External Fixator Market
External Fixator Market Study by Manual Fixators and Computer-Aided External Fixator for Orthopedic Deformities, Fracture Fixation, Infected Fracture or Non-Unions, and Others from 2024 to 2034
Analysis of External Fixator Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
External Fixator Market Outlook (2024 to 2034)
The global external fixator market size back in 2019 was US$ 1,492.3 million. In the following years, the sales of external fixators were spurred by the increasing prevalence of orthopedic injuries, including bone fractures and complicated ligament injuries. In 2024, the net revenue generated from the sales of external fixation systems worldwide is estimated to be around US$ 2,273.6 million.
In recent years, the need for surgical orthopedic external fixators has risen as an important tool for stabilizing and promoting the healing of all types of bone fractures. So, over the next ten years, the demand for external fixators or fracture stabilization devices is projected to increase at a CAGR of 7.6% from 2024 to 2034.
The ongoing improvements in trauma treatment and orthopedic surgery equipment are likely to boost the demand for external fixators in the global surgical hardware market. Moreover, the global external fixator industry is projected to reach a valuation of US$ 4,748.5 million by 2034.
External Fixator Market Trends and Analysis
- Rising cases of bone fractures and complicated ligament injuries
- Manufacturers are focusing on external fixator technologies that can address the particular difficulties faced by aged patients
- The advent of computer-aided external fixators has yielded a great impact on the orthopedic external fixation industry’s outlook
- The adoption of a patient-centric approach to orthopedic treatment calls for a more sophisticated external fixator design
| Report Attributes | Details |
|---|---|
| Estimated Market Value (2024E) | US$ 2,273.6 million |
| Projected Market Value (2034F) | US$ 4,748.5 million |
| Global Market Growth Rate (2024 to 2034) | 7.6% CAGR |
| Computer Aided External Fixator Segment Growth Rate (2024 to 2034) | 8.2% CAGR |
| Orthopedic Deformities Application Segment Growth Rate (2024 to 2034) | 8% CAGR |
| North America Market Share (2024) | 32.9% |
| East Asia Market Share (2024) | 34.9% |
| Key Companies Profiled |
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What are the Prominent Factors Boosting the External Fixator Market?
“Advancements in Limb Salvage Techniques Driving Market Growth”
The development of external fixators that assist both acute trauma management and longer rehabilitation phases for the best possible patient outcomes is a new trend in the present industry. Market participants have adopted a patient-centric approach by emphasizing patient experience and comfort in addition to clinical demands.
As a result of market participants' increasing emphasis on less invasive orthopedic treatments, sophisticated and patient-friendly external fixator designs are getting higher traction these days. External fixators that are specially tailored to the special anatomical and developmental needs of young children with orthopedic problems have also led to more focus on the pediatric orthopedics segment.
Adhering to strict regulatory compliance and quality requirements to ensure the safety and effectiveness of these devices in clinical usage remains a key challenge for market participants. However, the leading companies have been able to validate and enhance many external fixator technologies by actively participating in clinical trials and doing research on evidence-based orthopedics developments.
Country-wise Insights
| Country | Regional Market CAGR (2024 to 2034) |
|---|---|
| United States | 5.2% CAGR |
| China | 7.2% CAGR |
Why is Japan Considered a Manufacturing Hub of Medical External Fixators in East Asia?
“Higher Demand for Bone Fixators Driving Industries in Japan”
The external fixator market in East Asia stood at US$ 462 million back in 2019. Industrialized countries like China, Japan, and South Korea have increased the production of orthopedic trauma solutions and devices in the last few years. The net revenue generated by the external fixator manufacturing industries in the region is estimated to be around US$ 793 million in 2024.
Japan, with a 41.2% share of the total production capacity of the East Asia market, is the leading country in the region. As more people in Asia are adopting active lives in recent years, there has been a significant rise in sports-related injuries. So, the greater need for external fixation techniques in neighboring countries is expected to drive its export from Japan.
The production of external fixation pins and other devices in Japan is expected to increase at a moderate 5.5% CAGR through 2034. The regional market is anticipated to reach a valuation of US$ 559 million by 2034.
The demand for external fixators in China is poised to advance at a robust CAGR of 7.2% over the next ten years. The fracture fixator market in China is forecasted to reach a valuation of US$ 476 million by 2034.
What is Driving the Demand for External Fixators in the United States?
“Developments in Orthopedic Trauma Surgery Devices Driving Market in North America”
All the orthopedic surgery device manufacturing industries located in North America are estimated to contribute to one-third of the total demand for external fixators globally. The industries in Canada, Mexico, and the United States hold a leading share of 32.9% of the global market.
The total sales of bone fracture fixators in North America are estimated to garner around US$ 749 million in revenue. The United States is expected to dominate the region by accounting for an estimated share of 91.2% of the total external bone fixator shipments in 2024. As a result of industry participants' higher investments in 3D-printed external fixator technology to improve surgical results, the United States external fixator market is developing further.
As per the Fact.MR analysis report, the industry for trauma surgery equipment in the United States is forecasted to advance at a CAGR of 5.2% till 2034. By following this consistent growth rate, the United States external fixator device market value is poised to reach a valuation of US$ 1,134 million by 2034.
The regional market is projected to develop at a CAGR of 6.1% from 2024 to 2034. The development of advanced external fixators is poised to propel the market in Canada to reach a valuation of US$ 66 million by 2034.
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Category-wise Insights
Why are Manually Operated External Fixators Highly Preferred by Consumers?
“Convenience and Lagging Healthcare Infrastructure Restraining Adoption of Advanced Bone Fixators”
| Attribute | Details |
|---|---|
| Segment Value in 2024 | US$ 2,211.4 million |
Based on the different types of bone fixators available in the market, manual-type external fixators are estimated to constitute almost 97.3% of the total revenue share. Due to the higher acceptance of manual fixators around the world, their demand is estimated to be US$ 2,211.4 million in 2024. This segment is further expected to expand at a CAGR of 7.6%, reaching a valuation of US$ 4,611.8 million by 2034.
In recent years, there has been an emerging trend of external fixation technologies that can be fastened by the help of computers. So, the demand for computer-aided external fixators is growing at a faster rate. The segment is projected to expand at a CAGR of 8.2% from 2024 to 2034, concluding at a valuation of US$ 136.7 million by 2034.
Who are the Prominent End Users in the External Fixator Market?
“Hospitals Generating Higher Demand for External Fixators”
| Attribute | Details |
|---|---|
| Segment Value in 2024 | US$ 1,289.9 million |
Based on different end users of external fixators, the hospitals create more than half of the external fixator demands globally. The external fixator manufacturing industries are expected to get a business opportunity of US$ 1,289.9 million from the hospital segment in the year 2024.
As the footfall of patients is higher in hospitals than any other end-use segments, it is expected to retain its dominance by progressing at a CAGR of 7.3% through the forecast years. By the end of this forecast period, the net revenue from the sales of external fixators in hospitals is projected to reach US$ 2,615.5 million.
In recent years, there has been a significant rise in sales of external fixators for ambulatory surgical centers as well as orthopedic and trauma centers. The development of ambulatory surgical centers and other specialized orthopedic institutions around the world has led to a need for external fixators. While the ambulatory surgical centers segment is projected to expand at 8.3% CAGR, the orthopedic and trauma center segment is expected to progress at 7.8% CAGR.
Competitive Landscape
Governments across all countries have recognized the pivotal role of external fixators in managing road accidents and traumatic injuries. It has led to greater support for bone reconstruction and external fixation device manufacturing industries in the last few years. Currently, the competition among external fixators is moderate as the new players are yet to catch up with the latest trends and technological advancements required to scale their business.
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Key Segments Covered by External Fixator Industry Survey Report
-
By Product Type:
- Manual Fixator
- Computer-Aided External Fixator
-
By Application:
- Orthopedic Deformities
- Fracture Fixation
- Infected Fracture or Non-Unions
- Limb Correction
- Other Applications
-
By End User Verticals:
- Hospitals
- Ambulatory Surgical Centers
- Orthopedic and Trauma Centers
- Other End Use Verticals
-
By Region:
- North America Market
- Europe Market
- Latin America Market
- East Asia Market
- South Asia & Oceania Market
- Middle East & Africa (MEA) Market
- FAQs -
What was the value of the External Fixator Market in 2019?
The global external fixator market was worth US$ 1,492.3 million in 2019.
What is the Sales Outlook for External Fixators in 2024?
The global external fixator market is likely to be valued at US$ 2,273.6 million in 2024.
What is the Demand Forecast for External Fixators by 2034?
The external fixator market is expected to reach US$ 4,748.5 million by 2034.
What is the Predicted Growth Rate for the External Fixator Market?
The demand for external fixators is projected to rise at a CAGR of 7.6% through 2034.
At what Rate is the market in the United States Predicted to Grow?
The United States external fixator market is projected to register a CAGR of 5.2% through 2034.
External Fixator Market