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External Fixators Market By Product (Unilateral & Modular External Fixators, Circular & Modular External Fixators), By Application (Orthopedic Deformities, Fracture Fixation, Limb Correction, Others) - Growth, Future Prospects & Competitive Analysis, 2018 – 2026

"External Fixators Market to Exhibit Healthy Growth during the Forecast Period between 2018 & 2026"

The global external fixators market accounted for a value of US$ 724.6 Mn in 2017 and expected to attain US$ 1,653.0 Mn by 2026. Growth drivers of the market are globally surge in the number of road accidents & sports-related injuries, growing elderly population base along with rising incidence of limb deformities, introduction of technologically advanced external fixators, and increasing preference for minimally invasive surgeries (MISs). Worldwide surge in the number of road accidents and sports-related injuries causing bone & joint injuries is propelling the demand for external fixators. According to the World Health Organization (WHO), around 1.25 Mn individuals die every year in road accidents across the globe. As per the research data published by American Orthopaedic Society for Sports Medicine (AOSSM), every year, more than 3.5 Mn athletes receive medical treatments caused by sports injuries. Additionally, nearly 30.0 Mn children and adolescents participate in youth sports in the U.S. annually. This rise in sports activities increases the risks of injury incidents in athletes that fuels the demand for external fixators.

Market Synopsis

External Fixators Market

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"The Circular & Modular External Fixators Segment is expected to continue the Dominance over the Forecast Period Between 2018 & 2026"

Circular fixators such as Ilizarov and TAYLOR SPATIAL FRAME (TSF) are versatile fixators consisting of several rings or arches connected to each other by connecting rods and are fixed to the bones with the help of tensioned wires. The modular external fixators enable the surgeon to minimize the fracture by manipulation. The circular & modular external fixators segment dominated the market in 2017 as it is a stable construct and allows accurate and complete 3D correction of bony deformities, majorly in open fracture procedures. In addition, circular fixators is an incision-free or minimally invasive technique that causes minimal lesser infections, tissue trauma, and hemorrhage; and soft tissue damage, thereby supporting the dominance.

External Fixators Market

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"The Fracture Fixation Segment is expected to Register Comparatively Higher CAGR during the Forecast Period"

The fracture fixation segment would witness promising sales forecast during the forecast period attributed to rising application of external fixators in open & closed fracture procedures such as a tibia fracture and unstable radius fracture respectively. These devices are used to stabilize the fractured/broken bones till full recovery or healing.

External Fixators Market

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"North America to Hold Supremacy due to the Presence of Supportive Healthcare Infrastructure and Key Market Players Headquartered"

North America would continue to grab the lion’s share of market throughout the forecast period owing to the presence of major market contributors & well-established healthcare infrastructure, supportive reimbursement & coverage for orthopedic surgical procedures, and a surge in the number of road accidents and sports-related injuries in the U.S. and Canada. Conversely, Asia Pacific would exhibit the fastest market growth throughout the forecast period due to growing awareness about orthopedic surgeries coupled with increasing demand for quality & affordable healthcare. Moreover, the existence of sophisticated diagnostics capabilities in China, India, Japan, and Australia; and rising prevalence of osteoporosis in Australia and New Zealand is expected to facilitate the adoption of external fixators. Osteoporosis Australia stated that currently, osteoporosis disease affected more than 1.0 Mn Australians; while according to the Burden of Osteoporosis in New Zealand (BONZ) report, a number of fractures caused due to osteoporosis at all sites in the skeleton were 84,000 cases in 2007 is projected to reach 116,000 by 2020 in the country.

External Fixators Market

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"The Presence of Multinational Market Players Makes Market Penetration Challenging for New Entrants"

Key participants in this vertical are Stryker Corporation; DePuy Synthes (Johnson & Johnson Services, Inc.); Smith & Nephew plc; Medtronic Kanghui Orthopedics (Medtronic plc); DJO Global, Inc.; Zimmer Biomet Holdings, Inc.; Orthofix International N.V.; Response Ortho LLC; Wright Medical Group N.V.; and Integra LifeSciences Corporation. Various growth strategies implemented by these companies are new product launches, collaborations & partnerships, operational & geographical expansion, divestitures, and mergers & acquisitions. In October 2017, DePuy Synthes, a Johnson & Johnson Services, Inc. company launched the first 3D simulation assisted orthopedic external circular fixation device namely MAXFRAME Multi-Axial Correction System. This device is used to progressively correct bone & soft tissue deformities in the leg, arm, and foot or ankle in order to improve the accuracy of deformity correction with procedural efficiency, thereby curtailing overall treatment duration and reducing costs. Additionally, the Orthopaedic Implant Company (OIC) launched the OIC External Fixation System in the meeting hall of Vancouver Convention Center (Canada), at the 2017 Annual Meeting of the Orthopaedic Trauma Association (OTA). In 2011, Zimmer Holdings, Inc. acquired ExtraOrtho, Inc., a Memphis-based medical device firm, to build a wide-ranging portfolio of external & internal fixation devices. On the contrary, external fixators are anticipated to be highly competitively priced in the near future due to the emergence of new market entrants and innovative products’ launches.

External Fixators Market

Historical & Forecast Period

This study report represents analysis for each segment from 2016 to 2026 considering 2017 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2018 to 2026.

Report Scope by Segments

External fixators market focuses on the qualitative & quantitative analysis of current market dynamics. The report encompasses all-inclusive information on the global external fixators market by segmenting the market on the basis of product, application, and geography. This report will comprehend the industry investors & associations, medical device industry players, venture capitalists, suppliers & distributors of the medical devices, research & consulting firms, healthcare professionals (HCPs), and research & academic institutes in decision-making and strategizing the market position.

ATTRIBUTE DETAILS
Research Period  2016-2026
Base Year 2017
Forecast Period  2018-2026
Historical Year  2016
Unit  USD Million
Segmentation

 Product Segment (2016–2026; US$ Mn)
 • Unilateral & Modular External Fixators
 • Circular & Modular External Fixators

 Application Segment (2016–2026; US$ Mn)
 • Orthopedic Deformities
 • Fracture Fixation
 • Limb Correction
 • Others (anterior cruciate ligament and meniscus injury)

 Geography Segment (2016–2026; US$ Mn)
 • North America (United States and Canada)
 • Europe (U.K., Germany, Rest of Europe)
 • Asia Pacific (China, Japan, Rest of Asia Pacific)
 • Latin America (Brazil, Mexico, Rest of Latin America)
 • Middle East and Africa (GCC, Rest of MEA)

The current report also covers qualitative & quantitative analysis of market variables such as key market drivers, restraints, opportunities, and trends which convey comprehensive market information of the overall external fixators. In addition, the report also embraces a graphical illustration of the competitive landscape based on their market initiatives & strategies, product portfolio, financial information, and key developments. Major market players profiled in this study report are Stryker Corporation; DePuy Synthes (Johnson & Johnson Services, Inc.); Smith & Nephew plc; Medtronic Kanghui Orthopedics (Medtronic plc); DJO Global, Inc.; Zimmer Biomet Holdings, Inc.; Orthofix International N.V.; Response Ortho LLC; Wright Medical Group N.V.; and Integra LifeSciences Corporation.

Key questions answered in this report

  • What are the current market trends and dynamics in the external fixators market and valuable opportunities for emerging players?
  • Which product contributes to the maximum market share?
  • Which product accounts for the fastest CAGR during the forecast period?
  • Which application holds the highest market share?
  • Which application would register comparatively higher CAGR over the forecast period?
  • What is the impact of high cost external fixators on the market?
  • Are low and middle-income economies investing in the external fixators market?
  • What is the market trend and dynamics in emerging markets such as Latin America and Middle East & Africa?
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Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
Trusted By
Godaddy
Published Date:  Sep 2018
Category:  Medical Devices
Report ID:   59346
Report Format:   PDF
Pages:   120
Rating:    4.4 (69)
Delivery Time: 24 Hours to 48 Hours   
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