External Fixators Market Size, Share, Growth, Trends, Analysis and Forecast 2018 to 2026

The latest market report published by Credence Research, Inc., the external fixator market was valued at US$ 724.6 million in 2017 and is projected to reach US$ 1.653.0 million by 2026 for a CAGR of 9.4 percent over the forecast period from 2018 to 2026.

Market Insights

The market for external fixators is expected to present a lucrative CAGR during the forecast period from 2018 to 2026. External fixator devices are the stabilizer frames used to hold and stabilize broken bones in the correct position. External fixators have three types such as one-sided (monofixator), modular (hybrid) and circular (Ilizarov and TAYLOR SPATIAL FRAME) external fixators. In addition, on the basis of the operating mechanism, external fixators can be classified as manual external fixators and computer-assisted external fixators; and static and dynamic external fixators.

Browse Full Report Originally Published by Credence Research at https://www.credenceresearch.com/report/external-fixators-market

A worldwide increase in the number of road accidents and sports-related injuries, an increasing geriatric population base coupled with an increasing incidence of limb deformities, the introduction of technologically advanced external fixators and an increasing shift towards minimally invasive surgeries (MISs). External fixation is a minimally invasive procedure that uses unilateral, circular and modular external fixators to prevent soft tissue trauma, resulting in improved results at lower amputation rates. Rising adoption of MISs/minimally access surgeries (MASs) owing to its benefits such as minor incisions, lower muscle & tissue damage, rapid wound healing, and lesser surgical scars & pain in comparison with invasive procedures. Hence, this causes minor complications and curtailed operational expenses & risk of developing hospital-acquired infections (HAIs) in patients. The World Health Organization (WHO) reported that global older population has surged from 841.0 Mn in 2013 to 962.3 Mn in 2017, and will surpass 2.0 Bn by the end of 2050. This target population is more prone to develop osteoporosis and other orthopedic conditions, thereby facilitating the demand for external fixators.

Market participants are emphasizing on research & development activities related to technologically advancement in external fixators by creating patient-specific devices with complex internal structures and using 3D printing. Manufacturers are developing smart, robotic external fixation system for various orthopedic procedures. Various computer-assisted (aided) are developed and used during treatment of open & closed fractures, non-unions, malunions, limb lengthening surgeries, and pseudoarthrosis of long bones. These devices are comprised of rings, wire & screw clamps, struts, and articular hinge which provides easier application with higher mechanical stability and precise corrections. In February 2018, OrthoSpin Ltd. (a portfolio company of The Trendlines Group Ltd.) completed a first-in-human (FIH) trial for its robotic external fixator that is used to treat orthopedic deformities.

Key Market Movements:

• Globally, the external fixators market to witness a profitable growth with a CAGR of 9.4% during the forecast period from 2018 to 2026
• Based on product, the unilateral & modular external fixators segment is anticipated to display phenomenal market growth in the near future is attributed to its gradually rising adoption as it is simple to construct that provides optimal stability and have lesser risks of infections & scars
• The orthopedic deformities segment among applications will continue to spearhead the market over the forecast period due to higher incidence of orthopedic limb deformities along with higher adoption during bone fracture repair and osteotomy procedures
• North America dominated the market in 2017 due to rising prevalence of musculoskeletal diseases, the presence of target population & key market participants, and favorable reimbursement & coverage scenario for orthopedic surgical procedures in the U.S. and Canada
• Asia Pacific is foreseen to display comparatively higher market growth during the forecast period from 2018 to 2026 and expected to retain its status quo owing to rising older population base coupled with increasing incidence of limb deformities in China, India, Japan, and Australia
• Major players 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

You can get the sample copy of this research by Credence Research here: https://www.credenceresearch.com/sample-request/59346

Table of Content

Chapter 1 Preface
1.1 Report Scope and Description
1.1.1 Study Purpose
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I - Secondary Research
1.3.2 Phase II - Primary Research
1.3.3 Phase III - Expert Panel Review
1.3.4 Approaches Adopted
1.3.4.1 Top-Down Approach
1.3.4.2 Bottom-Up Approach
1.3.5 Assumptions
 1.4 Market Segmentation

Chapter 2 Executive Summary
2.1 Market Snapshot: Global External Fixators Market
2.1.1 Global External Fixators Market, by Product, 2017 (US$ Mn)
2.1.2 Global External Fixators Market, by Application, 2017 (US$ Mn)
 2.1.3 Global External Fixators Market, by Geography, 2017 (US$ Mn)

Chapter 3 Market Dynamics
3.1 Introduction
3.2 Market Dynamics
3.2.1 Market Drivers
3.2.1.1 Globally Surge in the Number of Road Accidents and Sports-related Injuries
3.2.1.2 Driver 2
3.2.1.3 Driver 3
3.2.1.4 Driver 4
3.2.2 Challenges
3.2.2.1 Challenge 1
3.2.2.2 Challenge 2
3.2.3 Opportunities
3.2.3.1 Opportunity 1
3.2.3.2 Opportunity 2
3.3 Attractive Investment Proposition, by Geography, 2017
 3.4 Market Positioning of Key Players, 2017

Chapter 4 Global External Fixators Market, by Product, 2016-2026 (US$ Mn)
4.1 Overview
4.2 Unilateral & Modular External Fixators
 4.3 Circular & Modular External Fixators

Chapter 5 Global External Fixators Market, by Application, 2016-2026 (US$ Mn)
5.1 Overview
5.2 Orthopedic Deformities
5.3 Fracture Fixation
5.4 Limb Correction
 5.5 Others (anterior cruciate ligament and meniscus injury)

Chapter 6 Global External Fixators Market, by Geography, 2016-2026 (US$ Mn)
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You can get the sample copy of this research by Credence Research here: https://www.credenceresearch.com/sample-request/59346

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