Fracture Fixation Products Market Size & Share, by Product Type (Plates & Screws, Wires, Nails & Rods, Unilateral & Bilateral Fixators, Ring Fixators); Fixation Method (External Fracture Fixation, Internal Fracture Fixation); Fracture Location (Upper Extremities, Hip & Pelvis, Lower Extremities); End-user (Hospitals, Ambulatory Surgical Clinics, Specialty Clinics) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5233
  • Published Date: Sep 15, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024 - 2036

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.


Fracture Fixation Product Market Overview
Get more information on this report: Request Free Sample PDF

Fracture Fixation Product Sector: Growth Drivers and Challenges

Growth Drivers

  • Increasing Healthcare Expenditure – Government and healthcare professionals all across the globe are enthusiastically offering funds for advanced healthcare facilities this further has resulted in an increasing focus on fracture fixation products. In India, the current health spending is USD 660 Billion whereas the current capital expenditure is USD 68 Billion. According to a poll, the Union government's portion of the Government Health Expenditure (GHE) is 34.3% and the state governments' share is 65.7%.
  • Escalating Awareness about Fracture Fixation Products – There is a growing awareness about the benefits of fracture fixation products that are expected to boost the demand for these products in the near future.
  • Growing Prevalence of Sports Injuries – The escalating participation of people across the world is giving rise to more and more fractures and sports injuries which is again a significant factor driving the growth of the fraction fixation products market. In the EU, 6.2 million people require hospital care each year as a result of sporting injuries.

Challenges

  • Complications Associated with Fracture Fixation Products – There are a number of complications that can be associated with fracture fixation products, such as infection, pain, and nerve damage. This is expected to restrict the market expansion of fracture fixation products in the future.
  • High Cost of Fracture Fixation Products
  • Demand for Specialized Training

Fracture Fixation Products Market: Key Insights

Base Year

2023

Forecast Year

2024 - 2036

CAGR

~7%

Base Year Market Size (2023)

~USD 32 billion

Forecast Year Market Size (2036)

~USD 90 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
Get more information on this report: Request Free Sample PDF

Fracture Fixation Product Segmentation

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:

 

          Product Type

  • Plates & Screws
  •  Wires
  • Nails & Rods
  • Unilateral & Bilateral Fixators
  • Ring Fixators

 

          Fixation Method

  • External Fracture Fixation
  • Internal Fracture Fixation

 

          Fracture Location

  • Upper Extremities
  • Hip & Pelvis
  • Lower Extremities

 

         End-Users

  • Hospitals
  • Ambulatory Surgical Clinics
  • Specialty Clinics

Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.

Customize this Report

Fracture Fixation Product Industry- Regional Synopsis

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.

Research Nester
Fracture Fixation Product Market Region
Get more information on this report: Request Free Sample PDF

Companies Dominating the Fracture Fixation Product Landscape

top-features-companies
    • Johnson & Johnson Services Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Stryker Corporation
    • Zimmer Biomet Holding
    • Sonoma Orthopedic Products, Inc.
    • Néosteo SAS
    • Smith & Nephew
    • Johnson and Johnson Services Inc.
    • Synthes Inc.
    • Tronier Inc.
    • Arthrex Inc.

In-the-news

In The News

  • June 21, 2021 DePuy Synthes, which is a division of Johnson & Johnson, announced the availability of 2.7mm variable angle locking compression plates. The plate can be used for medical, lateral clavicle fractures or a combination of both.
  • July 2021, Endeavor Orthopedics received a 510K clearance from the United States Food and Drug Administration for its Summit Patella Plating System. During open reduction of internal fixation, adult patella fractures shall be surgically stabilized with the use of this technique. In June 2021, Zimmer Biomet launched Bactiguard trauma implants, which are specifically designed for preventing infections in Europe, the Middle East and Africa. In January 2021, these implants received the CE certificate.

Author Credits:  Radhika Gupta, Shivam Bhutani


  • Report ID: 5233
  • Published Date: Sep 15, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The growing prevalence of fracture via arthritis, growing changes in lifestyle are some of the major factors anticipated to drive the growth of the fracture fixation products market.

The market is anticipated to attain a CAGR of ~7% over the forecast period, i.e., 2024 – 2036.

The major players in the market are Stryker Corporation, Zimmer Biomet Holding, Sonoma Orthopedic Products, Inc., Néosteo SAS, Smith & Nephew, Johnson and Johnson Services Inc., Synthes Inc., Tronier Inc., Arthrex Inc., and others.

The hospital segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in North America is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Fracture Fixation Products Market Report Scope
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying