Knee Orthopaedic Fixator Market Size, Share, Growth, and Industry Analysis, By Type (Adjustable & Non-adjustable), By Application (Hospital & Ambulatory Surgery Center) and Regional Insights and Forecast to 2033

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KNEE ORTHOPAEDIC FIXATOR MARKET OVERVIEW

Global knee orthopaedic fixator market size was USD 0.29 Billion in 2024 and market is projected to touch 0.65 Billion by 2033, exhibiting a CAGR of 9.5% during the forecast period.

A knee orthopaedic fixator is a medical tool. It is used to stabilize the knee joint in cases of knee injuries and orthopaedic proceducers. It helps in maintaining right alignment and stability of the knee for the period of the curing process.

The market is experiencing positive growth with the inclusion of advanced technologies. Technological improvement and increasing integration of advanced technology is offering many opportunities for market progress.

COVID-19 IMPACT

Market Growth Hindered by Pandemic due to Disruption of Supply Chain

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

COVID-19 pandemic affected overall markets. The pandemic has increased attention on the medical industry. Medical sector was occupied with providing treatment and handling patients suffering from viruses. Reduced demand for additional products and decreased spending on unnecessary items has hampered the market growth. However, the COVID-19 pandemic had helped in the industry to tackle the situation for the future. The disruptions in the import and export system hampered the production and demand of the devices. Though, with the growing technologies this market has great potential to grow further and faster.

LATEST TRENDS

Rising Adoption of Advanced Technology Boosting Market Advancement

Current trend in the market that is boosting the market progress is the integration of technology to improve device features and efficacy. New technologies such as artificial intelligence, machine learning, and others are used to create novel devices that do better than traditional alternatives. The modern devices work of improvement in terms of effectiveness and efficiency. Furthermore, the growing shift towards the sustainable and eco-friendly equipment is increasing demand for the devices and is fueling the market growth.

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KNEE ORTHOPAEDIC FIXATOR MARKET SEGMENTATION

By Type Analysis

Based on type the global market can be categorized into adjustable & non-adjustable.

• Adjustable: It allows for customization and fine-tuning of the device to suit the patient’s specific needs and it offers flexibility and adaptableness that is appropriate for many patients.

• Non-adjustable: These methods are pre-set and cannot be changed once applied and are simpler in design and more commercial which is ideal for standard cases where customization is not necessary.

By Application Analysis

Based on application the global market can be categorized into hospital & ambulatory surgery center.

• Hospital: Hospitals use these fixators in surgical settings for more complex cases and provide stability and supporting the knee joint.

• Ambulatory Surgery Center: This center utilizes devices for outpatient actions and ensures proper treatment options for patients undergoing knee surgery.

DRIVING FACTORS

Increasing Prevalence of Knee Injuries Propelling Market Growth

The key growing aspect in the global knee orthopaedic fixator market growth is the increasing rate of incidence of knee injuries and disorders. Joint replacement surgeries are becoming more and more common, especially in urbanized countries. This is continuing because of the growing knowledge about the advantage of these procedures and the accessibility of advanced healthcare facilities. Additionally, growing geriatric population which is more susceptible to joint-related disorders and fueling the demand for market expansion.

Technological Advancement in Fixation Fueling Market Progress

Another attribute for the expansion of the market is adoption of advanced technology in the joint fixation. This advancement is using novel resources and minimally invasive surgical procedures are shifting towards advanced procedures than traditional methods. These improvements result in shorter recovery periods, reduced postoperative complications, and improved patient outcomes. The rising adoption of robotic-assisted surgeries and the integration of AI in the system are enhancing the market growth significantly.

RESTRAINING FACTORS

Stringent Regulations and High Cost for Procedures Hindering Market Growth

Some major constraints for the market expansion are the stringent regulations and high cost for the procedures are hindering the market growth. The growth of orthopedic devices has to follow the rigorous regulation by the government which is creating barriers for the market progress. This is because some hospitals and clinics are concerned in earning money rather than paying attention to health. Several hospitals and doctors are using low-quality substances and affecting patient’s health which has forced stringent regulation on the use of these devices. Furthermore, the cost of the treatment is high and is difficult to afford by the low income people. Hence, it is disappointing consumers from using these treatments and consequently hampering market growth.

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KNEE ORTHOPAEDIC FIXATOR MARKET REGIONAL INSIGHTS

North America Region Dominating the Market due to Upgraded Healthcare Services

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

North America has emerged as the most dominant region in the global knee orthopaedic fixator market share due to the presence of upgraded healthcare services. The existence of well-developed healthcare infrastructure, industry giants may boost the regional market. The growing geriatric population and rising car accidents are adding the number of orthopedic surgeries conducted in the region. The U.S. is a key supporter to the market development due to the increasing technological advancements in the medical equipment to treat orthopedic conditions. The Asia Pacific is witnessing considerable growth because the aging population groups based in China and India are contributing to the growth. Japan is the key contributor to the market expansion in the region due to the largest numbers of implant manufacturers and a higher healthcare expenditure than most other countries in the region.

KEY INDUSTRY PLAYERS

Key Industry Players Shaping the Market through Launching New Products and Market Expansion

Many prominent industry players are operating in this market focused on providing improved introducing new product lines into emerging markets and rising investment in the research and development activities. However, there are various companies in the market that use some techniques such as merger, acquisitions, partnership and using new advanced technologies for producing and developing new products and stay ahead in the market.

List of Top Knee Orthopaedic Fixator Companies

• Orthofix Holdings (U.S.)
• Corflex (U.K.)
• Baylor Scott & White Health (U.S.)
• DJO Global (U.S.)
• Smith & Nephew Plc (U.K.)
• DeRoyal Industries (U.S.)
• Ossur Global (Iceland)
• Stepper Inc. (Hong Kong)
• Stryker Corporation (U.S.)
• DePuy Synthes (U.S.)
• Ottobock Holding (Germany)
• Thuasne and Freedom Innovations (France)
• Freedom Innovations LLC (U.S.)

INDUSTRIAL DEVELOPMENT

March 2022: Johnson & Johnson MedTech confirmed that DePuy Synthes, its orthopedics company. The two new products in its kinematically advanced and proven ATTUNE portfolio, the ATTUNE Medial stabilized Knee System and the ATTUNE Cementless Fixed Bearing Knee with AFFIXIUM 3DP technology.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.