External Fixators Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

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.

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.

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.

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.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support