The broken bones must be supported and stabilized until it is repaired and strong enough to bear the body’s weight as well as the constant movements made by the body. This is where the fracture fixation products come into play as they are used to stabilize the fractured bone in order to help it return to its earlier mobility or functional mode. They are made up of metals, bio-absorbable, and other materials. As per the study, the global fracture fixation product market was valued at USD 6.70 Billion during 2015, which is anticipated to reach about USD 11.30 Billion in 2021, that is, with a 9.1% CAGR growth from 2016 to 2021.
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The global fracture fixation product market is mainly boosted by the factors such as the increasing population growth, high number of road accidents, sports injuries, violence, and implementation of orthopedic surgery in case of osteoarthritis and other bone-related disorders. The other factors fueling the growth of the global market are the government grants or funds made in the medical field along with the rising advancement in technology. The inflammatory or immunological side effects of the fracture fixation products can hinder the growth of the global market. The demand for screws, plates, or nails in the surgical implants for bone repairing is expected to drive the global market growth. Medtronic plc product “Kyphon Xpede Bone Cement” was granted a 510(k) approval by the FDA on March 14, 2017 for fixation of pathological fractures of the ala or sacral vertebral using sacroplasty or sacral vertebroplasty which can prove to be a changing point for the vertebral fracture treatment arising due to the benign lesions, osteoporosis, or cancer.
The global fracture fixation product market is bifurcated based on the composition and type. The composition segment is divided into bio-absorbable fixators, metallic fixators, and others. The type segment is categorized into internal and external fixation products. The internal fixation product is expected to lead the global market.
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Some of the major players anticipated to dominate the global fracture fixation product market include Stryker Corporation, Néosteo SAS, DePuySynthes Companies, Smith & Nephew, and Zimmer Biomet Holdings amongst others.