External Fixators Market is dominated by North America | Here’s Why
The rising cases of chronic diseases especially from the geriatric population are considered the key factor augmenting the growth of the global external fixators market. Additionally, the constantly rising objective patient population and the rising instances of road accidents are bolstering growth. With the increasing cases of the Coronavirus pandemic, numerous nations settled on the necessary choice to defer as many non-crisis surgeries as possible to make way for Coronavirus patients. Such initiatives are also expected to aid in expansion of the global market for external fixators during the forecast period.
The global external fixators market is classified on the basis of product, fixation type, end-user, application, and region. In terms of product, the market is bifurcated into computer-aided and manual. Based on fixation type, the market is grouped into hybrid, circular, bilateral, and unilateral. As per categorization by end-user, the market is divided into limb correction, infected fracture, fracture fixation, orthopedic deformities, and others.
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The report on the external fixators market depends on a subjective and quantitative examination of the market and its critical development boundaries like drivers, restrictions, challenges, and impending development openings. Other than this, the report additionally centers on the table of division and notices the name of the main section with its ascribed factors. Moreover, the report list the names of all players working in the worldwide market and the superb development methodologies embraced by them to acquire an advantage in the general market rivalry. Aside from this, the report illuminates the effect of the novel Coronavirus pandemic on this market and how could producers create critical incomes during this time. The report is ready to move on the organization site.
External Fixators Market: Company Profile
The nature of the global external fixators market is highly fragmented on account of the presence of many players. Key strategies adopted by players include merger and acquisition, new product launches, quality checks, and collaborations.
Some of the key players of the global external fixators market include:
- Tasarimmed Tibbi Manuller San Tic A.S.
- Ortho-SUV Ltd.
- Auxein Medical
- Response Ortho
- Orthofix Medical Inc.
- Zimer Biomet
- Johnson & Johnson Services Inc.
External Fixators Market: Industry Developments
- Nuvasive announced a 70% case volume decrease in 2020 Q2 from the earlier year. Orthofix detailed 6% income development in 2020 Q3 from their previous record of 2019.
- Orthofix started the worldwide dispatch of its FITBONE intramedullary protracting framework in the primary quarter of 2021.
External Fixators Market: Drivers and Restraints
The increasing number of road accidents and the growing need for limb correction, infected fracture, and others stands as the primary growth drivers for the external fixators market. Besides this, the rising need for trauma centers and orthopedic clinics in both emerging and developed nations are projected to aid in expansion of the market in the coming years. Furthermore, the rising number of sports injuries and growing support from various governments in terms of reimbursement policies will further attract higher revenues in the forecast period.
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External Fixators Market: Geographical Segmentation
Demographically, the market is dominated by North America, on account of the presence of well-developed medical infrastructure and facilities. This, coupled with the supportive government initiatives and the rising prevalence of various diseases will further help this market gain significant revenues in the forecast period. On the other side, the market in Asia Pacific is projected to witness notable growth on account of the improving healthcare industry in developing nations such as China and India.
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