Global Small Bone and Joint Orthopedic Devices Market 2017-2021

Overview of the global small bone and joint orthopedic devices market

Technavio’s market research report identifies that the rising prevalence of degenerative joint diseases will be one of the primary drivers for the global small bone and joint orthopedic devices market growth till 2021. Inflammation, breakdown, and eventual loss of the shock-absorbing cartilage occurs due to the degenerative joint diseases. In the US, more than 54 million adults were suffering from arthritis, rheumatoid arthritis, lupus, osteoarthritis, gout, or fibromyalgia between 2013 and 2015, as per the studies by centers for disease control and prevention (CDC). Also, it has been noticed that the risk of arthritis increases with age. Similarly, the risk of arthritis is more prevalent in women in comparison to men. The early diagnosis of osteoarthritis is very important to prevent the development of secondary conditions. Consequently, the need for small bone and joint orthopedic devices including cortex screws, bone screws, bone plate, cancellous screw, cortical screw, titanium plate for bone fracture, and others will also increase. According to the nebulizer industry analysis, Technavio’s market research analysts predict that this market will grow at a CAGR of 9% by 2021.

North America contributes the majority of the revenue towards the small bone and joint orthopedic devices market in the Americas. Also, the governments in the region are making efforts to improve the quality of care and reduce the hospital expenses through the affordable care act (ACA). The adoption rate of small bone and joint orthopedic devices and orthopedic plates and screws will increase in the region during the estimated period due to the rising elderly population and increase in the number of patients opting for orthopedic procedures.

Competitive landscape and key vendors

The small bone and joint orthopedic devices market is fragmented and characterized by the presence of established vendors and some regional vendors. These vendors of the orthopedic implants market are increasingly competing against each other based on factors such as the innovation in technology, effective in use, user-friendly, competitive pricing, consistent performance, and partnerships.

Key vendors in this market are -

• Acumed
• Arthrex
• DePuy Synthes
• Smith & Nephew
• Stryker

Other prominent vendors in the market include Exactech, Flower Orthopedics, Groupe Lépine, Integra LifeSciences, Lima Corporate, Mathys Medical, MatOrtho, Medartis, Orthofix, OsteoMed, Tecomet, Wright Medical, Z-Medical, and Zimmer Biomet.

Segmentation by product and analysis of the small bone and joint orthopedic devices market

• Reconstruction devices
• Fixation devices

Patients with fractures and soft tissue injuries are treated using orthopedic fixation devices. Internal, external, and intramedullary fixation devices are the three types of orthopedic fixation devices. The adoption of these devices is high because they maintain the alignment of bone fragments during the healing process to provide stability. The fixation devices segment will continue to grow in the forthcoming years because they quicken the healing process and enable the early mobility of the injured part.

Segmentation by end-user and analysis of the small bone and joint orthopedic devices market

• Hospitals
• ASCs

Small bone and joint orthopedic devices such as medical pins and bone plates and screws are extensively used in hospitals because most orthopedic procedures are performed in hospitals. They also offer a wide range of services. The majority of patients prefer hospitals over other healthcare centers because they have dedicated specialists and developed infrastructure. Furthermore, the number of tier-1 and tier-2 public and private hospitals is increasing due to rapid urbanization in APAC and some parts of EMEA.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global small bone and joint orthopedic devices market?
• What are the key market trends impacting the growth of the global small bone and joint orthopedic devices market?
• What are the challenges to market growth?
• Who are the key vendors in the global small bone and joint orthopedic devices market?
• What are the market opportunities and threats faced by the vendors in the global small bone and joint orthopedic devices market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global small bone and joint orthopedic devices market?

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