PUBLISHER: The Business Research Company | PRODUCT CODE: 1546489
PUBLISHER: The Business Research Company | PRODUCT CODE: 1546489
Fracture fixation products are crucial medical devices employed to stabilize and support fractured bones as they heal. They play a vital role in orthopedic surgery and trauma care by ensuring proper alignment of bone fragments, promoting healing, and restoring functionality.
These products encompass internal fixation devices, external fixation devices, small bone fracture management products, and other specialized solutions. Internal fixation devices are directly applied to or within the bone to secure fractured fragments during healing, thereby enhancing alignment and stability. These devices are utilized across various anatomical regions including upper extremities, hips and pelvis, and lower extremities, employing materials such as metallic fixators, bio-absorbable fixators, among others. They are utilized by diverse end-users including hospitals, clinics, orthopedic centers, and ambulatory surgical centers.
The fracture fixation products market research report is one of a series of new reports from The Business Research Company that provides fracture fixation products market statistics, including fracture fixation products industry global market size, regional shares, competitors with a fracture fixation products market share, detailed fracture fixation products market segments, market trends and opportunities, and any further data you may need to thrive in the fracture fixation products industry. This fracture fixation products market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The fracture fixation products market size has grown strongly in recent years. It will grow from $9.77 billion in 2023 to $10.54 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth observed in the historical period can be attributed to increased awareness of fracture fixation products, rising demand for medical devices, cost-effective labor, higher disposable incomes, and the growing popularity of minimally invasive surgeries.
The fracture fixation products market size is expected to see strong growth in the next few years. It will grow to $14.35 billion in 2028 at a compound annual growth rate (CAGR) of 8%. Anticipated growth in the forecast period is driven by the rising demand for internal fixation devices, expanding use of computer-assisted external fixators, increasing demand for rib fracture repair systems, favorable reimbursement policies, and synergistic effects of growth factors such as VEGF and BMP-4. Key trends expected in this period include the integration of 3D printing technology, greater adoption of bioabsorbable fixators, expanded healthcare insurance coverage for fracture fixation procedures, collaborative research endeavors between orthopedic surgeons and researchers, and a heightened focus on sustainability and biocompatibility in implants.
The increase in osteoporosis and osteoarthritis prevalence is expected to drive growth in the fracture fixation products market. Osteoporosis weakens bones, making them more susceptible to fractures, while osteoarthritis causes joint cartilage breakdown, pain, and reduced mobility. These conditions are becoming more common due to longer lifespans, higher obesity rates, and increased sports injuries. Fracture fixation products are essential for stabilizing weakened bones prone to fractures in osteoporosis and supporting and repairing joints damaged by osteoarthritis. For instance, data from the Australian Institute of Health and Welfare shows a rise in hospitalizations for osteoarthritis among 50 to 54-year-olds, from 14,993 in 2019-20 to 15,628 in 2021-22. Therefore, the prevalence of osteoporosis and osteoarthritis is a key driver of growth in the fracture fixation products market.
Leading companies in the fracture fixation products market are focusing on developing advanced intramedullary nailing systems to enhance surgical outcomes and patient recovery. These systems are used in orthopedic surgery to stabilize fractures in long bones such as the femur and tibia. For example, in March 2024, Stryker Corporation launched the Gamma4 Hip Fracture Nailing System in Europe, representing the latest generation of these devices. The Gamma4 system improves surgical workflows and enhances surgical techniques through refined processes and standardized procedures, aiming to optimize usability and patient outcomes.
In July 2022, Acumed LLC, a US-based medical device manufacturer, completed the acquisition of ExsoMed Corporation for an undisclosed sum. This acquisition incorporates ExsoMed's innovative products, such as intramedullary threaded nails and angled screws, into Acumed's extensive portfolio of upper extremity solutions. By integrating these offerings, Acumed enhances its capability to provide surgeons with a wider array of options for treating both straightforward and intricate hand and wrist injuries. ExsoMed Corporation, based in the US, specializes in manufacturing fracture fixation products.
Major companies operating in the fracture fixation products market are Johnson and Johnson, Medtronic Plc, Stryker Corporation, Zimmer Biomet Holdings Inc, Olympus Corporation, Smith and Nephew plc, KARL STORZ SE & Co KG, NuVasive Inc., Conmed Corporation, Globus Medical Inc., Wright Medical Group N.V., Orthofix Medical Inc., KLS Martin SE & Co. KG, Richard Wolf GmbH, Paragon 28 Inc., Corin Medical Holdings, Acumed LLC, Narang Medical Ltd., GPC Medical Ltd., Inion Oy, Vast Ortho Inc, Extremity Medical LLC, Citieffe s.r.l., Bioretec Ltd., Arthrex Inc
North America was the largest region in the fracture fixation products market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the fracture fixation products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the fracture fixation products market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The fracture fixation products market consists of sales of stainless steels, cobalt-chrome alloys, and Ti alloys fracture fixation products. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Fracture Fixation Products Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on fracture fixation products market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for fracture fixation products ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The fracture fixation products market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.