Growing popularity of bioabsorbable fixators

Bioabsorbable fixators are gaining immense popularity across the world, as they are ultra-strength devices manufactured with polymers such as polyglycolic acid and polylactic acid. These products are widely used in orthopedic, trauma, and craniomaxillofacial surgeries for stabilization of fractured bones, bone grafts, fusions, and osteotomies, and for reattachment of tendons, meniscal tears, ligaments, and other soft tissue structures. These implants can be completely absorbed inside the body, which eliminates the implant removal post-operative surgery, and avoids long-term interference with tendons, nerves, and the growing skeleton. Such advantages of bioabsorbable fixators will increase their demand, thereby, fueling the growth of the global fracture fixation products market size during the next five years.

Internal fixation products segment will garner the highest share.

Internal fixation products were the largest product segment of the global fracture fixation products market in 2018 and this segment is expected to grow faster than the overall market during the forecast period. Internal fixation products such as screws, bone plates, and rods are surgically implanted to repair a fractured bone. These products are made of stainless steel, titanium, tritium, nitinol, and polyether ether ketone (PEEK) materials, which are durable, stable, and flexible enough to provide support to the bones for quick recovery from a medical condition. Therefore, the adoption of internal fixators is expected to increase significantly during the forecast period, thereby, fueling the fracture fixation products market growth.

“The demand for internal fixators is expected to increase at a significant rate over the next five years, mainly due to factors such as the increasing number of trauma and accident cases, high demand for internal fixators that offer quick recovery, and the growing use of robotic-assisted surgery for placing internal fixators to avoid complications,” says a senior research analyst at Technavio.

Looking for more information on this market? Request a free sample report

Fracture fixation products to witness fastest adoption in Asia.

Asia is expected to emerge as the fastest growing region of the global fracture fixation products market during the forecast period, with Japan, China, Singapore, India, and South Korea being the major revenue contributors. The fracture fixation products market in Asia is driven by the rise in healthcare expenditure, growing aging population, increasing cases of osteoporosis and accidents. The high demand for orthopedic surgeries, and increasing supportive initiatives by various organizations are also contributing to the growth of the fracture fixation products market.

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the global fracture fixation products market analysis include:

Market Landscape

Market ecosystem
Market characteristics
Market segmentation analysis
Market Sizing

Market definition
Market size and forecast
Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison
Key leading countries
Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered
Vendor classification
Market positioning of vendors
Competitive scenario
About Technavio

Technavio is a leading global technology research and advisory company. It provides detailed market research reports that provide clients with actionable insights to help them identify market opportunities and design effective strategies to optimize their market position.

With over 500 specialized analysts, Technavio boasts of an extensive report library comprising of over 10,000 reports, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than a hundred Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets. Technavio helps companies to assess their competitive position within changing market scenarios.

If you are interested in more information, please contact our media team at [email protected].



Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com