Latest News- Fracture Fixation Products Market: Lower extremities is expected to lead the Application segment during 2024-2028

The Fracture Fixation Products Market is being driven by Increasing incidence of fractures associated with osteoporosis and arthritis

The Fracture Fixation Products Market is expected to grow at a CAGR of 8.97% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 6.73 billion. In the dynamic and competitive global fracture fixation products market, vendors are prioritizing organic growth strategies, including product launches and approvals, to enhance their market share and expand their footprint worldwide. The market is witnessing a surge in research and development activities, leading to the introduction of innovative products. Notably, Johnson & Johnson's DePuy Synthes unveiled the 'FIBULINK Syndesmosis Repair System' in the US in October 2020. This device is designed to address severe syndesmosis injuries, underscoring the industry's commitment to advancing technological capabilities and addressing unmet medical needs. Vendors must continually innovate to remain competitive in this market. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Lower extremities
  • Upper extremities
• Product
  • Internal fixation products
  • External fixation products
• Geography
  • North America
    • US
  • Europe
    • Germany
    • UK
  • Asia
    • China
    • Japan
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing incidence of fractures associated with osteoporosis and arthritis
• Growing number of traumatic injuries due to rising road accident incidents
• Lucrative opportunities for market vendors in emerging economies

However, the market also witnesses some limitations, which are as follows:

• Complications associated with use of fracture fixation products
• Increasing number of product recalls
• High cost of fracture fixation products, raw materials, and procedures

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Market Scope in Fracture Fixation Products Market Research Report

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Research Analysis Overview

The Fracture Fixation Products market caters to the treatment of various types of fractures, including those related to osteoporosis and arthritis, in elderly people. These products play a crucial role in reducing mortality and morbidity by stabilizing fractured bones and improving mobility and function. Bone mass and tissue issues, such as bone fragility and soft tissue problems, are addressed through the use of metal composites, bioabsorbable materials, and fixators like polyglycolic acid polymers. Factors driving market growth include violence, traffic accidents, orthopedic surgery, healthcare awareness, and government funding. Internal fixation products, including plates and screws, as well as external fixation methods, are utilized in the recovery process.

Market Research Overview

The Fracture Fixation Products market is a significant segment within the expansive Global Healthcare Equipment Market. This market encompasses companies and innovations focused on the research, development, and production of various product categories, including implants, instruments, accessories, and consumables. These products are integral to the diagnosis, treatment, and management of conditions such as fractures, osteoporosis, and arthritis, particularly among elderly populations. The healthcare equipment industry is further segmented into Devices and Equipment categories. The former includes advanced, data-driven devices and relatively mature product segments, while the latter comprises equipment used in healthcare settings. Market expansion will be fueled by demographic shifts, specifically the increasing elderly population, which will lead to a rise in morbidity and mortality related to bone-related conditions.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/