(PharmaNewsWire.Com, August 22, 2024 ) 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."
The pelvis external fixation system market involves medical devices designed to stabilize and fixate the pelvis in patients with pelvic fractures or injuries. These systems are crucial in managing complex pelvic fractures, which can result from high-impact traumas such as vehicular accidents or falls. The fixation system holds the broken or unstable pelvic bones in the correct position to allow proper healing, minimize movement, and reduce pain. The market is propelled by increasing incidences of trauma and pelvic injuries, advancements in fixation technology, and a growing senior population more susceptible to falls and related injuries. The market competitors are concentrating on product innovation, mergers & acquisitions to amplify their market presence and address 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)
Several key factors drive the Pelvis External Fixation System Market. The increasing incidence of pelvic fractures and trauma cases, largely due to road accidents, falls, and sports injuries, significantly boost demand for effective fixation systems. Advancements in medical technology, continuously leading to the development of more efficient and minimally invasive fixation devices, also drive market growth. Additionally, the growing old individual population, which is more susceptible to bone fractures, particularly in regions with ageing demographics, further propels the market. The rising awareness and adoption of advanced trauma care solutions, coupled with improvements in healthcare infrastructure, especially in developing regions, contribute to the expanding market. Moreover, supportive government initiatives and favourable reimbursement policies enhance the accessibility and affordability of these advanced medical devices, driving their widespread adoption.
Challenges:
The Pelvis External Fixation System Market faces several restraints that can impede its growth. High costs associated with advanced fixation systems and related surgical procedures can limit their accessibility, particularly in developing regions with limited healthcare budgets. Additionally, the complexity and risk of complications associated with these surgical procedures may deter both patients and healthcare providers from opting for external fixation systems. Limited awareness and availability of advanced medical technologies in certain regions also pose significant challenges. Furthermore, stringent regulatory requirements and lengthy approval processes for new medical devices can delay the introduction of innovative products to the market. Lastly, the presence of alternative treatment methods and internal fixation devices can create competitive pressures, potentially limiting the market penetration of external fixation systems.
Regional Trends:
The North American pelvis External Fixation System market is projected to register a very large market share in North America; the market is well-established and driven by advanced healthcare infrastructure, a high incidence of trauma cases, and a strong presence of key market players who continuously innovate and develop new products. The region also benefits from favourable reimbursement policies and robust insurance systems, making advanced medical treatments more accessible in terms of revenue, and it is projected to grow at a high CAGR in the near future. The area is likely to experience expansion in the Pelvis External Fixation System market due to factors such as population growth, rapid urbanization, expanding industrialization, and the rise in research and development efforts by important players. In addition, the APAC region held a significant portion of the market, which is expected to grow substantially due to the increase in trauma incidents from rapid urbanization and industrialization, improved healthcare infrastructure, and rising awareness and adoption of advanced medical technologies. Additionally, the growing senior population in countries like Japan and China, who are more prone to falls and related injuries, further fuels market demand.
• 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-
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