Fracture Fixation Products Market size is estimated to cross USD 90 Billion by the end of 2036, witnessing around 7% during the projected period i.e., 2024 – 2036. In the year 2023, the industry size of fracture fixation was USD 32 billion. The growth of this market can be attributed to the increasing prevalence of fractures formed by arthritis and osteoporosis. Owing to various factors, aging people get fractures via arthritis, osteoporosis, or other joint issues resulting in the increasing demand for fracture fixation products. According to the Centers for Disease Control and Prevention (CDC), 78 million Americans who are 18 years of age and older are expected to be diagnosed with arthritis by 2040.
Vendors of fracture fixation devices are concentrating on growing their share of the market and their worldwide presence by selecting organic growth strategies such as new releases and approvals. Increased R&D efforts have led to the introduction of products that are driven by innovation. Vendors in this market must therefore continuously improve their products and technology in order to stay competitive.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024 - 2036 |
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CAGR |
~7% |
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Base Year Market Size (2023) |
~USD 32 billion |
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Forecast Year Market Size (2036) |
~USD 90 billion |
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Regional Scope |
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Fixation Method (External Fracture Fixation, Internal Fracture Fixation)
Fracture fixation products market from the internal fracture fixation segment is estimated to observe the highest revenue share of 60% during the anticipated period. Internal fixation devices, such as screws, bone plates, and rods, must be implanted by a surgeon to repair a shattered bone. They are used to treat and stabilize significant fractures by immobilizing the fracture site, sealing the gap between shattered bones, and accelerating the main bone healing procedure through callus growth.
End-Users (Hospitals, Ambulatory Surgical Clinics, Specialty Clinics)
Based on end users, the hospital segment in the fracture fixation products market is set to grow substantially by the end of 2036. The growth of this segment can be attributed to the increasing rate of accidents taking place every day worldwide. These accidents often lead to people suffering from the severe fracture and hospitals have significant infrastructure and expertise to use fracture fixation products. They also have the ability to offer follow-up care to patients who have undergone fracture fixation surgery. A head injury or hip fracture is the most common accident or fall-related injury that sends more than 800,000 patients to the hospital each year.
Our in-depth analysis of the global market includes the following segments:
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Product Type |
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Fixation Method |
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Fracture Location |
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End-Users |
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North America Market Forecasts
The North America fracture fixation products market is set to witness the largest revenue share of 33% by the end of 2036. The growth of this market can be ascribed on account of the fact that they have a highly skilled workforce, the existence of high-quality medical facilities, and the wide availability of healthcare insurance. About 6% of Americans purchase non-group health insurance, and 50% are insured by an employer, with 35% covered by Medicaid or Medicare in the year 2019. The existence of institutions and organizations that offer education programs on fractures and treatment options also aids the expansion of this sector in North America.
Europe Market Statistics
The fracture fixation products market in Europe is poised to hold a substantial revenue share during the time period between 2024 - 2036. Due to the increasing awareness of healthcare in emerging and developing countries, the market for fracture fixation products is growing at a faster rate in Europe. In addition, the German market for fracture fixation products accounted for the highest market share in Europe; while the United Kingdom market of fracture fixation products increased at a very high rate. In addition, there has been surging demand for rib fracture repair system in the region which is further expected to boost the growth of the market in Europe region.
Author Credits: Radhika Gupta, Shivam Bhutani
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