Ortho Pediatric Devices Market Analysis North America, Europe, Asia, Rest of World (ROW) - US, Germany, UK, Canada, China - Size and Forecast 2024-2028

Ortho Pediatric Devices Market Size 2024-2028

The global ortho-pediatric devices market size is estimated to grow by USD 1.85 billion at a CAGR of 8.09% between 2023 and 2028. 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 

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 1.37 billion in 2018. 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 58% 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

In the realm of orthopedics, clinic settings address a myriad of issues from joints and pediatric orthopedic implants to conditions like missing bones, damaged cartilage, and shattered bones due to trauma or scoliosis and congenital deformities. Advances in surgical techniques and 3D printing technology enable the creation of custom-made implants and prosthetics, revolutionizing treatment approaches towards patient-centric healthcare. This innovation allows for precise reconstruction tailored to individual anatomies, enhancing recovery and mobility. 3D printing particularly facilitates the production of intricate structures that traditional methods struggle to replicate, improving surgical outcomes. Clinics specializing in orthopedic care leverage these technologies to offer personalized solutions, ensuring optimal results for patients with complex orthopedic conditions. As these technologies continue to evolve, the field anticipates further breakthroughs in orthopedic surgery, advancing both treatment efficacy and patient satisfaction through tailored medical interventions.

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 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.

Segment Overview

The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments

• 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

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Market Analyst Overview

Orthopedic care spans a wide spectrum of conditions and treatments, addressing issues like knee osteoarthritis with interventions ranging from braces, splints, to casts. Disorders such as cerebral palsy, Down syndrome, and autism spectrum disorder require specialized approaches in orthopedic hospitals equipped for elective surgery or orthopaedic oncology service. Trauma surgery handles emergencies like fractures, while spinal conditions and sclerosis necessitate surgical implants for correction. Bone deformation and dislocation management are critical in addressing rising bone abnormalities among youngsters affected by factors like malnutrition or congenital abnormalities. Specialist institutions focus on orthopedic residency training for future experts in managing orthopedic disorders and using oral devices such as mouthguards or headgear for orthodontic conditions. Physical therapy aids in rehabilitation post-surgery, addressing issues from swelling to inflammation. Early diagnosis and innovative treatments like arthroplasty mitigate risks such as deep vein thrombosis or surgical site infections, ensuring better outcomes in medical settings where skeletal deformities and orthopedic care are central.

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

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting of the market between 2024 and 2028
• Precise estimation of the market size and its contribution to the parent market
• Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
• Growth of the market across Europe, North America, APAC, South America, and Middle East and Africa
• Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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