Global Fracture Fixation Products Market 2019-2023
Global Fracture Fixation Products Market: About this market
Fracture fixation products are medical devices that are used to restore fractured or injured skeletal system made of bones to its optimum function. Technavio’s fracture fixation products market analysis considers the revenue generated from the sales of products such as the external fixation products and internal fixation products. Our analysis also considers the sales of fracture fixation products in North America, Europe, Asia, and ROW. In 2018, the internal fixation products segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the rising number of trauma and accidents will play a significant role in the internal fixation products segment to maintain their market position. Also, our global fracture fixation products market report looks at factors such as the increasing incidence of fractures associated with osteoporosis and arthritis, a growing number of traumatic injuries due to rise in road accidents, and the rising investments and awareness. However, the complications associated with the use of fracture fixation products, increasing number of product recalls, and the high cost of fracture fixation products, materials, and procedures may hamper the growth of the fracture fixation products industry over the forecast period.
Global fracture fixation products market: Overview
Rising investments and awareness
Governments and private organizations across many countries are increasingly investing in introducing educational programs to promote the advantages of fracture fixation products. Several vendors are also focusing on developing smart and robotic fixation systems for fracture surgeries. Thus, the rising investments and awareness will fuel the growth of the fracture fixation products market at a CAGR of about 8% during the forecast period.
Growing popularity of bioabsorbable fixators
Bioabsorbable fixators are gaining immense popularity for its use in trauma, orthopedic, and craniomaxillofacial surgeries. They are increasingly being used as implants in above-mentioned surgeries owing to their ability to degrade in vivo after the healing process of the bone is complete. Thus, the growing popularity of bioabsorbable fixators will be one of the key fracture fixation products market trends that will impact the growth of the market during the forecast period.
For the detailed list of factors that will drive the global fracture fixation products market during the forecast period 2019-2023, click here.
With the presence of several major players, the global fracture fixation products market is fragmented. Technavio’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading fracture fixation products manufacturers, that include B. Braun Melsungen AG, Johnson & Johnson Services Inc., Medtronic Plc, Smith & Nephew Plc, Stryker Corp., and Zimmer Biomet Holdings Inc.
Also, the fracture fixation products market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities
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