The Fracture Fixation Products Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Fracture Fixation Products Global Market Report 2024, The fracture fixation products market size is expected to see strong growth in the next few years. It will grow to $14.35 billion in 2028 at a compound annual growth rate (CAGR) of 8%. The growth in the forecast period can be attributed to rising demand for internal fixation devices, increasing use of computer-aided external fixators, surging demand for rib fracture repair systems, favorable reimbursement policies, and synergistic effects of growth factors such as VEGF and BMP-4. Major trends in the forecast period include the integration of 3D printing technology, increasing adoption of bioabsorbable fixators, availability of healthcare insurance coverage for fracture fixation procedures, collaborative research efforts between orthopedic surgeons, and researchers, and focus on sustainability and biocompatibility in implant development.
The rise in the prevalence of osteoporosis and osteoarthritis will propel the growth of the fracture fixation products market going forward. Osteoporosis is a condition characterized by weakened bones that are more susceptible to fractures, while osteoarthritis is a degenerative joint disease causing cartilage breakdown, pain, and reduced joint mobility. The incidence of osteoporosis and osteoarthritis is on the rise due to longer lifespans, rising rates of obesity, and increased incidents of trauma such as sports injuries. Fracture fixation products are required for osteoporosis to stabilize weakened bones prone to fractures and for osteoarthritis to support and repair joints damaged by cartilage degradation. For instance, in June 2024, according to the data published by the Australian Institute of Health and Welfare, an Australia-based health statistics agency, the number of hospitalizations for osteoarthritis, for the age group of 50 to 54, increased to 15,628 in 2021–22 across the Australian population, from 14,993 in the year 2019–20, for the same age category. Therefore, the rise in the prevalence of osteoporosis and osteoarthritis drives the growth of the fracture fixation products market.
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The fracture fixation products market covered in this report is segmented –
1) By Type: Internal Fixation Product, External Fixation Product, Small Bone Fracture Management Products, Other Types
2) By Fracture Location: Upper Extremities, Hip And Pelvis, Lower Extremities
3) By Application: Metallic Fixators, Bio-Absorbable Fixators, Other Applications
4) By End Users: Hospitals And Clinics, Orthopedic Centers, Ambulatory Surgical Centers, Other End Users
Major players operating in the fracture fixation products market are developing next-generation intramedullary nailing systems, to improve surgical outcomes and patient recovery. Next-generation intramedullary nailing systems refer to advanced medical devices used in orthopedic surgery to stabilize and treat fractures within long bones such as the femur and tibia. For instance, in March 2024, Stryker Corporation, a US-based, medical technology company, launched the Gamma4 Hip Fracture Nailing System, in the European market. The latest Gamma4 system from Stryker represents the next generation of intramedullary nailing systems, designed to efficiently treat hip and femur fractures while enhancing procedural workflows for surgeons. The Gamma system has advanced by refining processes, standardizing procedures, and paying meticulous attention to detail, all focused on enhancing surgical techniques and usability.
The fracture fixation products market report table of contents includes:
1. Executive Summary
2. Fracture Fixation Products Market Characteristics
3. Fracture Fixation Products Market Trends And Strategies
4. Fracture Fixation Products Market – Macro Economic Scenario
5. Global Fracture Fixation Products Market Size and Growth
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32. Global Fracture Fixation Products Market Competitive Benchmarking
33. Global Fracture Fixation Products Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Fracture Fixation Products Market
35. Fracture Fixation Products Market Future Outlook and Potential Analysis
36. Appendix
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