthopaedics designed its X-BOLT innovative hip fracture device.
Granted an approval by FDA for marketing the product in the United States, the device is designed to redefine the conventional surgical treatment and reduce the rate of re-operation. The company announced the completion of the year-long follow-up of the 1000th patient included in the multi-center randomized controlled trial that compared the extracapsular hip fracture fixation devices. It is claimed to be the largest clinical trial in hip fracture fixation. Such developments are expected to further drive the orthopedic trauma devices landscape towards a potential future.
The ongoing technological advancements coupled with burgeoning research activities are together, expected to strengthen the future potential staged by the orthopedic trauma devices landscape. A sample of the market study on the orthopedic trauma devices market shines light on such future opportunities.