PUBLISHER: DataM Intelligence | PRODUCT CODE: 1654654
PUBLISHER: DataM Intelligence | PRODUCT CODE: 1654654
The Global External Fixators Market reached US$ 1013.25 million in 2024 and is expected to reach US$ 1488.92 million by 2033, growing at a CAGR of 4.3% during the forecast period 2025-2033.
External fixators are metal devices attached to bones of the arm, leg, or foot using threaded pins or wires. They pass through skin and muscles, inserting into the bone. Most of these devices are outside the body, and some people may need multiple external fixators for their treatment.
Market Dynamics: Drivers & Restraints
Rising Number of Orthopedic Surgeries
The global external fixators market is growing due to the increasing demand for surgical interventions due to conditions like bone fractures, deformities, and joint disorders. These fixators are crucial in stabilizing fractures, correcting deformities, and facilitating post-surgical recovery. The aging population, prone to musculoskeletal disorders, and the rise in sports injuries and road accidents have further fueled the number of orthopedic surgeries, boosting the adoption of external fixators and driving market growth.
For instance, every year over 24,000 orthopaedic surgeries were performed over 2,400 surgical procedures and treating over 250 international patients. Over 100 healthcare professionals, including orthopaedic specialists, rehabilitation specialists, physiotherapists, nurses, and nine specialized surgeons, care for patients.
High Cost of External Fixators
The high cost of external fixators significantly influences the market dynamics, particularly in low- and middle-income countries with limited healthcare budgets. Advanced devices like computer-aided and hybrid fixators often limit adoption, leading patients to opt for more affordable alternative treatments. The need for skilled professionals to operate these devices further increases treatment costs, making them a restraining factor in regions with limited healthcare funding or insurance coverage.
The global External Fixators market is segmented based on, Product Type, Fixation Type, Application, End User and Region.
Manual Fixators segment is expected to dominate the External Fixators market share
The manual fixators segment holds a major portion of the External Fixators market share and is expected to continue to hold a significant portion of the External Fixators market share during the forecast period.
Manual fixators are a popular choice in the global external fixators market due to their cost-effectiveness and widespread use in traditional fracture management. They are particularly popular in developing regions with limited access to advanced healthcare technologies. Despite the rise of computer-aided and hybrid fixators, manual fixators remain a reliable choice for healthcare providers in straightforward fracture cases or budget-conscious regions.
End User:-
Hospitals segment is the fastest-growing segment in External Fixators market share
The hospitals segment is the fastest-growing segment in the External Fixators market share and is expected to hold the market share over the forecast period.
Hospitals are the primary end-users of the global external fixators market, accounting for the largest share of product adoption. They perform most orthopedic surgeries, including complex fracture management and deformity corrections, requiring external fixators. Hospitals have advanced medical infrastructure and skilled healthcare professionals, ensuring efficient application and management. Post-operative care and rehabilitation services further drive demand for external fixators.
North America is expected to hold a significant position in the External Fixators market share
North America holds a substantial position in the External Fixators market and is expected to hold most of the market share driven by advanced healthcare infrastructure, high orthopedic disorders, and increasing road accidents and injuries. Technological advancements in medical devices, such as computer-aided and hybrid fixators, drive market growth. Favourable reimbursement policies and patient and healthcare provider awareness support widespread use. Key market players and a robust research and development ecosystem contribute to North America's growth.
For instance, in September 2024, Paragon 28, Inc. has launched the R3FLEX Stabilization System, designed to restore stability to ankle syndesmosis after ankle fractures or high ankle sprains. Ankle fractures are a common injury, with over 470,000 predicted in 2024. 23% of ankle fractures involve distal tibiofibular syndesmosis injury, while 7-15% of ankle sprains involve isolated injuries of the distal tibiofibular syndesmotic ligaments.
Europe is growing at the fastest pace in the External Fixators market
Europe holds the fastest pace in the External Fixators market and is expected to hold most of the market share due to rise in orthopaedic surgeries, an aging population, increased healthcare spending, and the adoption of innovative technologies. Government funding and orthopedic care initiatives drive market growth. Europe's network of centers ensures consistent demand, and minimally invasive procedures and lightweight, patient-friendly devices contribute to the market's expansion.
For instance, over the past 15 years, Italy has performed 812,639 total knee arthroplasties (TKAs) on over 40 patients, with a 262% increase in surgeries. The incidence rate is expected to rise by 45% by 2050, requiring continuous improvement in surgical techniques. Success in TKA relies on correct component positioning and stable ligament balancing during ROM.
The major global players in the External Fixators market include DePuy Synthes (Johnson & Johnson), Stryker Corporation, Zimmer Biomet Holdings, Inc, Smith & Nephew plc, Orthofix Medical Inc., NuVasive, Inc., Acumed LLC and among others.
The global External Fixators market report delivers a detailed analysis with 61 key tables, more than 59 visually impactful figures, and 210 pages of expert insights, providing a complete view of the market landscape.
Target Audience 2024
Key Market Players
Emerging Market Players
LIST NOT EXHAUSTIVE