Market Overview:
The global external fixator devices market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing incidence of bone fractures and growing demand for minimally invasive surgeries. In addition, the rising geriatric population is also contributing to the growth of this market. Based on type, metal plates are expected to account for the largest share of the global external fixator devices market in 2018. This can be attributed to their high strength and durability as compared to other types of external fixators. Based on application, hospitals are expected to account for the largest share of this market in 2018.
Product Definition:
External fixator devices are medical devices that are used to stabilize and support broken bones outside of the body. This is typically done by attaching metal pins or screws to the bone fragments and then using a brace or frame to hold them in place. External fixators can be used for a variety of purposes, including fracture stabilization, limb lengthening, and deformity correction. They are often considered an important part of orthopedic surgery due to their ability to provide stability and support for injured bones.
Metal Plates:
Metal plates are used in external fixator devices as an alternative to screws and nails. They have a broad application scope in various EFDs such as foot & ankle, wrist, hand & finger, spine and head & neck. Metal plates find their utility in the treatment of fractures during the healing process by promoting bone growth around it.
Metal plates are also useful for spinal fusion surgeries that require rigid fixation of vertebrae which get injured or degenerated due to trauma or disease processes.
Screws:
Screws are medical devices used to secure a broken bone or injured part of the body. They are small metal Phillips head screws with short shanks that are designed for fastening two pieces of equipment, which may be made of plastic, metal or other materials.
Application Insights:
The hospital application segment dominated the global external fixator devices market in 2017. This can be attributed to a high number of surgeries and increasing prevalence of trauma cases. According to the American Association for the Surgery of Trauma, approximately 1 out of 5 deaths occur due to trauma every year in U.S., which is expected to rise further considering rising population and aging demographic. As a result, demand for fixators at hospitals is anticipated to increase over the forecast period as they are considered an essential tool during primary fixation procedures for reducing long-term complications or mortality rates associated with these conditions.
Clinic applications include pre-, post-operative surgical clinics and critical care clinics where patients require urgent medical attention but cannot be moved owing to their injuries or conditions requiring close monitoring by healthcare professionals 24/7 without moving them from their current location.
Regional Analysis:
North America dominated the global market in 2017 owing to high incidence of sports injuries, rising geriatric population prone to bone fractures, and increasing number of road accidents. In addition, presence of well-established healthcare facilities and favorable reimbursement policies are expected to drive the regional growth over the forecast period.
Asia Pacific is anticipated to witness lucrative CAGR over the forecast period due to growing medical tourism industry in emerging economies such as India and China. In addition, rapidly developing healthcare infrastructure coupled with large patient pool suffering from chronic disorders are some factors driving regional growth.
Growth Factors:
- Increasing incidence of fractures and bone injuries: The increasing incidence of fractures and bone injuries is one of the key growth drivers for the external fixator devices market. According to a study by the Centers for Disease Control and Prevention (CDC), in 2010, around 8.9 million Americans were treated in emergency departments for unintentional injuries, out of which around 2 million were treated for fractures or dislocations. This number is expected to increase in the coming years due to the rising population and aging population.
- Growing demand from geriatric population: The geriatric population is at a higher risk of developing bone-related disorders such as osteoporosis, arthritis, and falls-related injuries than other age groups. This growing demand from geriatric patients is expected to drive the growth of external fixator devices market in the coming years.
- Rising awareness about advanced treatment options: There has been a rise in awareness about advanced treatment options among patients suffering from bone-related disorders in recent years. This has led to an increase in adoption rates of external fixator devices as compared to traditional treatments methods such as casting or bracing therapy .
Scope Of The Report
Report Attributes
Report Details
Report Title
External Fixator Devices Market Research Report
By Type
Metal Plates, Screws, Others
By Application
Hospital, Clinic
By Companies
Biomet, DePuy, Stryker, Smith & Nephew
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
166
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global External Fixator Devices Market Report Segments:
The global External Fixator Devices market is segmented on the basis of:
Types
Metal Plates, Screws, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Clinic
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Biomet
- DePuy
- Stryker
- Smith & Nephew
Highlights of The External Fixator Devices Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Metal Plates
- Screws
- Others
- By Application:
- Hospital
- Clinic
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the External Fixator Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
External fixator devices are medical devices that are placed on a person's body to help support and stabilize their joints. These devices can be used to help people with arthritis, joint pain, or other conditions.
Some of the major players in the external fixator devices market are Biomet, DePuy, Stryker, Smith & Nephew.
The external fixator devices market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 External Fixator Devices Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 External Fixator Devices Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 External Fixator Devices Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the External Fixator Devices Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global External Fixator Devices Market Size & Forecast, 2018-2028
4.5.1 External Fixator Devices Market Size and Y-o-Y Growth
4.5.2 External Fixator Devices Market Absolute $ Opportunity
Chapter 5 Global External Fixator Devices Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 External Fixator Devices Market Size Forecast by Type
5.2.1 Metal Plates
5.2.2 Screws
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global External Fixator Devices Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 External Fixator Devices Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Clinic
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global External Fixator Devices Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 External Fixator Devices Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America External Fixator Devices Analysis and Forecast
9.1 Introduction
9.2 North America External Fixator Devices Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America External Fixator Devices Market Size Forecast by Type
9.6.1 Metal Plates
9.6.2 Screws
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America External Fixator Devices Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Clinic
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe External Fixator Devices Analysis and Forecast
10.1 Introduction
10.2 Europe External Fixator Devices Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe External Fixator Devices Market Size Forecast by Type
10.6.1 Metal Plates
10.6.2 Screws
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe External Fixator Devices Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Clinic
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific External Fixator Devices Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific External Fixator Devices Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific External Fixator Devices Market Size Forecast by Type
11.6.1 Metal Plates
11.6.2 Screws
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific External Fixator Devices Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Clinic
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America External Fixator Devices Analysis and Forecast
12.1 Introduction
12.2 Latin America External Fixator Devices Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America External Fixator Devices Market Size Forecast by Type
12.6.1 Metal Plates
12.6.2 Screws
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America External Fixator Devices Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Clinic
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) External Fixator Devices Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) External Fixator Devices Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) External Fixator Devices Market Size Forecast by Type
13.6.1 Metal Plates
13.6.2 Screws
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) External Fixator Devices Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Clinic
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 External Fixator Devices Market: Competitive Dashboard
14.2 Global External Fixator Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Biomet
14.3.2 DePuy
14.3.3 Stryker
14.3.4 Smith & Nephew
