A fracture reduction device for reducing a fractured bone having a proximal fragment and a distal fragment may include: a proximal attachment member that may be configured to be coaxially attached and fixed into the proximal fragment of the bone; a distal attachment member that may be configured to be laterally attached and fixed to the distal fragment of the bone; and a distracting mechanism that may engage with the proximal attachment member and be coupled with the distal attachment member. The distracting mechanism may be configured to manipulate the proximal fragment and the distal fragment to restore their alignment and orientation.