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Global Orthopedic Devices Market to Reach US$41.2 bn by 2019 as Aging Global Population Pushes Demand

Posted on May 05, 2016

The global orthopedic devices market is expected to reach US$41.2 bn by the end of 2019, owing to multiple factors that are enabling it to progress at a CAGR of 4.9% from 2013 to 2019. This market was valued at US$29.2 bn in 2012, as stated in a research report published by leading market intelligence agency, Transparency Market Research. The report is titled “Orthopedic Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019.”

Browse the full Orthopedic Devices Market (Hip, Knee, Spine, Shoulder, Elbow, Foot and Ankle, Craniomaxillofacial and Other Extremities) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019 report at http://www.transparencymarketresearch.com/orthopedic-devices-market.html

According to the data published in the report, the key driver of the global orthopedic devices market is an increased demand resulting from the combination of two factors: The rapidly increasing geriatric population and the high demand for painless and noninvasive treatments. Both factors have spurred all manufactures in the global orthopedic devices market to ramp up their manufacturing rate as well as innovation and development efforts.

The report divides the global orthopedic devices market basis anatomical locations around the spine, foot and ankle, elbow, shoulder, knee, hip, and other extremities. The device types in the global orthopedic devices market are segmented as follows: External fixation devices, internal fixation devices, and joint implants. Other aspects of gauging the global orthopedic devices market include the success rate of each technology used, the insurance coverage for each device type, and the geographical reach.

In terms of anatomical location, the global orthopedic devices market was led by knees in 2012 in terms of revenue. The report predicts this segment to drop out in terms of revenue by 2019, owing to a high rate of product recalls.

Another major segment in the global orthopedic devices market for 2012 was hip devices. This segment is progressing at a CAGR of 5.9% within the report’s forecast period, a factor attributed to the increasing incidences of hip fractures and the growing geriatric demographic.

In terms of orthopedic consumables, the global orthopedic devices market was led by anchors in 2012, when it held 80% of the market through its two sub-segments of orthopedic staples and orthopedic suture anchors. By the end of 2019, the overall value of orthopedic consumables is expected to reach US$457 mn.

Geographically, the global orthopedic devices market was dominated by North America in 2012, due to the high rate of obesity and osteoarthritis in the U.S. Other factors include the increasing use of bioabsorbable implants and the growing geriatric demographic. On the other hand, the Asia Pacific orthopedic devices market is expected to provide tremendous opportunities to global players, owing to a rise in population density and increasing healthcare expenditure. Europe is expected to maintain its second position in the market due to a rapidly growing demand for infusion pumps and drug-eluting stents.

The key players in the global orthopedic devices market are NuVasive, Inc., Orthofix Holdings, Inc., Arthrex, Inc., Biomet, Inc., Medtronic, Inc., Small Bone Innovations, Inc., TriMed, Inc., Conmed Corporation, Globus Medical, Inc., DePuy Synthes, Inc., Solana Surgical LLC, Smith & Nephew PLC, ArthroCare Corporation, Stryker Corporation, Zimmer Holdings, Inc., Integra LifeSciences, Aesculap, Inc., Vilex, Inc., aap Implantate AG, and Wright Medical Technology, Inc.

Key segments of the Global Orthopedic Devices Market

Global Orthopedic Devices Market, by Anatomical Location

  • Global Hip Orthopedic Devices Market, by Product type,
    • Hip Orthopedic Joint Implants
      • Hip Orthopedic Metal-on-Metal Joint Implants
      • Hip Orthopedic Ceramic-on-Ceramic Joint Implants
      • Hip Orthopedic Ceramic-on-Polyethylene Joint Implants
    • Hip Orthopedic Internal Fixation Devices
      • Hip Orthopedic Internal Fixation Screws
      • Hip Orthopedic Internal Fixation Plates
      • Hip Orthopedic Internal Fixation Wires
      • Hip Orthopedic Internal Fixation Nails/Rods
    • Hip Orthopedic External Fixation Devices
      • Hip Orthopedic External Fixation Frames
      • Hip Orthopedic External Fixation Pins
  • Knee Orthopedic Devices
    • Knee Orthopedic Joint Implants
      • Knee Orthopedic Posterior Stabilized Joint Implants
      • Knee Orthopedic Cruciate Retaining Joint Implants
      • Uni-compartmental Knee Joint Implant
    • Knee Orthopedic Internal fixation devices
      • Knee Orthopedic Internal Fixation Pins
      • Knee Orthopedic Internal Fixation Plates
      • Knee Orthopedic Internal Fixation Screws
      • Knee Orthopedic Internal Fixation Wires
    • Knee Orthopedic External Fixation Devices
      • Knee Orthopedic External Fixation Frames
      • Knee Orthopedic External Fixation Clamps
      • Knee Orthopedic External Fixation Pins
  • Shoulder Orthopedic Devices
    • Shoulder Orthopedic Joint Implants
      • Shoulder Orthopedic Total Joint Implants
      • Shoulder Orthopedic Resurfacing Implants
    • Shoulder Orthopedic Internal Fixation Devices
      • Shoulder Orthopedic Internal Fixation Pins
      • Shoulder Orthopedic Internal Fixation Nails/Rods
      • Shoulder Orthopedic Internal Fixation Plates
      • Shoulder Orthopedic Internal Fixation Screws
      • Shoulder Orthopedic Internal Fixation Wires
    • Shoulder Orthopedic External Fixation Devices
  • Spinal Orthopedic Devices
    • Spinal Orthopedic Joint Implants
      • Spinal Orthopedic Thoracolumbar Joint Implants
        • Spinal Orthopedic Cervical Joint Implants
      • Spinal Orthopedic Internal Fixation Devices
        • Spinal Orthopedic Internal Fixation Screws
        • Spinal Orthopedic Internal Fixation Nail/Rods
        • Spinal Orthopedic Internal Fixation Plates
        • Spinal Orthopedic Internal Fixation Wires
  • Elbow Orthopedic Devices
    • Elbow Orthopedic Joint Implant
    • Elbow Orthopedic Internal Fixation Devices
      • Elbow Orthopedic Internal Fixation Pins
      • Elbow Orthopedic Internal Fixation Plates
      • Elbow Internal Fixation Screws
      • Elbow Internal Fixation Wires
    • Elbow Orthopedic External Fixation Devices
      • Elbow Orthopedic External Fixation Frames
      • Elbow Orthopedic External Fixation Pins
      • Elbow Orthopedic External Fixation Clamps
  • Foot and Ankle Orthopedic Devices
    • Foot and Ankle Orthopedic Joint Implant
      • Foot and Ankle Orthopedic Internal Fixation Devices
        • Foot and Ankle Internal Fixation Nails/Rods
        • Foot and Ankle Internal Fixation Screws
        • Foot and Ankle Internal Fixation Plates
        •  Foot and Ankle Internal Fixation Wires
      • Foot and Ankle Orthopedic External Fixation Devices
        • Foot and Ankle Orthopedic External Fixation Frames
        • Foot and Ankle Orthopedic External Fixation Pins
        • Foot and Ankle Orthopedic External Fixation Clamps
  • CranioMaxilloFacial (CMF) Orthopedic devices
    • CMF Orthopedic Internal Fixation devices
      • CMF Orthopedic Internal Fixation Mesh
      • CMF Orthopedic Internal Fixation Plates
      • CMF Orthopedic Internal fixation Screws
      • CMF Orthopedic Internal Fixation Wires
  • Other Extremities Orthopedic Devices
    • Other Extremities Orthopedic Joint Implants
    • Other Extremities Orthopedic Internal Fixation Devices
      • Other Extremities Orthopedic Internal Fixation Pins
      • Other Extremities Orthopedic Internal Fixation Rods
      • Other Extremities Orthopedic Internal Fixation Screws
      • Other Extremities Orthopedic Internal Fixation Plates
      • Other Extremities Orthopedic Internal Fixation Wires
    • Other Extremities Orthopedic External Fixation Devices
      • Other Extremities Orthopedic External Fixation Frames
      • Other Extremities Orthopedic External Fixation Pins

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