Global External Fixators Market Market Growth Analysis 2022
Posted by sandeep gade on December 7th, 2022
As per a recent report by Persistence Market Research (PMR), increasing prevalence of osteoporosis and incidences of accidental fracture are pegged to be the two major factors pushing the adoption of external fixators, globally. The global external fixators market is projected to expand at an impressive 8.5% CAGR over the forecast period of 2018–2028 and the market valuation is expected to reach US$ 3,126.5 Mn through 2028. Innovative and technologically advanced external fixators are expected to boost the growth of the global external fixators market over the forecast period.
Emerging Markets: A Hotbed of Opportunities for External Fixators Manufacturers
North America is anticipated to hold nearly 35% share of the global external fixators market. However, on the basis of comprehensive regional analysis, Australia & New Zealand are likely to present most lucrative growth opportunities in Asia Pacific market, followed by Latin America and the MEA. China and Japan are expected to be fast growing markets in the global external fixators market. External fixation devices manufacturers are focusing on emerging markets owing to increased procedural awareness coupled with sophisticated diagnostics capabilities in these regions, fueled by growing demand for quality and affordable healthcare.
Moreover, the top four players in the global external fixators market including Smith & Nephew, Zimmer, Stryker Corporation, and DePuy Synthesis contribute nearly 50% share of the overall market share, making the market very consolidated. Moreover, since most of these major players have strong hold in North America region, with wide spread distribution network, products have been easily accessible to end-users in the region. However, an absolutely consolidated global external fixators market results in high-priced devices. External fixators are likely to be more competitively priced owing to the emergence of other competitors.
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About the Authorsandeep gade
Joined: August 22nd, 2022
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