The global External Fixators Market is estimated to be valued at US$ 1145.44 Mn in 2023 and is expected to exhibit a CAGR of 8.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
External fixators are medical devices that utilize pins or wires inserted into bones to stabilize fractures and breakages. They are attached externally to the injured limb through clamps and rods to hold the bones in proper alignment for healing. External fixators provide stability and immobilization allowing early mobilization of adjacent joints.
Market key trends:
One of the key trends in the external fixators market is the growing adoption of wireless external fixators. Wireless external fixators provide enhanced patient comfort and mobility as they eliminate pin sites and percutaneous wires that are prone to infection in traditional external fixators. They can be remotely monitored and adjusted without moving or disturbing the injured limb. Researchers are also developing more advanced wireless systems equipped with sensors to monitor bone healing process in real-time and dynamically adjust fixation parameters accordingly. This is expected to further drive the demand for wireless external fixators over the forecast period.
The global external fixators market can be segmented by type, fixation, surgical site, end user and geography. Based on type, the market can be categorized into unilateral & bilateral external fixators, circular fixators and hybrid fixators. Unilateral & bilateral external fixators segment dominates the market attributed to its high adoption for fracture fixation. Based on fixation, the external fixators market can be divided into upper & lower extremities and pelvic & acetabular. The upper & lower extremities segment holds a sizable share due to rising number of road accidents and sports injuries. By surgical site, the market is classified into upper fixators, lower fixators, and pelvic, rail & acetabular fixators. The lower fixators segment accounts for a significant share as it is commonly used in fracture cases in lower extremities. Based on end user, the market is segmented into hospitals, trauma/orthopedic centers and ambulatory surgical centers. Hospitals hold a dominant share due to wide availability of advanced treatment facilities for fractures.
The Global External Fixators Market Demand is expected to witness high growth, exhibiting CAGR of 8.2% over the forecast period, due to increasing number of road accidents, sports injuries and geriatric population.
Regional analysis - North America dominates the market attributed to technological advancements, growing elderly population and rising healthcare expenditure. Asia Pacific is expected to grow at fastest CAGR due to increasing patient awareness, and healthcare infrastructure development.
Key players - Key players operating in the external fixators market are Johnson & Johnson Services, Inc. (DePuy Synthes), Double Medical Technology Inc., Orthofix Holdings, Inc., Ortho-SUV Ltd., Response Ortho LLC, Smith & Nephew, Stryker Corporation , Zimmer Biomet, Auxein Medical, Acumed, Tasarimmed T?bbi Mamuller San. Tic A.?, Orthopaedic Implant Company (â€œOICâ€), Gexfix SA, WishBone Medical, Inc., and Matrix Meditech. The major players are focusing on new product launches and geographic expansion to increase their market share.