Press release
Pediatric Orthopedic Implants Market is expected to reach US$ 3,479.79 million CAGR of 10.2% during 2020–2027 | Johnson and Johnson Services; Pega Medical; Arthrex, Inc.; Stryker Corporation; OrthoPediatrics Corp; Wishbone Medical, Inc; Samay Surgical;
According to the latest study on “Pediatric Orthopedic Implants Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Type, Application, and End User,” the market was valued at US$ 1,604.92 million in 2019 and it is projected to reach US$ 3,479.79 million by 2027; it is expected to grow at a CAGR of 10.2% during 2020–2027. The report highlights trends prevailing in the global market, and drivers and restraints pertaining to the market growth.Request for sample PDF Copy @ https://www.theinsightpartners.com/sample/TIPMD00002021/?openpr-10225
Factors such as increasing sports injuries and bone deformities among children, and rising awareness and adoption of orthopedic solutions and treatments are fueling the growth of the global pediatric orthopedic implants market. Further, high market potential in developing nations offers lucrative opportunities to the market players. However, the post-surgical complications hinder the market growth.
Based on type, the pediatric orthopedic implants market is segmented into hip implants, knee implants, spine implants, craniomaxillofacial implants, dental implants, and others. In 2019, the hip implants segment accounted for the largest share of the market.
Johnson and Johnson Services; Pega Medical; Arthrex, Inc.; Stryker Corporation; OrthoPediatrics Corp; Wishbone Medical, Inc; Samay Surgical; Vast Ortho; Merete GmbH; and Suhradam Ortho are among the key players operating in the pediatric orthopedic implants market. These companies focus on partnerships, product launches, and collaborations to sustain their positions in the market. For instance, in January 2021, OrthoPediatrics Corp. launched its first sterile-packed implants for Pediatric Nailing Platform FEMUR (“PNPFEMUR”).
Market Insights
Orthopedic congenital disability is caused due to abnormal development of bone and muscle tissue during fetal development. According to a study published by March of Dimes, the conditions for about 60% of congenital disabilities are unexplained. Various risk factors such as abnormal genes inherited from a parent, missing or abnormal genes caused by a chromosome disorder, consumption of alcohol, smoking cigarette, intake of illicit drugs, certain medications, radiation, and other indications. The orthopedic is among the different defect that has been observed remarkably. The congenital orthopedic disabilities include congenital disability clubfoot, developmental dysplasia of the hip that causes dislocation in the hip, metatarsus adducts that causes curved foot or in-toeing involving the feet, spine deformities, osteogenesis imperfecta, muscular dystrophy, limb defects, and bone infections.
The report segments the global pediatric orthopedic implants market as follows:
By Type
Hip Implants
Spine Implants
Knee Implants
Dental Implants
Craniomaxillofacial Implants
Others
By Application
Trauma & Deformity
Spinal Deformities
Broken Bones
Bone and Joint Infection
Others
By End User
Hospitals
Pediatric Clinics
Others
By Geography
North America
US
Canada
Mexico
Europe
France
Germany
Italy
UK
Russia
Rest of Europe
Asia Pacific
China
India
South Korea
Japan
Australia
Rest of Asia Pacific
Middle East & Africa
South Africa
Saudi Arabia
UAE
Rest of Middle East & Africa
South and Central America
Brazil
Argentina
Rest of South and Central America
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense
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