Emerging Wireless External Fixators Is Fastest Growing Segment Fueling Growth Of External Fixators Market

Leena Shedmake

Emerging Wireless External Fixators Is Fastest Growing Segment Fueling Growth Of External Fixators Market

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.

Market Overview:

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.

Segment Analysis

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.

Key Takeaways

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.

Leena Shedmake

External Fixators Market is Estimated To Witness High Growth Owing To Increasing Road Accidents and Trauma Cases

Purvaja 2023-12-14

Furthermore, favorable reimbursement policies for orthopedic treatments and rising healthcare expenditure are propelling the demand for external fixators. However, the high cost of fixation devices and availability of alternative treatments are some of the factors limiting the market growth. Porter’s AnalysisThreat of new entrants: The external fixators market requires high initial investment for R&D which acts as a barrier for new players. North America dominates the external fixators market currently due to high trauma and accident cases along with presence of top players in the region. Key players operating in the external fixators market are Johnson & Johnson Services, Inc.

External Fixators Market Is Estimated To Witness High Growth Owing To Increasing Trauma Cases

Ashish Thapa 2023-08-24

The global External Fixators Market is estimated to be valued at US$978. These devices are commonly used in orthopedic surgeries, especially in cases of severe fractures, limb deformities, and complex trauma cases. With the rise in road accidents, sports injuries, and industrial mishaps, the demand for external fixators has significantly increased. Key Takeaways:- The global External Fixators Market is expected to witness high growth, exhibiting a CAGR of 8. 2% over the forecast period, due to increasing trauma cases and the need for effective fracture stabilization.

The Global External Fixators Market Growth Accelerated By Advances In External Fixation Techniques

kiran gire 2023-12-26

The global External Fixators Market is estimated to be valued at US$ 1145. Such innovations in external fixation methods have increased adoption rates globally and are expected to further propel the external fixators market expansion during the forecast period. Segment Analysis The global external fixators market demand is segmented by type into unilateral fixators and circular fixators. The global External Fixators Market is estimated to be valued at US$ 1145. The external fixators market in North America is expected to grow at a fastest pace during the forecast period. Boeing is one of the major players in the market and provides a wide range of external fixators for clinical applications.

Global External Fixators Market Size, Overview, Key Players and Forecast 2028

shraddha surkute 2023-01-06

FutureWise Research has released a research report that analyses External Fixators Market trends in order to forecast market growth. The External Fixators Market report examines market segmentation forecasts by product, by fixation type, by application, by end user,and by region. Competitive Landscape:· Tier one players - major players with a substantial market share. Objectives of the Study:• To provide a report that contains a detailed analysis of the External Fixators Market by product, by fixation type, by application, by end user, and by region. Flexible Delivery Model:• We provide a flexible distribution strategy where you may suggest changes to the information's scope or table in accordance with your demands.

Global Knee Braces Market Is Estimated To Witness High Growth Owing To Rising Prevalence of Knee Injuries & Increasing

Poonam 2023-08-16

The global Knee Braces market is estimated to be valued at US$ 1. For example, companies have introduced smart knee braces equipped with sensors and digital interfaces to monitor knee movement, provide real-time feedback, and aid in rehabilitation. This growth is primarily driven by the increasing prevalence of knee injuries and the growing adoption of sports activities. Key players operating in the global knee braces market include Colfax Corporation (DJO Global, Inc. The rising prevalence of knee injuries and the increasing adoption of sports activities drive the demand for knee braces.

Any Device Used For Medical Purposes Is A Medical Devices

Pooja salve 2023-01-02

In vitro diagnostic (IVD) items like reagents, test kits, and blood glucose metres are also considered medical devices. Additionally, certain radiation-emitting electronic goods that are used for medical purposes or make medical claims fall under the category of Medical Devices. These include, for instance, x-ray machines, medical lasers, and diagnostic ultrasound instruments. Any device intended by the manufacturer to be used, either alone or in combination, for a medical purpose qualifies as a Medical Devices. When attempting to assess if a product is subject to FDA regulation as a medical device, the steps listed below may be useful.

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