March 30, 2020
market research

External Fixators market | Projected to reach US$ 1,653.0 Mn by 2026

The report includes forecast and analysis for the External Fixators market on a global and regional level. The research gives important data of 2015, 2016 and 2017 along with a projection from 2018 to 2026 based on revenue. The study covers drivers and limitations of the External Fixators market along with the impact they have on the trade over the forecast period. Additionally, the report covers the study of possibilities available in the External Fixators market on a global level.

Leading Players:  Stryker Corporation; DePuy Synthes (Johnson & Johnson Services, Inc.); Smith & Nephew plc; Medtronic Kanghui Orthopedics (Medtronic plc); DJO Global, Inc.; Zimmer Biomet Holdings, Inc.; Orthofix International N.V.; Response Ortho LLC; Wright Medical Group N.V.; and Integra LifeSciences Corporation.

Market Insight:

The external fixators market was valued at US$ 724.6 Mn in 2017 and projected to reach US$ 1,653.0 Mn by 2026 at a CAGR of 9.4% over the forecast period from 2018 to 2026.

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The external fixators market is expected to exhibit a lucrative CAGR during the forecast period from 2018 to 2026. External fixator devices are the stabilizing frames used to hold & stabilize the broken bones in proper position. External fixators have three types such as unilateral (monofixator), modular (hybrid), and circular (Ilizarov and TAYLOR SPATIAL FRAME) external fixators. Moreover, based on the working mechanism the external fixators can be classified as manual external fixators and computer-assisted (aided) external fixators; and static and dynamic external fixators. Worldwide surge in the number of road accidents & sports-related injuries, growing geriatric population base coupled with rising incidence of limb deformities, introduction of technologically advanced external fixators, and increasing shift towards minimally invasive surgeries (MISs). External fixation is a minimally invasive procedure that uses unilateral, circular, and modular external fixators in order to avoid the trauma to the soft tissue, resulting in improved outcomes with lower amputation rates. Rising adoption of MISs/minimally access surgeries (MASs) owing to its benefits such as minor incisions, lower muscle & tissue damage, rapid wound healing, and lesser surgical scars & pain in comparison with invasive procedures. Hence, this causes minor complications and curtailed operational expenses & risk of developing hospital-acquired infections (HAIs) in patients. The World Health Organization (WHO) reported that global older population has surged from 841.0 Mn in 2013 to 962.3 Mn in 2017, and will surpass 2.0 Bn by the end of 2050. This target population is more prone to develop osteoporosis and other orthopedic conditions, thereby facilitating the demand for external fixators.

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The report aims to present a study of Global External Fixators Market along with accurate segmentation of market by type, solution, application and five major geographical regions. Global External Fixators market is supposed to witness a high increase during the forecast years due to expanding risk of data theft and firm government regulation.

The report also tracks the major market functions including product launches, technological advancements, mergers & benefits, and the innovative market tactics opted by key market players. Along with strategically examining the key micro markets, the paper also focuses on industry-specific drivers, restraints, possibilities and challenges in the External Fixators market.

The objectives of this report are as follows:

-To present overview of the global External Fixators market

-To examine and forecast the global External Fixators market on the basis of types, explications, and applications
To present market size and forecast till 2026 for overall External Fixators market with respect to five major regions, namely; North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South America (SAM), which are later sub-segmented over respective major countries

-To evaluate market dynamics effecting the market during the projection period i.e., drivers, barriers, opportunities, and coming trend

-To provide exhaustive PEST analysis for all five regions

-To profiles key External Fixators players influencing the industry along with their SWOT analysis and market policies

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Study methodology

The research methodology for Credence Research’s External Fixators market report utilizes a key of top-down and bottom-up research arrangements. Our initial focus on continuous market tracking, accurate fact-checking, data-triangulation, and multiple layers of quality control assures high-quality data that can be leveraged for actionable study insights.

Business segmentation

This report examines the External Fixators market by the following segments:

•    External Fixators Market, by Application

•    External Fixators Market, By Technology

•    External Fixators Market, By Portability

•    External Fixators Market, By Type of Systems

•    External Fixators Market, By End Users

•    External Fixators Market, By Price Segments

Geographic coverage and Report

This market research report covers the following geographic regions in great detail:

•    ASIA-PACIFIC

•    NORTH AMERICA

•    EUROPE

•    MIDDLE EAST & AFRICA

•    LATIN AMERICA

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