Europe Markets for Orthopedic Trauma Devices 2015 (Forecasted to 2021) – MedSuite
- Year: 2015
- Scope: 2011-2021
- Region: Europe
- Published Date: 04/01/2015
- Pages: 379
- Type: MedSuite
The European orthopedic trauma device market includes segments for plates and screws, cannulated screws, intramedullary nails, hip intramedullary nails, compression hip screws and external fixation devices.
All segments in this market declined in 2014 due largely to the continued rise in public tendering. However, over the forecast period, prices drops will lessen. Stable, positive unit sales growth for nearly all segments of the European trauma market will help resist market declines. Intramedullary nail unit sales are projected to grow; surgeons continue to adopt their use in long bone fracture repair due to their ease-of-use and less invasive nature compared to plates and screws.
In recent years much of Europe has dealt with, and continues to deal with, large amounts of national debt. Austerity measures decreased medical device prices significantly and price decreases continue throughout the continent due largely to tender systems. Unit sales growth, however, remains positive due to the non-elective nature of the trauma market and growing and aging populations. Resurgence in market growth had been expected as ASP declines lessened following economic recovery. However, pushback on prices from tenders and group purchasing organizations have maintained consistent ASP drops for all trauma markets in Europe. Dropping ASPs for all segments will result in a -0.8% market value CAGR over the forecast period.
Our reports follow an in-depth 9-step methodology which focuses on the following research systems:
- Original primary research that consists of the most up-to-date market data
- Strong foundation of quantitative and qualitative research
- Focused on the needs and strategic challenges of the industry participants
Step 1: Project Initiation & Team Selection During this preliminary investigation, all staff members involved in the industry discusses the topic in detail.
Step 2: Prepare Data Systems and Perform Secondary Research The first task of the research team is to prepare for the data collection process: Filing systems and relational databases are developed as needed.
Step 3: Preparation for Interviews & Questionnaire Design The core of all iData research reports is primary market research. Interviews with industry insiders represent the single most reliable way to obtain accurate, current data about market conditions, trends, threats and opportunities.
Step 4: Performing Primary Research At this stage, interviews are performed using contacts and information acquired in the secondary research phase.
Step 5: Research Analysis: Establishing Baseline Estimates Following the completion of the primary research phase, the collected information must be synthesized into an accurate view of the market status. The most important question is the current state of the market.
Step 6: Market Forecast and Analysis iData Research uses a proprietary method to combine statistical data and opinions of industry experts to forecast future market values.
Step 7: Identify Strategic Opportunities iData analysts identify in broad terms why some companies are gaining or losing share within a given market segment.
Step 8: Final Review and Market Release An integral part of the iData research methodology is a built-in philosophy of quality control and continuing improvement is integral to the iData philosophy.
Step 9: Customer Feedback and Market Monitoring iData philosophy of continuous improvement requires that reports and consulting projects be monitored after release for customer feedback and market accuracy.