External Fixator Market size was valued at US$ 1036.81 Mn in 2023 and the total revenue is expected to grow at 4.2 % through 2024 to 2030, reaching nearly US$ 1382.85 Mn in the forecast period.External Fixator Market Overview:
An external fixation device is used for fractured bones stabilizing and for alignment. The device has the facility to adjusted externally to ensure the bones persist in an ideal position during the healing process. This device is commonly used in children and when the skin over the fracture has been damaged.To know about the Research Methodology :- Request Free Sample Report
External Fixator Market Dynamics:
The growing population, increasing vehicle accidents, frequency of chronic diseases is boosting the growth of surgeries and external fixators market. As per the survey carried out nationwide, it is estimated that around 85% of the population amputated leg surgery and these procedures resulted in a high prevalence of chronic disease that is a diabetic foot ulcer. As per American Diabetes Association, there has been an increase of 65% in minor Nontraumatic Lower Extremity Amputation. This factor is likely to drive the growth of the external fixators market For instance, in January 2021 Stryker acquired OrthoSensor, Inc., a privately held organization and a leader in the evolution of musculoskeletal care and sensor technology for total joint replacement. The newly launched OrthoSensor comes with innovative and advances smart sensor technology with intraoperative sensors, wearables, and smart implants. This sensor will boost patient recovery and become more active as a real-time measurement to drive patient satisfaction. This acquisition will result in strengthening the market position of the company. In August 2021, Smith+Nephew launched ARIA home PT-a a remote physical therapy solution. ARIA Home PT is a device that offers a customized experience for patients at home by leveraging advanced technology, telehealth solution from licensed physical therapists, and digital avatar-based guidance. ARIA home PT reported fewer readmissions by 60% and outpatient visits by 875, and home health visits by 95%. This factor is likely to fuel the growth of the external fixators market in the future.External Fixator Market Segment Analysis:
The Computer-aided Product segment is anticipated to adhere to the growth of the External Fixator Market. The computer-aided Product segment accounted for the largest market share in the product segment with 65% in 2023. Owing to the rising application of technologies and advanced features to offer better treatment options. The segment is likely to grow with the Highest CAGR during the forecast period. Moreover, Computer-aided products have got more benefits as compare to manual products. As the products are responsible to offer low infection rates and precise results this factor is stimulating the growth of the external fixators market. Computer-aided products have got various benefits motivating the growth of the market are the elimination of fluoroscopy, correction of deformities without second surgery, short operation and surgeries, easy hardware removal. The Circulation Fixation segment is supplementing the growth of the External Fixator Market. The Circulation Fixation segment is likely to dominate the growth of the market and is the fastest-growing segment in the forecast period. The growth of the segment is attributed to modularity, minimal invasive application, and the biochemical characteristics of the device. Further, the biochemical feature of the device is gaining more attention in the market due to increasing orthopedic clinics and rising treatment options. For example, in February 2023 AMDT Holdings Inc. launched a SixFix™ Circular Fixation System patented software allowing deformity analysis and correction. The system is used for foot and ankle deformities, trauma, the assembly is unfolded to easily connect the rings and eliminates difficult strut exchange by offering a full range of lengths with a single strut design. The hospitals' segment is Trending in the End-User Segment of External Fixator Market. The hospital segment is dominating the end-user segment of the External Fixators Market. And accounted for the revenue share of 52.0% in 2023. The growth of the market is amplifying due to wider application of external fixators like Orthopedic Deformities, Fracture Fixation, Infected Fracture, Limb Correction, Others, and growing advanced treatment options on a low budget. Fracture fixation application is likely to hold a market share of 42% in 2023. Age-related bone fragility is the factor likely to boost the growth of the market. Moreover, the easy treatment option and nearby accessibility due to growing healthcare facilities. Orthopedic and trauma centers are likely to boost the growth of the market at a high CAGR. The growth of the segment is attributed to the occurrence of chronic diseases in the region and the accidents caused due to sports activity and trauma accidents. Further, the orthopedic market is estimated to reach USD 72.4 Million by the end of 2030. North America is one of the leading regions in terms of the orthopedic market.External Fixator Market Regional Insights:
The Molecular Biology Enzymes, Reagents, and Kits market is regionally segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America is leading in the External Fixator market owing to the largest market share of 36.5% in 2023. North America is likely to grow by a CAGR of 9.5% in the forecast period. The growth of the region is promoted by the demand for advanced technology in the healthcare sector and innovative infrastructure with high-end medical devices and instruments. As per National Safety Council around 459,000 injuries were caused in US. with or without exercise equipment’s and increasing sports activity is likely to increase the no. of injuries in the future. Further, the growth of the market is supported by the growth of the market. The Asia Pacific is estimated to grow at a rapid pace with a CAGR of 6.25 during the forecast period. The growth of the region is attributed to developing countries and together with advancement in healthcare facilities in the region. As medical facilities in the region are evolving and rising medical tourism is likely to fuel the growth of the market. The dominating countries of Asia Pacific are India, China, Japan, Indonesia. China is leading in the Asia Pacific due to growing medical facilities together with the electronic and electric industry in the region. Further, government support and rising road accidents with bone injuries and chronic diseases are expected to motivate the growth of the market. The objective of the report is to present a comprehensive analysis of the Global External Fixator Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Global External Fixator Market dynamics, structure by analyzing the market segments and project the Global External Fixator Market size. Clear representation of competitive analysis of key players by Grade, price, financial position, Grade portfolio, growth strategies, and regional presence in the Global External Fixator Market make the report investor’s guide.Global External Fixator Market Scope: Inquire before buying
External Fixator Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: US $ 1036.81Mn. Forecast Period 2024 to 2030 CAGR: 4.2% Market Size in 2030: US $ 1382.85 Mn. Segments Covered: by Product Manual Computer-aided by Fixation Type Unilateral & Bilateral Circular Hybrid & Others by End Use Hospitals Ambulatory Surgical Centres (ASCs) Orthopedic and Trauma Center External Fixator Market Key Players are:
Johnson & Johnson Services, Inc. (DePuy Synthes) Stryker Zimmer Biomet Smith+Nephew Orthofix Medical, Inc. Ortho-SUV Ltd. Response Ortho Tasarimmed Tıbbi Mamuller San. Tic A.Ş. Auxein Medical AcumedFAQs:
1. What is the Global External Fixator market share in 2023? Ans: Approximately, 1036.81 million USD. 2. What is the Global External Fixator market growth? Ans: The External Fixator market is anticipated to grow with a CAGR of 4.2% in the forecast period and is likely to reach 1382.85 million by the end of 2030. 3. Which Fixation Type is expected to dominate the Global External Fixator market during the forecast period? Ans: The circular fixation type segment held the largest revenue share of over 40% in 2023 and will expand further at the second-fastest CAGR from 2024 to 2030 in the external fixators market. 4. Who are the key players in the Global External Fixator market? Ans: Some key players operating in the External Fixator market include Johnson & Johnson Services, Inc. (DePuy Synthes), Stryker, Zimmer Biomet, Smith+Nephew, Orthofix Medical, Inc., Ortho-SUV Ltd., Response Ortho, Tasarimmed Tıbbi Mamuller San. Tic A.Ş., Auxein Medical, Acumed. 5. What is the key driving factor for the growth of the External Fixator market? Ans: Key factors that are driving the External Fixator market growth are the rising burden of chronic diseases, demand for surgical innovations, increasing number of road accidents, and availability of well-established healthcare infrastructure & skilled professionals in the developed nations.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Fixation Type 2.3.2. Primary Research 2.3.2.1. Data from Primary Fixation Type 2.3.2.2. Breakdown of Primary Fixation Type 3. Executive Summary: External Fixator Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2023 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the External Fixator Market 3.4. Geographical Snapshot of the External Fixator Market, By Manufacturer share 4. External Fixator Market Overview, 2023-2030 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porter Five Forces Analysis 4.1.6.1. The threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. The threat of Substitute Grades 4.1.6.5. The intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the External Fixator Market 5. Supply Side and Demand Side Indicators 6. Global External Fixator Market Analysis and Forecast, 2023-2030 6.1. External Fixator Market Size & Y-o-Y Growth Analysis. 7. Global External Fixator Market Analysis and Forecasts, 2023-2030 7.1. Market Size (Value) Estimates & Forecast By Product, 2023-2030 7.1.1. Manual 7.1.2. Computer-aided 7.2. Market Size (Value) Estimates & Forecast By Fixation Type, 2023-2030 7.2.1. Unilateral & Bilateral 7.2.2. Circular 7.2.3. Hybrid & Others 7.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2030 7.3.1. Hospitals 7.3.2. Ambulatory Surgical Centres (ASCs) 7.3.3. Orthopedic and Trauma Center 8. Global External Fixator Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2023-2030 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America External Fixator Market Analysis and Forecasts, 2023-2030 9.1. Market Size (Value) Estimates & Forecast By Product, 2023-2030 9.1.1. Manual 9.1.2. Computer-aided 9.2. Market Size (Value) Estimates & Forecast By Fixation Type, 2023-2030 9.2.1. Unilateral & Bilateral 9.2.2. Circular 9.2.3. Hybrid & Others 9.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2030 9.3.1. Hospitals 9.3.2. Ambulatory Surgical Centres (ASCs) 9.3.3. Orthopedic and Trauma Center 10. North America External Fixator Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. External Fixator Market Analysis and Forecasts, 2023-2030 11.1. Market Size (Value) Estimates & Forecast By Product’s, 2023-2030 11.2. Market Size (Value) Estimates & Forecast By Fixation Type, 2023-2030 11.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2030 12. Canada External Fixator Market Analysis and Forecasts, 2023-2030 12.1. Market Size (Value) Estimates & Forecast By Product’s, 2023-2030 12.2. Market Size (Value) Estimates & Forecast By Fixation Type, 2023-2030 12.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2030 13. Mexico External Fixator Market Analysis and Forecasts, 2023-2030 13.1. Market Size (Value) Estimates & Forecast By Product’s, 2023-2030 13.2. Market Size (Value) Estimates & Forecast By Fixation Type, 2023-2030 13.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2030 14. Europe External Fixator Market Analysis and Forecasts, 2023-2030 14.1. Market Size (Value) Estimates & Forecast By Product’s, 2023-2030 14.2. Market Size (Value) Estimates & Forecast By Fixation Type, 2023-2030 14.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2030 15. Europe External Fixator Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K External Fixator Market Analysis and Forecasts, 2023-2030 16.1. Market Size (Value) Estimates & Forecast By Product’s, 2023-2030 16.2. Market Size (Value) Estimates & Forecast By Fixation Type, 2023-2030 16.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2030 17. France External Fixator Market Analysis and Forecasts, 2023-2030 17.1. Market Size (Value) Estimates & Forecast By Product’s, 2023-2030 17.2. Market Size (Value) Estimates & Forecast By Fixation Type, 2023-2030 17.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2030 18. Germany External Fixator Market Analysis and Forecasts, 2023-2030 18.1. Market Size (Value) Estimates & Forecast By Product’s, 2023-2030 18.2. Market Size (Value) Estimates & Forecast By Fixation Type, 2023-2030 18.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2030 19. Italy External Fixator Market Analysis and Forecasts, 2023-2030 19.1. Market Size (Value) Estimates & Forecast By Product’s, 2023-2030 19.2. Market Size (Value) Estimates & Forecast By Fixation Type, 2023-2030 19.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2030 20. Spain External Fixator Market Analysis and Forecasts, 2023-2030 20.1. Market Size (Value) Estimates & Forecast By Product’s, 2023-2030 20.2. Market Size (Value) Estimates & Forecast By Fixation Type, 2023-2030 20.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2030 21. Sweden External Fixator Market Analysis and Forecasts, 2023-2030 21.1. Market Size (Value) Estimates & Forecast By Product’s, 2023-2030 21.2. Market Size (Value) Estimates & Forecast By Fixation Type, 2023-2030 21.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2030 22. CIS Countries External Fixator Market Analysis and Forecasts, 2023-2030 22.1. Market Size (Value) Estimates & Forecast By Product’s, 2023-2030 22.2. Market Size (Value) Estimates & Forecast By Fixation Type, 2023-2030 22.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2030 23. Rest of Europe External Fixator Market Analysis and Forecasts, 2023-2030 23.1. Market Size (Value) Estimates & Forecast By Product’s, 2023-2030 23.2. Market Size (Value) Estimates & Forecast By Fixation Type, 2023-2030 23.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2030 24. Asia Pacific External Fixator Market Analysis and Forecasts, 2023-2030 24.1. Market Size (Value) Estimates & Forecast By Product’s, 2023-2030 24.2. Market Size (Value) Estimates & Forecast By Fixation Type, 2023-2030 24.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2030 25. Asia Pacific External Fixator Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China External Fixator Market Analysis and Forecasts, 2023-2030 26.1. Market Size (Value) Estimates & Forecast By Product’s, 2023-2030 26.2. Market Size (Value) Estimates & Forecast By Fixation Type, 2023-2030 26.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2030 27. India External Fixator Market Analysis and Forecasts, 2023-2030 27.1. Market Size (Value) Estimates & Forecast By Product’s, 2023-2030 27.2. Market Size (Value) Estimates & Forecast By Fixation Type, 2023-2030 27.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2030 28. Japan External Fixator Market Analysis and Forecasts, 2023-2030 28.1. Market Size (Value) Estimates & Forecast By Product’s, 2023-2030 28.2. Market Size (Value) Estimates & Forecast By Fixation Type, 2023-2030 28.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2030 29. South Korea External Fixator Market Analysis and Forecasts, 2023-2030 29.1. Market Size (Value) Estimates & Forecast By Product’s, 2023-2030 29.2. Market Size (Value) Estimates & Forecast By Fixation Type, 2023-2030 29.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2030 30. Australia External Fixator Market Analysis and Forecasts, 2023-2030 30.1. Market Size (Value) Estimates & Forecast By Product’s, 2023-2030 30.2. Market Size (Value) Estimates & Forecast By Fixation Type, 2023-2030 30.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2030 31. ASEAN External Fixator Market Analysis and Forecasts, 2023-2030 31.1. Market Size (Value) Estimates & Forecast By Product’s, 2023-2030 31.2. Market Size (Value) Estimates & Forecast By Fixation Type, 2023-2030 31.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2030 32. Rest of Asia Pacific External Fixator Market Analysis and Forecasts, 2023-2030 32.1. Market Size (Value) Estimates & Forecast By Product’s, 2023-2030 32.2. Market Size (Value) Estimates & Forecast By Fixation Type, 2023-2030 32.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2030 33. Middle East Africa External Fixator Market Analysis and Forecasts, 2023-2030 33.1. Market Size (Value) Estimates & Forecast By Product’s, 2023-2030 33.2. Market Size (Value) Estimates & Forecast By Fixation Type, 2023-2030 33.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2030 34. Middle East Africa External Fixator Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2023-2030 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa External Fixator Market Analysis and Forecasts, 2023-2030 35.1. Market Size (Value) Estimates & Forecast By Product’s, 2023-2030 35.2. Market Size (Value) Estimates & Forecast By Fixation Type, 2023-2030 35.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2030 36. GCC Countries External Fixator Market Analysis and Forecasts, 2023-2030 36.1. Market Size (Value) Estimates & Forecast By Product’s, 2023-2030 36.2. Market Size (Value) Estimates & Forecast By Fixation Type, 2023-2030 36.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2030 37. Egypt External Fixator Market Analysis and Forecasts, 2023-2030 37.1. Market Size (Value) Estimates & Forecast By Product’s, 2023-2030 37.2. Market Size (Value) Estimates & Forecast By Fixation Type, 2023-2030 37.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2030 38. Nigeria External Fixator Market Analysis and Forecasts, 2023-2030 38.1. Market Size (Value) Estimates & Forecast By Product’s, 2023-2030 38.2. Market Size (Value) Estimates & Forecast By Fixation Type, 2023-2030 38.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2030 39. Rest of ME&A External Fixator Market Analysis and Forecasts, 2023-2030 39.1. Market Size (Value) Estimates & Forecast By Product’s, 2023-2030 39.2. Market Size (Value) Estimates & Forecast By Fixation Type, 2023-2030 39.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2030 40. South America External Fixator Market Analysis and Forecasts, 2023-2030 40.1. Market Size (Value) Estimates & Forecast By Product’s, 2023-2030 40.2. Market Size (Value) Estimates & Forecast By Fixation Type, 2023-2030 40.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2030 41. South America External Fixator Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2023-2030 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil External Fixator Market Analysis and Forecasts, 2023-2030 42.1. Market Size (Value) Estimates & Forecast By Product’s, 2023-2030 42.2. Market Size (Value) Estimates & Forecast By Fixation Type, 2023-2030 42.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2030 43. Argentina External Fixator Market Analysis and Forecasts, 2023-2030 43.1. Market Size (Value) Estimates & Forecast By Product’s, 2023-2030 43.2. Market Size (Value) Estimates & Forecast By Fixation Type, 2023-2030 43.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2030 44. Rest of South America External Fixator Market Analysis and Forecasts, 2023-2030 44.1. Market Size (Value) Estimates & Forecast By Product’s, 2023-2030 44.2. Market Size (Value) Estimates & Forecast By Fixation Type, 2023-2030 44.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2030 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the External Fixator Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Fiber Grades, and R&D Investment 45.2.2. New Grade Launches and Grade Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment, and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures, and Strategic Alliances/ Sales Agreements 45.3. Company Profile: Key Players 45.3.1. Medtronic 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Grade Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Johnson & Johnson Services, Inc. (DePuy Synthes) 45.3.3. Stryker 45.3.4. Zimmer Biomet 45.3.5. Smith+Nephew 45.3.6. Orthofix Medical, Inc. 45.3.7. Ortho-SUV Ltd. 45.3.8. Response Ortho 45.3.9. Tasarimmed Tıbbi Mamuller San. Tic A.Ş. 45.3.10. Auxein Medical 45.3.11. Acumed 46.Primary Key Insights