External Fixation System Market Report 2024

The external fixation system market size has grown strongly in recent years. It will grow from $1.28 billion in 2023 to $1.39 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth during the historical period can be attributed to several factors, including the increasing incidence of fractures and orthopedic conditions, advancements in technology, a growing elderly population, the rising adoption of minimally invasive surgeries, improvements in materials for external fixation systems, a higher number of road accidents, and increased healthcare spending.

The external fixation system market size is expected to see strong growth in the next few years. It will grow to $1.9 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The growth projected for the forecast period can be attributed to several factors, including advancements in automated fixation technologies, a higher prevalence of orthopedic conditions, increasing demand for minimally invasive surgeries, growth in outpatient surgical procedures, expansion of healthcare infrastructure, rising investments in R&D, and growing awareness of advanced treatment options. Key trends during this period include the integration of smart external fixation systems, technological advancements in materials, a surge in investments in healthcare infrastructure, a heightened focus on patient-centric care, and the introduction of innovative external fixation technologies.

The anticipated increase in road accidents is expected to drive the growth of the external fixation system market. Factors contributing to the rise in road accidents include higher vehicle usage, distracted driving, poor infrastructure, and reckless behavior. External fixation systems are crucial for stabilizing fractured bones in trauma patients, which aids in their recovery and treatment in accident cases. For example, in May 2024, according to a report published by Transport Canada, a Canada-based government department for transport, revealed a rise in serious injury cases from 8,185 in 2021 to 8,851 in 2022. This surge in accidents is contributing to the growth of the external fixation system market.

Key players in the external fixation system market are advancing their technologies with improved fixation systems, such as pin-to-bar systems, to enhance surgical efficiency, patient outcomes, and provide more robust and customizable fracture stabilization solutions. A pin-to-bar system stabilizes bones externally by linking pins in the bone to an external rod for support during recovery. For instance, in September 2023, Orthofix Medical Inc., a US-based orthopedic company, introduced the Galaxy Fixation Gemini system. This system comes in various sterile procedure kits, offering a ready-to-use solution. The Galaxy Fixation Gemini ankle kit is distinguished as the only pin-to-bar system with specific clamps available in a sterile kit, which improves surgical efficiency in urgent lower extremity trauma cases. It includes a double multi-crew clamp for rapid tibial half-pin insertion and additional kits for foot support and first metatarsal stabilization, providing a more robust construct.

In December 2021, DePuy Synthes, an orthopedic division of Johnson & Johnson based in the US, acquired OrthoSpin Ltd. for an undisclosed amount. This acquisition aims to enhance DePuy Synthes' external ring fixation system and integrate OrthoSpin's automated strut technology with the DePuy Synthes MAXFRAME Multi-Axial Correction System. OrthoSpin Ltd., an Israel-based company, specializes in orthopedic products, including smart external fixation systems.

Major companies operating in the external fixation system market are Johnson & Johnson Services Inc., Medtronic Plc, Stryker Corporation, Zimmer Biomet Holdings, Smith & Nephew plc, MicroPort Scientific Corporation, Orthofix Holdings Inc., Paragon 28 Inc., OrthoPediatrics Corp., Citieffe s.r.l, Auxein Medical Pvt. Ltd., WishBone Medical Inc., Siora Surgicals Pvt. Ltd., Gexfix SA, LEDA Orthopaedics Limited, Orthobullets, BioMedtrix LLC, Integra LifeSciences Holdings Corporation, Response Ortho LLC, Changzhou Waston Medical Appliance Co. Ltd, TST Orthopedics.

North America was the largest region in the external fixation system market in 2023. The regions covered in the external fixation system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the external fixation system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

An external fixation system is a medical device used to externally support and stabilize broken bones or injuries. It features a framework made of metal bars, rods, pins, and clamps that attach to the affected limb or body part externally, rather than being surgically inserted inside the body.

The primary types of external fixation systems include unilateral fixation systems, bilateral fixation systems, hybrid fixation systems, Colles fracture fixation systems, and circular fixation systems. Unilateral fixation systems stabilize bones on one side of the fracture using a single-sided frame. Various manufacturing techniques include traditional methods and computer-aided approaches for different applications such as orthopedic deformities, fracture fixation, infected fractures, and limb correction. These systems are used by various end users, including hospitals, ambulatory surgical centers, and orthopedic and trauma centers.

The external fixation system market research report is one of a series of new reports that provides external fixation system market statistics, including external fixation system industry global market size, regional shares, competitors with a external fixation system market share, detailed external fixation system market segments, market trends and opportunities, and any further data you may need to thrive in the external fixation system industry. This external fixation system market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The external fixation system market consists of sales of clamps, rods, pins, and wires. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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