EXTERNAL FIXATORS MARKET ANALYSIS

Regional Analysis

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North America currently dominates the global external fixators market. The region is expected to account for 35.1% of the market share in 2024 and is expected to continue its stronghold over the forecast period. The large market size of the region can be attributed to robust healthcare infrastructure and higher spending on trauma and orthopedic surgeries. With the presence of top medical device companies and advanced research facilities, North America has become a hub for the development of innovative external fixator devices. Moreover, favorable reimbursement policies have ensured the higher adoption of advanced medical technologies in the region.

On the other hand, the Asia Pacific region is poised to exhibit the fastest growth in the external fixators market owing to rising healthcare expenditure and increasing awareness about available treatment options. Rapidly developing economies like China and India provide immense opportunities due to their huge population base experiencing higher incidences of bone fractures. Additionally, these countries are attracting medical tourists from developed markets of North America and Europe due to the availability of quality treatment at affordable prices. This has encouraged local manufacturers to strengthen their product portfolio and enhance supply capabilities to tap into this highly lucrative market.