The orthopedic trauma devices, including external fixators, are specially manufactured to treat orthopedic disorders and treat bone fractures. In recent years, the utilization of external fixators has increased greatly as they curtail treatment time while requiring negligible surgical intervention. Computer-assisted external fixators have gained traction in the external fixators market for deformity correction and fracture fixation. As external fixators require less surgical intervention, patients' shifting preference for minimally invasive surgeries (MISs) and treatments are benefitting the external fixators market.
MARKET SCOPE
The "Global External Fixators Market Analysis to 2028" is a specialized and in-depth study of the medical devices industry with a special focus on the global market trend analysis. The report aims to provide an overview of the External fixators market with detailed market segmentation by type, end use, and geography. The report provides key statistics on the market status of the leading External fixators market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global External fixators market is segmented into unilateral and modular external fixators, circular and modular external fixators.
- On the basis of end use, the market is segmented into orthopedic deformities, fracture fixation, limb correction, others.
MARKET DYNAMICS
Drivers:
- Rise in the incidences of several bone degenerative diseases.
- Rise in the geriatric population.
- Increasing sports injuries.
- Rising preferences of minimally invasive surgeries.
Restraints:
- The lack of skilled orthopaedic surgeons is the major restraining factor for this market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The External fixators market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the External fixators market in these regions.
IMPACT OF COVID-19 ON EXTERNAL FIXATORS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the External fixators market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from External fixators market are anticipated to lucrative growth opportunities in the future with the rising demand for External fixators in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the External fixators market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Stryker Corporation
- DePuy Synthes (Johnson & Johnson Services, Inc.)
- Smith & Nephew plc
- Medtronic Kanghui Orthopedics (Medtronic plc)
- DJO Global, Inc.
- Zimmer Biomet Holdings, Inc.
- Orthofix International N.V.
- Response Ortho LLC
- Wright Medical Group N.V.
- Integra LifeSciences Corporation