(EMAILWIRE.COM, February 21, 2018 ) Spinal trauma devices are used for stabilizing spine injuries. It allows people to walk easily as it reduces the compression in the affected area of the spine thereby reducing pain and stress on the injured part giving body the time it needs to fix itself.The Latin America Spinal Trauma Devices market size was around USD 380 million in 2017. It is expected to grow at a CAGR of 6.1% to reach USD 520 million by 2022. It captures 12% of the global market.

Rapid advancements in technology coupled with their growing awareness in the less developed areas of the world, market demand shift from metallic fixators to bioresorbable implants and finally the ever increasing demand for minimally invasive treatments are expected to fuel the growth of this market in the forecast period.Inadequate insurance schemes and their proper regulation especially in the developing countries is a major restraint of market growth.

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This market is broadly classified by device type into External Fixation Devices and Internal Fixation Devices. Internal fixation devices accounted for the larger market share in 2016 and is expected to stay in the lead till the end of 2022. It is also predicted to grow at a CAGR of nearly 7% in the forecast period. It is further categorized into rods and pins, bone grafts and plate and screws.

On the other hand the external fixation devices market category is anticipated to be growing at a CAGR of nearly 5%. Internal fixation devices are economical and highly efficient which explains the occurrence of above mentioned trend. Along with that they are also highly flexible and more durable and require less number of post-operative follow ups. Usage of external fixation devices can cause swelling. Braces, exoskeletons etc. fall in this category.

Classification by geography entails Brazil, Chile, Argentina and others. It is the second to last in terms of market share. It is expected to grow robustly in the forecast period.

Key players in the market include Stryker Corp., CONMED Corp., Medtronic, Smith & Nephew plc. Other players in the market include NuVasive Inc., DePuy Synthes, Spinal Technology Inc., Arthrex Inc., ReWalk Robotics, Orthofix International NV, and others.

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