Pelvis External Fixation System Market Growth Set to Surge Significantly by 2034

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 includes medical devices specifically designed to stabilize and secure the pelvis in patients with pelvic fractures or injuries. These systems are crucial in treating complex pelvic fractures, typically resulting from high-impact trauma such as motor vehicle accidents or falls. By ensuring proper alignment of fractured or unstable pelvic bones, these fixation systems promote healing, limit movement, and alleviate pain. The market is experiencing growth due to the increasing incidence of trauma-related pelvic injuries, advancements in fixation technology, and the expanding elderly population, which is more susceptible to falls and related injuries. Key players in the market are concentrating on product innovation and pursuing strategic mergers and acquisitions to enhance their market presence and address the rising 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 growth of the pelvis external fixation system market is driven by several pivotal factors. The increasing prevalence of pelvic fractures and trauma, primarily due to road accidents, falls, and sports-related injuries, significantly propels the demand for effective fixation solutions. Continuous advancements in medical technology have led to the development of more efficient and minimally invasive fixation devices, further stimulating market growth. Additionally, the expanding elderly population, particularly in regions with aging demographics, contributes to heightened demand, as older individuals are more susceptible to bone fractures. The growing adoption of advanced trauma care solutions, supported by enhancements in healthcare infrastructure-particularly in emerging markets-also plays a vital role in driving market expansion. Furthermore, favorable government initiatives and reimbursement policies have improved the accessibility and affordability of these advanced medical devices, accelerating their adoption.

Challenges:
Despite promising growth prospects, the pelvis external fixation system market faces several challenges that could impede its expansion. The high costs associated with advanced fixation systems and related surgical procedures limit accessibility, especially in developing regions with constrained healthcare budgets. Additionally, the complexity of surgical procedures and the potential for complications may deter both patients and healthcare providers from opting for external fixation systems. In certain regions, limited awareness and availability of advanced medical technologies present significant obstacles. Stringent regulatory requirements and prolonged approval processes for new medical devices can delay product introductions and hinder market penetration. Moreover, competition from alternative treatment options, such as internal fixation devices, may put pressure on market growth.

Regional Trends:
North America is expected to maintain the largest market share in the pelvis external fixation system market, driven by its well-established healthcare infrastructure, a high incidence of trauma cases, and the presence of leading market players focused on product innovation and technological advancements. Favorable reimbursement policies and robust insurance systems further support the accessibility of advanced medical treatments, fueling market growth. The North American market is projected to experience a significant compound annual growth rate (CAGR) over the forecast period. Similarly, the Asia-Pacific region holds a substantial market share and is expected to witness significant growth. Key factors driving this growth include rapid urbanization, industrialization, enhanced healthcare infrastructure, and increasing awareness and adoption of advanced medical technologies. Additionally, the aging population in countries such as Japan and China, which increases the likelihood of falls and related injuries, further boosts demand for pelvis external fixation systems.

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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.