SEATTLE, Aug. 19, 2021 (GLOBE NEWSWIRE) -- According to Coherent Market Insights, the global external fixators market is estimated to be valued at US$ 978.4 million in 2021 and is expected to exhibit a CAGR of 8.2% during the forecast period (2021-2028).
Key Trends and Analysis of the Global External Fixators Market:
The increasing prevalence of the chronic diseases such as diabetes is expected to drive the global fixator market. According to healthline article on 2018, chronic diseases such as diabetes leads to slow bone formation and also slows down the wound and burn healing process in individuals. For instance, according to National Diabetes Statistics Report 2020, approximately 34.2 million Americans suffered from diabetes and around 88 million American adults have pre-diabetic conditions.
Among regions, North America is expected to hold dominant position in the global external fixators market during the forecast period, owing to key players focusing on product approvals for external fixators. For instance, in October 2020, WishBone Medical, Inc., a company focusing on manufacturing of pediatric orthopedic medical devices, received the U.S. Food and Drug Administration (FDA) 510(k) clearance for Smart Correction External Fixation System, which is a smart system that is used as an external fixator for orthopedic deformities.
Request for Sample copy of this Report @ https://www.coherentmarketinsights.com/insight/request-sample/4589
Key Market Takeaways:
The global external fixators market is expected to exhibit a CAGR of 8.2 % during the forecast period, as key companies are focusing on product launches in the market. For instance, Orthopaedic Implant Company (“OIC”), an orthopedic medical device company, launched OIC external fixation system at Meeting Hall in the Vancouver Convention Center during the 2017 Annual Meeting of the Orthopaedic Trauma Association.
Competitive Landscape:
Key players operating in the global external fixators market include Johnson & Johnson Services, Inc. (DePuy Synthes), Double Medical Technology Inc., Orthofix Holdings, Inc., Ortho-SUV Ltd., Response Ortho LLC, Smith & Nephew, Stryker Corporation , Zimmer Biomet, Auxein Medical, Acumed, Tasarimmed Tıbbi Mamuller San. Tic A.Ş, Orthopaedic Implant Company (“OIC”), Gexfix SA, WishBone Medical, Inc., and Matrix Meditech.
Buy-Now this Research Report @ https://www.coherentmarketinsights.com/insight/buy-now/4589
Market Segmentation:
- Global External Fixators Market, By Product Type:
- Manual Fixators
- Computer-Assisted Fixators
- Global External Fixators Market, By Fixation Type:
- Unilateral Fixator [Modular AO Type]
- Circular Fixators
- Hybrid
- Global External Fixators Market, By Indication:
- Fractures with soft-tissue damage
- Polytrauma—damage control surgery
- Skeletal infection
- Corrective surgery (Limb Correction, Orthopedic Deformities)
- Global External Fixators Market, By End User:
- Hospitals
- Ambulatory Surgical Centers
- Orthopedic Clinics
- Global External Fixators Market, By Region:
- North America
- By Country:
- U.S.
- Canada
- By Country:
- Latin America
- By Country:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- By Country:
- Europe
- By Country:
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- By Country:
- Asia Pacific
- By Country:
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- By Country:
- Middle East
- By Country:
- GCC
- Israel
- Rest of Middle East
- By Country:
- Africa
- By Country:
- North Africa
- Central Africa
- South Africa
- By Country:
- North America
Related Market Intelligence Reports:
Demineralized Bone Matrix Market, By Type (Gel, Putty, Putty with Chips, and Others), By Applications (Dental, Spine Surgery, and Trauma Surgery), By End User (Hospitals, Specialty Clinics, and Others), and By Region (North America, Latin America, Europe, Asia-Pacific, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028
Mesh Nozzle Plates Market, by Material Type (Metal and Alloys, Engineered Plastic, and Ceramic or Piezoceramics), By Application (Medical, Cosmetics and Others), By End User (Hospitals, Medical Device Industries, and Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2021 – 2028
About Us:
Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide.
