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Description
Trauma Fixation Devices Market was valued US $6.3 billion in 2020 and projected to reach US $ 9.41 billion by 2027 at a CAGR of 5.9% during the forecast period 2021-2027. Trauma is the condition characterized by damage or injury to the biological organ caused by physical harm from an external source. Trauma fixation devices are used in the treatment of internal injuries like fractures, bruises, dislocations and external cuts and burns. Trauma fixation devices are classified into internal fixation devices and external fixation devices. Internal fixation devices are implanted inside the body for stabilization of dislocations and fractures whereas, external fixation devices are used to temporary fix the fractures and provide support to the affected bone in case of severe soft tissue damage, open fractures, and burn injuries. In October 2017, DePuy Synthes launched Maxiframe, a 3D simulation assisted orthopedic external circular fixation device for the patients with limb deformity. In certain nations, for example, Brazil, Import duties for medical care items range from 0% to 16%, contingent upon the presence of homegrown contenders. In addition, merchants might have to pay charge on industrial items, PIS and COFINS (social commitments), also tax on the Circulation of Goods and Services exacted by the states. This may go about as a block for some trauma fixation devices organizations companies to acquire their items which hinders growth of Trauma Fixation Devices Market.
