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Fracture Fixation Product Market - Global Industry Analysis

Fracture Fixation Product Market (Internal Fixation Product And External Fixation Product) For Metallic Fixators,Bioabsorbable Fixators And Others: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends And Forecast, 2020 – 2028

Published Date: 12-Jun-2021 Category: Medical Device Report Format : PDF Pages: 160 Report Code: ZMR-15 Status : Published

The global Fracture Fixation Product market accounted for USD 9.1 Billion in 2020 and is expected to reach USD 18.9 Billion by 2028, growing at a CAGR of around 9.5% between 2021 and 2028.

Description

Market Overview    

The global Fracture Fixation Product market accounted for USD 9.1 Billion in 2020 and is expected to reach USD 18.9 Billion by 2028, growing at a CAGR of around 9.5% between 2021 and 2028.   

Fracture fixing products are used to improve skeletal mobility, eliminate soft tissue problems, and speed up recovery. A fractured bone must be carefully stabilised and maintained until it can withstand the weight and movement of the body. Fracture fixation products are used to stabilise the broken bone, allowing the damaged extremity to regain full mobility and function sooner. Fracture fixing products are often made of metal composites or bioabsorbable materials. Some of the significant trends in the global fracture fixing products market include the movement from metallic to bioabsorable fixators. Bioabsorable fixators are ultra-strong polymer implants, such as polyglycolic acid polymers, used to stabilise fractures, bone transplants, and fusions. It also decreases the danger of implant-related stress shielding and eliminates the necessity for a removal procedure.

The fracture fixation products market would expand due to the growing frequency of sports injuries, violence, traffic accidents, and increased use of orthopaedic surgery for osteoarthritis.

COVID-19 Impact Analysis

Many countries across the world imposed strict lockdowns to control the spread of Covid-19 and as a result, people had to stay indoors which has lead to no movement on the roads and very less accidents happening everywhere in the world. This has impacted in Fracture Fixation Product negatively. Various sports events such as Summer Olympics 2020 organized in Tokyo are postponed as a result of covid-19 pandemic across countries. Also, the governments restricted the public gatherings which reduced the violence and injuries causing due to it. However, the lockdowns are getting lifted in the countries and traveling of people is being allowed and this can have a positive effect on Fracture Fixation Product market. The market will remain positive as things are getting back to normal.

The significant increase in the global Fracture Fixation Product market size in 2020 is estimated on the basis of the COVID-19 outbreak and its negative impact on the economies and industries across the globe. Various scenarios have been analyzed on the basis of inputs from various secondary sources and the current data available about the situation.

Growth Factors

Rising sports involvement, the frequency of road accidents, and more healthcare awareness are all driving the worldwide fracture fixation products market forward. The expansion of the fracture fixation products market is being fueled by technical advancements in fixation products as well as increased government funding and grants in the sector. In the coming years, the worldwide fracture fixation products market is expected to rise due to the strong expansion of healthcare infrastructure and increased government funding.

The market for fracture fixation products is projected to be hindered by immunological and inflammatory reactions. The market's growth is expected to be hampered by high product costs and a lack of customer understanding.

Report Scope: 

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Type Segment Analysis Preview 

The type segments covered include Internal Fixation Product and External Fixation. The fracture fixation product market was dominated by internal fixation products. The need for fracture fixation devices is predicted to rise as the need for plates, screws, and nails for surgical implants for bone repairs grows. Within the projection period, the external fixation product sectors are also predicted to increase significantly.

Application Segment Analysis Preview 

Based on applicaton, the market is segmented into Metallic Fixators, Bioabsorbable fixators and others. Bioabsorbable fixators emerged as the most profitable composition segment in 2020, according to global revenue. Rising sports injuries, road accidents, and societal fitness concerns are all fueling this segment's rise.

Key Market Players & Competitive Landscape

Some of the major players of global Fracture Fixation Product market includes Stryker Corporation, Zimmer Biomet Holdings,DePuySynthes Companies, Néosteo SASand Smith & Nephew amongst others

The global Fracture Fixation Product Market is segmented as follows:

By Type

  • Internal Fixation Product
  • External Fixation Product

By Application

  • Metallic Fixators
  • Bioabsorbable Fixators
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter No. 1 Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2 Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Type
        • 2.1.1.2. Market Attractiveness Analysis, By Application
        • 2.1.1.3. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Fracture Fixation Product Market, 2016 – 2028 (USD Billion)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 Fracture Fixation Product Market – Type Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Type, 2020 & 2028
    • 4.2. Internal Fixation Products(PEMFC)
      • 4.2.1. Market Size and Forecast, By Region (USD Billion)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. External Fixation Products(MCFC)
      • 4.3.1. Market Size and Forecast, By Region (USD Billion)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 Fracture Fixation Product Market – Application Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By Application, 2020 & 2028
    • 5.2. Metallic
      • 5.2.1. Market Size and Forecast, By Region (USD Billion)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Bioabsorbable
      • 5.3.1. Market Size and Forecast, By Region (USD Billion)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.4. Others
      • 5.4.1. Market Size and Forecast, By Region (USD Billion)
      • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 6: Fracture Fixation Product Market – Industry Analysis
    • 6.1. Overview
      • 6.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 6.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Billion)
    • 6.2. North America
      • 6.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.2.2. North America Market Revenue, By Type, 2016 – 2028
      • 6.2.3. North America Market Revenue, By Application, 2016 – 2028
      • 6.2.4. U.S.
        • 6.2.4.1. U.S. Market Revenue, By Type, 2016 – 2028
        • 6.2.4.2. U.S. Market Revenue, By Application, 2016 – 2028
      • 6.2.5. Canada
        • 6.2.5.1. Canada Market Revenue, By Type, 2016 – 2028
        • 6.2.5.2. Canada Market Revenue, By Application, 2016 – 2028
      • 6.2.6. Mexico
        • 6.2.6.1. Mexico Market Revenue, By Type, 2016 – 2028
        • 6.2.6.2. Mexico Market Revenue, By Application, 2016 – 2028
    • 6.3. Europe
      • 6.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.3.2. Europe Market Revenue, By Type, 2016 – 2028
      • 6.3.3. Europe Market Revenue, By Application, 2016 – 2028
      • 6.3.4. Germany
        • 6.3.4.1. Germany Market Revenue, By Type, 2016 – 2028
        • 6.3.4.2. Germany Market Revenue, By Application, 2016 – 2028
      • 6.3.5. France
        • 6.3.5.1. France Market Revenue, By Type, 2016 – 2028
        • 6.3.5.2. France Market Revenue, By Application, 2016 – 2028
      • 6.3.6. U.K.
        • 6.3.6.1. U.K. Market Revenue, By Type, 2016 – 2028
        • 6.3.6.2. U.K. Market Revenue, By Application, 2016 – 2028
      • 6.3.7. Italy
        • 6.3.7.1. Italy Market Revenue, By Type, 2016 – 2028
        • 6.3.7.2. Italy Market Revenue, By Application, 2016 – 2028
      • 6.3.8. Spain
        • 6.3.8.1. Spain Market Revenue, By Type, 2016 – 2028
        • 6.3.8.2. Spain Market Revenue, By Application, 2016 – 2028
      • 6.3.9. Rest of Europe
        • 6.3.9.1. Rest of Europe Market Revenue, By Type, 2016 – 2028
        • 6.3.9.2. Rest of Europe Market Revenue, By Application, 2016 – 2028
    • 6.4. Asia Pacific
      • 6.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.4.2. Asia Pacific Market Revenue, By Type, 2016 – 2028
      • 6.4.3. Asia Pacific Market Revenue, By Application, 2016 – 2028
      • 6.4.4. China
        • 6.4.4.1. China Market Revenue, By Type, 2016 – 2028
        • 6.4.4.2. China Market Revenue, By Application, 2016 – 2028
      • 6.4.5. Japan
        • 6.4.5.1. Japan Market Revenue, By Type, 2016 – 2028
        • 6.4.5.2. Japan Market Revenue, By Application, 2016 – 2028
      • 6.4.6. India
        • 6.4.6.1. India Market Revenue, By Type, 2016 – 2028
        • 6.4.6.2. India Market Revenue, By Application, 2016 – 2028
      • 6.4.7. South Korea
        • 6.4.7.1. South Korea Market Revenue, By Type, 2016 – 2028
        • 6.4.7.2. South Korea Market Revenue, By Application, 2016 – 2028
      • 6.4.8. South-East Asia
        • 6.4.8.1. South-East Asia Market Revenue, By Type, 2016 – 2028
        • 6.4.8.2. South-East Asia Market Revenue, By Application, 2016 – 2028
      • 6.4.9. Rest of Asia Pacific
        • 6.4.9.1. Rest of Asia Pacific Market Revenue, By Type, 2016 – 2028
        • 6.4.9.2. Rest of Asia Pacific Market Revenue, By Application, 2016 – 2028
    • 6.5. Latin America
      • 6.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.5.2. Latin America Market Revenue, By Type, 2016 – 2028
      • 6.5.3. Latin America Market Revenue, By Application, 2016 – 2028
      • 6.5.4. Brazil
        • 6.5.4.1. Brazil Market Revenue, By Type, 2016 – 2028
        • 6.5.4.2. Brazil Market Revenue, By Application, 2016 – 2028
      • 6.5.5. Argentina
        • 6.5.5.1. Argentina Market Revenue, By Type, 2016 – 2028
        • 6.5.5.2. Argentina Market Revenue, By Application, 2016 – 2028
      • 6.5.6. Rest of Latin America
        • 6.5.6.1. Rest of Latin America Market Revenue, By Type, 2016 – 2028
        • 6.5.6.2. Rest of Latin America Market Revenue, By Application, 2016 – 2028
    • 6.6. The Middle-East and Africa
      • 6.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.6.2. The Middle-East and Africa Market Revenue, By Type, 2016 – 2028
      • 6.6.3. The Middle-East and Africa Market Revenue, By Application, 2016 – 2028
      • 6.6.4. GCC Countries
        • 6.6.4.1. GCC Countries Market Revenue, By Type, 2016 – 2028
        • 6.6.4.2. GCC Countries Market Revenue, By Application, 2016 – 2028
      • 6.6.5. South Africa
        • 6.6.5.1. South Africa Market Revenue, By Type, 2016 – 2028
        • 6.6.5.2. South Africa Market Revenue, By Application, 2016 – 2028
      • 6.6.5. Rest of Middle-East Africa
        • 6.6.5.1. Rest of Middle-East Africa Market Revenue, By Type, 2016 – 2028
        • 6.6.5.2. Rest of Middle-East Africa Market Revenue, By Application, 2016 – 2028
  • Chapter No. 7: Fracture Fixation Product Market – Industry Analysis
    • 7.1. Introduction
    • 7.2. Market Drivers
      • 7.2.1. Driving Factor 1 Analysis
      • 7.2.2. Driving Factor 2 Analysis
    • 7.3. Market Restraints
      • 7.3.1. Restraining Factor Analysis
    • 7.4. Market Opportunities
      • 7.4.1. Market Opportunity Analysis
    • 7.5. Porter’s Five Forces Analysis
    • 7.6. PEST Analysis
    • 7.7. Regulatory Landscape
    • 7.8. Technology Landscape
    • 7.9. Regional Market Trends
      • 7.9.1. North America
      • 7.9.2. Europe
      • 7.9.3. Asia Pacific
      • 7.9.4. Latin America
      • 7.9.5. The Middle-East and Africa
    • 7.10. Pricing Analysis
    • 7.11. Value Chain Analysis
    • 7.12. Downstream Buyers
    • 7.13. Distributors/Traders List
  • Chapter No. 8: Competitive Landscape
    • 8.1. Company Market Share Analysis – 2019
      • 8.1.1. Global Fracture Fixation Product Market: Company Market Share, 2019
      • 8.1.2. Global Fracture Fixation Product Market, Company Market Revenue, 2016 – 2019 (USD Billion)
      • 8.1.3. Global Fracture Fixation Product Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 8.1.4. Global Fracture Fixation Product Market: Radar Determinant Chart, 2019
    • 8.2. Strategic Developments
      • 8.2.1. Acquisitions & Mergers
      • 8.2.2. New Type Launch
      • 8.2.3. Regional Expansion
    • 8.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 9: Company Profiles
    • 9.1. Stryker Corporation
      • 9.1.1. Company Overview
      • 9.1.2. Key Executives
      • 9.1.3. Product Portfolio
      • 9.1.4. Financial Overview
      • 9.1.5. Operating Business Segments
      • 9.1.6. Business Performance
      • 9.1.7. Recent Developments
    • 9.2. Zimmer Biomet Huldings
    • 9.3. DePuy Synthes Companies
    • 9.4. Néosteo SAS
    • 9.5. Smith & Nephew
  • Chapter No. 10: Marketing Strategy Analysis
    • 10.1. Marketing Channel
    • 10.2. Direct Marketing
    • 10.3. Indirect Marketing
    • 10.4. Marketing Channel Development Trends
    • 10.5. Economic/Pulitical Environmental Change
  • Chapter No. 11: Research Methodology
    • 11.1. Research Methodology
    • 11.2. Phase I - Secondary Research
    • 11.3. Phase II - Data Modeling
      • 11.3.1. Company Share Analysis Model
      • 11.3.2. Revenue Based Modeling
    • 11.4. Phase III - Primary Research
    • 11.5. Research Limitations
      • 11.5.1. Assumptions

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Fracture Fixation Product market. Zion Research has collected and analyzed key data belong to the global Fracture Fixation Product market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined afterconducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account, while estimating market size. The revenue generated by the leading industry participants in from the sales of Fracture Fixation Product across the world has been calculated through primary and secondary research.

Zion Research employs a combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in validation of findings from secondary research and to understand key trends in the Fracture Fixation Product industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Fracture Fixation Product market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

The primary function of fracture fixation is to stabilize the fractured bone, enable fast healing of the injured bone, and return early mobility and full functionality of the injured body part. There are various fracture fixations products available depending on the injury type such as internal or external fixation products.Internal fixation products are used at the time surgical implants for bone repair while external fixation products are used to stabilize the bone.

The market growth of global fracture fixation products market has been accelerated by the rise in prevalence of osteoporosis and osteoarthritis propelling the demand for joint replacement surgeries. Violence, road accidents, and sports injuries are the major factors driving the growth of fracture fixation product market. However, the immunological and inflammatory reaction are expected to restrict the growth of fracture fixation product market. Nonetheless, technological advancement in the fixation products and increasing government funding and grants in the industry may offer alluring opportunities to the market growth.

Global Fracture Fixation Product Market

Based on the type, the global fracture fixation product market is bifurcated into internal fixation product and external fixation product.Internal fixation was the largest market in the fracture fixation product market.

On The basis of product composition market segmented under metallic fixators, bioabsorbable fixators and other. The bioabsorbable fixators are leading segment in the global market and this trend is expected to continue within the forecast period.

Major regional segments analyzed in this study include North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa.The global fracture fixation product market is dominated by North America.Rising government healthcare expenditure, growing income levels and increasing population are major driving expected to contribute to the growth of fracture fixation products market in Asia-Pacific region.

Key players profiled in the report includeStryker Corporation, Zimmer Biomet Holdings,DePuy Synthes Companies, Néosteo SAS,Smith & Nephew and others.


Frequently Asked Questions

The global Fracture Fixation Product Market was valued at USD 9.1 billion in 2020.

The global Fracture Fixation Product Market is expected to reach USD 18.1 billion by 2028, growing at a CAGR of  9.5% between 2021 to 2028.

Rising sports involvement, the frequency of road accidents, and more healthcare awareness are all driving the worldwide fracture fixation products market forward. The expansion of the fracture fixation products market is being fueled by technical advancements in fixation products as well as increased government funding and grants in the sector.

In 2020, North America accounted towards a major share of Fracture Fixation Product market and will continue to dominate the market over the next few years. However,  Fracture Fixation Product will see a significant growth in Asia Pacific region because of increasing in population.

Some of the major players of global Fracture Fixation Product market includes  Stryker Corporation, Zimmer Biomet Holdings, DePuy Synthes Companies, Néosteo SAS,Smith & Nephew and others. among others . 

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