Expert Market Research’s new report titled ‘Global Fracture Fixation Products Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global fracture fixation products market, assessing the market based on its segments such as applications, manufacturing process and major regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
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Key highlights of the report include:
Market Overview (2016-2026)
- Forecast CAGR (2021-2026): 8%
The global fracture fixation products market is likely to benefit from the development of high-quality healthcare infrastructure and increasing government investments in the coming years. Additionally, rising consumer disposable income and growing consumer willingness to spend more on healthcare facilities are expected to provide potential growth opportunities for major players in the industry. On the other hand, high cost of fracture repair solutions and lack of customer knowledge are expected to hamper the growth of the business in the coming years. The global market for fracture fixation products is expected to grow rapidly owing to the increasing occurrence of fractures associated with osteoporosis and osteoarthritis, increasing government funding and subsidies, and technological advancements in the industry. . Also, increased demand for improved healthcare facilities for fractures and increase in research-related activities and conferences are contributing to the growth of the market. Due to a large untapped market in the developing country sector, the market for fracture fixation products is expected to grow significantly throughout the forecast period.
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Industry definition and major segments
Fracture fixation methods are used to improve skeletal mobility, alleviate soft tissue problems, and speed recovery. A broken bone must be carefully stabilized and held in place until it can support the weight and activity of the body. Fracture fixation solutions help stabilize broken bones so the injured limb can regain full mobility and function faster. Fracture fixation products typically use metal composites or bioabsorbable materials. The transition from metallic to bioabsorbable fixators is one of the most significant changes in the global fracture repair device industry. Bioabsorbable fixatives, such as polyglycolic acid polymers, are ultra-strong polymer implants used to stabilize fractures, bone grafts and fusions. It also removes the need for removal surgery and reduces the risk of implant-related stress shielding.
By product, the market is divided into:
- Internal fixing
- External fixing
By Application, the market is split into:
- The upper extremities
By region, the industry is classified into:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
As the demand for plates, screws and nails for surgical implants for bone repair grows, the demand for fracture fixation devices is expected to increase. As a result, the external fixation product sectors are also expected to witness significant growth over the forecast period. Moreover, the contemporary research and development facilities and new and novel product improvements by the enterprises propel the fracture fixation products industry forward. Fracture fixation products are used to restore skeletal motion, reduce soft tissue problems and speed recovery. With an increase in the number of collaborations and partnerships between fracture fixation product companies and a shift in the market from metal fixators to bioabsorbable fixators, bioabsorbable fixators, such as polyglycolic acid polymers, are ultra polymeric implants. -resistant used to stabilize fractures, bone grafts, and fusions. It also removes the need for removal surgery and reduces the risk of implant-related stress shielding. Bioabsorbable fixers are expected to grow at the fastest rate over the next year.
North America is expected to continue to dominate the global fracture fixation products market over the next few years, owing to the aging population, increasing government spending, and rising prevalence of osteoporotic fractures . The global fracture fixation products market is driven by factors such as an aging population, an increase in the occurrence of lifestyle-related diseases, rising healthcare costs, and an increase in the incidence of fractures. Furthermore, the market for fracture fixation products is propelled forward by increasing participation in sports, increased occurrence of road accidents, and increased awareness of healthcare. However, the growth of the global fracture repair products market is stifled by high surgical costs, immunological and inflammatory reactions, and lack of reimbursement in emerging countries. Asia-Pacific is the fastest growing region in the global fracture fixation products market. Major drivers of the fracture fixation products market in the region are increasing healthcare expenditures, improved healthcare infrastructure, large patient base and increasing occurrence of lifestyle related conditions in the region . Additionally, the market for fracture fixation products is growing as emerging economies in the Asia-Pacific region such as India and China become more healthcare conscious.
Main market players
The major market players are B. Braun Melsungen AG, Johnson & Johnson Services Inc., Smith & Nephew Plc, Stryker Corp., Zimmer Biomet Holdings Inc., among others. The report covers market shares, capacities, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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