NEW
YORK, Aug. 9, 2024 /PRNewswire/ -- The global
ortho pediatric devices market size is estimated to grow by
USD 1.85 billion from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of 8.09% during the forecast period. Increasing
incidence of pediatric orthopedic injuries is driving market
growth, with a trend towards global adoption of advanced
treatment solutions. However, high costs associated with
orthopedic devices and surgeries poses a challenge. Key
market players include Apex Ortho and Surgical, Arthrex Inc.,
Auxein Medical Inc., Johnson and Johnson Services Inc.,
Madison Ortho, Medtronic Plc, Merete
GmbH, Mighty Oak Medical, Narang Medical Ltd., Nuvasive Inc.,
Orthofix Medical Inc., OrthoPediatrics Corp., Smith and Nephew plc,
Stryker Corp., Total Joint Orthopedics Inc., TREACE MEDICAL
CONCEPTS INC., Trendlines Group Ltd., TST, WishBone Medical Inc.,
and Zimmer Biomet Holdings Inc..
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Ortho Pediatric
Devices Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
8.09%
|
Market growth
2024-2028
|
USD 1859.8
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
7.32
|
Regional
analysis
|
North America, Europe,
Asia, and Rest of World (ROW)
|
Performing market
contribution
|
North America at
58%
|
Key
countries
|
US, Germany, UK,
Canada, and China
|
Key companies
profiled
|
Apex Ortho and
Surgical, Arthrex Inc., Auxein Medical Inc., Johnson and Johnson
Services Inc., Madison Ortho, Medtronic Plc, Merete GmbH, Mighty
Oak Medical, Narang Medical Ltd., Nuvasive Inc., Orthofix Medical
Inc., OrthoPediatrics Corp., Smith and Nephew plc, Stryker Corp.,
Total Joint Orthopedics Inc., TREACE MEDICAL CONCEPTS INC.,
Trendlines Group Ltd., TST, WishBone Medical Inc., and Zimmer
Biomet Holdings Inc.
|
Market Driver
The ortho pediatric devices market is experiencing significant
growth due to the increasing adoption of in-vitro diagnostic
devices for managing and testing various conditions, including
cancer, cardiovascular diseases, and infectious kidney diseases.
Advanced treatment care availability is driving increased adoption
rates among healthcare providers. For instance, Siemens' Xprecia
Stride Coagulation Analyzer is a handheld device that offers high
accuracy in PT/INR tests. The market for specialty testing is
projected to outpace routine diagnostic testing, leading
laboratories to prefer bulk purchases from trusted partners.
Companies focus on customized automation solutions, such as
Siemens' Atellica Solution, which offers more than 300 customizable
configurations for diagnosing diseases. Additionally, the adoption
of point-of-care testing (POCT) is rising due to its efficient
workflow process, portability, and timely and rapid diagnosis.
These factors collectively contribute to the growth of the global
ortho pediatric devices market during the forecast
period.
The Ortho Pediatric Devices market is experiencing significant
growth due to the increasing prevalence of orthopedic conditions in
children, including periprosthetic fractures, scoliosis, congenital
deformities, and skeletal deformities. Advanced surgical
techniques, such as 3D printing technology for custom-made
implants, are gaining popularity in medical settings. Surgeons are
using plates, screws, and oral devices for oral repair and
extra-oral devices for jaw growth and bite issues. Smart implants,
spine devices, and sports medicine equipment are also trending.
Patient-centric healthcare is driving the demand for personalized
solutions, from oral devices like mouthguards and headgear to
rehabilitation equipment in hospitals and clinics. Trauma and
deformities, arthritis, and elective surgeries for conditions like
cerebral palsy, Down syndrome, and autism spectrum disorder are
common indications.
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Market Challenges
- The cost of orthopedic devices and related procedures for
orthopedic conditions in pediatric patients is a significant
barrier to market growth for ortho pediatric devices. These
expensive devices add to the financial burden for both end-users
and patients. Orthopedic equipment costs vary depending on their
applications and features. For example, pedicle screw implants cost
between USD900 and USD1,000 per screw. Orthopedic surgery expenses
include device costs, procedure charges, consultation fees,
medications, and consumables. Hip replacement surgery is more
expensive than elbow ligament suturing, with an average inpatient
cost of USD25,000-USD30,000 and outpatient costs ranging from
USD15,000 to USD20,000. Orthopedic surgeon consultation fees
are between USD100 and USD500. Post-surgery, patients may require
repeated diagnostic tests, such as CT or X-ray scans, which can
further increase costs. CT scan costs vary depending on the
procedure, with an average of USD750-USD1,300 per
orthopedic procedure. The cost of diagnosis can also fluctuate
based on healthcare infrastructure. These factors are anticipated
to restrict the expansion of the global ortho pediatric devices
market during the forecast period.
- The Orthopaedic Pediatric Devices market faces unique
challenges in catering to the specific needs of pediatric patients
with orthopedic disorders. Orthopaedic oncology services and trauma
surgery require specialized devices for treating bones and joints
in youngsters. Specialized hospitals and orthopedic hospitals play
a crucial role in providing advanced care for missing bones,
cartilage damage, fractures, spinal conditions, sclerosis, and
abnormalities. Manufacturers must address the challenges of
creating pediatric orthopedic implants suitable for young patients,
including those with shattered bones and bone deformities or
dislocations. Rising bone abnormalities due to malnutrition,
congenital abnormalities, and oral and extra-oral repair devices
demand comfort, ease of use, and effective limb motions. Early
diagnosis and physical therapy are essential for successful
treatment, necessitating devices for swelling and inflammation
reduction. Arthroplasty devices for hips and knees must ensure
minimal deep vein thrombosis and surgical site infections risks,
while implant failures and cement complications require continuous
innovation. Overall, the market requires devices that cater to the
unique needs of pediatric patients, ensuring comfort, mobility, and
effective treatment for various orthopedic disorders.
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Segment Overview
This ortho pediatric devices market report extensively covers
market segmentation by
- Application
- 1.1 Hospitals
- 1.2 Clinics
- 1.3 Others
- Product
- 2.1 Trauma and deformities
- 2.2 Smart implants
- 2.3 Spine
- 2.4 Sports medicine
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 Asia
- 3.4 Rest of World (ROW)
1.1 Hospitals- The global ortho pediatric devices
market is expected to expand due to the rising number of hospitals,
particularly specialty ones, offering orthopedic treatments. These
hospitals, equipped with advanced medical infrastructure, purchase
high-quality devices and consumables in large quantities. The
increasing prevalence of orthopedic disorders among children and
associated risk factors will fuel hospital segment growth.
Technological innovations, such as external fixators and small
extraphyseal plates for treating limb deformities, enhance the
reliability of ortho pediatric devices, boosting demand.
Additionally, factors like increasing hospital admissions, the use
of minimally invasive therapies, and the availability of certified
healthcare professionals will contribute to market growth.
Furthermore, R&D activities and healthcare infrastructure
expansion are anticipated to bolster market expansion.
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analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
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reports
The global Orthopedic Implants market is experiencing robust
growth, driven by the rising prevalence of orthopedic disorders and
advancements in implant technology. The market is segmented by
product type, including knee, hip, and spinal implants, and by
end-user, such as hospitals and orthopedic clinics. North America and Europe dominate the market due to the high
adoption of advanced medical technologies. Key players like Zimmer
Biomet, Stryker, and DePuy Synthes are leading innovation, focusing
on minimally invasive procedures and biocompatible materials to
enhance patient outcomes.
Research Analysis
The Ortho Pediatric Devices Market caters to the unique needs of
children with orthopedic conditions, encompassing trauma and
deformities, spine issues, sports medicine, and more. Smart
implants, incorporating advanced technology, are revolutionizing
pediatric orthopedic care. Devices for knee osteoarthritis and
arthritis, braces, splints, and pediatric orthopedic implants
address bones and joint concerns. Missing bones, cartilage damage,
fractures, spinal conditions like scoliosis and scoliosis, and
congenital deformities are common indications. Surgical techniques,
including 3D printing technology, enable custom-made implants and
prosthetics tailored to individual patients. Surgeons utilize these
tools to improve patient-centric healthcare, addressing various
orthopedic conditions, from fractures to complex spinal
abnormalities. Hospitals and clinics remain key providers of these
essential services.
Market Research Overview
The Ortho Pediatric Devices Market caters to the unique needs of
young patients with orthopedic conditions, encompassing trauma and
deformities, spine, sports medicine, and more. Smart implants,
braces, splints, casts, and oral devices are among the solutions
offered. Pediatric patients with cerebral palsy, Down syndrome,
autism spectrum disorder, and other congenital abnormalities, as
well as those requiring elective surgery or orthopedic oncology
services, benefit from these devices. Bones and joints, including
missing bones, cartilage, and fractures, are common concerns.
Spinal conditions such as scoliosis and scoliosis abnormalities, as
well as abnormalities resulting from shattered bones, are addressed
through surgical implants and specialized hospitals. Early
diagnosis, physical therapy, arthroplasty, and surgical techniques
are essential components of care. Innovations like 3D printing
technology and custom-made implants and prosthetics cater to
patient-centric healthcare. Surgeons utilize plates, screws, oral
devices, extra-oral devices, oral repair devices, and orthodontic
conditions to address bite issues and jaw growth. Comfort, walking,
limb motions, swelling, inflammation, and preventing complications
like deep vein thrombosis and surgical site infections are key
considerations.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Application
-
- Product
-
- Trauma And Deformities
- Smart Implants
- Spine
- Sports Medicine
- Geography
-
- North America
- Europe
- Asia
- Rest Of World (ROW)
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
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trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
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Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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