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Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

External fixators is a surgical treatment, in which the external fixators are the external stabilizing structure that are used to support the surgical rods that are screwed into the bones. The external fixators are mainly indicated for stabilization of bone and soft tissues, stabilization of infected non-union, arthrodesis, Ligamentotaxis, etc. of the bones. The complications associated with external fixators include damage to the soft-tissue structures and pin-track infection in patients.

The global external fixators market is estimated to be valued at US$ 978.4 million in 2021 and is expected to exhibit a CAGR of 8.2% during the forecast period (2021-2028).

Figure 1. Global External Fixators Market Value (US$ Mn), 2017-2028

External Fixators  | Coherent Market Insights

Rising global prevalence of individuals suffering from bone diseases such as osteoporosis is expected to drive the growth of global external fixators market over the forecast period. According to the International Osteoporosis Foundation report 2020, approximately 75 million individuals are affected by Osteoporosis in Europe, USA, and Japan. 

Moreover, the increasing demand for external fixators has increased due to rising cases of the fractures, this is expected to drive the market growth over the forecast period. According to the International Osteoporosis Foundation report 2020, approximately 8.9 million fracture cases were reported globally in year 2020.

Moreover, according to the same source, the global number of hip fractures is expected to increase by 310% in men and by 240% in women by the year 2050.

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External Fixators Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2021: US$ 978.4 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2021 to 2028
Forecast Period 2021 to 2028 CAGR: 8.2% 2028 Value Projection: US$ 1701.0 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC, Israel, Rest of Middle East
  • Africa: North Africa, Central Africa and South Africa
Segments covered:
  • By Product Type: Manual Fixators, Computer-Assisted Fixators
  • By Fixation Type: Unilateral Fixator [Modular AO Type], Circular Fixators, Hybrid
  • By Indication: Fractures with soft-tissue damage, Polytrauma—damage control surgery, Skeletal infection, Corrective surgery (Limb Correction and Orthopedic Deformities)
  • By End User: Hospitals, Ambulatory Surgical Centers, Orthopedic Clinics
Companies covered:

Johnson & Johnson Services, Inc. (DePuy Synthes), Double Medical Technology Inc., Orthofix Holdings, Inc., Ortho-SUV Ltd., Response Ortho LLC, Smith & Nephew, Stryker Corporation , Zimmer Biomet, Auxein Medical, Acumed, Tasarimmed T?bbi Mamuller San. Tic A.?, Orthopaedic Implant Company (“OIC”), Gexfix SA, WishBone Medical, Inc., and Matrix Meditech

Growth Drivers:
  • High Incidence of the bone fractures globally
  • Rising prevalence of the chronic diseases such as diabetes
  • Increasing number of surgical procedures in the U.S.
  • Increasing number of geriatric population suffering from osteoporosis and other bone diseases
Restraints & Challenges:
  • Risk and complications associated with external fixators

Global External Fixators Market – Impact of Coronavirus (COVID-19)

Following the outbreak of COVID-19 in December 2019, the disease has spread to over 100 countries across the globe and the World Health Organization declared it a public health emergency. According to the World Health Organization’s report, manifestation of coronavirus (COVID-19) has resulted in over 191 million infected individuals worldwide as of July 23, 2021.

The coronavirus (COVID-19) pandemic and resulting lockdown in various countries across the globe have impacted the financial status of major companies in external fixators market. The private healthcare sector is one of the sectors, which has been majorly impacted by the COVID-19 pandemic. The pandemic has negatively impacted the global external fixators market in various aspects such as research and development, production, and supply of devices, and also affected growth of the pharmaceutical businesses of various companies across the globe due to lockdowns implemented by governments of several countries. The nationwide lockdowns have led to closure of industrial establishments, except manufacturing of essential commodities and disruption in supply chain of the raw materials and medical devices such as external fixators for surgical use.

Figure 2. Global External Fixators Market Share (%), By Region, 2021

External Fixators  | Coherent Market Insights

North America region is expected to hold dominant position in the global external fixators market over the forecast period, owing to the increasing number of patients suffering from osteoporosis in the U.S.

According to the Centers for Disease Control and Prevention factsheet 2017, approximately in U.S. 12.6% of adults suffered from osteoporosis of either the femur neck or lumbar spine or both, the report also stated that 43.1% of adults in the U.S suffered from the prevalence of low bone mass.

Moreover, risk associated with external fixators is expected to hamper the growth of global external fixators market over the forecast period. Risks and complications associated with external fixators include pin tract infections (infection when the pin is inserted at a place with greater soft tissue and inadequate pin care), neurovascular injury, muscle fibrosis, tendon rupture, and others. According to the Department of Orthopedic Alazhary University, Khartoum, Sudan report 2020, the pin tract infection rate due to external fixators was approximately 71% in Sudan, while the infection caused due to external fixators was superficial (86.36%) in majority of infection cases involving shanz screws more frequent than smooth wires and located in the metaphysis.

Key Players

Major players operating in the global external fixators market include Johnson & Johnson Services, Inc. (DePuy Synthes), Double Medical Technology Inc., Orthofix Holdings, Inc., Ortho-SUV Ltd., Response Ortho LLC, Smith & Nephew, Stryker Corporation , Zimmer Biomet, Auxein Medical, Acumed, Tasarimmed T?bbi Mamuller San. Tic A.?, Orthopaedic Implant Company (“OIC”), Gexfix SA, WishBone Medical, Inc., and Matrix Meditech

The external fixators are used in surgical procedures to immobilize the bones and to allow the bone fractures to heal. External fixators provide stability to the bones and soft tissues after serious ruptures in the soft tissues or bones. The bone external fixators are used to correct bone misalignment, protect soft tissue after bone injury, and to restore limb length. The external fixators also ensure the ideal compression, extension, or neutralization of bone placement while allowing movement of the nearby joints. They not only aid in setting the bones correctly but also help to minimize muscle atrophy and edema (the buildup of excess fluid) caused by the total immobilization of a limb.

Market Dynamics

The increasing incidence of fractures globally is expected to augment the growth of global external fixator market. According to the U.S. National Library of Medicine report from December 2020, the incidence of fractures were approximately 1,229 fractures per 100,000 individuals in 2020 in the U.S. According to the same source, the incidence of bone fractures depending on the location of the bones is given below:

Fracture

Men: n/100,000

Women: n/100,000

Distal Radius

108.2

292.4

Proximal femur

123.2

237.1

Ankle

100.3

152.5

Proximal humerus

59.2

142.5

Metacarpal

125.6

52.7

Moreover, key players providing reimbursements for the external fixators with various government insurance policies such as Medicare in U.S., is expected to drive the market over the forecast period.

For instance, In 2021, DePuy Synthes, a medical device company stated that their products such as MAXFRAME Multi-Axial Correction System, is reimbursed by the Medicare in United states. The reimbursement for application of uniplanar and external fixation device in hospital outpatients and ambulatory surgical centers is as follows-

CPT CODE

DESCRIPTION

HOSPITAL OUT-PATIENT

AMBULATORY SURGICAL CENTERS

20690

Application of a uniplanar, (pins or wires in one plane) unilateral, external fixation device   

$6,265

$4,194

Key features of the study:

  • This report studies the current scenario as well as the future potential of the global external fixators market. The market for external fixators market is segmented on basis of product type, fixation type, indication, end user and region.
  • This report provides in-depth analysis of the global external fixators market, and provides market size (US$ Mn) and compound annual growth rate (CAGR) (%) for the forecast period (2021-2028)
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market. It provides valuable insights about market drivers, restraints, opportunities, country outlook, and competitive strategies adopted by leading players.
  • It profiles leading players in the global external fixators market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, key developments, and future plans.
  • Insights from this report would allow marketers and management authorities of companies to make informed decisions with respect to future market expansion and marketing tactics
  • The global external fixators market report caters to various stakeholders in this industry, including investors, product developers and manufacturers, distributors, healthcare organizations, research institutes, new entrants, and financial analysts
  • Stakeholders would greatly benefit in decision making through various strategy matrices used in analyzing the global external fixators market

Detailed Segmentation:

  • Global External Fixators Market, By Product Type:
    • Manual Fixators
    • Computer-Assisted Fixators
  • Global External Fixators Market, By Fixation Type :
    • Unilateral Fixator [Modular AO Type]
    • Circular Fixators
    • Hybrid
  • Global External Fixators Market, By Indication :
    • Fractures with soft-tissue damage
    • Polytrauma—damage control surgery
    • Skeletal infection
    • Corrective surgery (Limb Correction, Orthopedic Deformities)
  • Global External Fixators Market, By End User :
    • Hospitals
    • Ambulatory Surgical Centers
    • Orthopedic Clinics
  • Global External Fixators Market, By Region:
    • North America
      • By Product Type:
        • Manual Fixators
        • Computer-Assisted Fixators
      • By Fixation Type:
        • Unilateral Fixator [Modular AO Type]
        • Circular Fixators
        • Hybrid
      • By Indication:
        • Embryo/Egg Banking
        • Fractures with soft-tissue damage
        • Polytrauma—damage control surgery
        • Skeletal infection
        • Corrective surgery (Limb Correction, Orthopedic Deformities)
      • By End User:
        • Hospitals
        • Ambulatory Surgical Centers
        • Orthopedic Clinics
      • By Country:
        • U.S.
        • Canada
    • Latin America
      • By Product Type:
        • Manual Fixators
        • Computer-Assisted Fixators
      • By Fixation Type:
        • Unilateral Fixator [Modular AO Type]
        • Circular Fixators
        • Hybrid
      • By Indication:
        • Fractures with soft-tissue damage
        • Polytrauma—damage control surgery
        • Skeletal infection
        • Corrective surgery (Limb Correction, Orthopedic Deformities)
      • By End User:
        • Hospitals
        • Ambulatory Surgical Centers
        • Orthopedic Clinics
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Product Type:
        • Manual Fixators
        • Computer-Assisted Fixators
      • By Fixation Type:
        • Unilateral Fixator [Modular AO Type]
        • Circular Fixators
        • Hybrid
      • By Indication:
        • Fractures with soft-tissue damage
        • Polytrauma—damage control surgery
        • Skeletal infection
        • Corrective surgery (Limb Correction, Orthopedic Deformities)
      • By End User:
        • Hospitals
        • Ambulatory Surgical Centers
        • Orthopedic Clinics
      • By Country:
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Product Type:
        • Manual Fixators
        • Computer-Assisted Fixators
      • By Fixation Type:
        • Unilateral Fixator [Modular AO Type]
        • Circular Fixators
        • Hybrid
      • By Indication:
        • Fractures with soft-tissue damage
        • Polytrauma—damage control surgery
        • Skeletal infection
        • Corrective surgery (Limb Correction, Orthopedic Deformities)
      • By End User:
        • Hospitals
        • Ambulatory Surgical Centers
        • Orthopedic Clinics
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Product Type:
        • Manual Fixators
        • Computer-Assisted Fixators
      • By Fixation Type:
        • Unilateral Fixator [Modular AO Type]
        • Circular Fixators
        • Hybrid
      • By Indication:
        • Fractures with soft-tissue damage
        • Polytrauma—damage control surgery
        • Skeletal infection
        • Corrective surgery (Limb Correction, Orthopedic Deformities)
      • By End User:
        • Hospitals
        • Ambulatory Surgical Centers
        • Orthopedic Clinics
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Product Type:
        • Manual Fixators
        • Computer-Assisted Fixators
      • By Fixation Type:
        • Unilateral Fixator [Modular AO Type]
        • Circular Fixators
        • Hybrid
      • By Indication:
        • Fractures with soft-tissue damage
        • Polytrauma—damage control surgery
        • Skeletal infection
        • Corrective surgery (Limb Correction, Orthopedic Deformities)
      • By End User:
        • Hospitals
        • Ambulatory Surgical Centers
        • Orthopedic Clinics
      • By Country:
        • North Africa
        • Central Africa
        • South Africa
  • Company Profiles
    • Johnson & Johnson Services, Inc. (DePuy Synthes).*
      • Company Overview
      • Material Portfolio
      • Financial Performance
      • Key Highlights
      • Market Strategies
    • Double Medical Technology Inc.
    • Orthofix Holdings, Inc.
    • Ortho-SUV Ltd.
    • Response Ortho LLC
    • Smith & Nephew
    • Stryker Corporation
    • Zimmer Biomet
    • Auxein Medical
    • Acumed
    • Tasarimmed Tıbbi Mamuller San. Tic A.Ş
    • Orthopaedic Implant Company (“OIC”)
    • Gexfix SA
    • WishBone Medical, Inc.
    • Matrix Meditech

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snapshot, By Product Type
      • Market Snapshot, By Fixation Type
      • Market Snapshot, By Indication
      • Market Snapshot, By End User
      • Market Snippet, By Region
      • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Drivers
    • Restraints
    • Opportunities
    • Impact Analysis
    • Key Developments
    • Regulatory Scenario
    • PEST Analysis
    • Value Chain Analysis.
    • Product Launches
    • PEST Analysis
    • PORTERS Analysis
  4. Global External Fixators Market, Impact of COVID-19 Pandemic
    • COVID19 Epidemiology
    • Government Initiatives
    • Supply and Demand Analysis
  5. Global External Fixators Market, By Product Type, 2017-2028 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2021 and 2028 (%)
      • Y-o-Y Growth Analysis, 2018–2028
      • Segment Trends
        • Manual Fixators
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2017–2028, (US$ Mn)
        • Computer-Assisted Fixators
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2017–2028, (US$ Mn)
  6. Global External Fixators Market, By Fixation Type, 2017–2028 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2021 and 2028 (%)
      • Y-o-Y Growth Analysis, 2018–2028
      • Segment Trends
        • Unilateral Fixator [Modular AO Type]
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2017–2028, (US$ Mn)
        • Circular Fixators
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2017–2028, (US$ Mn)
        • Hybrid
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2017–2028, (US$ Mn)
  7. Global External Fixators Market, By Indication Type, 2017–2028 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2021 and 2028 (%)
      • Y-o-Y Growth Analysis, 2018–2028
      • Segment Trends
        • Fractures with soft-tissue damage
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2017–2028, (US$ Mn)
        • Polytrauma—damage control surgery
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2017–2028, (US$ Mn)
        • Skeletal infection
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2017–2028, (US$ Mn)
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2017–2028, (US$ Mn)
        • Corrective surgery (Limb Correction and Orthopedic Deformities)
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2017–2028, (US$ Mn)
  8. Global External Fixators Market, By End User, 2017–2028 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2021 and 2028 (%)
      • Y-o-Y Growth Analysis, 2018–2028
    • Segment Trends
      • Hospitals
        • Introduction
        • Market Size and Forecast, and Y-o-Y Growth, 2017–2028, (US$ Mn)
      • Ambulatory Surgical Centers
        • Introduction
        • Market Size and Forecast, and Y-o-Y Growth, 2017–2028, (US$ Mn)
      • Orthopedic Clinics
        • Introduction
        • Market Size and Forecast, and Y-o-Y Growth, 2017–2028, (US$ Mn)
  9. Global External Fixators Market, By Region, 2017–2028 (US$ Mn)
    • Introduction
      • Market Share Analysis, By Country, 2021 and 2028 (%)
      • Y-o-Y Growth Analysis, For Countries, 2018–2028
    • North America
      • Introduction
      • Market Size and Forecast, By Product Type, 2017–2028 (US$ Mn)
      • Market Size and Forecast, By Fixation Type, 2017–2028 (US$ Mn)
      • Market Size and Forecast, By Indication, 2017–2028 (US$ Mn)
      • Market Size and Forecast, By End User, 2017–2028 (US$ Mn)
      • Market Size and Forecast, By Country, 2017–2028 (US$ Mn)
        • U.S.
        • Canada
    • Latin America
      • Introduction
      • Market Size and Forecast, By Product Type, 2017–2028 (US$ Mn)
      • Market Size and Forecast, By Fixation Type, 2017–2028 (US$ Mn)
      • Market Size and Forecast, By Indication, 2017–2028 (US$ Mn)
      • Market Size and Forecast, By End User, 2017–2028 (US$ Mn)
      • Market Size and Forecast, By Country, 2017–2028 (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • Introduction
      • Market Size and Forecast, By Product Type, 2017–2028 (US$ Mn)
      • Market Size and Forecast, By Fixation Type, 2017–2028 (US$ Mn)
      • Market Size and Forecast, By Indication, 2017–2028 (US$ Mn)
      • Market Size and Forecast, By End User, 2017–2028 (US$ Mn)
      • Market Size and Forecast, By Country, 2017–2028 (US$ Mn)
        • Germany
        • U.K.
        • France       
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Introduction
      • Market Size and Forecast, By Product Type, 2017–2028 (US$ Mn)
      • Market Size and Forecast, By Fixation Type, 2017–2028 (US$ Mn)
      • Market Size and Forecast, By Indication, 2017–2028 (US$ Mn)
      • Market Size and Forecast, By End User, 2017–2028 (US$ Mn)
      • Market Size and Forecast, By Country, 2017–2028 (US$ Mn)
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • Introduction
      • Market Size and Forecast, By Product Type, 2017–2028 (US$ Mn)
      • Market Size and Forecast, By Fixation Type, 2017–2028 (US$ Mn)
      • Market Size and Forecast, By Indication, 2017–2028 (US$ Mn)
      • Market Size and Forecast, By End User, 2017–2028 (US$ Mn)
      • Market Size and Forecast, By Country, 2017–2028 (US$ Mn)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Introduction
      • Market Size and Forecast, By Product Type, 2017–2028 (US$ Mn)
      • Market Size and Forecast, By Fixation Type, 2017–2028 (US$ Mn)
      • Market Size and Forecast, By Indication, 2017–2028 (US$ Mn)
      • Market Size and Forecast, By End User, 2017–2028 (US$ Mn)
      • Market Size and Forecast, By Country, 2017–2028 (US$ Mn)
        • South Africa
        • Central Africa
        • North Africa
  10. Competitive Landscape
    • Company Profiles
      • Johnson & Johnson Services, Inc. (DePuy Synthes).
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Double Medical Technology Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Orthofix Holdings, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Ortho-SUV Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Response Ortho LLC
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Smith & Nephew
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Stryker Corporation
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Zimmer Biomet
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Auxein Medical
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Acumed
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Tasarimmed Tıbbi Mamuller San. Tic A.Ş
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Orthopaedic Implant Company (“OIC”)
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Gexfix SA
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • WishBone Medical, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Matrix Meditech
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies

*Browse 32 market data tables and 31 figures on " External Fixators Market – Global forecast to 2028”.

FAQgrowicon

Frequently Asked Questions

The global external fixators market size is estimated to be valued at US$ 978.4 million in 2021 and is expected to exhibit a CAGR of 8.2% between 2021 and 2028.
High Incidence of bone fracture cases globally and the rising prevalence of the chronic diseases such as diabetes are expected to drive growth of the market.
Computer-assisted fixators segment is estimated to hold major market share in the fixators market during the forecast period, owing to key players focusing on the product launches.
Circular fixators segment is estimated to hold major market share in the market during the forecast period, owing to the increasing number of patients suffering from bone fractures globally.
Fractures with soft-tissue damage segment is estimated to hold major market share in the global market during the forecast period, owing to the increasing number of patients suffering from fractures with soft-tissue damage.
Orthopedic Clinics segment is estimated to hold major market share in the global external fixators market during the forecast period, owing to the increasing number of orthopedics clinics across the globe.
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