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.
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
By Application
By Region
List of Figures
FIG NO. 1. Market Attractiveness Analysis, By Type
FIG NO. 2. Market Attractiveness Analysis, By Application
FIG NO. 3. Market Attractiveness Analysis, By Region
FIG NO. 4. Global Fracture Fixation Product Market Revenue, 2016 – 2028 (USD Billion)
FIG NO. 5. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 6. Market Revenue Share, By Type, 2020 & 2028
FIG NO. 7. Global Fracture Fixation Product Market for Internal Fixation Products, Revenue (USD Billion) 2016 – 2028
FIG NO. 8. Comparative Revenue Analysis of Fracture Fixation Product Market for Internal Fixation Products, By Country, 2020 & 2028
FIG NO. 9. Global Fracture Fixation Product Market for External Fixation Products, Revenue (USD Billion) 2016 – 2028
FIG NO. 10. Comparative Revenue Analysis of Fracture Fixation Product Market for External Fixation Products, By Country, 2020 & 2028
FIG NO. 11. Market Revenue Share, By Application, 2020 & 2028
FIG NO. 12. Global Fracture Fixation Product Market for Metallic , Revenue (USD Billion) 2016 – 2028
FIG NO. 14. Comparative Revenue Analysis of Fracture Fixation Product Market for Metallic , By Country, 2020 & 2028
FIG NO. 15. Global Fracture Fixation Product Market for Bioabsorbable , Revenue (USD Billion) 2016 – 2028
FIG NO. 16. Comparative Revenue Analysis of Fracture Fixation Product Market for Bioabsorbable , By Country, 2020 & 2028
FIG NO. 17. Global Fracture Fixation Product Market for Others, Revenue (USD Billion) 2016 – 2028
FIG NO. 18. Comparative Revenue Analysis of Fracture Fixation Product Market for Others, By Country, 2020 & 2028
FIG NO. 19. Global Fracture Fixation Product Market Revenue Share, By Region, 2020 & 2028
FIG NO. 20. North America Fracture Fixation Product Market Revenue, 2016 - 2028 (USD Billion)
FIG NO. 21. Porter’s Five Forces Analysis for Global Fracture Fixation Product Market
FIG NO. 22. PEST Analysis for Global Fracture Fixation Product Market
FIG NO. 23. Pricing Analysis for Global Fracture Fixation Product Market
FIG NO. 24. Value Chain Analysis for Global Fracture Fixation Product Market
FIG NO. 25. Company Share Analysis, 2019
FIG NO. 26. Radar Determinant Chart, 2019
FIG NO. 27. Company Strategic Developments – Heat Map Analysis
FIG NO. 28. Archer Daniels Midland Company Business Segment Revenue Share, 2020 (%)
FIG NO. 29. Archer Daniels Midland Company Geographical Segment Revenue Share, 2020 (%)
FIG NO. 30. Market Channels
FIG NO. 31. Marketing Channel Development Trend
FIG NO. 32. Growth in World Gross Type, 2008-2018
FIG NO. 33. Research Methodology – Detailed View
FIG NO. 34. Research Methodology
List of Tables
TABLE NO. 1. Global Fracture Fixation Product Market: Snapshot
TABLE NO. 2. Quarterly Fracture Fixation Product Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Fracture Fixation Product Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
TABLE NO. 6. Global Fracture Fixation Product Market for Internal Fixation Products, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 7. Global Fracture Fixation Product Market for External Fixation Product, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 8. Global Fracture Fixation Product Market for Bioabsorbable, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 9. Global Fracture Fixation Product Market for Transport, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 10. Global Fracture Fixation Product Market for Others, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 11. Global Fracture Fixation Product Market Revenue, By Region, 2016 – 2028 (USD Billion)
TABLE NO. 12. North America Fracture Fixation Product Market Revenue, By Country, 2016 – 2028 (USD Billion)
TABLE NO. 13. North America Fracture Fixation Product Market Revenue, By Type, 2016 – 2028 (USD Billon)
TABLE NO. 14. North America Fracture Fixation Product Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 15. U.S. Fracture Fixation Product Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 16. U.S. Fracture Fixation Product Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 17. Canada Fracture Fixation Product Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 18. Canada Fracture Fixation Product Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 19. Mexico Fracture Fixation Product Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 20. Mexico Fracture Fixation Product Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 21. Drivers for the Fracture Fixation Product Market: Impact Analysis
TABLE NO. 22. Restraints for the Fracture Fixation Product Market: Impact Analysis
TABLE NO. 23. Major Buyers of Fracture Fixation Product
TABLE NO. 24. Distributors/Traders List of Fracture Fixation Product
TABLE NO. 25. Global Fracture Fixation Product Market, Company Market Revenue, 2016 – 2019 (USD Billion)
TABLE NO. 26: Global Fracture Fixation Product Market, Company Y-o-Y Growth, 2017 – 2019 (USD Billion)
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:
Participants who typically participate in such a process include, but are not limited to:
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:
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:
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.
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.
Request the coronavirus impact analysis across industries and markets
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 .
Zion Market Research
Tel: +1 (844) 845-5245
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No 020-46277770
US OFFICE NO +1 (844) 845-5245
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed