External Fixators Market Size, Share, Industry Growth & Forecast to 2027

Global External Fixator Market Size, Share, Growth, Industry Trends, Competitive Analysis and Forecast to 2030

Report ID: RC113990 | Report Format: PDF + Excel | Starting Price: 3600/- USD | Last Updated: June 19th, 2023

The global external fixators market size is expected to expand at a CAGR of around 5% during the forecast period 2021 to 2027 and was valued at around USD 1 billion in 2020. The rising prevalence of road accidents, sports injuries, and increasing incidence of minimally invasive surgery are some major factors to drive the market growth. As per the latest information shared by World Health Organization (WHO), around 1.3 million people die every year due to road accidents, and around 90% of deaths occur in low and middle-income countries. And it is estimated that 20 to 50 million people suffer non-fatal injuries.

Market Drivers:

Increasing incidence of orthopedic injuries and fractures: Orthopedic injuries and fractures are common occurrences, resulting from accidents, sports-related activities, and age-related conditions such as osteoporosis. External fixators are commonly used in the treatment of complex fractures, open fractures, and bone deformities. The rising incidence of orthopedic injuries and fractures drives the demand for external fixators.

Advancements in external fixation techniques and devices: There have been significant advancements in external fixation techniques and devices, leading to improved patient outcomes and increased adoption of external fixators. Innovations such as computer-assisted design (CAD) and computer-assisted manufacturing (CAM) techniques, modular fixator systems, and minimally invasive approaches have enhanced the effectiveness and versatility of external fixators.

Growing geriatric population: The global population is aging, leading to an increased prevalence of age-related musculoskeletal conditions and fractures. Older adults are more susceptible to fractures and often require surgical interventions. External fixators provide stability and support for fractures in elderly patients, facilitating their recovery and reducing the risk of complications. The growing geriatric population contributes to the demand for external fixators.

Rising demand for minimally invasive surgeries: Minimally invasive surgical techniques have gained popularity due to their advantages, including smaller incisions, reduced post-operative pain, faster recovery, and shorter hospital stays. External fixators can be used in minimally invasive procedures to stabilize fractures without the need for large incisions. The increasing preference for minimally invasive surgeries fuels the demand for external fixators.

Technological advancements in external fixator design: Technological advancements have led to the development of advanced external fixator designs that offer improved biomechanical stability, ease of use, and patient comfort. Innovations such as carbon fiber composites, adjustable and multi-planar fixator systems, and bioabsorbable materials have enhanced the performance and versatility of external fixators, contributing to their increased adoption.

Growing awareness about the benefits of external fixation: Healthcare professionals and patients are becoming more aware of the benefits of external fixation in certain fracture cases. External fixators allow for early mobilization, facilitate soft tissue management, and promote fracture healing by providing stable fixation. Increasing awareness and knowledge about the advantages of external fixation drive the demand for these devices.

Favorable reimbursement policies: Reimbursement policies and insurance coverage play a significant role in the adoption of external fixators. Favorable reimbursement policies that cover the cost of external fixation procedures and devices encourage healthcare providers and patients to choose external fixators as a treatment option. Accessible reimbursement policies contribute to the growth of the external fixator market.

Surge in sports-related injuries: Sports-related injuries, including fractures, ligament tears, and dislocations, are on the rise due to increased participation in sports and physical activities. External fixators are commonly used in the treatment of complex sports-related fractures, especially in athletes who require early mobilization and stable fixation to return to their sports activities. The surge in sports-related injuries drives the demand for external fixators.

Market Outlook:

Benchmark Year		2022
Market Size		~ USD 1 Billion in 2020
Market Growth (CAGR)		~ 5% (2023-2030)
Largest Market Share		North America
Analysis Period		2020-2030
Market Players		Stryker, Smith+Nephew, Zimmer Biomet, Orthofix Medical, Inc., and Johnson & Johnson Services, Inc.

Market Insights:

The global external fixators market is bifurcated into product type, fixation type, application, end-user, and geography. On the basis of product type, the market is further segmented into manual fixators and computer-aided fixators. The computer-aided fixators segment dominated the market in 2020 and holds the largest market share of around two-third share of the market in terms of revenue. The advantage associated with the computer-aided fixators such as reduced infection rate and increased accuracy is accounted to contribute to the segment growth. Less surgery time, easy removal of hardware and correction of deformity are some other features of computer-aided fixators which are accounted to drive the segment growth.

Based on the application, the market is segmented into orthopedic deformities, fracture fixation, infected fracture, limb correction, and others. The fracture fixation segment dominated the global external fixators market and expected to maintain its dominance over the forecast period. The increasing incidence of fracture-related injuries and the growing number of age-related fragility fractures are some major factors driving the segment growth. On the other hand, the limb correction segment is accounted to grow at a fast growth rate due to the increasing demand for limb reconstruction. Furthermore, the technological advancement in treatment associated with low risk and less surgery time is expected to drive the segment growth.

External Fixators Market Size & Forecast

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The external fixators comprehensive study offers an in-depth analysis of industry trends, market size, competitive analysis, and market forecast – 2021 to 2027. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The external fixators market research report presents the analysis of each segment from 2018 to 2027 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

2018-19 – Historical Year
2020 – Base Year
2021-2027 – Forecast Period

Market Segmentation:

By Product Type:

Manual Fixators
Computer-Aided Fixators

By Fixation Type:

Unilateral and Bilateral
Circular
Hybrid
Others

By Application:

Orthopedic Deformities
Fracture Fixation
Infected Fracture
Limb Correction
Others

By End-User:

Hospitals
Ambulatory Surgical Centers
Orthopedic and Trauma Centers

By Region:

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Geographic Coverage:

Geographically, North America dominated the global external fixators market in 2020 and estimated to hold the largest market of over one-third percent of the market in terms of revenue. The technological advancement in healthcare and the well-established healthcare infrastructure are some major factors driving the market growth in the region. Furthermore, the rising number of road accidents and increasing sports-related injuries are expected to boost the market growth in North America. In contrast, the Asia Pacific is anticipated to grow at the fastest growth rate over the forecast period due to the rising awareness regarding orthopedic surgery and the increasing expenditure on healthcare infrastructure.

Market Competition Assessment:

Stryker, Smith+Nephew, Zimmer Biomet, Orthofix Medical, Inc., and Johnson & Johnson Services, Inc. are some major players operating in the global external fixators market. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

Stryker
Smith+Nephew
Zimmer Biomet
Orthofix Medical, Inc.
Johnson & Johnson Services, Inc.
Ortho-SUV Ltd.
Response Ortho
Tasarimmed Tıbbi Mamuller San. Tic A.Ş.
Auxein Medical
Acumed

Key Questions Answered by External Fixators Market Report

Global external fixators market forecasts from 2021-2027
Regional external fixators market forecasts from 2021-2027 covering Asia-Pacific, North America, Europe, Middle East and Africa, and Latin America
Country-level forecasts from 2021-2027 covering 15 major countries from the aforementioned regions
External fixators submarket forecasts from 2021-2027 covering the market by product type, by fixation type, by application, by end-user, and geography
Various industry models such as SWOT analysis, Value Chain Analysis pertaining to external fixators market
Analysis of the key factors driving and restraining the growth of the global, regional and country-level external fixators markets from 2021-2027
Competitive Landscape and market positioning of top 10 players operating in the external fixators market

Table of Content:

1. Preface

1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

2. Executive Summary

2.1. Global External Fixators Market Portraiture
2.2. Global External Fixators Market, by Product Type, 2020 (USD Mn)
2.3. Global External Fixators Market, by Fixation Type, 2020 (USD Mn)
2.4. Global External Fixators Market, by Application, 2020 (USD Mn)
2.5. Global External Fixators Market, by End-User, 2020 (USD Mn)
2.6. Global External Fixators Market, by Geography, 2020 (USD Mn)

3. Global External Fixators Market Analysis

3.1. External Fixators Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. COVID-19 Impact Analysis

4. Global External Fixators Market By Product Type, 2018 – 2027 (USD Mn)

4.1. Overview
4.2. Manual Fixators
4.3. Computer-Aided Fixators

5. Global External Fixators Market By Fixation Type, 2018 – 2027 (USD Mn)

5.1. Overview
5.2. Unilateral and Bilateral
5.3. Circular
5.4. Hybrid
5.5. Others

6. Global External Fixators Market By Application, 2018 – 2027 (USD Mn)

6.1. Overview
6.2. Orthopedic Deformities
6.3. Fracture Fixation
6.4. Infected Fracture
6.5. Limb Correction
6.6. Others

7. Global External Fixators Market By End-User, 2018 – 2027 (USD Mn)

7.1. Overview
7.2. Hospitals
7.3. Ambulatory Surgical Centers
7.4. Orthopedic and Trauma Centers

8. North America External Fixators Market Analysis and Forecast, 2018 – 2027 (USD Mn)

8.1.1. Overview
8.1.2. North America External Fixators Market by Product Type (2018-2027 USD Mn)
8.1.3. North America External Fixators Market by Fixation Type (2018-2027 USD Mn)
8.1.4. North America External Fixators Market by Application (2018-2027 USD Mn)
8.1.5. North America External Fixators Market by End-User (2018-2027 USD Mn)
8.1.6. North America External Fixators Market by Country (2018-2027 USD Mn)
8.1.6.1. U.S.
8.1.6.1.1. U.S. External Fixators Market by Product Type (2018-2027 USD Mn)
8.1.6.1.2. U.S. External Fixators Market by Fixation Type (2018-2027 USD Mn)
8.1.6.1.3. U.S. External Fixators Market by Application (2018-2027 USD Mn)
8.1.6.1.4. U.S. External Fixators Market by End-User (2018-2027 USD Mn)
8.1.6.2. Canada
8.1.6.2.1. Canada External Fixators Market by Product Type (2018-2027 USD Mn)
8.1.6.2.2. Canada External Fixators Market by Fixation Type (2018-2027 USD Mn)
8.1.6.2.3. Canada External Fixators Market by Application (2018-2027 USD Mn)
8.1.6.2.4. Canada External Fixators Market by End-User (2018-2027 USD Mn)

9. Europe External Fixators Market Analysis and Forecast, 2018 – 2027 (USD Mn)

9.1.1. Overview
9.1.2. Europe External Fixators Market by Product Type (2018-2027 USD Mn)
9.1.3. Europe External Fixators Market by Fixation Type (2018-2027 USD Mn)
9.1.4. Europe External Fixators Market by Application (2018-2027 USD Mn)
9.1.5. Europe External Fixators Market by End-User (2018-2027 USD Mn)
9.1.6. Europe External Fixators Market by Country (2018-2027 USD Mn)
9.1.6.1. Germany
9.1.6.1.1. Germany External Fixators Market by Product Type (2018-2027 USD Mn)
9.1.6.1.2. Germany External Fixators Market by Fixation Type (2018-2027 USD Mn)
9.1.6.1.3. Germany External Fixators Market by Application (2018-2027 USD Mn)
9.1.6.1.4. Germany External Fixators Market by End-User (2018-2027 USD Mn)
9.1.6.2. U.K.
9.1.6.2.1. U.K. External Fixators Market by Product Type (2018-2027 USD Mn)
9.1.6.2.2. U.K. External Fixators Market by Fixation Type (2018-2027 USD Mn)
9.1.6.2.3. U.K. External Fixators Market by Application (2018-2027 USD Mn)
9.1.6.2.4. U.K. External Fixators Market by End-User (2018-2027 USD Mn)
9.1.6.3. France
9.1.6.3.1. France External Fixators Market by Product Type (2018-2027 USD Mn)
9.1.6.3.2. France External Fixators Market by Fixation Type (2018-2027 USD Mn)
9.1.6.3.3. France External Fixators Market by Application (2018-2027 USD Mn)
9.1.6.3.4. France External Fixators Market by End-User (2018-2027 USD Mn)
9.1.6.4. Italy
9.1.6.4.1. Italy External Fixators Market by Product Type (2018-2027 USD Mn)
9.1.6.4.2. Italy External Fixators Market by Fixation Type (2018-2027 USD Mn)
9.1.6.4.3. Italy External Fixators Market by Application (2018-2027 USD Mn)
9.1.6.4.4. Italy External Fixators Market by End-User (2018-2027 USD Mn)
9.1.6.5. Rest of Europe
9.1.6.5.1. Rest of Europe External Fixators Market by Product Type (2018-2027 USD Mn)
9.1.6.5.2. Rest of Europe External Fixators Market by Fixation Type (2018-2027 USD Mn)
9.1.6.5.3. Rest of Europe External Fixators Market by Application (2018-2027 USD Mn)
9.1.6.5.4. Rest of Europe External Fixators Market by End-User (2018-2027 USD Mn)

10. Asia Pacific External Fixators Market Analysis and Forecast, 2018 – 2027 (USD Mn)

10.1.1. Overview
10.1.2. Asia Pacific External Fixators Market by Product Type (2018-2027 USD Mn)
10.1.3. Asia Pacific External Fixators Market by Fixation Type (2018-2027 USD Mn)
10.1.4. Asia Pacific External Fixators Market by Application (2018-2027 USD Mn)
10.1.5. Asia Pacific External Fixators Market by End-User (2018-2027 USD Mn)
10.1.6. Asia Pacific External Fixators Market by Country (2018-2027 USD Mn)
10.1.6.1. China
10.1.6.1.1. China External Fixators Market by Product Type (2018-2027 USD Mn)
10.1.6.1.2. China External Fixators Market by Fixation Type (2018-2027 USD Mn)
10.1.6.1.3. China External Fixators Market by Application (2018-2027 USD Mn)
10.1.6.1.4. China External Fixators Market by End-User (2018-2027 USD Mn)
10.1.6.2. Japan
10.1.6.2.1. Japan External Fixators Market by Product Type (2018-2027 USD Mn)
10.1.6.2.2. Japan External Fixators Market by Fixation Type (2018-2027 USD Mn)
10.1.6.2.3. Japan External Fixators Market by Application (2018-2027 USD Mn)
10.1.6.2.4. Japan External Fixators Market by End-User (2018-2027 USD Mn)
10.1.6.3. Rest of Asia Pacific
10.1.6.3.1. Rest of Asia Pacific External Fixators Market by Product Type (2018-2027 USD Mn)
10.1.6.3.2. Rest of Asia Pacific External Fixators Market by Fixation Type (2018-2027 USD Mn)
10.1.6.3.3. Rest of Asia Pacific External Fixators Market by Application (2018-2027 USD Mn)
10.1.6.3.4. Rest of Asia Pacific External Fixators Market by End-User (2018-2027 USD Mn)

11. Latin America (LATAM) External Fixators Market Analysis and Forecast, 2018 – 2027 (USD Mn)

11.1.1. Overview
11.1.2. Latin America External Fixators Market by Product Type (2018-2027 USD Mn)
11.1.3. Latin America External Fixators Market by Fixation Type (2018-2027 USD Mn)
11.1.4. Latin America External Fixators Market by Application (2018-2027 USD Mn)
11.1.5. Latin America External Fixators Market by End-User (2018-2027 USD Mn)
11.1.6. Latin America External Fixators Market by Country (2018-2027 USD Mn)
11.1.6.1. Brazil
11.1.6.1.1. Brazil External Fixators Market by Product Type (2018-2027 USD Mn)
11.1.6.1.2. Brazil External Fixators Market by Fixation Type (2018-2027 USD Mn)
11.1.6.1.3. Brazil External Fixators Market by Application (2018-2027 USD Mn)
11.1.6.1.4. Brazil External Fixators Market by End-User (2018-2027 USD Mn)
11.1.6.2. Mexico
11.1.6.2.1. Mexico External Fixators Market by Product Type (2018-2027 USD Mn)
11.1.6.2.2. Mexico External Fixators Market by Fixation Type (2018-2027 USD Mn)
11.1.6.2.3. Mexico External Fixators Market by Application (2018-2027 USD Mn)
11.1.6.2.4. Mexico External Fixators Market by End-User (2018-2027 USD Mn)
11.1.6.3. Rest of Latin America
11.1.6.3.1. Rest of Latin America External Fixators Market by Product Type (2018-2027 USD Mn)
11.1.6.3.2. Rest of Latin America External Fixators Market by Fixation Type (2018-2027 USD Mn)
11.1.6.3.3. Rest of Latin America External Fixators Market by Application (2018-2027 USD Mn)
11.1.6.3.4. Rest of Latin America External Fixators Market by End-User (2018-2027 USD Mn)

12. Middle East and Africa External Fixators Market Analysis and Forecast, 2018 – 2027 (USD Mn)

12.1.1. Overview
12.1.2. MEA External Fixators Market by Product Type (2018-2027 USD Mn)
12.1.3. MEA External Fixators Market by Fixation Type (2018-2027 USD Mn)
12.1.4. MEA External Fixators Market by Application (2018-2027 USD Mn)
12.1.5. MEA External Fixators Market by End-User (2018-2027 USD Mn)
12.1.6. Middle East and Africa External Fixators Market, by Country (2018-2027 USD Mn)
12.1.6.1. GCC
12.1.6.1.1. GCC External Fixators Market by Product Type (2018-2027 USD Mn)
12.1.6.1.2. GCC External Fixators Market by Fixation Type (2018-2027 USD Mn)
12.1.6.1.3. GCC External Fixators Market by Application (2018-2027 USD Mn)
12.1.6.1.4. GCC External Fixators Market by End-User (2018-2027 USD Mn)
12.1.6.2. South Africa
12.1.6.2.1. South Africa External Fixators Market by Product Type (2018-2027 USD Mn)
12.1.6.2.2. South Africa External Fixators Market by Fixation Type (2018-2027 USD Mn)
12.1.6.2.3. South Africa External Fixators Market by Application (2018-2027 USD Mn)
12.1.6.2.4. South Africa External Fixators Market by End-User (2018-2027 USD Mn)
12.1.6.3. Rest of MEA
12.1.6.3.1. Rest of MEA External Fixators Market by Product Type (2018-2027 USD Mn)
12.1.6.3.2. Rest of MEA External Fixators Market by Fixation Type (2018-2027 USD Mn)
12.1.6.3.3. Rest of MEA External Fixators Market by Application (2018-2027 USD Mn)
12.1.6.3.4. Rest of MEA External Fixators Market by End-User (2018-2027 USD Mn)

13. Company Profiles

13.1. Stryker
13.1.1. Business Description
13.1.2. Financial Health and Budget Allocation
13.1.3. Product Positions/Portfolio
13.1.4. Recent Development
13.1.5. SWOT Analysis
13.2. Smith+Nephew
13.2.1. Business Description
13.2.2. Financial Health and Budget Allocation
13.2.3. Product Positions/Portfolio
13.2.4. Recent Development
13.2.5. SWOT Analysis
13.3. Zimmer Biomet
13.3.1. Business Description
13.3.2. Financial Health and Budget Allocation
13.3.3. Product Positions/Portfolio
13.3.4. Recent Development
13.3.5. SWOT Analysis
13.4. Orthofix Medical, Inc.
13.4.1. Business Description
13.4.2. Financial Health and Budget Allocation
13.4.3. Product Positions/Portfolio
13.4.4. Recent Development
13.4.5. SWOT Analysis
13.5. Johnson & Johnson Services, Inc.
13.5.1. Business Description
13.5.2. Financial Health and Budget Allocation
13.5.3. Product Positions/Portfolio
13.5.4. Recent Development
13.5.5. SWOT Analysis
13.6. Ortho-SUV Ltd.
13.6.1. Business Description
13.6.2. Financial Health and Budget Allocation
13.6.3. Product Positions/Portfolio
13.6.4. Recent Development
13.6.5. SWOT Analysis
13.7. Response Ortho
13.7.1. Business Description
13.7.2. Financial Health and Budget Allocation
13.7.3. Product Positions/Portfolio
13.7.4. Recent Development
13.7.5. SWOT Analysis
13.8. Tasarimmed Tıbbi Mamuller San. Tic A.Ş.
13.8.1. Business Description
13.8.2. Financial Health and Budget Allocation
13.8.3. Product Positions/Portfolio
13.8.4. Recent Development
13.8.5. SWOT Analysis
13.9. Auxein Medical
13.9.1. Business Description
13.9.2. Financial Health and Budget Allocation
13.9.3. Product Positions/Portfolio
13.9.4. Recent Development
13.9.5. SWOT Analysis
13.10. Acumed
13.10.1. Business Description
13.10.2. Financial Health and Budget Allocation
13.10.3. Product Positions/Portfolio
13.10.4. Recent Development
13.10.5. SWOT Analysis

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