Over the projected period, an increase in the number of people suffering from bone illnesses such osteoporosis is anticipated to fuel the expansion of the worldwide external fixators market. In Europe, the United States, and Japan, osteoporosis affects about 75 million people, according to the International Osteoporosis Foundation report 2020. Moreover, the rise in fracture instances has raised the demand for external fixators, which is anticipated to fuel market expansion over the forecast period. 8.9 million fracture incidents were reported globally in 2020, according to the International Osteoporosis Foundation report 2020. Due to the rising number of osteoporosis patients in the United States, the North American region is anticipated to have a dominating position in the worldwide external fixators market during the forecast period. During the course of the projected period, risk related to external fixators is anticipated to restrain market growth. The risks and issues connected to external fixators include neurovascular damage, muscular fibrosis, tendon rupture, and others.
According to Coherent Market Insights, The market for External Fixators is anticipated to reach a value of US$ 978.4 million in 2021 and grow at a CAGR of 8.2% during the following five years (2021-2028).
Prominent Companies in the External Fixators Industry:
1. Double Medical Technology Inc.
The company was established in 2004 and has its head office in China. The business makes and sells orthopaedic surgical tools, injection puncture equipment, and other items as part of its business as a manufacturer of orthopaedic devices. In the fields of orthopaedics, wound care, neurosurgery, and general surgery, the company offers services, technology, and equipment.
2. Orthofix Holdings, Inc.
The company was established in 1980 and has its Headquartered in Lewisville, Texas. Orthofix Holdings, Inc. is a holding firm that creates, produces, and sells orthopaedic and spine goods. Orthofix declared that data demonstrating the clinical advantages of Trinity Elite Cellular Bone Allograft in Lumbar Fusion Operations would be published in December 2022.
3. Response Ortho LLC,
The company was established in 2004 and has its Headquartered in New Jersey, United States .Response Ortho develops, produces, and markets novel orthopaedic fixing solutions using cutting-edge fixation technology. Medical devices are created, produced, and sold by Responsive Ortho LLC.
4. Smith & Nephew
The business was established in 1856 and is situated in London , United Kingdom. The company Smith & Nephew plc creates and sells cutting-edge medical equipment. The Group works on endoscopy, advanced wound management, and orthopaedics. Smith & Nephew purchased the Florida-based manufacturer of partial knee implants in January 2022. The firm purchased Integra LifeSciences' extremities orthopaedics division in January 2021.
5. Stryker Corporation
The business was established in 1941 with its headquarters in Kalamazoo, Michigan. The Stryker Corporation creates, produces, and sells specialised surgical and healthcare products. The corporation stated in January 2022 that it will pay almost $3 billion to purchase digital care company Vocera Communications. Stryker announced the acquisition of TMJ Concepts in May 2021.
6. Zimmer Biomet
Its headquarters are in Warsaw, Indiana, and it was formed in 1927. Zimmer creates, develops, produces, and sells orthopaedic goods, including dental prosthetics, knee, hip, shoulder, elbow, foot, and ankle artificial joints. The business revealed its plans to buy Embody, Inc. in January 2023.
7. Acumed
The business was established in 1988 and is based in Hillsboro, Oregon. Acumed creates and manufactures surgical tools in addition to orthopaedic implants for patients. For the rebuilding and repair of trauma injuries, implant products are used. Acumed launched the Ulna Nail 2 System in May 2022, giving patients more options for treating ulna fractures.
8. Matrix Meditech
The business was established in 2004 and has its headquarters in Sanand, Moraiya, and Gujarat. Medical equipment for orthopaedic use is produced by Matrix Meditec. The business offers tools and replacements for hips, joints, the spine, and trauma. Matrix announced the sale of its laboratory service line to Karrington Clinical Laboratory in January 2023.
Definition: In the surgical procedure known as external fixation, Kirschner pins and wires are introduced and secured into the bone before leaving the body to be linked to an external device made of rings and threaded rods that immobilises the injured limb to promote recovery.
