External Fixator Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025
- Transparency Market Research
- Medical Equipments
External fixator devices are used to stabilize and support long bone open fractures to help the patient carry body’s weight as well as movement. Schanz screws, connecting rods, and clamps are used in case of unipolar external fixators. 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. The major advantage of external fixator devices is the ability to change dressings without disturbing the fixation system. External fixators are excellent tools to preserve tissue function in case of trauma due to their minimally invasive nature and ergonomic designs.
Rise in global prevalence rate of osteoporosis, continuous research and development activities by major players to reduce the risk of infection, 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. The emergence of new entrants to address demand for proper care among significant population base is likely to fuel the growth of the global external fixator devices market. However, issues related to pin tract infections and neurovascular surgery are likely to restrain the global external fixator devices market.
The global external fixator devices market can be segmented based on product type, patient type, extremity, end-user, and region. Based on product type, the global external fixator devices market can be categorized into tubular fixators, circular fixators, and hybrid fixators. In terms of patient type, the global external fixator devices market can be bifurcated into adult and pediatric. Based on extremity, the global external fixator devices market can be divided into ankle and foot fractures, hip and pelvis fractures, tibia and femur fractures, hand and wrist fractures, shoulder and elbow fractures, rib fractures, and others. The prevalence of lower extremity bone fractures is relatively higher than bone fractures in upper extremities. In terms of end-user, the global external fixator devices market can be categorized into ambulatory surgical centers, orthopedic clinics, trauma centers, and hospitals.
In terms of region, the global external fixator devices market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is projected to account for a major share of the global external fixator devices market in terms of revenue during the forecast period. External fixator devices market is attributed to significant population base for degenerative disease of bones and joints, strong brand value of major players in the region, favorable reimbursement coverage for orthopedic surgical procedures, and rise in incidence rate of trauma related injuries among population aged above 65 years. The external fixator devices market in Asia Pacific is expected to expand at a relatively higher growth rate in terms of revenue from 2017 to 2025, owing to significant patient base demanding affordable care, rapid urbanization in the high growth potential developing countries, and improving health care infrastructure.
Rise in government initiatives for improvement in health care infrastructure in developing countries with advanced instrumentations as well as skilled workforce presents significant opportunity in the global external fixator devices market during the forecast period. Aggressive marketing strategies by major players to strengthen distribution network in emerging countries is a growing trend in the global external fixator devices market.
Key players operating in the global external fixator devices market are 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, and Cardinal Health, among others.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Have query on this report?Make an Enquiry
The team was the biggest help to us. Not only were we provided with customized solutions but also we were guided through the most complicated situations. The information was on-point yet comprehensive. The experience was absolutely satisfying and helped us turn many challenges into opportunities.
Ours is a startup with a unique set of challenges and we were therefore hesitant but the team totally put us at ease with their knowledge and expertise. Our business and its challenges were understood perfectly and help was extended accordingly. The tailor made approach really helped us gain the most informative insights.
The report repository is absolutely impressive –updated and exhaustive in terms of markets covered and information provides. Besides, with the support extended to us by the team, we could reduce costs as well as move to sustainable growth. This really helped us tap into new opportunities. Happy to have gone ahead with ResearchMos.us.
We have had a long term engagement with ResearchMoz.us and never have we felt that the work done and help extended were below flawless. The report repository is one of the best one can hope to tap into. Recently, our partner businesses opted for consultancy services and they are all thrilled with the outcome.
Insights from reports helped us improve our profit margins significantly. Most of the knowledge we needed on the market were provided to us on a granular basis. From trends, and drivers to competitive analysis, the information was not just crisp but also insightful. That helped us chart a robust growth strategy and as of now we are happy to state that we are reaping big benefits.
More from Medical Equipments
Medical DevicesImpact of Chinas Medical Devices Market-Thematic Research
Medical DevicesGenomics-Thematic Research