Ortho Pediatric Devices Market by Application, Product and Geography - Forecast and Analysis 2023-2027

Ortho Pediatric Devices Market Forecast 2023-2027

The global ortho-pediatric devices market size is estimated to grow by USD 1.66 billion at a CAGR of 7.76% between 2022 and 2027. In the upcoming years, soft tissue repair products will become more prevalent in emerging nations in Asia and ROW. There are plenty of opportunities for growth in countries such as China, India, and Brazil within the global orthopedic soft tissue repair devices market. This is due to the markets in these nations being characterized by a significant patent base for target indications, growing health awareness, increasing healthcare expenditure, growing medical tourism, and quickly developing healthcare infrastructure. The rise of medical tourism in nations like India, Singapore, and Malaysia has taken place over the last few decades. This is because medical procedures in these developing nations are much less expensive than in developed nations such as the US, Germany, France, and the UK. Additionally, the factors contributing to the rise of health tourists who travel to those countries for treatment are the availability of good, well-equipped operating rooms and the presence of trained surgeons across Private Hospital Chains. This market research and growth report also includes an in-depth analysis of drivers, trends, and challenges. 

What will be the size of the Ortho pediatric devices Market During the Forecast Period?

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The market encompasses a wide array of innovative solutions, including polymer and ceramic-based implants like the Precice nail, catering to various orthopedic conditions prevalent among children. These conditions range from abnormal genes and chromosomal disorders to hip dysplasia, knee injuries, and trauma-induced deformities. With advancements such as the Precice all-internal limb lengthening solution, the market addresses challenges like refracture risk, implant infection, breakage, and loosening. From hip to spine, knee, and craniomaxillofacial implants, these devices offer tailored solutions for pediatric patients, ensuring optimal treatment outcomes and improved quality of life.

Market Segmentation

Technavio has segmented the market into  Application, Product, and Geography. The application segment of the market encompasses a wide array of orthopedic conditions and treatments tailored specifically for pediatric patients. Biodegradable implants, including polymer and ceramic-based options, offer innovative solutions for addressing orthopedic defects in children. Conditions such as clubfoot, hip dysplasia, and juvenile idiopathic arthritis (JIA) are among the orthopedic defects that pediatric orthopedic devices target. These devices aim to correct abnormalities caused by genetic factors, chromosomal disorders, or pediatric trauma, providing effective treatment options to improve mobility and quality of life for young patients. Implants such as the Precice all-internal limb lengthening solution and Precice nail offer advanced techniques for limb lengthening in children, reducing the need for multiple surgeries and minimizing the risk of refracture. However, challenges such as fixed sizes of implants and the risk of implant-related complications, including infection, breakage, and loosening, underscore the importance of careful patient selection and ongoing monitoring. Orthopedic devices extend beyond limb lengthening to address a wide range of pediatric orthopedic conditions, including spine deformities, knee injuries, and craniomaxillofacial abnormalities. Additionally, smart implants equipped with advanced technology offer innovative solutions for monitoring patient progress and optimizing treatment outcomes.

By Application 

Hospitals 

The market share growth by the hospitals segment will be significant during the forecast period. The increasing number of public and private specialty hospitals providing orthopedic-related treatments will influence the growth of the hospital segment in this global ortho pediatric devices market during the forecast period. In order to obtain high-quality health products and supplies in bulk, large hospitals have advanced healthcare infrastructure. 

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The hospitals segment was valued at USD 1.30 billion in 2017. Several technological advances and innovations like using external fixator technology and using small extraphysical plates for treating limb deformities are increasing the reliability of ortho pediatric devices, thereby increasing their demand in healthcare facilities. Moreover, the growth of the global orthogeriatric Devices market is expected to be boosted by increased research and development activities.

Regional Analysis

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North America is estimated to contribute 52% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that will shape the market during the forecast period.

The ortho pediatric devices market in North America will grow at a moderate rate during the forecast period. The growth of this market is underpinned by factors such as a growing incidence of injuries in children, product launches, and government and non-profit organizations' initiatives aimed at creating awareness and providing effective medical therapy and insurance coverage for pediatric patients. The growing number of products offered by key vendors in the region is likely to drive market growth during the forecast period.

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Market Dynamics and Customer Landscape

The market is witnessing remarkable advancements, including biodegradable implants and innovative solutions like the Precice all-internal limb lengthening system. Catering to orthopedic defects such as clubfoot and genetic disorders like juvenile idiopathic arthritis (JIA), these devices offer tailored treatments. Addressing concerns like implant removal, refracture risks, and infections, they cover various areas like hip, spine, knee, and dental implants. With a focus on minimizing multiple surgeries and enhancing patient outcomes, smart implants are gaining traction, especially in pediatric trauma and sports medicine. The market's trajectory reflects a promising future in addressing diverse orthopedic challenges in young patients. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. 

Key Market Drivers

The favorable reimbursement scenario for spinal implants is driving growth in the market. The increased demand for spinal implants ortho pediatrics will be driven by a favorable reimbursement scenario, which will, in turn, drive market growth. Various reforms, such as the Affordable Care Act (Obamacare) in the US healthcare system, provide medical insurance coverage for more people. It enabled the best treatment of spinal implants to be given to patients with back pain.

Countries such as Japan, Australia, and China have structured nationalizing policies for the minimally invasive interventional spine. The Japanese government has also started giving reimbursement coverage for spinal implants. It is estimated that Asia's adoption rates will be driven by a favorable reimbursement scenario, together with an aging population. Therefore, increasing reimbursements in key regions worldwide will drive the growth of the market during the forecast period.

Significant Market Trends

The global adoption of advanced treatment solutions is a primary trend in the market. Using and adopting in-vitro diagnostics to manage and test for cancer, CVD, and infectious kidney diseases with immunoassay and molecular diagnostic devices is increasing. Increased adoption rates among healthcare professionals are also facilitated by the availability of advanced treatment options.

However, the growing demand for diagnostics requires companies to invest in the provision of tailor-made automation solutions with a view to meeting patients' needs. The adoption of point-of-care testing (POCT) is rising globally due to its efficient workflow process and advantages, such as the ability to be performed at the bedside, portability, and timely and rapid diagnosis. Thus, the increasing adoption of in-vitro diagnostics for improved treatment care will drive the growth rate of the global market during the forecast period.

Major Ortho pediatric Devices Market Challenges

The high costs associated with orthopedic devices and surgeries are a major challenge faced by the market. In particular, the growth of this market is hindered by higher costs linked to ortho pediatric devices and related procedures. Such expensive orthopedic devices can increase the cost burden on end-users as well as patients. Ortho pediatric equipment is used to diagnose and treat various orthopedic conditions in pediatric patients. The costs of these facilities are dependent on their application and features.

The cost of orthopedic surgery includes the cost of orthopedic devices, procedure charges, consultation fees, medicines, and consumable costs, which contribute to the overall cost of a procedure to the patients. In relation to procedures, the costs of orthopedic surgery are different. In addition, patients' costs may increase as a result of repeat tests. Moreover, the cost of diagnosis can vary depending on the healthcare infrastructure. Therefore, Such factors are expected to limit the global market growth during the forecast period.

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Customer Landscape

The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Ortho pediatric Devices Market Customer Landscape

Key Market Players 

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

Arthrex Inc. - The company offers ortho pediatric devices namely TightRope implants.

• Apex Ortho and Surgical
• 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 Tibbi Aletler San. Ve Tic. Ltd. Sti.
• WishBone Medical Inc.
• Zimmer Biomet Holdings Inc.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Analyst Overview

The market encompasses a range of innovative solutions catering to orthopedic defects in children, including biodegradable implants and polymer and ceramic-based implants. Technologies like the Precice all-internal limb lengthening solution and Precice nail offer advanced treatment options. Pediatric trauma resulting from conditions like clubfoot or abnormal genes is addressed with specialized implants. Despite challenges like refracture risk or implant infection, solutions such as hip implants, spine implants, and knee implants play a vital role. Additionally, dental implants and craniomaxillofacial implants are essential for addressing specific conditions. From hip dysplasia to juvenile idiopathic arthritis (JIA) and knee injuries, these devices aid in treating various pediatric orthopedic conditions, including broken bones, bone and joint infection, and spinal deformities. The market also addresses concerns surrounding implant breakage and implant loosening, emphasizing the need for durable and reliable orthopedic pediatric devices to ensure patient safety and long-term efficacy.

The market addresses a wide array of medical needs for children, including orthopedic birth defects and chromosomal disorders. Often there are fixed sizes of implants, cater to various conditions such as fractures, spinal conditions, and sclerosis. Despite the challenges of multiple surgeries and the implant removal process, innovative solutions like braces, splints, and casts aid in treatment. Pediatric clinics and orthopedic hospitals play a crucial role in providing care, utilizing devices like oral repair devices and extra-oral devices. The development of ortho pediatric devices is crucial not only for addressing conditions like knee osteoarthritis but also for catering to specialized needs in trauma surgery and orthopedic oncology, benefiting patients with Down syndrome and autism spectrum disorder. Orthopedic procedures, including arthroplasty and treatments for conditions like deep vein thrombosis, are essential in managing abnormalities and ensuring the well-being of pediatric patients, under the scrutiny of regulatory bodies like the USFDA.

Segment Overview

The ortho-pediatric devices market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

• Application Outlook 
  • Hospitals
  • Clinics
  • Others

• Product Outlook 
  • Trauma and deformities
  • Smart implants
  • Spine
  • Sports medicine

• Region Outlook 
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia
    • China
    • India
  • ROW
    • Argentina
    • Australia
    • Rest of the World

Market Scope
Report Coverage	Details
Page number	169
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 7.76%
Market growth 2023-2027	USD 1.66 billion
Market structure	Fragmented
YoY growth 2022-2023(%)	6.71
Regional analysis	North America, Europe, Asia, and the Rest of the World (ROW)
Performing market contribution	North America at 52%
Key countries	US, Canada, Germany, UK, and China
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
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 Tibbi Aletler San. Ve Tic. Ltd. Sti., WishBone Medical Inc., and Zimmer Biomet Holdings Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting between 2023 and 2027
• Precise estimation of the size of the market in focus on the parent market
• Detailed analysis of customer landscape covering Diver of price sensitivity, Adoption of the lifecycle, and key purchase criteria 
• Companies landscape comparing criticality of inputs and factors of differentiation
• Exclusive Matrix on Company's Position and Classification
• Accurate predictions about upcoming trends and changes in consumer behavior
• Market growth analysis across North America, Europe, Asia, and the Rest of the World (ROW)
• A thorough analysis of the market’s competitive landscape and detailed information about companies
• Market forecasting of factors that will challenge the growth of ortho-pediatric devices market companies

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