The tubular external fixation system market has seen considerable growth due to a variety of factors.
• The market for tubular external fixation systems has experienced robust growth lately. The market is projected to expand from $6.05 billion in 2024 to $6.64 billion in 2025, registering a compound annual growth rate (CAGR) of 9.7%.
The significant increase during the previous years is a result of design and material enhancements, heightened awareness among healthcare professionals, upgraded surgical facilities, improved patient results, and the fulfilling of regulatory approvals and standards.
The tubular external fixation system market is expected to maintain its strong growth trajectory in upcoming years.
• Looking ahead to the coming years, the tubular external fixation system market is on track to experience robust expansion. It anticipates an escalation to $9.49 billion by 2029, with a compound annual growth rate (CAGR) of 9.3%.
This predicted expansion during the forecast period is generally attributed to the support from government initiatives, the transition towards patient-oriented models, ongoing investments in research and development, proliferation of orthopedic clinics and specialized hospitals, and an uptick in osteoporosis cases. The forecast period will likely see the emergence of key trends such as state-of-the-art materials and design breakthroughs, the incorporation of regenerative medicine, advancements in fixation methods, the inclusion of wearable sensors and internet of things (IoT) compatibility, and evolved biomechanics.
The rise in orthopedic injuries is anticipated to fuel the expansion of the tubular external fixation system market. Orthopedic injuries encompass harm or trauma to the musculoskeletal system, which consists of bones, joints, ligaments, tendons, and muscles. The frequency of these injuries is growing due to various reasons such as increased involvement in sporting and physical activities, an older population more susceptible to slips and fractures, and inactive lifestyles contributing to frail muscles and joints. A tubular external fixation system is beneficial for orthopedic injuries as it offers steady and adaptable support to fractured or injured bones while causing minimal interference to the surrounding tissues. For example, the National Institutes of Health, a US governmental organization, reported in January 2024 that the annual number of hip fractures is predicted to hit 10,311 by 2029, displaying an incidence rate of 463 per 100,000 individuals, which is a 32% increase compared to 2021. Consequently, the escalating frequency of orthopedic injuries is stimulating the expansion of the tubular external fixation system market.
The tubular external fixation systemmarket covered in this report is segmented –
1) By Type: Tibia External Fixation System, Knee External Fixation System, Femur External Fixation System, Ankle External Fixation System, Pelvis External Fixation System, Elbow External Fixation System, Other Types
2) By Fixation Type: Unilateral And Bilateral, Circular, Hybrid And Other Fixation Types
3) By Application: Hospitals And Clinics, Rehabilitation Center, Other Application
Subsegments:
1) Tibia External Fixation System: Unilateral Tibia Fixation, Bilateral Tibia Fixation
2) Knee External Fixation System: Unilateral Knee Fixation, Bilateral Knee Fixation
3) Femur External Fixation System: Unilateral Femur Fixation, Bilateral Femur Fixation
4) Ankle External Fixation System: Unilateral Ankle Fixation, Bilateral Ankle Fixation
5) Pelvis External Fixation System: Unilateral Pelvis Fixation, Bilateral Pelvis Fixation
6) Elbow External Fixation System: Unilateral Elbow Fixation, Bilateral Elbow Fixation
7) Other Types: Shoulder External Fixation System, Wrist External Fixation System
Leading businesses in the tubular external fixation system market are concentrating on the creation of highly developed solutions such as sturdy external fixation systems. These systems are aimed at improving patient results and streamlining orthopedic treatment methods. A secure external fixation system is essentially a medical instrument that allows immobilization and stabilization of fractures externally, making sure the bone alignment is correct during recovery process. For example, in September 2023, a US-based spine and orthopedics firm known as Orthofix Medical Inc. introduced the Galaxy Fixation Gemini system. This new robust external fixation system is for treating trauma-related fractures in both the upper and lower limbs. The system's uniqueness lies in its various sterile procedure kit setups, providing a quick solution for healthcare professionals that can be easily accessible directly from the shelf. The smartly designed system comes with sterile procedure kits, doing away with the need to sterilize trays. This reduction in sterilization steps significantly decreases costs and reduces operating room waiting times. This system optimizes operational efficiency, rendering it perfect for rapid roll-out in trauma situations, thus adding value to the procedural solutions portfolio of Orthofix.
Major companies operating in the tubular external fixation system market are:
• Johnson & Johnson
• Zimmer Biomet Holdings Inc.
• NuVasive Inc.
• Globus Medical Inc.
• Lepu Medical Technology Co Ltd.
• Wright Medical Group N.V.
• Orthofix Medical Inc.
• Aesculap Inc.
• Medartis Holding AG
• Acumed LLC
• KLS Martin Group GmbH & Co. KG
• OrthoPediatrics Corp.
• OsteoMed LLC
• Narang Medical Limited
• Citieffe S.r.l.
• GPC Medical Limited
• WishBone Medical Inc.
• Siora Surgicals Pvt. Ltd.
• Spinamer Health Products Inc.
• HankilTech Medical Co Ltd.
• TAEYEON Medical Co Ltd.
• TASARIMMED Medical Devices Ltd.
• Zimed Medical Co Ltd.
• Selaz Medical Devices S.A.
North America was the largest region in the tubular external fixation system market in 2024. The regions covered in the tubular external fixation system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.