The tubular external fixation system market size is expected to see strong growth in the next few years. It will grow to $8.68 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to favorable government initiatives, a shift towards patient-centric models, continuous investment in R&D, the expansion of orthopedic clinics and specialized hospitals, and an increasing incidence of osteoporosis. Major trends in the forecast period include advanced materials and design innovations, regenerative medicine integration, innovations in fixation mechanisms, wearable sensors and IoT integration, and advanced biomechanics.
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Scope Of Tubular External Fixation System Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Tubular External Fixation System Market Overview
Market Drivers –
The increasing incidence of orthopedic injuries is expected to propel the growth of the tubular external fixation system market going forward. Orthopedic injuries refer to damage or trauma affecting the musculoskeletal system, including bones, joints, ligaments, tendons, and muscles. The incidence of orthopedic injuries is increasing due to several factors, including rising participation in sports and physical activities, an aging population more prone to falls and fractures, and sedentary lifestyles leading to weakened muscles and joints. A tubular external fixation system is helpful for orthopedic injuries as it provides stable and adjustable support to fractured or injured bones while allowing for minimal disruption to surrounding tissues. For instance, in January 2024, according to the National Institutes of Health, a US-based governmental organization, the annual number of hip fractures will reach 10,311 by 2029, with an incidence rate of 463 per 100,000 people, reflecting a 32% increase compared to 2021. Therefore, the increasing incidence of orthopedic injuries drives the growth of the tubular external fixation system market.
Market Trends –
Major companies operating in the tubular external fixation system market are focusing on developing advanced solutions, such as stable external fixation systems, to enhance patient outcomes and improve the efficiency of orthopedic treatments. A stable external fixation system is a medical device that externally immobilizes and stabilizes fractures, ensuring proper bone alignment during the healing process. For instance, in September 2023, Orthofix Medical Inc., a US-based spine and orthopedics company, launched the Galaxy Fixation Gemini system, a new stable external fixation system designed for treating fractures resulting from trauma in both lower and upper limbs. This system is notable for its availability in several sterile procedure kit configurations, providing a quick, off-the-shelf solution for medical professionals. This innovative system features sterile procedure kits that eliminate the need for sterilization of trays, significantly reducing costs and operating room delays. This system enhances operational efficiency and is ideal for quick deployment in trauma settings, making it a valuable addition to Orthofix’s portfolio of procedural solutions.
The tubular external fixation system market 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
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Regional Insights –
North America was the largest region in the tubular external fixation system market in 2023. 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.
Key Companies –
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.
Table of Contents
1. Executive Summary
2. Tubular External Fixation System Market Report Structure
3. Tubular External Fixation System Market Trends And Strategies
4. Tubular External Fixation System Market – Macro Economic Scenario
5. Tubular External Fixation System Market Size And Growth
…..
27. Tubular External Fixation System Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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