The market for Orthopedic fixation is predicted to experience substantial growth in the coming years, propelled by an increase in demand for orthopedic devices across both hospital departments and outpatient surgery centers. This uptick in demand can be attributed to a variety of factors, including an increase in the number of people suffering from Orthopedictic injuries, as well as advancements in medical technology that have made these markets more accessible and effective. According to a recent report by the World Health Organization, the number of fatalities resulting from road traffic crashes and accidents has continued to rise, with more than 1.35 million people losing their lives to such incidents every year. This alarming statistic highlights the pressing need for effective Orthopedic fixation that can help prevent injury and save lives in the event of an accident. Road traffic injuries have become one of the leading causes of mortality worldwide, particularly among young adults between the ages of 15 and 29.
The application of 3D printing technology has led to significant benefits in the field of orthopedics, even though the technology is yet to be thoroughly explored in the area. The use of polymers is becoming more prevalent in 3D-printed orthopedic implants, as they can be employed as filaments for fused deposition modeling, gels for direct ink writing, and solutions for stereolithography equipment.
Research has been conducted on the feasibility of creating surgical implant models using biocompatible materials through the use of desktop 3D printers, with results indicating lower manufacturing costs but mechanical qualities not yet equivalent to conventional stainless-steel implants. Furthermore, in the field of orthopedics, life-size anatomical models and implants can be generated from 3D-printed materials.
Considering the potential for the adoption of 3D printed technologies for the production of customized implants and the use of nanotechnology-based biomaterials as implant materials, there has been a growing interest in exploring enhanced solutions for orthopedics. As a result, there has been a surge in research in this area, aiming to improve the functionality and cost-effectiveness of orthopedic implants through the application of 3D printing technology and biocompatible materials. Surgical treatment options for long-bone fractures may involve external fixation or joint replacement, depending on the location of the fracture. The suitability of each approach depends on various factors, including the risk of infection and the degree of functionality required. Regardless of wound management and debridement efficacy, the likelihood of infection remains constant whether the fracture is treated with intramedullary nailing or external fixation.
In addition, external fixation techniques have several limitations, including the potential for joint contractures, longer bone-healing time, and an elevated risk of infection at the sites where pins and wires penetrate the body.
The Orthopedic Fixation Market in terms of revenue was estimated to be valued at USD 38.04 billion in 2023 and is poised to reach USD 52.8 billion by 2030.
The Ilizarov external fixator is a well-known circular frame that has been updated with the latest Taylor Spatial Frame technology. The components of this market include rings, connecting rods, and struts. There are several types of Ilizarov rings available, including full (closed) rings, partial (open) rings, and arches. Recently, a research paper by Koji Nozaka et al., which was published in BMC Musculoskeletal Disorders 2020, concluded that circular external fixation is a dependable and safe treatment option for elderly patients with periprosthetic fractures around the knee.
North America's Orthopedic Fixation market is set to experience a surge shortly. Due to the emergence of COVID-19, there was a decrease in demand for these markets in 2020. This is primarily due to the decrease in the number of fracture cases and delayed orthopedic surgeries. However, with surgeries now being resumed, the market is expected to see an increase in demand in the coming years. In May 2020, Syosset Hospital in the United States resumed elective surgeries, including those related to orthopedics.
The main drivers of market growth include the increasing number of geriatric patients, the rising prevalence of osteoporosis and other bone diseases, and the increasing incidence of burn cases. According to The Journal of the American Medical Association (JAMA), it is expected that by 2020, around 12.3 million individuals in the United States over the age of 50 will have osteoporosis, which is expected to drive market growth in the forecast period.
The market growth is anticipated to accelerate due to the companies' launch of new products to establish their strong presence in the market. An example of this is AMDT Holdings Inc.'s SixFix Circular Fixation System, which was announced in February 2020. This platform caters to extremity applications for orthopedic, foot, ankle, and deformity correction in both adults and pediatrics. Such advancements are expected to further stimulate growth in this market segment.