According to FutureWise analysis the market for fracture product in 2023 is US$ 9.48 billion, and is expected to reach US$ 15.71 billion by 2031 at a CAGR of 6.52%.
Fracture refers to a medical condition where a fracture is caused by high-force impact or bone stress. Cast or splint are the most common treatment for fractured bones. Casting and splinting help immobilize the bone and encourages it to align properly. Painkillers and other medications may be prescribed during this period. The pain caused by fractures can be eased. Fracture products are used to help the fracture heal and support the affected area. Internal fixation involves fixing bones with rods, screws, and plates. This aligns the bone and allows for healing. External fixations involve bones being fixed with casts and rods. The rods provide support and prevent further bone complications. Fracture fixing products are used to restore bone movement and soft tissue to their optimal function. They also speed up healing. The global fracture fixation market is seeing a rise in mergers, acquisitions, collaborations and partnerships. There are also major market shifts from metal to bioabsorable fixators.
Bioabsorable fixators, which are ultra-strong implants made from polymers such as polyglycolic acids polymers, are used for the stabilization of fractures, bone grafts, and fusions. It reduces implant-associated stress shielding and the need for surgery to remove it. The market can be divided into two types based on the type of fracture fixing products: external fixation and internal. In terms of market share, the market for fracture fixation products is dominated by internal fixation products. Further segments include plates and screws, intramedullary nails, and other internal fixation products. Implants and medical instruments that are used to fix fractures in trauma patients are called fracture fixation products. The surgery involves repositioning broken bone fragments and holding them together with special implants like plates, screws, nails, and wires. These devices reduce hospital stays and prevent nonunion or malunion of broken bones. The force that caused the fracture is usually what causes it. The bone might crack if the breaking point of the bone has been exceeded slightly. The bone could shatter if the force is too strong, like from an automobile accident or gunshot.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Fracture Product Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Fracture Product Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.