How much is the external fixation system market worth, and how is it expected to expand?
The external fixation system market size has grown strongly in recent years. It will grow from $1.39 billion in 2024 to $1.5 billion in 2025 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to rising incidence of fractures and orthopedic conditions, technological advancements, increasing geriatric population, growing adoption of minimally invasive surgeries, advancements in external fixation system materials, increasing number of road accidents, and rising healthcare expenditure.
The external fixation system market size is expected to see strong growth in the next few years. It will grow to $2.06 billion in 2029 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to advancements in automated fixation technologies, increased prevalence of orthopedic conditions, rising demand for minimally invasive surgeries, growth in outpatient surgical procedures, expanding healthcare infrastructure, increasing investments in R&D, and growing awareness about advanced treatment options. Major trends in the forecast period include integration of smart external fixation systems, technological advancements in materials, the surge in investments in healthcare infrastructure, increasing focus on patient-centric care and introduction of innovative external fixation technologies.
Get Your Free Sample of The Global External Fixation System Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=18356&type=smp
What are the top drivers to the rising demand in the external fixation system market?
The rising number of road accidents is expected to propel the growth of the external fixation system market going forward. The cases of road accidents can be attributed to factors such as increased vehicle usage, distracted driving, inadequate infrastructure, and reckless behavior. External fixation systems provide stabilization for fractured bones in trauma patients, facilitating better recovery and treatment in road accident cases. For instance, in May 2024, according to a report published by Transport Canada, a Canada-based government department for transport, the number of serious injury cases in road accidents increased from 8,185 in 2021 to 8,851 in 2022. Therefore, the rising number of road accidents is driving the growth of the external fixation system.
How is the external fixation system market segmented?
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
Order your report now for swift delivery
https://www.thebusinessresearchcompany.com/report/external-fixation-system-global-market-report
Who are the top competitors 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 significant trends should we anticipate in the external fixation system market over the forecast period?
Major companies operating in the external fixation system market are developing better fixation systems, such as pin-to-bar systems, to enhance surgical efficiency, improve patient outcomes, and provide more robust and customizable fracture stabilization solutions. A pin-to-bar system is a technique for external bone stabilization where pins in the bone are linked to an external rod for support during recovery. For instance, in September 2023, Orthofix Medical Inc., a US-based orthopedics company, launched the galaxy fixation gemini system. This external fixation system is offered in multiple sterile procedure kits, providing a ready-to-use solution. The galaxy fixation gemini ankle kit is unique as the only pin-to-bar system with specific clamps available in a sterile kit, enhancing efficiency for surgeons in urgent lower extremity trauma situations. It features a double multi-crew clamp for fast tibial half-pin insertion and includes additional kits for foot support and first metatarsal stabilization for a more robust construct.
Which regional trends are influencing the external fixation system market, and which area dominates the industry?
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.
What Does The External Fixation System Market Report 2025 Offer?
The external fixation system market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
An external fixation system is a medical tool that externally supports and stabilizes broken bones or injuries. It consists of a framework of metal bars, rods, pins, and clamps that are externally attached to the affected limb or body part rather than being surgically implanted inside the body.
Purchase the exclusive report now to unlock valuable market insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=18356
About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
