Fracture Fixation Product Fracture Fixation Products Market

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: 

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