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Fracture aids are used predominantly to support and immobilise a particular body part once a bone is fractured. This non surgical support methods often aids a person that has sufffered trauma, dislocation or fracture to their bone. The industry of fracuture aids is considerably populated wth competitive players offering an inexpensive and affordable fracture management products. The increasing availability of cheaper and higher grade raw materials have enabled manufacutrer to produce sustainable fracure aid products. These products can be used prost surgery or prior to a surgical procedure to fix the fracture.The key factor driving the market is the increasing cases of trauma worldwide.
There are many factors that are estimated to surge the adoption of fracture aids in the coming years. The predominant factor in the rising incidence of trauma injuries worldwide. According to the Ohio State University, around 6 million individuals break their bones each year in the U.S. Additionally, road traffic accidents are on the rise. According to the World Health Organization (WHO), each year 1.35 million individuals dies due to road accidents. Combined with this, between 20 to 50 million people also suffer from non-fatal injuries such as fractures. These trends are expected to positively influence the market growth of fracture aids in the coming years.
However, the increasing product launches are also leading to a rise in infections during product usage. This has led to product recall and lawsuits of certain major players in the market. These factors are projected to hamper the growth of fracture aids market in the foreseen years.
Key Market Driver -
Rising incidence of trauma cases globally
Key Market Restraint -
Lawsuits and infection associated with use of fracture aids
Globally, the fracture aids market can be categorized on the basis of type, by age group, by distribution channel, and region. Among the segmentation of type, the market can be categorized into braces, knee support, neck support, ankle support, back support, and others. Based on the segmentation of age group, the market is divided in to adult and pediatrics. On the basis of distribution channel the market is categorized into hospital, retail and others.
Geographically, the fracture aids market can be segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
Some of the major companies that are present in the fracture aids market are Carex Health, Sareen Surgical, Proexamine Surgical Private Limited, BSN medical, Kwt International, GPC, Tynor Orthotics Pvt Ltd, and others
Based on segmentation of geography, the fracture aids market can be segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North American region is expected to lead the global fracture aids market and is anticipated to remain in a leading position during the forecast period. Factors such as higher availability of fracture aids products and adoption of higher quality of fracture aids is projected to drive the market in the region. Europe is estimated to follow the lead in the market owed to active government initiative on higher awareness regarding advanced fracture aid products, combined with favorable reimbursement policies of the government. Rising geriatric population with higher susceptibility to fractures such as China and Japan is estimated to surge the demand for fracture aids products in the region. The market in Latin America and the Middle East and Africa are expected to capture lower share in the global fracture aids market owing to adoption of cheaper fracture aid products in the regions.
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