External Fixators Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The External Fixators market is segmented by Product Type (Manual Fixators, Computer-Aided Fixators), Fixation Type, Application, End-User, and Geography.

Market Snapshot

EFX
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 5.4 %

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Market Overview

The External Fixators market studied is anticipated to grow with a CAGR of nearly 5.4%, during the forecast period. Certain factors that are driving the market growth include surging road accidents, sports-related and other injuries, and rising preference for minimally invasive surgeries.

According to the World Health Organization, 2020, more than 1.25 million people die every year as a result of road traffic crashes and accidents. Road traffic injuries are the leading cause of death among people aged between 15 and 29 years. Between 20 and 50 million more people suffer non-fatal injuries, with many incurring a disability as a result of their injury. Hence, these above-stated statistics shows that the increasing number of road injuries and accidents is affecting the global population, which is ultimately increasing the demand for trauma fixation devices in healthcare facilities. The demand for external fixation devices is growing due to the advantages of advanced products such as bioresorbable implants, drug-eluting implants, and nano-coated devices.

The other driving factors also include growth in geriatric population, high prevalence of bone degenerative diseases, and increasing incidence of sports injuries worldwide.

Scope of the Report

An external fixator is a device consisting of aluminum or titanium percutaneous pins or wires inserted into the long axis of a bone that connect externally to a frame. The frame provides the alignment forces to fracture fragments and maintains reduction while healing occurs.

By Product Type
Manual Fixators
Computer-Aided Fixators
By Fixation Type
Unilateral and Bilateral
Circular
Hybrid
Others
By Application
Orthopedic Deformities
Fracture Fixation
Infected Fracture
Limb Correction
Others
By End-User
Hospitals
Ambulatory Surgical Centers
Orthopedic and Trauma Centers
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Fracture Fixation is Expected to Hold Significant Share in the Global External Fixators Market

When a bone is broken (or fractured) and the pieces are sufficiently out of alignment or potentially unstable, then they need to move back into position and stabilized. This is sometimes referred to by patients as having the bones re-set.

There are various methods to perform fracture fixation and certainly various types of implants that can be considered. These implants are being improved upon very frequently with new technological advancements and with a better understanding of how fractures heal best. The surgical procedures themselves are now becoming more and more minimally invasive as to decrease the overall trauma to the area of injury and to protect the local skin and muscles to a much greater extent.

Overall, the high incidence of bone fractures is expected to drive the growth of the concerned segment of the market across the globe.

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North America is Expected to Dominate the Global External Fixators Market over the Forecast Period

North America is expected to witness a surge in the future due to the increasing number of geriatric patients suffering from osteoporosis and other bone diseases, increasing incidents of burn cases. Europe is also expected to dominate the global trauma fixation devices market and is projected to continue to do so throughout the forecast period.

According to the United States Centers for Disease Control (CDC), participation in organized sports is increasing. Each year, approximately 30 million children and adolescents participate in youth sports in the United States. Out of them, athletes from high schools account for an estimated 2 million injuries, 0.5 million doctor visits, and 30,000 hospitalizations, every year. Also, more than 3.5 million kids under the age of 14 years receive medical treatment for sports injuries, each year. Children between the ages of 5-14 years account for nearly 40% of all sports injuries treated in hospitals. In the United States, injuries associated with participation in sports and recreational activities accounted for 21% of all traumatic brain injuries among children, in 2017. These factors lead to growing cases of injuries requiring external fixators to be used by the doctor to the patients, thus, boosting the market growth.

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Competitive Landscape

The global External Fixators market is competitive and consists of a few major players. Companies like Johnson & Johnson (DePuy Synthes), Orthofix Holdings, Inc., Ortho-SUV Ltd., Response Ortho LLC, Smith & Nephew, Stryker, Zimmer Biomet, among others, hold the substantial market share in the market.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Surging Road Accidents, Sports-Related and Other Injuries

      2. 4.2.2 Rising Preference for Minimally Invasive Surgeries

    3. 4.3 Market Restraints

      1. 4.3.1 Availability of Alternative Treatments in line with the Shortage of Skilled Orthopaedic Surgeons

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 Manual Fixators

      2. 5.1.2 Computer-Aided Fixators

    2. 5.2 By Fixation Type

      1. 5.2.1 Unilateral and Bilateral

      2. 5.2.2 Circular

      3. 5.2.3 Hybrid

      4. 5.2.4 Others

    3. 5.3 By Application

      1. 5.3.1 Orthopedic Deformities

      2. 5.3.2 Fracture Fixation

      3. 5.3.3 Infected Fracture

      4. 5.3.4 Limb Correction

      5. 5.3.5 Others

    4. 5.4 By End-User

      1. 5.4.1 Hospitals

      2. 5.4.2 Ambulatory Surgical Centers

      3. 5.4.3 Orthopedic and Trauma Centers

    5. 5.5 Geography

      1. 5.5.1 North America

        1. 5.5.1.1 United States

        2. 5.5.1.2 Canada

        3. 5.5.1.3 Mexico

      2. 5.5.2 Europe

        1. 5.5.2.1 Germany

        2. 5.5.2.2 United Kingdom

        3. 5.5.2.3 France

        4. 5.5.2.4 Italy

        5. 5.5.2.5 Spain

        6. 5.5.2.6 Rest of Europe

      3. 5.5.3 Asia-Pacific

        1. 5.5.3.1 China

        2. 5.5.3.2 Japan

        3. 5.5.3.3 India

        4. 5.5.3.4 Australia

        5. 5.5.3.5 South Korea

        6. 5.5.3.6 Rest of Asia-Pacific

      4. 5.5.4 Middle-East and Africa

        1. 5.5.4.1 GCC

        2. 5.5.4.2 South Africa

        3. 5.5.4.3 Rest of Middle-East and Africa

      5. 5.5.5 South America

        1. 5.5.5.1 Brazil

        2. 5.5.5.2 Argentina

        3. 5.5.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Johnson & Johnson (DePuy Synthes)

      2. 6.1.2 Orthofix Holdings, Inc.

      3. 6.1.3 Ortho-SUV Ltd.

      4. 6.1.4 Response Ortho LLC

      5. 6.1.5 Smith & Nephew

      6. 6.1.6 Stryker

      7. 6.1.7 Zimmer Biomet

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The External Fixators Market market is studied from 2018 - 2026.

The External Fixators Market is growing at a CAGR of 5.4% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Stryker , Zimmer Biomet , Smith & Nephew, Orthofix Holdings, Inc. are the major companies operating in External Fixators Market.

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