The pediatric orthopedic implants market size is expected to see strong growth in the next few years. It will grow to $2.71 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. Anticipated growth in the pediatric orthopedic implant sector is expected due to a shift toward personalized and tailored implant solutions. This forecast also accounts for heightened attention on minimally invasive procedures, a rising incidence of musculoskeletal disorders in pediatric patients, and an expansion in cases related to pediatric trauma. Notable trends in this period are projected to include collaborative efforts in research and development, innovative designs for implants driven by technological advancements, improvements in imaging technologies, developments in implant materials, and the integration of telehealth in pediatric orthopedic care.
The anticipated rise in the pediatric population is poised to drive the growth of the pediatric orthopedic implants market. Defined as individuals in the early stages of development who have not yet attained maturity, children stand to benefit from pediatric orthopedic implants, which offer advantages such as pain reduction, swelling alleviation, and assistance in limb mobility. For example, a report from the UK's Office for National Statistics in August 2022 revealed a 1.8% increase in live births in England and Wales, reaching 624,828 in 2021 from 613,936 in 2020. This surge in child numbers contributes significantly to the expansion of the pediatric orthopedic implants market.
The escalating occurrence of sports injuries is expected to be a key driver for the growth of the pediatric orthopedic implants market. Sports injuries, encompassing physical harm sustained during athletic activities, necessitate the use of pediatric orthopedic implants for stabilizing fractures and repairing growth plate injuries in children. These implants provide structural support, facilitating the proper healing of bones and the restoration of normal function. As an illustration, data from the Australian Institute of Health and Welfare in June 2023 indicated that wheeled sports and various forms of football accounted for the highest number of injury-related hospitalizations in 2020 and 2021 in Australia. Cycling, for instance, reported approximately 9,800 cases, followed by soccer (5,100), roller sports (5,000), and rugby (5,000). Consequently, the rising incidence of sports injuries serves as a significant catalyst for the pediatric orthopedic implants market.
The pediatric orthopedic implants market is witnessing a notable trend characterized by a focus on product innovations. Leading companies in the market are actively engaged in the development of novel products to fortify their market positions. An exemplar of this trend is Orthofix Medical, a US-based medical company, which introduced a pediatric implant as part of the fit bone limb-lengthening system in September 2021. This system, available in diameters 9mm, 11mm, and 13mm, caters to patient demands and stands out as the sole intramedullary limb lengthening treatment approved by the U.S. Food and Drug Administration (FDA) for use in both children and adults. Notably, the fit bone system is now compatible with the OrthoNext digital platform, featuring a reverse planning method module for enhanced preoperative assessment accuracy.
Prominent companies in the pediatric orthopedic implants market are directing their efforts toward advanced solutions, including the integration of patented modular quick-clip technology. This proprietary technology aims to expedite the assembly or connection of modular components in diverse applications or devices, thereby enhancing surgical precision, reducing operative time, and optimizing patient outcomes. An illustrative instance is the November 2023 launch by OrthoPediatrics Corporation, a US-based medical devices company, of the Mitchell Ponseti Plus Bar (MP+). Part of their specialty bracing portfolio for children with clubfoot, this orthopedic device employs patented modular quick-clip technology and features elastomer bumpers on the heels, expanding the width range for a customized fit.
In July 2022, OrthoPediatrics Corporation, a U.S.-based medical devices company, completed the acquisition of Pega Medical for $33 million. Through this strategic acquisition, OrthoPediatrics aims to broaden its pediatric orthopedics portfolio, thereby extending support to a larger demographic of children affected by orthopedic disorders. Pega Medical, based in Canada, specializes in the creation and manufacturing of pediatric orthopedic implants, aligning with OrthoPediatrics' vision of expanding its product range for pediatric orthopedic solutions.
Major companies operating in the pediatric orthopedic implants market report are Medtronic Plc., Stryker Corporation, B. Braun SE, DePuy Synthes, Zimmer Biomet, Smithy & Nephew Plc., Arthrex Inc., NuVasive Inc., DJO Global, CONMED Corporation, Globus Medical, Orthofix Medical Inc., Wittenstein intens GmbH, Corin Group, OrthoPediatrics Corporation, SI-BONE Inc., FH Orthopedics, Baumer S.A., Acumed, Merete Medical GmbH, JRI Orthopaedics Limited, GPC Medical Ltd., Samay Surgical, Auxein Inc., Wishbone Medical Inc., Waldemar Link GmbH & Co. KG, Implantcast GmbH, Bioretec Ltd., Suhradam Ortho, Vast Ortho.
North America was the largest region in the pediatric orthopedic implants market in 2023. The regions covered in the pediatric orthopedic implants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the pediatric orthopedic implants market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
Diverse categories of pediatric orthopedic implants include hip, spine, knee, dental, craniomaxillofacial implants, among others. Hip implants, for instance, are prosthetic components used to replace or repair damaged hip joints. These implants cater to an array of applications, including birth defects, fractures, bone and joint infections, spinal irregularities, and more. These devices serve hospitals, pediatric clinics, and other medical facilities.
The pediatric orthopedic implants market research report is one of a series of new reports that provides pediatric orthopedic implants market statistics, including pediatric orthopedic implants industry global market size, regional shares, competitors with a pediatric orthopedic implants market share, detailed pediatric orthopedic implants market segments, market trends and opportunities, and any further data you may need to thrive in the pediatric orthopedic implants industry. This pediatric orthopedic implants market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The pediatric orthopedic implants market consists of sales of spinal implants, joint implants, external fixation devices, intramedullary (IM) nails, plates, screws, and bone graft replacements. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
Executive Summary
Pediatric Orthopedic Implants Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on pediatric orthopedic implants market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
- Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for pediatric orthopedic implants? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered:1) By Type: Hip Implants; Spine Implants; Knee Implants; Dental Implants; Craniomaxillofacial Implants; Other Types
2) By Application: Birth Deformities; Limping; Broken Bones; Bone and Joint Infection; Spinal Deformities; Other Applications
3) By End-user: Hospitals; Pediatric Clinics; Other End-users
Key Companies Mentioned: Medtronic Plc.; Stryker Corporation; B. Braun SE; DePuy Synthes; Zimmer Biomet
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned
- Medtronic Plc.
- Stryker Corporation
- B. Braun SE
- DePuy Synthes
- Zimmer Biomet
- Smithy & Nephew Plc.
- Arthrex Inc.
- NuVasive Inc.
- DJO Global
- CONMED Corporation
- Globus Medical
- Orthofix Medical Inc.
- Wittenstein intens GmbH
- Corin Group
- OrthoPediatrics Corporation
- SI-BONE Inc.
- FH Orthopedics
- Baumer S.A.
- Acumed
- Merete Medical GmbH
- JRI Orthopaedics Limited
- GPC Medical Ltd.
- Samay Surgical
- Auxein Inc.
- Wishbone Medical Inc.
- Waldemar Link GmbH & Co. KG
- Implantcast GmbH
- Bioretec Ltd.
- Suhradam Ortho
- Vast Ortho.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | February 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 1.89 Billion |
Forecasted Market Value ( USD | $ 2.71 Billion |
Compound Annual Growth Rate | 9.4% |
Regions Covered | Global |
No. of Companies Mentioned | 30 |