It is anticipated that the external fixators market size would reach a valuation of approximately US$ 1.7 billion by 2022. At an 8.1% CAGR, the market is projected to reach US$ 2.7 billion by 2028.
Because the market for external fixators offers cutting-edge options for bone healing and fracture stabilisation, it is essential to orthopaedic therapy. During the healing process, these externally placed medical devices give broken bones vital support, alignment, and stability. In contemporary orthopaedics, external fixators are now considered essential instruments, serving a variety of purposes from complicated reconstructive procedures to trauma patients.
In recent years, orthopedic treatments have witnessed a paradigm shift from the conventional highly-invasive to minimally-invasive procedures as the latter promises early return-to-motion with negligible infection risks.
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By increasing the device’s convenience and versatility in complex instances, computer-aided external fixators have built upon the strengths of conventional external fixators. According to the FMI analysis on the external fixators market, computer-aided external fixators may become more widely used and grow significantly in the upcoming years.
Manufacturers are putting more of an emphasis on new product releases, mergers, expansion, acquisitions, and deals in the face of the many obstacles facing the external fixators industry. They are also putting forward growth strategies into practice in order to expand the sales of their offerings into new geographic areas.
Manufacturers are giving New Product Development (NPD) strategies top priority in order to strengthen their presence in the Asia Pacific area, which is the hub of opportunities in the external fixators market, according to the FMI external fixators market analysis.
External fixators’ manufacturers are leveraging 3D printing to build patient-focused devices with complex internal structures. Owing to 3D printings’ myriad benefits in the orthopedic industry, such an inclusion is expected to fuel sales of external fixators.
As per the FMI report on external fixators market, moguls in the external fixators market, including the leading four players Stryker Corporation, Smith & Nephew, DePuy Synthesis, and Zimmer, accumulatively hold nearly half the external fixators market share.
The external fixators market represents a highly consolidated landscape, with most of the growth opportunities emerging in North America. However, the report comprehends that a fortified global external fixators market will result in high-priced devices.
Geographically, North America is projected to hold roughly 35% share of external fixators market, however, New Zealand and Australia are anticipated to present most lucrative growth opportunities in Asia Pacific market, followed by Latin America and Middle-East and Africa.
The external fixators’ manufacturers are targeting emerging markets owing to increased procedural awareness, in tandem with sophisticated diagnostics capabilities in these regions, propelled by proliferating demand for affordable and quality healthcare.
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External Fixators Market By Category :
Product Type :
- Manual Fixators
- Computer Aided External Fixator
Application :
- Orthopedic Deformities
- Fracture Fixation
- Infected Fracture or Non-Unions
- Limb Correction
- Others
End User :
- Hospitals
- Ambulatory Surgical Centers
- Orthopedic and Trauma Centers
Region :
- North America
- Latin America
- Eastern Europe
- Western Europe
- Asia Pacific excluding China & Japan
- Japan
- China
- Middle East & Africa
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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