207 Users Online
External Fixators Market Segmented By Manual Fixator, Computer-Aided External Fixator Product for Orthopedic Deformities, Fracture Fixation, Infected Fracture or Non-Unions, Limb Correction in Hospitals, Ambulatory Surgical Centers, Orthopedic and Trauma Centers
The orthopaedic trauma devices, such as external fixators, are primarily designed to treat bone fractures and orthopaedic disorders. External fixators reduce the treatment time and require less surgical intervention. In the recent years, computer-aided external fixators are majorly used for fracture fixation and deformity correction. Computer-aided external fixators can work with or without computer-aided solution software.
The computer-aided external fixator is a six-axis external fixator with multi-planer corrections, improved accuracy, and decreased complications. In external fixation, pins are usually inserted through the skin into the bone and held in a place by an external frame. External fixators are majorly used in superficial bones (e.g., the tibial shaft). External fixators are available in various forms such as unilateral fixators, circular fixators, and hybrid fixators. These different types of external fixators are majorly used to treat applications such as orthopaedic deformities, fracture fixation, infected fracture or non-unions, and limb correction.
The report classifies the global external fixators market by product type, end-user, and regions. The report provides market size and forecast for external fixators inclusive of both types of external fixators. The report analyses the demand for external fixators form hospitals, orthopaedic and trauma centres and the other end-users.
FREE Report Sample is Available
In-depth report coverage is now just a few seconds away
Get FREE Report Sample
In terms of revenue, the global external fixators market is projected to expand at 8.5% CAGR over the forecast period of 2018–2028. The external fixators market is expected to be valued at US$ 3,126.5 Mn by 2028 end.
The introduction of technologically advanced and new innovative external fixators are expected to boost the growth of the global external fixators market over the forecast period. By country, the U.S. is expected to dominate the North America external fixators market with a lucrative growth over the forecast period.
Make This Report Your Own
Take Advantage of Intelligence Tailored to your Business Objective
Get a Customized VersionIncreasing number of road accidents and sports-related injuries is the prime factor expected to drive the growth of the external fixators market over the forecast period. Besides, the increasing demand for technologically advanced computer-aided external fixators for better treatment is also projected to drive the growth of the external fixators market over the forecast period.
Likewise, favourable reimbursement policies for treatment with computer-aided external fixator in developing countries is the other factor expected to boost the growth of the global external fixators market over the forecast period. In addition, growing adoption and demand for external fixators, coupled with socio-economic factors such as increasing orthopaedic disorders are driving the growth of the external fixators market globally. Public–private partnerships to provide low-cost external fixators in lower-middle-income countries is also expected to propel the growth of the external fixators market.
However, availability of alternative treatment options, lack of skilled orthopaedic surgeons and increasing risk of surgical-site infection in orthopaedic deformity surgeries are factors expected to restrain the growth of the external fixators market over the forecast period.
It is estimated that surgical site infections account for over US$ 3 billion in the healthcare costs per year, with more than 150,000 new cases occurring annually in the U.S. The risk of developing surgical site infections varies greatly, with orthopaedic trauma demonstrating higher rate of surgical site infections than many other surgical specialties.
Geographically, the global external fixators market is segmented into eight major regions viz. North America, Latin America, Western Europe, Eastern Europe, APECJ (Asia-Pacific excluding China and Japan), China, Japan and the Middle East & Africa (MEA). In terms of value, North America was the dominant regional market for external fixators in 2017 and is expected to grow at a high CAGR of 6.5% over the forecast period of 2018–2028.
Asia Pacific is expected to contribute significant revenue share in the global external fixators market over the forecast period. However, Western Europe is expected to witness gradual growth in the global market for external fixators.
Sales Team
Client Partner
Examples of some of the key players identified in the global external fixators market are Johnson & Johnson Services, Inc. (DePuy Synthes Inc.), Stryker Corporation, Zimmer Biomet Holdings, Inc., Smith & Nephew plc, Orthofix International N.V., Ortho-SUV Ltd., Response Ortho LLC, and Tasar?mmed T?bbi Mamüller San. Tic. Ltd. ?ti, among others.
Manufacturers are focusing on research and development activities to develop technologically advanced external fixators. Ortho-SUV Ltd. has collaborated with S. H. Pitkar Orthotools Pvt Ltd for the innovation of computer-assisted new generation external fixation device – Ortho-SUV Frame. Through this collaboration, both the companies have increased their presence in the global external fixators market.
| Attribute | Details |
|---|---|
| Regions Covered |
|
| Product Types |
|
| Application Covered |
|
| End Users |
|
