The global external fixators market size was valued at USD 2.10 Bn in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 8.5% from 2023 to 2030. External fixators are orthopedic devices used to stabilize and hold bones and joints in place during the healing process. These fixators are attached to the skin with pins or wires and are connected externally to the affected limb bone or bones. They are commonly used to stabilize fractures, dislocated bones, and other bone injuries of limbs such as arms and legs. The growing number of trauma and accident cases across the world is a major factor which is expected to drive the growth of the global external fixators market in the forthcoming years. Additionally, increasing prevalence of bone-related diseases such as osteoporosis is also anticipated to boost demand for these fixators over the forecast period.

Market Dynamics:

The global external fixators market is driven by the rising number of road accidents and trauma cases globally. According to the World Health Organization (WHO), around 1.35 million people die due to road accidents each year across the globe. Moreover, growing geriatric population that is more prone to bone fractures is also positively impacting the market growth. However, high cost of these fixators and complications associated with fixation such as pin tract infection are expected to hamper market growth to some extent. On the flip side, the ongoing development of medical device innovating external fixator designs for better treatment is estimated to present lucrative opportunities over the forecast period.

Key Features of the Study:

• This report provides in-depth analysis of the global external fixators market, and provides market size (USD Billion) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global external fixators market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Stryker Corporation, Zimmer Biomet Holdings, Inc., Smith & Nephew plc, DePuy Synthes (Johnson & Johnson), and Medtronic
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global external fixators market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global external fixators market.

Detailed Segmentation-

• By Product Type
  
  • Manual Fixators
  • Computer-Aided Fixators
• By Fixation Type
  
  • Unilateral and Bilateral
  • Circular
  • Hybrid & Others
• By Application
  • Orthopedic Deformities
  • Fracture Fixation
  • Infected Fracture
  • Limb Correction
  • Others
• By End User
  • Hospitals
  • Ambulatory Surgical Centers
  • Orthopedic and Trauma Centers
• By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa
• Company Profiles:
  • Johnson & Johnson Services, Inc. (DePuy Synthes)
  • Stryker
  • Zimmer Biomet
  • Smith+Nephew
  • Orthofix Medical, Inc.
  • Ortho-SUV Ltd.
  • Braun Melsungen AG
  • Response Ortho
  • Tasarimmed Tıbbi Mamuller San. Tic A.Åž.
  • Auxein Medical
  • Acumed
  • AOI Medical
  • Advanced Orthopaedic Solutions
  • Citieffe s.r.l.
  • Wright Medical