External Fixators Market - Global Industry, Analysis, Size, Share, Trends, and Forecasts 2020 to 2030

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External Fixators Market - Global Industry, Analysis, Size, Share, Trends, and Forecasts 2020 to 2030

Status : January, 2023 | Medical Devices

Report Digest

External Fixators Market: Overview

The rising cases of chronic diseases especially from the geriatric population are considered the key factor augmenting the growth of the global external fixators market. Additionally, the constantly rising objective patient population and the rising instances of road accidents are bolstering growth. With the increasing cases of the Coronavirus pandemic, numerous nations settled on the necessary choice to defer as many non-crisis surgeries as possible to make way for Coronavirus patients. Such initiatives are also expected to aid in expansion of the global market for external fixators during the forecast period.

The global external fixators market is classified on the basis of product, fixation type, end-user, application, and region. In terms of product, the market is bifurcated into computer-aided and manual. Based on fixation type, the market is grouped into hybrid, circular, bilateral, and unilateral. As per categorization by end-user, the market is divided into limb correction, infected fracture, fracture fixation, orthopedic deformities, and others.

The report on the external fixators market depends on a subjective and quantitative examination of the market and its critical development boundaries like drivers, restrictions, challenges, and impending development openings. Other than this, the report additionally centers on the table of division and notices the name of the main section with its ascribed factors. Moreover, the report list the names of all players working in the worldwide market and the superb development methodologies embraced by them to acquire an advantage in the general market rivalry. Aside from this, the report illuminates the effect of the novel Coronavirus pandemic on this market and how could producers create critical incomes during this time. The report is ready to move on the organization site.

External Fixators Market: Company Profile

The nature of the global external fixators market is highly fragmented on account of the presence of many players. Key strategies adopted by players include merger and acquisition, new product launches, quality checks, and collaborations.

Some of the key players of the global external fixators market include:

  • Acumed
  • Tasarimmed Tibbi Manuller San Tic A.S.
  • Ortho-SUV Ltd.
  • Smith-Nephew
  • Stryker
  • Auxein Medical
  • Response Ortho
  • Orthofix Medical Inc.
  • Zimer Biomet
  • Johnson & Johnson Services Inc.
  • Others

External Fixators Market: Industry Developments

  • Nuvasive announced a 70% case volume decrease in 2020 Q2 from the earlier year. Orthofix detailed 6% income development in 2020 Q3 from their previous record of 2019.
  • Orthofix started the worldwide dispatch of its FITBONE intramedullary protracting framework in the primary quarter of 2021.

External Fixators Market: Drivers and Restraints

The increasing number of road accidents and the growing need for limb correction, infected fracture, and others stands as the primary growth drivers for the external fixators market. Besides this, the rising need for trauma centers and orthopedic clinics in both emerging and developed nations are projected to aid in expansion of the market in the coming years. Furthermore, the rising number of sports injuries and growing support from various governments in terms of reimbursement policies will further attract higher revenues in the forecast period.

External Fixators Market: Geographical Segmentation

Demographically, the market is dominated by North America, on account of the presence of well-developed medical infrastructure and facilities. This, coupled with the supportive government initiatives and the rising prevalence of various diseases will further help this market gain significant revenues in the forecast period. On the other side, the market in Asia Pacific is projected to witness notable growth on account of the improving healthcare industry in developing nations such as China and India.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

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TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?