Market Research Future (MRFR) has published on the "Fracture Fixation Products Market”
The global Fracture Fixation Products Market is accounted to register a CAGR of 6.30% during the forecast period (2023-2032) and is estimated to reach USD 15.4 billion by 2032.
The considerable expansion of the global fracture fixation products market is being attributed to factors including the rise in fractures associated with osteoporosis and osteoarthritis, higher government financing and grants, and technological improvements in the fixation goods industry. The market is growing as a result of rising research-related activities and conferences, as well as rising need for improved fracture healthcare facilities. Due to the sizable untapped market for fracture fixation products in developing nations, there are several opportunities for the fracture fixation products market to grow at a considerable rate in the expected term.
The global Fracture Fixation Products Market has been segmented based product type, application, and end user.
On the basis of product type, the market is segmented into internal fixation product, external fixation product, small bone fracture management products, and others. Internal fixation product category dominated the global fracture-fixing product market in 2022. Internal fixation devices, such as screws, bone plates, and rods, must be implanted by a surgeon to repair a shattered bone.
Based on application, the global fracture fixation products market has been segmented into metallic fixators, bio-absorbable fixators, and others. The category for bio-absorbable fixators is the largest in the world, and it is anticipated that this trend will continue during the anticipated time frame. The increased frequency of fractures is the cause of this.
Based on end user, the global fracture fixation products market has been segmented into hospitals and clinics, orthopedic centers, ambulatory surgical centers and others. Hospitals and clinics category will have the biggest revenue share category in 2022. This is due to an increase in unintended occurrences globally.
The global Fracture Fixation Products Market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Fracture Fixation Products Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Fracture Fixation Products Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Fracture Fixation Products Market comprises of Middle East, Africa, and Latin America.
The largest market share for fracture fixation products was maintained by the North American regional sector. This is a result of the accessibility of highly qualified professionals, the existence of a healthcare infrastructure that is established and well-equipped, and the accessibility of a wide range of healthcare insurance coverage.
Moreover, the Europe market has been persistently growing over the forecast period. Due to growing healthcare awareness in emerging and developing countries, the market for fracture fixation treatments in Europe is growing.
Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period. The primary factors driving the fracture fixation products market's explosive growth in the region are increased healthcare spending, improved healthcare infrastructure, a large patient pool, and an increase in the prevalence of illnesses associated to lifestyle.
Furthermore, the rest of the world's fracture fixation products Market is divided into the Middle East, Africa, and Latin America. The market is primarily driven by the rising elderly population and the occurrence of fractures. The market for fracture fixation solutions in this region is also expanding as a result of the expanding use of cutting-edge medical technologies and the rising costs of healthcare in nations like Brazil, Mexico, and Argentina.
Browse In-depth Market Details [Table of Content, List of Figures, List of Tables] of Fracture Fixation Products Market Research Report
MRFR recognizes the following companies as the key players in the global Fracture Fixation Products Market—Stryker Corporation, Zimmer Biomet Holdings, Sonoma Orthopedic Products, Inc., Néosteo SAS, Smith & Nephew, Johnson and Johnson Services Inc., Synthes Inc., Tronier Inc., Arthrex Inc., Biomet, Inc.
Key Findings of the Study