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Global Ortho Pediatric Devices Market – Industry Trends and Forecast to 2029

Healthcare

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Global Ortho Pediatric Devices Market – Industry Trends and Forecast to 2029

  • Healthcare
  • Upcoming Report
  • Jul 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Ortho Pediatric Devices Market – Industry Trends and Forecast to 2029

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2021–2029
Diagram Market Size (Base Year) USD 39,585.00 USD Million
Diagram Market Size (Forecast Year) USD 69,555.01 USD Million
Diagram CAGR %

Major Markets Players

  • Dummy1
  • Dummy2
  • Dummy3
  • Dummy4
  • Dummy5

Global Ortho Pediatric Devices Market, ByProduct (Trauma and deformities,Smart implants, Spine, Sports medicine) Application (Hospital, Clinic,Other) – Industry Trends and Forecast to 2029 - Global Ortho Pediatric Devices Market, ByProduct (Trauma and deformities,Smart implants, Spine, Sports medicine) Application (Hospital, Clinic,Other) – Industry Trends and Forecast to 2029

Ortho Pediatric Devices Market

Market Analysis and Size

According to the Arthritis Foundation's figures, 14 million people in the United States were confirmed to have symptomatic knee osteoarthritis in 2019, while an estimated 30.8 million adults were identified to have arthritis. By 2050, there will be 78.4 million adults in the US with osteoarthritis, which is a 25.9 % increase in the current figure. In addition, 34.6 million persons would experience activity limits brought on by their arthritis by 2040, a 52 % increase.

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

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Product (Trauma and deformities, Smart implants, Spine, Sports medicine) Application (Hospital, Clinic, Other)

Countries Covered

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

Market Players Covered

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.)

Market Opportunities

  • Excessive growth in terms of revenue generation and sales
  • Numerous social and economic aspects are positively affected

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

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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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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FREQUENTLY ASK QUESTIONS

The ortho pediatric devices market value was USD 39585 million in 2021.
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.
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.
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.
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.
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