Global Ortho Pediatric Devices Market, By Product (Trauma and deformities, Smart implants, Spine, Sports medicine) Application (Hospital, Clinic, Other) – Industry Trends and Forecast to 2029 - Global Ortho Pediatric Devices Market, By Product (Trauma and deformities, Smart implants, Spine, Sports medicine) Application (Hospital, Clinic, Other) – Industry Trends and Forecast to 2029
Market Analysis and Size
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Data Bridge Market Research analyses that the ortho pediatric devices market which was USD 39585 million in 2021, would rocket up to USD 69555.01 million by 2029, and is expected to undergo a CAGR of 7.30% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Trauma and deformities, Smart implants, Spine, Sports medicine) Application (Hospital, Clinic, Other)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Arthrex Inc. (Germany), Johnson & Johnson Services, Inc. (U.S.), NuVasive Inc. (U.S.),Orthofix US LLC (U.S.), OrthoPediatrics Corporation (U.S.), Pega Medical Inc. (Canada), Smith+Nephew (U.K.), Stryker (U.S.), WishBone Medical (U.S.), Zimmer Biomet (U.S.), Medtronic (Ireland), Auxein Medical (India), Consensus Orthopedics Inc. (U.S.), Implanet SA (U.S.), Merete GmbH (Germany), Mighty Oak Medical (U.S.)
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Market Opportunities
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Market Definition
Ortho paediatric devices are medical equipment created specifically for use in treating paediatric orthopaedic problems. To support and stabilise bones and joints, they comprise braces, splints, and casts. Children with orthopaedic issues can move more easily and experience less discomfort due to ortho paediatric devices.
Ortho Pediatric Devices Market Dynamics
Drivers
- Rise in M&A activity
Growing M&A activity is driving the market and additionally, it is projected that greater support for ortho paediatric devices from the public and private sectors will accelerate market expansion.
- Technological advancements
Vendors in the ortho paediatric devices market are progressively implementing inorganic business methods like M&A with the goal of strengthening their businesses and expanding their product portfolios. To expand their markets in new areas, several well-known vendors are buying smaller businesses. A number of technological advancements in ortho paediatric devices have been made possible by such purchases. Thus, it is anticipated that rising M&A activity will fuel the expansion of the ortho paediatric devices market throughout the forecast period.
- Growing prevalence of paediatric orthopaedic disorders
Growing prevalence of paediatric orthopaedic disorders is estimated to drive the global market for ortho paediatric devices to expand at a CAGR of 5.5 percent over the forecast period. According to the Centers for Disease Control and Prevention (CDC) (ASD), a developmental impairment, which frequently results in an orthopaedic disorder like cerebral palsy, Down syndrome, or autism spectrum disorder, affects approximately 1 in 5 U.S. children between the ages of 0 and 19 every year. Over the following few years, this is anticipated to fuel demand for ortho pediatric devices' goods.
Opportunities
Additionally, there are a number of dominant market players who are focusing on releasing new things for the benefit of people. The industry is anticipated to have excessive growth in terms of revenue generation and sales as established companies use inorganic marketing techniques like mergers and acquisitions.
Numerous social and economic aspects are positively affecting the growth of the global market for ortho paediatric devices. The growing global support given by regulatory bodies for the construction of high-end healthcare infrastructure has been one of the major drivers fueling industry expansion. Additionally, the market for ortho paediatric devices is benefiting from an increase in investments and funding for the creation of new tools and gadgets.
Restraints/Challenges
- Lack of skilled surgeons
The factors such as the stringent regulatory scenario, poor reimbursement scenario and lack of skilled surgeons may hamper the growth of the market.
- Slower rate of trauma surgery
The inevitable pause has restricted hands-on experience and exposure to a variety of treatments in all elective surgery. Although the orthopaedic oncology service has been maintained, there are at least nine other subspecialties in the orthopaedic training programme, therefore this is a small section of the field. Trauma surgery has continued but at a much slower rate, most likely as a result of the nationwide lockdown, which had a short-term negative impact on the market.
This ortho pediatric devices market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the ortho pediatric devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 impact on Ortho Pediatric Devices Market
In 2020, private and public transportation was stopped due to lockdowns around the world, which decreased traffic accidents and the injuries they cause. With it, the focus of care in healthcare facilities shifted from orthopaedic treatments to COVID-19 patients, which had an immediate impact on the market, especially in specialised hospitals. Additionally, minor and orthopaedic hospitals in a few areas were closed down or had their activities curtailed, and other hospitals were being transformed into COVID-19 containment facilities and treatment wards. The COVID-19 pandemic has reportedly had a negative impact on orthopaedic residency training.
Global Ortho Pediatric Devices Market Scope
The ortho pediatric devices market is segmented on the basis of product, application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Trauma and deformities
- Smart implants
- Spine
- Sports medicine
Application
- Hospital
- Clinic
- Other
Ortho Pediatric Devices Market Regional Analysis/Insights
The ortho pediatric devices market is analysed and market size insights and trends are provided by country, product, application as referenced above.
The countries covered in the ortho pediatric devices market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominated the global ortho pediatric devices market. This can be attributed to favourable reimbursement policies, high healthcare expenditure, and well-established healthcare infrastructure.
Asia-Pacific is expected to grow at a lucrative rate over the forecast period owing to factors such as improving economic status and growing population especially in developing countries such as India.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Ortho Pediatric Devices Market Share Analysis
The ortho pediatric devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to ortho pediatric devices market.
Some of the major players operating in the ortho pediatric devices market are:
- Arthrex Inc. (Germany)
- Johnson & Johnson Services, Inc. (U.S.)
- NuVasive Inc. (U.S.)
- Orthofix US LLC (U.S.)
- OrthoPediatrics Corporation (U.S.)
- Pega Medical Inc. (Canada)
- Smith+Nephew (U.K.)
- Stryker (U.S.)
- WishBone Medical (U.S.)
- Zimmer Biomet (U.S.)
- Medtronic (Ireland)
- Auxein Medical (India)
- Consensus Orthopedics Inc. (U.S.)
- Implanet SA (U.S.)
- Merete GmbH (Germany)
- Mighty Oak Medical (U.S.)
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