External Fixator Devices Market Trends, Opportunities, and Forecast by 2031

MARKET INTRODUCTION

External fixator devices are used to support long bone open fractures to help the patient carry body's weight as well as movement. Also, schanz screws, connecting rods, and clamps are used in case of unipolar external fixators. However, circulatory fixators include circular rings, wires, connecting rods, and struts. The external fixator devices provide rigid fixation along with fixed distraction of the fracture fragments. External fixators are excellent tools to preserve tissue function in case of trauma due to their minimally invasive nature and ergonomic designs.

MARKET DYNAMICS

The external fixator devices market is driving due to the rise in global prevalence rate of osteoporosis, continuous research and development activities by major players to reduce the risk of infection. However, issues related to pin tract infections and neurovascular surgery are likely to restrain the global external fixator devices market. Moreover, the increase in geriatric population which is prone to bone diseases, and surge in physician preference for minimally invasive surgeries are projected to drive the global external fixator devices market during the forecast period.

MARKET SCOPE

The "External Fixator Devices Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of external fixator devices market with detailed market segmentation by of product, patient type, extremity and application. The external fixator devices market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in external fixator devices market and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The external fixator devices market is segmented on the basis of product type, patient type, extremity and application. Based on product type, the market is segmented as tubular fixators, circular fixators, and hybrid fixators. On the basis of patient type, the market is categorized as adult and pediatric. On the basis of extremity, the market is categorized as ankle and foot fractures, hip and pelvis fractures, tibia and femur fractures, hand and wrist fractures, shoulder and elbow fractures, rib fractures, and others. On the basis of end user, the market is categorized as ambulatory surgical centers, orthopedic clinics, trauma centers, and hospitals.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the external fixator devices market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The external fixator devices market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting external fixator devices market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the external fixator devices market in these regions.

MARKET PLAYERS

The report covers key developments in the external fixator devices market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from external fixator devices market are anticipated to have lucrative growth opportunities in the future with the rising demand for external fixator devices in the global market. Below mentioned is the list of few companies engaged in the external fixator devices market.

The report also includes the profiles of key players in external fixator devices market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   DePuy Synthes (Johnson & Johnson Services, Inc.)
  
•   Zimmer Biomet
  
•   Wright Medical Group N.V.
  
•   Smith & Nephew plc
  
•   Stryker
  
•   Fixus
  
•   Orthofix Holdings, Inc.
  
•   SOFEMED
  
•   Integra LifeSciences Corporation
  
•   Cardinal Health
  
  

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.

External Fixator Devices Report Scope