Pelvic Ring Fixation Market

Pelvic Ring Fixation Demand Outlook and CAGR:

According to the latest research by Persistence Market Research, the pelvic ring fixation market is set to witness a growth of 3.1% during the forecast period. Demand for pelvic ring fixation market expects to witness stable recovery in the short-term, with a positive growth outlook in the long run. The progress for the pelvic ring fixation market industry will offer lucrative opportunities in near future.

Pelvic Ring Fixation Market Dynamics and Key Drivers:

The global market for pelvic fixation systems is largely driven by the prevalence of hip and pelvic fractures and the increase in the geriatric population. Consistent with the researchers who followed these observations, the rate of pelvic fractures in patients with multiple injuries varied from 23% to 51%.

In addition, the adoption rate of the pelvic fixation system to support pelvic fractures was clearly observed. There is a summary of the causes of chronic hip pain; hip fractures are more common in elderly patients with osteoporosis.

An overall increase in the number of road traffic accidents and orthopedic injuries resulting from the same are also expected to boost the trauma fixation devices market revenue in the forecast period. For example, in a report published by World Health Organization, on 21st June 2021, road crashes cause the death of around 38,000 people annually in the US.

It also stated that nearly 4.4 million people are injured in road traffic accidents (RTAs) and access emergency assistance. Because of the upsurge of RTAs, there is an increased demand for trauma fixation devices and pelvic ring fixation devices.

Various cost effective treatment options are provided by various government hospitals globally, which are expected to act as an augmenting factor in the growth of this field and create lucrative opportunities for the manufacturers globally.

CurvaFix’s first-in-man Pelvic Fracture Rodscrew:

On November 1st 2019, CurvaFix Inc., a Washington based medical devices manufacturer announced their first-in-man for their novel intramedullary rodscrew pelvic fracture repair. The first patient treated with this device had a high energy lateral compression fracture of the pelvic ring.

Unlike straight screws, CurvaFix rod screws follow the natural curved path of each patient's unique pelvic shape, so rod screws are longer, wider and curved, all of which should improve clamping force. Stronger fixation has the potential to reduce fixation failure, reduce pain, and accelerate patient activity.

U.S. and Canada Pelvic Ring Fixation Regional Outlook:

The increasing prevalence of degenerative bone disease will have a positive impact on the growth of the U.S. and Canada trauma fixation device market. Degenerative bone disease is a common wear and tear disease that can cause joint inflammation and structural damage.

For example, In an article published on 27th February 2020, according to the Centers of Disease Control and Prevention (CDC), a staggering number of more than 50% of American adults 65 years and older suffer from degenerative bone disease.

The CDC also estimates that by 2040, approximately 78 million (26%) American adults 18 years and older will have arthritis diagnosed by a physician. This indicates that a large number of patients will suffer from bone disease. The high prevalence of this disease will increase the demand for these devices in the region.

Europe Pelvic Ring Fixation Regional Outlook:

Due to population growth, changes in lifestyles, and increased consumer and supplier awareness, the pelvic ring fixation devices and trauma fixation devices market in Europe is expected to grow at a fast and steady rate during the forecast period. Economic growth is supporting the healthcare infrastructure in developing countries, enabling more participants to contribute easily and efficiently.

Who are the Key Players in the Pelvic Ring Fixation Industry?

• PelvicBinder Inc
• Lineage Medical Inc
• Auxein Inc.
• DePuy Synthes
• Baumer USA
• Orthopromed
• Narang Medical USA corporation
• Zimmer Biomet
• Orthofix Medical Inc.
• Stryker
• Treu Instrumente
• Alboland
• Excel Medical
• Excel Medical
• SEGUFIX
• TST R. Medical Devices
• SOFEMED International
• Mikai. YiJiABio
• Citieffe.

In July 2018, Citieffe, a medical devices company specializing in trauma care, based out of Italy has recently received FDA clearance as MR Conditional device for their product Dolphin MR conditional which is a temporary external fixation system.

The advantage of using Dolphin MR over other pelvic external fixation devices is that a patient can be safely scanned in a MRI system with a static magnetic field of 1.5 T up to 60 minutes without causing any damage to the device and the patient.

Pelvic Ring Fixation Market Report Highlights:

• Shifting Industry dynamics.
• In-depth market segmentation.
• Historical, current and projected industry size recent industry trends.
• Key Competition landscape.
• Strategies for key players and product offerings.
• Potential and niche segments/regions exhibiting promising growth.
• A neutral perspective towards market performance.
• Must-have information for market players to sustain and enhance their market footprint

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.