Top 9 Companies in the Global Fracture Fixation Products Market in 2024

The global fracture fixation products market was valued at USD 15.22 billion in 2023. The market is expected to grow at a CAGR of 9.5% during the forecast period of 2024-2032, with the values likely to reach USD 34.45 billion by 2032. The market is driven by the growing incidences of osteoporosis, increasing demand for improved healthcare facilities, the growing geriatric population, and the increased government expenditure in the medical sector across the globe.

Fracture fixation products are medical devices used to stabilize broken bones so that proper alignment and healing can occur. The common products are plates, screws, nails, rods, and external fixators. They play a very important role in orthopedics as they help treat fractures and ensure the stability of the bones.

The market is growing due to an aging population, rising road accident incidence, and growing awareness about high-end orthopedic care. Technological advancements like the use of bioresorbable materials and robotic surgeries have increased demand for these products in hospitals and clinics.

In October 2024, Johnson & Johnson MedTech launched its VOLT™ Plating System for fracture fixation, designed to yield better surgical outcomes. Such an advanced system allows increased stability through variable angle locking technology and a more diversified range of plate shapes and screw lengths for individualized care. This is expected to help the global fracture fixation products market grow significantly.

Let’s explore the profile of top companies leading the global fracture fixation products market in 2024.

1.    B. Braun Melsungen AG

B. Braun Medical Indonesia, Aesculap division, represents a strong position in the market of fracture fixation products. It develops advanced cranial fixation systems, such as the CranioFix ® 2, which offers immediate, reliable, and stable fixation for cranial bone flaps and skull fractures. The company is known for providing high-quality titanium alloys that ensure excellent biocompatibility and MR compatibility.

2.    Johnson & Johnson Services Inc.

Johnson & Johnson's MedTech division through DePuy Synthes is among the largest players in the global fracture fixation products market. The firm produces a wide portfolio of orthopedic solutions which include the use of external fixation systems, bone cement, and various implantable devices. With sophisticated technologies, they provide novel products to improve the outcome of the surgery such as shorten recovery periods and maximize care to the patient.

3.    Smith & Nephew Plc.

Smith & Nephew is one of the world's largest medical technology companies that have expertise in orthopedic trauma and fracture fixation products. It has solutions such as plates, screws, external fixation devices, and IM nails. The company focuses on improving health and mobility, and through its collaboration with healthcare professionals, it helps patients achieve their full potential with innovative fracture management technologies.

4.    Stryker Corp.

Stryker is one of the leading companies in the global fracture fixation products market. It offers a wide variety of advanced implants for the treatment of bone fractures. Its trauma and extremities portfolio consists of innovative solutions such as Aequalis, AxSOS, and VariAx systems, which are designed for long and small bone fractures as well as extremity joint replacements, making it a major contributor to the growth and innovation of the market.

5.    Zimmer Biomet Holdings Inc.

Zimmer Biomet is one of the major companies that deal with fracture fixation products to provide innovative solutions in terms of restoring function and shape in diverse anatomical areas. It provides products for various areas, these are the shoulder, elbow, hand, wrist, pelvic, hip, femur, and tibia. Its product portfolio covers the A.L.P.S.® and NCB® systems that deal with complex fractures, giving each healthcare professional tailored surgical options.

6.    NuVasive Inc.

NuVasive, Inc. is the leading medical device company for minimally invasive spine surgery and advanced orthopedic treatments. It is known for its PRECICE ® system, which offers pioneering fracture fixation technology, including limb lengthening, bone transport, and nonunion treatment, among others. Their products are intended to help achieve better surgical outcomes and reach further into the global markets for trauma and limb reconstruction with a promise of transforming patient care through advanced technologies.

7.    Globus Medical Inc.

Globus Medical, a leader in the fracture fixation market, manufactures innovative musculoskeletal technologies. Its Anthemtm systems provide complete, anatomically contoured fracture fixation plates for bone injuries. The company is focused on enhancing surgical efficiency with patient outcomes. The continuous innovation in care for orthopedics while using advanced, minimally invasive technologies makes them a significant player in the market.

8.    Medtronic plc

Medtronic is among the top players in the market of fracture fixation products. Their specialization is on high-level innovations for spinal and orthopedic products. The product profile encompasses complex spine solutions, vertebral augmentation products, and surgery instruments. Their technologies are focused on optimizing the results of the treatment to improve surgical precision. It enables healthcare professionals with potent treatment tools for treating patients' bone fractures and spinal condition.

9.    Orthofix Medical Inc.

Orthofix Medical Inc. is one of the leading players in the global fracture fixation products market with innovative products such as the Fragment Fixation System. The system has been developed to provide efficient stabilization of bone fragments in the upper and lower limbs. Its thread design allows for auto-compression of the bone fragments, making the surgical procedure easy, saving time, and providing good stability. The company is focused on delivering advanced orthopedic products and technologies to enhance patient outcomes.