Ortho-Pediatric Devices Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 4.52 Billion |
| Market Size (2029) | USD 6.56 Billion |
| CAGR (2024 - 2029) | 7.70 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Ortho-Pediatric Devices Market Analysis
The Ortho-Pediatric Devices Market size is estimated at USD 4.52 billion in 2024, and is expected to reach USD 6.56 billion by 2029, growing at a CAGR of 7.70% during the forecast period (2024-2029).
The factors driving the market for ortho-pediatric devices are the rising incidence of pediatric orthopedic disorders and increasing technological advancement.
The rising incidence of pediatric orthopedic disorders such as scoliosis, arthrosis of the spine (facet arthrosis), and neuroforaminal stenosis is likely to boost the market. As more children are diagnosed with these conditions, the demand for specialized medical devices and treatments is expected to increase. For instance, as per an article published in the World Orthopedic Journal in January 2022, pediatric orthopedic disorders remained prevalent, with significant statistics reflecting their incidence. The overall incidence of pediatric orthopedic trauma was reported at 5,344 per 100,000 children annually in Denmark. Thus, the high burden of pediatric orthopedic devices is expected to increase demand for ortho-pediatric devices during the forecast period.
Further, the rising incidence of pediatric orthopedic disorders and elevating technological advancements are among the major factors driving the growth of the studied market. In March 2024, OrthoPediatrics Corp. unveiled its latest RESPONSE Rib and Pelvic Fixation system, specifically designed for pediatric patients. This system is OrthoPediatrics' inaugural solution targeting children with Early Onset Scoliosis, particularly those vulnerable to Thoracic Insufficiency Syndrome. The new system encompasses implants and instruments for rib and pelvic fixation, along with devices to link these fixation points. Such factors are likely to boost the technologically advancing options to treat ortho-pediatric conditions, thereby contributing to the market's growth.
Furthermore, several initiatives taken by the public organization and growing awareness of pediatric orthopedic issues are expected to drive innovation and expansion in this market. For instance, in October 2023, OrthoPediatrics Corp. forged a strategic alliance with Children鈥檚 National Hospital in Washington, DC, as part of the 鈥淎lliance for Pediatric Device Innovation鈥� (APDI). This collaboration aims to guide the development and commercialization of ortho-pediatric medical devices tailored for children. Such initiatives will bolster the innovation in ortho-pediatric devices, contributing to the market's growth.
Therefore, owing to the aforementioned factors, such as the high burden of ortho-pediatric disorder, technological advancement, and strategic initiatives by the market players, the studied market is anticipated to witness growth. However, a lack of awareness in underdeveloped countries is likely to impede the market's growth.
Ortho-Pediatric Devices Market Trends
The Deformity Correction Segment is Expected to Witness Growth During the Forecast Period
Deformity correction is the adjustment or modification of bones that grow incorrectly through surgical adjustments. Deformity correction is a result of certain diseases or conditions. Deformity correction can be used to treat deformities of the hand, hip, wrist, knee, ankle, and foot. Hence, owing to the increasing need for deformity correction, the adoption of treating deformity is likely to increase among the target population, ultimately driving the market's growth.
The significant burden of limb deformities in the pediatric population is expected to propel the segment's growth during the forecast period. For instance, additionally, according to the Cureus Journal, in April 2022, it was stated that lower limb deformity and limb length discrepancy are estimated to affect around 1:2000 children annually in Italy. If the deformity is untreated, it can lead to more abnormalities and pain. Hence, the need for deformity correction to prevent major issues in a child's life is expected to boost the growth of the segment.
Furthermore, the market players' strategic activities, such as product launches and acquisitions, are expected to bolster the segment's growth. For instance, in July 2022, OrthoPediatrics Corp. acquired Pega Medical. Pega鈥檚 product offering includes novel technologies to treat various conditions of ortho-pediatrics, such as a Fassier-duval telescopic intramedullary system designed for patients suffering from osteogenesis imperfecta and bone deformities.
Therefore, the deformity correction segment is expected to witness significant growth owing to the significant burden of limb deformities and strategic initiatives taken by the industry players.
North America is Expected to Hold a Significant Share of the Market During the Forecast Period
North America is expected to hold the major share of the market owing to factors such as innovations and advancement toward ortho-pediatric treatment options, and the increasing burden of ortho-pediatric disease are among the key factors that contribute to the growth of the studied market in North America.
The high incidence of orthopedic injuries in the pediatric population in the United States is expected to contribute to the market's growth during the forecast period. For instance, as per the article published in the Journal of Children's Orthopedics in February 2024, pediatric fractures in the United States were prevalent, occurring at a rate of 12 to 30 per 1,000 children annually. Approximately 42% of boys and 27% of girls will experience a fracture by age 16, with the incidence peaking between ages 10 and 14. Fractures account for 10-15% of childhood injuries, with common sites including the forearm, femur, and tibia. Thus, the high burden of pediatric injuries is expected to contribute to the market's growth during the forecast period.
Key product launches, the high concentration of market players, and the manufacturer's presence in the United States are some of the factors driving the growth of the ortho-pediatric devices market in the country. For instance, in January 2022, WishBone Medical Inc. formed a partnership with SpineGuard to gain distribution rights of PediGyard (smart spinal drilling device) used in the treatment of pediatric spine disorder for circulating it in children鈥檚 hospitals across the United States. These continuous collaborations in the region are anticipated to drive the growth of the market in the country. Similarly, in April 2022, OrthoPediatrics Corp. acquired MD Orthopedics. The acquisition of MD Orthopedics includes the bracing product lines and the patented Mitchell Ponseti ankle-foot orthosis (AFO) system for the treatment of clubfoot.
Therefore, owing to the aforementioned factors, such as the high burden of ortho-pediatric devices and strategic activities by the industry players, it is expected to contribute to the market's growth during the forecast period.
Ortho-Pediatric Devices Industry Overview
The ortho-pediatric devices market is fragmented in nature due to the presence of several companies operating globally and regionally. The industry players adopt several strategies such as partnerships, product launches, mergers, and acquisitions to gain the majority share in the market. Major players in the market are OrthoPediatrics Corp., Johnson & Johnson Inc. (DePuy Synthes), Stryker, Arthrex Inc., WishBone Medical, Zimmer Biomet., Smith & Nephew, and Orthofix US LLC.
Ortho-Pediatric Devices Market Leaders
-
OrthoPediatrics Corp
-
Johnson & Johnson Inc. (DePuy Synthes)
-
Arthrex, Inc.
-
Stryker
-
Smith & Nephew
*Disclaimer: Major Players sorted in no particular order
Ortho-Pediatric Devices Market News
- May 2024: The Food and Drug Administration granted the "Breakthrough Device" designation to OrthoPediatrics Corp. for its innovative eLLi surgical device. This implant targets the severe pathologies linked to Early Onset Scoliosis (EOS) in pediatric patients.
- December 2023: OrthoPediatrics Corp. unveiled a new division dedicated to non-surgical interventions in pediatric orthopedics. The newly established OrthoPediatrics Specialty Bracing division (OPSB) aims to be the flagship hub for brands and innovative products.
Ortho-Pediatric Devices Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Incidence of Ortho-pediatric Disorders
4.2.2 Elevating Technological Advancements
4.3 Market Restraints
4.3.1 Lack of Awareness In Under-developed Countries
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD)
5.1 By Application
5.1.1 Trauma
5.1.2 Deformity Correction
5.1.3 Sports
5.1.4 Other Applications
5.2 Geography
5.2.1 North America
5.2.1.1 United States
5.2.1.2 Canada
5.2.1.3 Mexico
5.2.2 Europe
5.2.2.1 Germany
5.2.2.2 United Kingdom
5.2.2.3 France
5.2.2.4 Italy
5.2.2.5 Spain
5.2.2.6 Rest of Europe
5.2.3 Asia-Pacific
5.2.3.1 China
5.2.3.2 Japan
5.2.3.3 India
5.2.3.4 Australia
5.2.3.5 South Korea
5.2.3.6 Rest of Asia-Pacific
5.2.4 Middle East and Africa
5.2.4.1 GCC
5.2.4.2 South Africa
5.2.4.3 Rest of Middle East and Africa
5.2.5 South America
5.2.5.1 Brazil
5.2.5.2 Argentina
5.2.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 OrthoPediatrics Corp.
6.1.2 Johnson & Johnson Inc. (DePuy Synthes)
6.1.3 Stryker
6.1.4 Arthrex Inc.
6.1.5 WishBone Medical
6.1.6 Samay Surgical
6.1.7 Merete GmbH
6.1.8 Zimmer Biomet
6.1.9 Smith & Nephew
6.1.10 Orthofix US LLC
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Ortho-Pediatric Devices Industry Segmentation
As per the scope of the report, pediatric orthopedics is defined as a branch of medicine that treats children鈥檚 muscles, joints, and bones. Similarly, ortho-pediatric devices are the devices used for treating children who have bone deformities and get their skeletal systems injured.
The ortho-pediatric devices market is segmented by application and geography. By application, the market is segmented into trauma, deformity correction, external fixation, sports, and other applications. By geography, the market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and South America. The market report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The report offers the value (USD) for the above segments.
| By Application | |
| Trauma | |
| Deformity Correction | |
| Sports | |
| Other Applications |
| Geography | ||||||||
| ||||||||
| ||||||||
| ||||||||
| ||||||||
|
Ortho-Pediatric Devices Market Research FAQs
How big is the Ortho-Pediatric Devices Market?
The Ortho-Pediatric Devices Market size is expected to reach USD 4.52 billion in 2024 and grow at a CAGR of 7.70% to reach USD 6.56 billion by 2029.
What is the current Ortho-Pediatric Devices Market size?
In 2024, the Ortho-Pediatric Devices Market size is expected to reach USD 4.52 billion.
Who are the key players in Ortho-Pediatric Devices Market?
OrthoPediatrics Corp, Johnson & Johnson Inc. (DePuy Synthes), Arthrex, Inc., Stryker and Smith & Nephew are the major companies operating in the Ortho-Pediatric Devices Market.
Which is the fastest growing region in Ortho-Pediatric Devices Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Ortho-Pediatric Devices Market?
In 2024, the North America accounts for the largest market share in Ortho-Pediatric Devices Market.
What years does this Ortho-Pediatric Devices Market cover, and what was the market size in 2023?
In 2023, the Ortho-Pediatric Devices Market size was estimated at USD 4.17 billion. The report covers the Ortho-Pediatric Devices Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Ortho-Pediatric Devices Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Ortho-Pediatric Devices Industry Report
Statistics for the 2024 Ortho-Pediatric Devices market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Ortho-Pediatric Devices analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
