The external fixators market is likely to continue its steady growth on account of the widespread prevalence of osteoporosis coupled with the rise in accidental fractures. The external fixators market is anticipated to increase at a great CAGR of 8.5% during the report period (2018–2028), with external fixators market valuation projected to surpass US$ 3 billion by 2028 end. According to the FMI external fixators market report, technologically advanced and innovative external fixators are anticipated to bring gains to global external fixators market.
In recent years, orthopedic treatments have witnessed a paradigm shift from conventional highly-invasive to minimally-invasive procedures as the later promises early return-to-motion with negligible infection risks. The computer-aided external fixators have been built upon the strengths of conventional external fixators by boosting the device convenience and versatility in complex cases. The FMI report on external fixators market opines that computer-aided external fixators could witness increased adoption, expanding considerably in the forthcoming years.
“Alternative orthopedic disorders’ treatment options, including bone glue designed for joint replacement, could hinder global external fixators market growth considerably. Several external fixators’ manufacturers are prioritizing novel technologically-advanced product development, but stringent rules and regulations in tandem with the lengthy approval procedures are making market-penetration challenging for new devices. This is prompting patients to opt for external fixators’ alternative. Additionally, widespread prevalence of surgical-site infections in the case of orthopedic trauma operations over surgical specialties, is another vital factor ebbing progress of external fixators market,” says a lead analyst at Future Market Insights.
Amid the numerous challenges in external fixators market, manufacturers are increasing focusing on novel product launches, mergers, expansion, acquisitions, and deals, while they implement growth strategies to proliferate the sales of their offerings in broader geographies. As per FMI external fixators market report some manufacturers are prioritizing NPD to reinforce their footprint in Asia Pacific region, which is the hotbed of opportunities in external fixators market. External fixators’ manufacturers are leveraging 3D printing to build patient-focused devices with complex internal structures. Owing to 3D printing’s myriad benefits in orthopedic industry, the inclusion is expected to fuel sales of external fixators.
According to FMI report on external fixators market, the Mughal players in external fixators market, including the leading four players Stryker Corporation, Smith & Nephew, DePuy Synthesis, and Zimmer, would together hold half of the overall external fixators market share. The report opines that external fixators market is likely to remain highly consolidated, with most of the growth opportunities emerging in North America region. However, the report comprehends that a fortified global external fixators market will result in high-priced devices.
Geographically, North America is projected to hold roughly 35% share of external fixators market, however, New Zealand and Australia are anticipated to present most lucrative growth opportunities in Asia Pacific market, trailed by Latin America and the MEA. The external fixators’ manufacturers are targeting emerging markets owing to increased procedural awareness in tandem with sophisticated diagnostics capabilities in these regions, propelled by proliferating demand for affordable and quality healthcare.
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