10 Aug USD 1.36 Bn growth expected in Ortho Pediatric Devices Market — Evolving Opportunities with Arthrex Inc. and Auxein Medical Pvt. Ltd.
NEW YORK, Aug. 10, 2022 /PRNewswire/ — The “Ortho Pediatric Devices Market by Product and Geography – Forecast and Analysis 2022-2026” report by Technavio expects the market size to grow by USD 1.36 billion between 2021 and 2026, expanding at a CAGR of 6.89% during the forecast period. The report identifies Arthrex Inc., Auxein Medical Pvt. Ltd., Consensus Orthopedics Inc., Implanet SA, and Johnson and Johnson Inc., and others as dominant players. The report provides a comprehensive analysis of recent developments, new product launches, major revenue-generating segments, and market behavior across geographies.
The 120-page report segments the market by product (trauma and deformities, smart implants, spine, and sports medicine) and geography (North America, Europe, Asia, and Rest of World (ROW)).
Technavio categorizes the global ortho pediatric devices market as a part of the global healthcare equipment market. The parent, global healthcare equipment market covers products and companies engaged in research and development (R&D) of a variety of product categories, including capital equipment, instruments, implants, accessories, and consumables that are used for the diagnosis, monitoring, and treatment of various diseases.
Ortho Pediatric Devices Market Product Outlook (Revenue, USD Billion, 2021-2026)
- Trauma and deformities – size and forecast 2021-2026
- Smart implants – size and forecast 2021-2026
- Spine – size and forecast 2021-2026
- Sports medicine – size and forecast 2021-2026
By product, the trauma and deformities segment will have the largest share of the market. The growth of the segment can be attributed to factors such as the increasing prevalence of bone deformities among the pediatric population, technological advances, and new product launches specific to the pediatric group. The market growth in the segment will be significant during the forecast period.
Ortho Pediatric Devices Market Geography Outlook (Revenue, USD Billion, 2021-2026)
- North America – size and forecast 2021-2026
- Europe – size and forecast 2021-2026
- Asia – size and forecast 2021-2026
- Rest of World (ROW) – size and forecast 2021-2026
By region, North America will emerge as the key market, occupying 52% of the global market share. The rising prevalence of injuries in children, product launches, and initiatives by government and non-profit organizations for creating awareness and providing effective treatment and insurance coverage to pediatric patients are driving the growth of the regional market.
The market is driven by the increasing incidence of pediatric orthopedic injuries. In addition, the innovative business strategies adopted by vendors are anticipated to boost the growth of the ortho pediatric devices market. However, the high costs associated with orthopedic devices and surgeries might challenge the growth of the market players.
The market is fragmented due to the presence of some well-established vendors. Established companies are focusing on expanding their product portfolios through the development of advanced technologies and gaining regulatory approvals for new products. Companies are adopting both inorganic as well as organic growth strategies, such as M&A, new product launches, and expanding their product ranges through distribution partnerships and collaborations. Technavio identifies the following as the dominant players in the global ortho pediatric devices market.
- Arthrex Inc.
- Auxein Medical Pvt. Ltd.
- Consensus Orthopedics Inc.
- Implanet SA
- Johnson and Johnson Inc.
- Merete GmbH
- Mighty Oak Medical
- Nuvasive Inc.
- Orthofix Medical Inc.
- OrthoPediatrics Corp.
- Pega Medical Inc.
- Smith and Nephew plc
- Stryker Corp.
- Treace Medical Concepts Inc.
- Trendlines Group Ltd.
- TST Medical Tools San. and Tic. Ltd. Sti. Kurtkoy Sanayi Mah.
- WishBone Medical Inc.
- Zimmer Biomet Holdings Inc.
- Medtronic Plc
|Ortho Pediatric Devices Market Scope|
|Growth momentum & CAGR||Accelerate at a CAGR of 6.89%|
|Market growth 2022-2026||USD 1.36 billion|
|YoY growth (%)||6.4|
|Regional analysis||North America, Europe, Asia, and Rest of World (ROW)|
|Performing market contribution||North America at 52%|
|Key consumer countries||US, Canada, Germany, UK, and France|
|Competitive landscape||Leading companies, competitive strategies, consumer engagement scope|
|Companies profiled||Arthrex Inc., Auxein Medical Pvt. Ltd., Consensus Orthopedics Inc., Implanet SA, Johnson and Johnson Inc., Merete GmbH, Mighty Oak Medical, Nuvasive Inc., Orthofix Medical Inc., OrthoPediatrics Corp., Pega Medical Inc., Smith and Nephew plc, Stryker Corp., Treace Medical Concepts Inc., Trendlines Group Ltd., TST Medical Tools San. and Tic. Ltd. Sti. Kurtkoy Sanayi Mah., WishBone Medical Inc., Zimmer Biomet Holdings Inc., and Medtronic Plc|
|Market Dynamics||Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, and market condition analysis for the forecast period.|
|Customization purview||If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.|
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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