Pelvis External Fixation System Market Forecast to Reach USD 17.98 Billion by 2031, Growing at a CAGR of 7.5%

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Pelvis External Fixation System Market - (By Type (tubular and circular), By Application (primary pelvic congestion syndrome and secondary pelvic congestion syndrome)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."

According to the latest research by InsightAce Analytic, the Global Pelvis External Fixation System Market is valued at US$ 10.25 billion in 2023, and it is expected to reach US$ 17.98 billion by 2031, with a CAGR of 7.5% during the forecast period of 2024-2031.

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The Pelvis External Fixation System market comprises medical devices engineered to stabilize and immobilize the pelvis in patients suffering from pelvic fractures or injuries. These systems play a critical role in the management of complex pelvic fractures, which commonly arise from high-impact trauma such as motor vehicle collisions or falls. By maintaining proper alignment of fractured or unstable pelvic bones, these fixation devices facilitate healing, restrict undesirable movement, and reduce patient discomfort.

Market growth is being driven by a rising incidence of trauma-related pelvic injuries, ongoing technological advancements in fixation systems, and an expanding elderly population with increased vulnerability to falls and associated injuries. Leading market participants are focusing on product innovation and engaging in strategic mergers and acquisitions to strengthen their market position and meet the growing demand for effective pelvic fixation solutions.

List of Prominent Players in the Pelvis External Fixation System Market:
• DePuy Synthes (Medical Devices Business Services, Inc)
• Orthofix Medical Inc
• Stryker Corporation
• Smith & Nephew
• Acumed
• Zimmer Biomet
• Baumer S.A.
• Globus Medical
• Orthosynthesis (Ortosintese)
• SOFEMED
• Advanced Orthopaedic Solutions
• Fixus B.V.
• Citieffe
• Zimed Medikal
• TST Orthopedic Implants
• WishBone Medical
• Wuhan Yijiabao Biological Materials

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Market Dynamics
Drivers:
The pelvis external fixation system market is experiencing robust growth driven by several key factors. The rising incidence of pelvic fractures and trauma-primarily resulting from road traffic accidents, falls, and sports injuries-substantially increases the demand for effective fixation solutions. Ongoing innovations in medical technology have produced more efficient, minimally invasive fixation devices, further propelling market expansion.

Additionally, the growing elderly population, especially in regions with aging demographics, contributes to increased demand due to heightened susceptibility to bone fractures. The broader adoption of advanced trauma care solutions, supported by improvements in healthcare infrastructure-particularly within emerging markets-also plays a critical role in market development. Furthermore, supportive government initiatives and reimbursement policies have enhanced the accessibility and affordability of these sophisticated medical devices, accelerating their market penetration.

Challenges:
Despite positive growth prospects, the pelvis external fixation system market faces several challenges that may restrict its advancement. The elevated costs associated with cutting-edge fixation systems and their related surgical procedures limit access, particularly in developing countries with constrained healthcare budgets. Additionally, the complexity of surgical interventions and the potential for complications may discourage both patients and healthcare providers from selecting external fixation options.

In certain regions, low awareness and limited availability of advanced medical technologies present notable barriers. Stringent regulatory frameworks and lengthy approval processes for new devices can delay market entry and impede product launches. Moreover, competition from alternative treatments, such as internal fixation devices, poses additional pressure on market growth.

Regional Trends:
North America is anticipated to retain the largest share of the pelvis external fixation system market, supported by its advanced healthcare infrastructure, high prevalence of trauma cases, and the presence of leading industry participants focused on technological innovation. Favorable reimbursement mechanisms and comprehensive insurance coverage further enhance access to advanced medical treatments, driving market growth. The region is expected to demonstrate a strong compound annual growth rate (CAGR) over the forecast period.

Concurrently, the Asia-Pacific region holds a significant market share and is poised for substantial growth, driven by rapid urbanization, industrialization, healthcare infrastructure development, and increasing awareness and adoption of cutting-edge medical technologies. The aging populations in countries such as Japan and China-where falls and related injuries are more prevalent-further stimulate demand for pelvis external fixation systems across the region.

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Recent Developments:
• In March 2024, Stryker unveiled the availability of its Gamma4 Hip Fracture Nailing System in the majority of European markets. The latest iteration of the Gamma system offers surgeons an advanced version of Stryker's intramedullary nailing method. The primary objective of the Gamma4 system is to address hip and femur fractures and optimize procedural processes for surgeons. In September 2023, the system received the CE certification in Europe.
• In January 2021, Aike (Shanghai) Medical Equipment Co., Ltd obtained US FDA approval for their Bfix® Orthopedic External Fixator Systems.

Segmentation of Pelvis External Fixation System Market-
By Type-
• Tubulur
• Circular
By Application-
• Primary Pelvic congestion syndrome
• Secondary Pelvic congestion syndrome
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

Read Overview Report- https://www.insightaceanalytic.com/report/pelvis-external-fixation-system-market/2646

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This release was published on openPR.