External Fixators Market, by Product Type, by Fixation Type, by Indication, by End User, and by Region - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028

The external fixators are used in surgical procedures to immobilize the bones and to allow the bone fractures to heal. External fixators provide stability to the bones and soft tissues after serious ruptures in the soft tissues or bones. The bone external fixators are used to correct bone misalignment, protect soft tissue after bone injury, and to restore limb length. The external fixators also ensure the ideal compression, extension, or neutralization of bone placement while allowing movement of the nearby joints. They not only aid in setting the bones correctly but also help to minimize muscle atrophy and edema (the buildup of excess fluid) caused by the total immobilization of a limb.

Market Dynamics

The increasing incidence of fractures globally is expected to augment the growth of global external fixator market. According to the U.S. National Library of Medicine report from December 2020, the incidence of fractures were approximately 1,229 fractures per 100,000 individuals in 2020 in the U.S. According to the same source, the incidence of bone fractures depending on the location of the bones is given below:

Fracture Men: n/100,000 Women: n/100,000

Distal Radius 108.2 292.4

Proximal femur 123.2 237.1

Ankle 100.3 152.5

Proximal humerus 59.2 142.5

Metacarpal 125.6 52.7

Moreover, key players providing reimbursements for the external fixators with various government insurance policies such as Medicare in U.S., is expected to drive the market over the forecast period.

For instance, In 2021, DePuy Synthes, a medical device company stated that their products such as MAXFRAME Multi-Axial Correction System, is reimbursed by the Medicare in United states. The reimbursement for application of uniplanar and external fixation device in hospital outpatients and ambulatory surgical centers is as follows-

CPT CODE DESCRIPTION HOSPITAL OUT-PATIENT AMBULATORY SURGICAL CENTERS

20690 Application of a uniplanar, (pins or wires in one plane) unilateral, external fixation device $6,265 $4,194

Key features of the study:

• This report studies the current scenario as well as the future potential of the global external fixators market. The market for external fixators market is segmented on basis of product type, fixation type, indication, end user and region.
• This report provides in-depth analysis of the global external fixators market, and provides market size (US$ Mn) and compound annual growth rate (CAGR) (%) for the forecast period (2021-2028)
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market. It provides valuable insights about market drivers, restraints, opportunities, country outlook, and competitive strategies adopted by leading players.
• It profiles leading players in the global external fixators market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, key developments, and future plans.
• Insights from this report would allow marketers and management authorities of companies to make informed decisions with respect to future market expansion and marketing tactics
• The global external fixators market report caters to various stakeholders in this industry, including investors, product developers and manufacturers, distributors, healthcare organizations, research institutes, new entrants, and financial analysts
• Stakeholders would greatly benefit in decision making through various strategy matrices used in analyzing the global external fixators market

Detailed Segmentation:

Global External Fixators Market, By Product Type:

• Manual Fixators
• Computer-Assisted Fixators

Global External Fixators Market, By Fixation Type :

• Unilateral Fixator [Modular AO Type]
• Circular Fixators
• Hybrid

Global External Fixators Market, By Indication :

• Fractures with soft-tissue damage
• Polytrauma - damage control surgery
• Skeletal infection
• Corrective surgery (Limb Correction, Orthopedic Deformities)

Global External Fixators Market, By End User :

• Hospitals
• Ambulatory Surgical Centers
• Orthopedic Clinics

Global External Fixators Market, By Region:

• North America

By Country:

• U.S.
• Canada
• Latin America

By Country:

• Brazil
• Mexico
• Argentina
• Rest of Latin America
• Europe

By Country:

• Germany
• U.K.
• France
• Italy
• Spain
• Russia
• Rest of Europe
• Asia Pacific

By Country:

• China
• India
• Japan
• Australia
• South Korea
• ASEAN
• Rest of Asia Pacific
• Middle East

By Country:

• China
• India
• Japan
• Australia
• South Korea
• ASEAN
• Rest of Asia Pacific
• Africa

By Country:

• China
• India
• Japan
• Australia
• South Korea
• ASEAN
• Rest of Asia Pacific



Company Profiles

• Johnson & Johnson Services, Inc. (DePuy Synthes).*
• Company Overview
• Material Portfolio
• Financial Performance
• Key Highlights
• Market Strategies
• Double Medical Technology Inc.
• Orthofix Holdings, Inc.
• Ortho-SUV Ltd.
• Response Ortho LLC
• Smith & Nephew
• Stryker Corporation
• Zimmer Biomet
• Auxein Medical
• Acumed
• Tasarimmed Tıbbi Mamuller San. Tic A.Ş
• Orthopaedic Implant Company (“OIC”)
• Gexfix SA
• WishBone Medical, Inc.
• Matrix Meditech

“*” marked represents similar segmentation in other categories in the respective section.