How Has the External Fixation System Market Size Evolved in Recent Years?
The external fixation system market has seen considerable growth due to a variety of factors.
• The external fixation system market has shown strong growth in recent years. It will increase from $1.39 billion in 2024 to $1.5 billion in 2025, with a CAGR of 8.5%.
The growth can be attributed to the rising incidence of fractures, technological advancements, the aging population, the rise of minimally invasive surgeries, and increased healthcare spending.
What are the Market Size and Expected Growth Rates for the External Fixation System Market?
The external fixation system market is expected to maintain its strong growth trajectory in upcoming years.
• The external fixation system market is expected to grow to $2.06 billion by 2029 with a CAGR of 8.1%.
The growth is driven by advancements in automated technologies, rising orthopedic conditions, demand for minimally invasive surgeries, outpatient procedure growth, healthcare infrastructure expansion, and increased R&D investment. Trends include smart system integration, material innovations, healthcare infrastructure investment, and patient-centric care focus.
Which Key Drivers Are Propelling The External Fixation System Market's Growth?
The rise in road accidents is expected to drive the growth of the external fixation system market. Road accidents often lead to traumatic injuries, increasing the need for external fixation systems that stabilize fractured bones. In May 2024, Transport Canada reported a rise in serious injury cases from 8,185 in 2021 to 8,851 in 2022, highlighting the need for such medical devices in trauma care.
What Are The Key Segments Within The Global External Fixation System Market?
The external fixation system market covered in this report is segmented –
1) By Type: Unilateral Fixation Systems, Bilateral Fixation Systems, Hybrid Fixation Systems, Colles Fracture Fixation Systems, Circular Fixation Systems
2) By Manufacturing Technique: Conventionally-Made, Computer-Aided
3) By Application: Orthopedic Deformities, Fracture Fixation, Infected Fracture, Limb Correction, Other Applications
4) By End User: Hospitals, Ambulatory Surgical Centers, Orthopedic And Trauma Centers
Subsegments
1) By Unilateral Fixation Systems: Monolateral Fixators, Single-arm Fixators
2) By Bilateral Fixation Systems: Double-arm Fixators, Dual Fixators
3) By Hybrid Fixation Systems: Combination of Unilateral and Bilateral Fixators, Frame-based Hybrid Fixators
4) By Colles Fracture Fixation Systems: External Fixators for Distal Radius Fractures, Pin-based Fixators for Colles Fractures
5) By Circular Fixation Systems: Ilizarov-type Fixators, Multi-ring Circular Fixators
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What Trends Are Shaping The External Fixation System Market?
Companies in the external fixation system market are focusing on improving fixation systems, like pin-to-bar systems, to enhance surgical efficiency and patient outcomes. A pin-to-bar system stabilizes bones by linking pins to an external rod. In September 2023, Orthofix Medical Inc., a US-based orthopedics company, introduced the Galaxy Fixation Gemini System, a pin-to-bar system designed for fast, efficient fracture stabilization in emergency situations, particularly for lower extremity trauma.
Who Are the Key Players In The External Fixation System Market?
Major companies operating in the external fixation system market are:
• Johnson & Johnson Services Inc.
• Medtronic Plc
• Stryker Corporation
• Zimmer Biomet Holdings
• Smith & Nephew plc
• MicroPort Scientific Corporation
• Orthofix Holdings Inc.
• Paragon 28 Inc.
• OrthoPediatrics Corp.
• Citieffe s.r.l
• Auxein Medical Pvt. Ltd.
• WishBone Medical Inc.
• Siora Surgicals Pvt. Ltd.
• Gexfix SA
• LEDA Orthopaedics Limited
• Orthobullets
• BioMedtrix LLC
• Integra LifeSciences Holdings Corporation
• Response Ortho LLC
• Changzhou Waston Medical Appliance Co. Ltd
• TST Orthopedics
What Are The Regional Insights Into The External Fixation System Market?
North America was the largest region in the external fixation system market in 2024. The regions covered in the external fixation system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
