Fracture Fixation Products Market Analysis

Global Fracture Fixation Products Market Overview

The Fracture Fixation Products Market Size was valued at USD 8.9 Billion in 2022 and is projected to grow from USD 9.5 Billion in 2023 to USD 15.4 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.30% during the forecast period (2023 - 2032). Osteoporosis and arthritis-related fractures are becoming more common, and there are more product releases and approvals than ever before, are the key market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Fracture Fixation Products Market Trends

• Increasing incidence of fractures associated with osteoporosis and arthritis is driving the market growth

The primary factor propelling the growth of the worldwide market of fracture fixation products is the rising frequency of fractures linked to osteoporosis and arthritis. Elderly people are more likely to sustain osteoporotic and arthritic fractures, which increases mortality and morbidity. Osteoporosis is a systemic asymptomatic illness of the bones that is defined by decreased bone mass, degradation of bone tissue, increased bone fragility, and fracture risk. Women who are elderly and postmenopausal are most likely to experience it.

Joint inflammation known as arthritis affects both the surrounding tissues and the joints themselves. The most prevalent type of arthritis is osteoarthritis. It results from aging, trauma-related damage, heredity, obesity, and immune system failure. In the US, individuals with obesity, diabetes, and heart disease had higher prevalence and burden rates for arthritis. By 2040, the Centers for Disease Control and Prevention (CDC) predict that 78 million US individuals age 18 and older would receive an arthritis diagnosis. As a result, the demand for fracture fixation products would increase throughout the projected period due to the rising prevalence of fractures linked to osteoporosis and arthritis.

By choosing organic growth tactics including new launches and approvals, vendors in the market of fracture fixation products are focusing on increasing their market share and their global footprint. Innovation-driven products have been introduced as a result of increased R&D efforts. Therefore, in order for vendors in this industry to remain competitive, they must constantly upgrade their goods and technologies.

In order to boost their market share, major players are also concentrating on getting authorization for launching novel implants. Therefore, throughout the projected period, the market of fracture fixation products will increase as a result of the increasing number of product launches by market competitors and product approvals by regulatory agencies. Thus, driving the Fracture Fixation Products market revenue.

Fracture Fixation Products Market Segment Insights

Fracture Fixation Products Product Type Insights

The Market segments of Fracture Fixation Products, based on Product Type, includes internal fixation product, external fixation product, small bone fracture management products, and others. In 2022, the global market for fracture fixing products was dominated by internal fixation product. To fix a broken bone, a surgeon must implant internal fixation devices such as screws, bone plates, and rods. By immobilizing the fracture site, closing the space between broken bones, and facilitating the primary bone healing process through callus development, they are utilized for healing and stabilizing important fractures.

Fracture Fixation Products Application Insights

The Fracture Fixation Products Market segmentation, based on Application, includes metallic fixators, bio-absorbable fixators, and others. The bio-absorbable fixators category is now the largest in the world, and this trend is anticipated to last during the projected period. This is a result of fractures occurring more frequently.

Fracture Fixation Products End User Insights

The Market segmentation of Fracture Fixation Products, based on End User, includes hospitals and clinics, orthopedic centers, ambulatory surgical centers, and others. In 2022, the segment with the highest revenue share was hospitals and clinics. The rise in unintentional incidents around the world is to blame for this.

Figure 1: Fracture Fixation Products Market, by End User, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Fracture Fixation Products Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Fracture Fixation Products Market dominated the global market in 2022 with 45.80% share, due to the availability of highly qualified personnel, the presence of established and well-equipped healthcare infrastructure, and the availability of broad healthcare insurance coverage. The expansion of the industry in North America is also being aided by the existence of institutions and organizations that offer educational programs on fractures and potential treatments. Further, the U.S. market of Fracture Fixation Products held the largest market share, and the Canada market Fracture Fixation Products was the fastest growing market in the North America region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: FRACTURE FIXATION PRODUCTS MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Fracture Fixation Products market accounted for the significant market share in 2022. The market for fracture fixation solutions in Europe is expanding as a result of rising healthcare awareness in emerging and developing nations. Further, the German market for Fracture Fixation Products held the largest market share, and the U.K market of Fracture Fixation Products was the fastest growing market in the European region

The Asia Pacific Fracture Fixation Products market is expected to register fastest CAGR from 2023 to 2032. Increased healthcare spending, better healthcare infrastructure, a big patient pool, and an increase in the prevalence of disorders linked to lifestyle are the main market drivers for the fracture fixation products rapid rise in the region. Moreover, China’s market of Fracture Fixation Products held the largest market share, and the Indian market for Fracture Fixation Products was the fastest growing market in the Asia-Pacific region.

Fracture Fixation Products Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Fracture Fixation Products market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Fracture Fixation Products industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Fracture Fixation Products industry to benefit clients and increase the market sector. In recent years, the Fracture Fixation Products industry has offered some of the most significant advantages to medicine. Major players in the Fracture Fixation Products market, including Stryker Corporation, Zimmer Biomet Holdings, Sonoma Orthopedic Products, Inc., Néosteo SAS, Smith & Nephew, Johnson and Johnson Services Inc., Synthes Inc., Tronier Inc., Arthrex Inc., and Biomet, Inc., are attempting to increase market demand by investing in research and development operations.

Pharmaceuticals, medical equipment, and consumer goods are all developed, produced, and sold by Johnson & Johnson (J&J). Pharmaceuticals for immune, cancer, neurological, cardiovascular, and metabolic diseases are offered by the business, along with consumer products in the categories of oral care, baby care, beauty, over-the-counter (OTC) medications, women's health, and wound care. Additionally, the business offers medical devices for use in the fields of cardiovascular, orthopaedic, neurovascular, general surgery, and vision care. 

In addition to providing consumer goods through retail stores and distributors, J&J also distributes pharmaceutical and medical products to retailers, wholesalers, medical professionals, and hospitals. Apart from the US, the corporation sells its goods throughout the US, Europe, Asia-Pacific, Africa, and the Western Hemisphere. The U.S. city of New Brunswick, New Jersey, is home to J&J. DePuy Synthes, a division of Johnson & Johnson, announced the introduction of the femoral neck system in 2019. This implant for the treatment of femoral neck fractures is novel.

The development, production, and marketing of medical devices for use in orthopaedic reconstruction and trauma, sports medicine, ENT, and advanced wound treatment are the main business activities of Smith & Nephew Plc (Smith & Nephew). The business provides robotics-assisted technologies, knee and hip implants to replace sick, worn, or damaged joints, trauma-related items to support fractures, and deformity repair operations. 

Additionally, it provides items for treating wounds as well as tools and materials for removing and repairing soft tissue. Surgeons, nurses, nurse specialists, doctors, general practitioners, buying staff at hospitals, and health insurers are among the groups to which Smith & Nephew makes its goods available. The company sells its goods across Africa, the Middle East, Asia-Pacific, Europe, and North America. The UK's Hertfordshire county of Watford is home to Smith & Nephew's headquarters. Smith & Nephew declared the CONQUEST FN launch for 2019. The treatment of femoral neck fractures uses this product.

Key Companies in the Fracture Fixation Products Market Include

• Stryker Corporation


• Zimmer Biomet Holding


• Sonoma Orthopedic Products, Inc.


• Néosteo SAS


• Smith & Nephew


• Johnson and Johnson Services Inc.


• Synthes Inc.


• Tronier Inc.


• Arthrex Inc.


• Biomet, Inc.

Fracture Fixation Products Industry Developments

June 2021 DePuy Synthes, a division of Johnson & Johnson, announced the availability of a 2.7mm variable angle locking compression plate. This plate is utilized in clavicle fractures that are medical, lateral, or both.

July 2021 The Summit Patella Plating System from Endeavor Orthopedics received 510k approval from the US FDA. Adult patella fractures are surgically stabilized using this technique during open reduction internal fixation procedures. For the prevention of infections, Zimmer Biomet debuted Bactiguard-coated trauma implants in the regions of Europe, the Middle East, and Africa in June 2021. These implants received the CE certification in January 2021.

February 2021 The US Food and Drug Administration has given its approval to ExtremiLOCK Lateral Ankle Fusion Plates. The product can be used to treat osteotomies, fractures, and non-unions of the fibula and tibia, among other problems. These injuries can be treated much more quickly because to the invention of ankle fusion plates.

Fracture Fixation Products Market Segmentation

Fracture Fixation Products Product Type Outlook

• Internal Fixation Product


• External Fixation Product


• Small Bone Fracture Management Products


• Others

Fracture Fixation Products Application Outlook

• Metallic Fixators


• Bio-absorbable Fixators


• Others

Fracture Fixation Products End User Outlook

• Hospitals and Clinics


• Orthopedic Centers


• Ambulatory Surgical Centers


• Others

Fracture Fixation Products Regional Outlook

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  North America

  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


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  Europe

  
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


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  Asia-Pacific

  
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


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  Rest of the World

  
  
  
  
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    Middle East

    
    
  
  
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    Africa

    
    
  
  
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    Latin America