External Fixators Market to Reflect Steadfast Expansion During 2021-2028: Grand View Research Inc.

 External Fixators Market Growth & Trends

The global external fixators market size is expected to reach USD 1.16 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.0% from 2021 to 2028. The growing incidence of chronic diseases and the rise in the number of sports-related injuries are boosting the market growth. According to the Canadian Institute of Health, from 2018 to 2019, around 18,000 people were hospitalized due to sports-related injuries. Moreover, the rapidly increasing number of road accidents is expected to boost the need for external fixation surgeries. For instance, according to the Association for Safe International Road Travel (ASIRT), in 2019, around 20 to 50 million people in the U.S. were injured or disabled due to road accidents.

Moreover, benefits of external fixation surgeries, such as the lesser risk of Surgical Site Infections (SSIs) than internal fixation and lesser surgery time, along with continuous technological advancement are further propelling the revenue. For instance, In November 2020, Stryker acquired Wright Medical Group N.V. to strengthen its position and enhance product offerings in a high-growth segment of lower extremity and biologics. In February 2021, Orthofix Medical Inc. launched FITBONE intramedullary lengthening system in the U.S. and Europe markets to increase its penetration.

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External Fixators Market Report Highlights

• The computer-aided product segment accounted for the largest revenue share in 2020 due to continuous technological advancements and high usage of these fixators during surgeries
• The circular fixation type segment led the global market in 2020, in terms of revenue share due to the advantages of these products, such as biomechanical characteristics and minimally invasive application
• The fracture fixation segment held the largest revenue share of over 40% in 2020 due to the increased number of fracture-related injuries and demand for external fixation over internal fixation
• The hospitals end-user segment held the largest revenue share in 2020 owing to advanced treatment options available in hospitals and a large number of patient footfall
• North American was the leading regional market in 2020 owing to the presence of advanced healthcare infrastructure and favorable reimbursement policies along with a high target population

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External Fixators Market Segmentation

Grand View Research has segmented the global external fixators market on the basis of product, fixation type, end-user, application, and region:

External Fixators Product Outlook (Revenue, USD Million, 2016 - 2028)

• Manual
• Computer-aided

External Fixators Fixation Type Outlook (Revenue, USD Million, 2016 - 2028)

• Unilateral & Bilateral
• Circular
• Hybrid & Others

External Fixators End-user Outlook (Revenue, USD Million, 2016 - 2028)

• Hospitals
• Ambulatory Surgical Centers (ASCs)
• Orthopedic and Trauma Centers

External Fixators Application Outlook (Revenue, USD Million, 2016 - 2028)

• Orthopedic Deformities
• Fracture Fixation
• Infected Fracture
• Limb Correction
• Others

External Fixators Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East and Africa
  • South Africa
  • Saudi Arabia

List of Key Players of External Fixators Market

• Johnson & Johnson Services, Inc. (DePuy Synthes)
• Stryker
• Zimmer Biomet
• Smith+Nephew
• Orthofix Medical, Inc.
• Ortho-SUV Ltd.
• Response Ortho
• Tasarimmed Tıbbi Mamuller San. Tic A.Ş.
• Auxein Medical
• Acumed

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.