External fixators market

External Fixators Market, by Product Type (Manual Fixators and Computer-Assisted Fixators), by Fixation Type (Unilateral Fixator [Modular AO Type], Circular Fixators, and Hybrid), by Indication (Fractures with soft-tissue damage, Polytrauma—damage control surgery, Skeletal infection, and Corrective surgery (Limb Correction and Orthopedic Deformities)), by End User (Hospitals, Ambulatory Surgical Centers, and Orthopedic Clinics), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028

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Aug 2021
CMI4589
200 Pages
Excel & Pdf
Medical Devices

Summary

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

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.

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

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

Table of Content

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

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- Frequently Asked Questions -

What is the current market size and compound annual growth rate (CAGR) of the market during the forecast period (2021-2028)?

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.

What are the major drivers for growth of the market?

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.

Which is the leading product type segment in 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.

Which is the leading fixation type segment in the market?

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.

Which is the leading indication segment in the market?

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.

Which is the leading end user segment in the market?

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.