External Fixators Market

External Fixators Market: Surging Road Accidents & Sports-Related Injuries Creating Opportunities: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018–2028

Introduction

The orthopaedic trauma devices, including external fixators, are specifically manufactured to treat orthopaedic disorders and treat bone fractures. In recent years, the use of external fixators has increased significantly as they curtail treatment time, while requiring negligible surgical intervention. Computer-assisted external fixators have gained traction in external fixators market for deformity correction and fracture fixation.

Unique Growth Strategies Becoming Paramount

The rigorous competition in external fixators market is propelling external fixators’ manufacturers to adopt diverse growth strategies to move ahead of the counterparts. To capitalize on the growing demand for orthopaedic trauma devices, such as external fixators, several leading players in external fixators market have launched novel innovative products, while acquiring local players to expand their outreach.

Some external fixators’ manufacturers are focusing on patient-specific treatments and devices with complex internal structures, while leveraging revolutionary 3D printed medical devices in the orthopedic industry. Such initiatives are bringing tremendous changes in the global external fixators market, thereby creating lucrative growth opportunities for external fixators’ manufacturers. Some external fixators’ manufacturers are even indulging into geographical expansion, as they diversify their business to tap a broader customer base.

The growing number of innovative product launches in tandem with the emergence of new entrants are likely to make external fixators highly competitively priced in the forthcoming years. Some of the notable developments in external fixators market include:

  • In 2017, a franchise of orthopaedic and neurosurgery companies - DePuy Synthes - introduced the first ever 3D simulation-based orthopedic external circular fixation device, named MAXFRAME Multi-Axial Correction System.
  • Another leading player in external fixators market - The Orthopaedic Implant Company - showcased the OIC External Fixation System at the 2017 Annual Orthopaedic Trauma Association (OTA) Meeting held in Vancouver Convention Center (Canada).
  • Earlier, Zimmer Holdings, Inc. purchased a medical device firm - ExtraOrtho, Inc. - to expand its portfolio of external and internal fixation devices.

Detailed profiling of other leading players operating in external fixators market has also been included in external fixators market report. Key players operating in external fixators market include Ortho-SUV Ltd., ConMed, Zimmer Biomet Holdings, Inc., OsteoMed, DePuy Synthes (Johnson & Johnson Services, Inc.), Stryker Corporation, Medtronic Kanghui Orthopedics, Vilex, DJO Global, Inc., Response Ortho LLC, Wright Medical Group N.V., Bioventus, Orthofix International N.V., Acumed, Integra LifeSciences Corporation, and Smith & Nephew plc.

Surging Road Mishaps & Sports-Related Injuries Creating Opportunities

The growing number of sports-related injuries, and road accidents, in tandem with the rising cases of limb deformities have been driving the sales of external fixators. As per the World Health Organization (WHO) estimations, over 1MN individuals die globally in road collisions every year. A research conducted by American Orthopaedic Society for Sports Medicine suggests that over 3.5 MN sportspersons and athletes undergo medical treatments for sports injuries, annually.

Further the rising sports activities are increasing the risks of injury related to athletes, thereby, triggering the adoption of external fixators. As external fixators stabilize fractured bones until they heal completely, the devices are witnessing proliferating applications in closed and open fracture procedures, such as an unstable radius fracture and tibia fracture.

Meanwhile, the WHO reported that global older population is likely to surpass 2BN by 2050 end. Elderly people are more vulnerable to developing osteoporosis as well as several orthopedic conditions, thereby are expected to facilitate the demand for external fixators.

Gains Underpinned by Widespread Patients’ Preference for Minimally Invasive Surgeries

As external fixators require less surgical intervention, patients’ shifting preference for minimally invasive surgeries (MISs) and treatments are benefitting external fixators market. Circular external fixators are witnessing traction in external fixators market for being an incision-free technique that puts the patients at the minimal risk of infections, hemorrhage, soft tissue damage, and tissue trauma.

The adoption of circular external fixators is further triggered by the growing demand for high-tech medical devices, and computer-assisted external fixators for enhanced and less time consuming treatment.

Favorable Reimbursement Treatment Policies Steering Sales

The growing number of favorable reimbursement policies for treatment done leveraging computer-assisted external fixators in developing economies is bringing gains to external fixators market. This is further solidified by the rise in the public–private collaborations to offer cost-effective external fixators in countries lacking medical amenities, which is another factor that could fuel global external fixators market growth.

Myriad Restraints Making Market Players’ Growth Challenging

The prevalence of alternative treatments in line with the shortage of skilled orthopaedic surgeons remain key factors influencing growth in external fixators market. External fixators’ manufacturers are focusing on creating cost-effective high-performance variants of external fixators to attain a foot hold in the highly competitive medical devices sector.

Another key factor thwarting the growth in external fixators market is the growing risk of surgical-site infection in orthopaedic deformity surgeries. Such growing concerns are prompting external fixators’ manufactures to induce innovation in manufacturing processes to increase device safety value. 

Key Segments

By Product Type

  • Manual Fixators
  • Computer Aided External Fixator

By Application

  • Orthopedic Deformities
  • Fracture Fixation
  • Infected Fracture or Non-Unions
  • Limb Correction
  • Others

By End User

  • Hospitals
  • Ambulatory Surgical Centers
  • Orthopedic and Trauma Centers

By Country

  • U.S.
  • Canada

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