Fracture Fixation Products Market - Global Trends And Forecast 2015 - 2023

The Global fracture fixation products market. Fracture fixation refers to the process of providing stability to fractured bones. This is done in order to promote rapid healing of the fractured or injured bone. Joint replacement surgeries help achieve early mobility and full functioning of the injured bones. Osteoporosis has become a very serious issue, especially among the geriatric age group. Although osteoporosis also affects the younger population, it is most prevalent amongst the aging population. 

Osteoporosis results in weakened joints, spinal bones, wrists, knee, and even hips. The onset of osteoporosis increases the risk of fractures and bone degeneration in the long run. The surging demand for orthopedic procedures because of a growing geriatric population drives the demand for fracture fixation products. The problem of obesity also plays a key role in fuelling the demand for fracture fixation products. Increasing incidence of violence, sports injuries, and road accidents also drive the global fracture fixation products market.

Growing demand for Internal Fracture Fixation Products to Fuel the Osteosynthesis Devices Market

Product-wise, the global fracture fixation products market is segmented into external fracture fixation products and internal fracture fixation products. The type of injury determines which type of fracture fixation product is used. The main types of external fracture fixation products are pins and frames, Ilizarov devices with clamps, and Hoffman devices. External fracture fixation devices use minimum invasion to stabilize the bones and the soft tissues. Internal fracture fixation devices are used when surgical implants are used in bone repair. 

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The market for osteosynthesis devices is dominated by the internal fracture fixation products segment because of factors such as sports injuries, increasing road accidents, high life expectancy, and the high incidence of osteoporosis. Intramedullary nails or rods, plates and screws, and wires and pins are the key products that dominate the market for internal fracture fixation products. The segment for plates and screws holds the highest share of this market because of their multi-utility nature. 

Surging Healthcare Investments to Aid Market Growth 

Geographically, the global fracture fixation products market is segmented into Europe, North America, Latin America, Asia Pacific, and Rest of the World (RoW). North America is the largest regional player in the global fracture fixation products market, with Europe being the second largest market for fracture fixation products. It is anticipated that North America will continue to dominate the global fracture fixation products market in the forthcoming years because of the presence of a large pool of key companies operating in this region. 

Most prominent companies in the global fracture fixation products market have their headquarters located in North America. Low cost/utility ratio, technological developments, and rising investments in healthcare are factors that will contribute significantly to the performance of the global fracture fixation products market during the forecast period. The fracture fixation products market in Europe is driven by the expanding markets of France, the U.K., and Germany. The main focus of the Europe fracture fixation products market is on innovative products. However, it is the Asia Pacific fracture fixation products market that will witness robust growth in the forthcoming years because of growing awareness, high income levels, and a large population base. 

The prominent companies in the global fracture fixation products market are Neosteo SAS, Aesculap Inc., Smith & Nephew, Zimmer Biomet Holdings, Stryker Corporation, and DePuy Synthes Companies amongst others.

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