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Global Osteosynthesis External Fixation Devices Market: Overview

Osteosynthesis is a surgical procedure with an open or percutaneous approach to the fractured bone. There are two types of osteosynthesis devices: internal fixation devices and external fixation devices. Application of these devices depends primarily on the type of injury. Osteosynthesis internal fixation devices involve surgical implementation of implants that aid in bone repair, while the external fixation devices are used to stabilize bone and soft tissues with minimum invasion. The osteosynthesis external fixation devices market is growing significantly due to factors such as increased life expectancy, high prevalence of bone associated disorders, and rising cases of road accidents and sports injuries. External fixation devices are employed for immobilizing bones and joints to assist fracture healing. These devices keep the fractured bones stabilized and aligned through surgical treatment. External fixation devices are for temporary usage; prolonged immobilization of joints may lead to complications. Majorly employed external fixation devices include Hoffman devices and Ilizarov devices, along with clamps, frames, and pins. Key factors driving the osteosynthesis external fixation devices market are rise in demand for high-quality facilities in orthopedic surgeries, increase in prevalence of osteoporosis, and upsurge in investments by governments and multinational companies in the market. According to the International Osteoporosis Foundation, about 8.9 million fractures per year across the world are caused due to osteoporosis, thus resulting in an osteoporotic fracture every few seconds. However, factors restraining the growth of the osteosynthesis external fixation devices market are lack of awareness, high cost of surgery, and absence of health insurance in developing countries.

Global Osteosynthesis External Fixation Devices Market: Key Segments

The global osteosynthesis external fixation devices market can be segmented based on type of osteosynthesis external fixation devices and geography. Based on type of osteosynthesis external fixation devices, the osteosynthesis external fixation devices market comprises fracture fixation devices, bone lengthening devices, and Ilizarov devices. Fracture fixation is a process of stabilizing the fractured bone to enable fast healing of the bone and to return early mobility and full functioning of the injured extremity. Osteosynthesis external fixation devices provide fracture fixation based on the principle of splinting. There are three types of external fracture fixation devices: standard uniplanar fracture fixation devices, ring fracture fixation devices, and fracture fixation devices. Pelvic fracture is the common type of fracture treated through fracture fixation devices, caused mostly by accidents and falls. Bone lengthening is a procedure where the missing bone is replaced or the deformed bone is straightened. The process of bone lengthening depends on tissue and bone regeneration. There are two phases of bone lengthening: distraction and consolidation. Complications involved with bone lengthening include delayed union of bones, muscle contractures, muscle weakness, and nerve injury in certain cases. Ilizarov device can be used to lengthen the bones. It can also be utilized to stabilize fractures, regrow lost bone, or correct deformities in the length rotation or angles of bones. Ilizarov device can be employed on patients with bone loss and traumatic limb length inequality. Stainless steel or titanium rings are fixed to the bone with thin wires and thick pins for holding the bone in place. The fracture fixation devices segment is anticipated to continue its dominance during the forecast period.

Geographically, the global osteosynthesis external fixation devices market can be classified into five major regions: North America, Europe, Asia Pacific (APAC), Latin America, and Rest of the World (RoW). North America accounts for the leading share of the osteosynthesis external fixation devices market. The region is expected to retain its dominance during the forecast period due to rise in the number of injuries and increase in awareness among people regarding various types of osteosynthesis external fixation devices in the region. The osteosynthesis external fixation devices market in Asia Pacific is primarily driven by the high growth in population, increase in disposable income, and rise in awareness among patients regarding such devices in the region.

Global Osteosynthesis External Fixation Devices Market: Key Players

Key players operating in the global osteosynthesis external fixation devices market include B. Braun Melsungen AG, DePuy Synthes, Inc. (J & J Company), Globus Medical Inc., and GS Medical, LLC.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Osteosynthesis External Fixation Devices Market

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