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| Global External Fixators Market Size |
External fixators are orthopedic devices used for temporary bone fixation during the treatment of fractures and deformities. They consist of pins or screws inserted into bones along with connecting rods externally fitted to the limb. External fixators offer a minimally invasive technique to stabilize fractures without surgery, reducing risk of infection and allowing early mobilization. Recent years have witnessed continuous technological advances in external fixators including innovative designs, improved precision, and functionality. New generations of fixators feature adjustable and multi-axial constructs for better accuracy and stability during bone healing. Advancements such as carbon fiber fixation frames provide enhanced strength-to-weight ratio and patient comfort.
The global External Fixators Market is estimated to be valued at US$ 1319.55 Mn in 2023 and is expected to exhibit a CAGR of 4.3% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The growing adoption of advanced fixator systems fuelled by favourable clinical outcomes and advantages over conventional fixation devices is a major trend driving the external fixators market. Newer generations of external fixators offer better anchorage, multifunctional clamps, and precise reduction and alignment of fractures. Computer-assisted fixator systems facilitate precision in application and intraoperative adjustments without repeated fluoroscopy. These technologically advanced fixators allow customized treatment and promote bone healing. Furthermore, the demand for minimally invasive surgeries and preference for limb salvage procedures are enhancing the uptake of external fixation over other traditional bone fixation methods.
Segment Analysis
The global external fixators market is dominated by unilateral and bilateral
external fixator segments. The bilateral external fixator segment accounted for
the largest market share in 2021, owing to its advantage of allowing flexion
and extension of joints as well as better stabilization of fractures compared
to unilateral fixators.
Key Takeaways
Global
External Fixators Market Size is estimated to be valued at US$ 1319.55 Mn in 2023 and is expected to exhibit a CAGR of 4.3% over the forecast period
2024 to 2031.
Regional analysis: North America accounted for the largest regional market
share in 2021 and is expected to maintain its dominance over the forecast
period. This can be attributed to the rising geriatric population in the US and
Canada that is prone to bone fractures. Moreover, presence of major market
players and advanced healthcare infrastructure are supporting market growth in
the region.
Key players: Key players operating in the external fixators market are 3M,
MAPEI S.p.A., Fosroc, Inc., Sika AG, Evonik, Chembond Chemicals Limited, ACC
Limited, Flowcrete Group Ltd., SWC Brother Company Limited, and Cera-Chem Pvt.
Ltd. 3M is one of the leading manufacturer of external fixators globally, owing
to its extensive product portfolio and robust distribution network across major
markets.
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