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Published Date: 2015-11-19Number of Pages: 86

Small Bone and Joint Orthopedic Devices Market: (Device Type: Fracture Fixation and Replacement Systems, Plates and Screws, External Fixation Devices, and Joint Prosthesis; Application: Foot, Ankle, Toe, Hand, Thumb, Wrist, Elbow, Shoulder, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2023

This report on the small bone and joint orthopedic devices market studies the current and future prospects of the market across the globe. Orthopedics is a branch of medicine science and surgery involving the use of orthopedic devices to correct various disorders and injuries of the bones and joints. The rising prevalence of joint degenerative diseases such as osteoporosis and osteoarthritis, increase in health care expenditure globally, and technological advancement leading to introduction of innovative devices for orthopedics application are some of the factors driving the small bone and joint orthopedic devices market. The market report comprises an elaborate executive summary, which includes a market snapshot that provides information about various segments and sub-segments of the market. It also provides information and data analysis of the global small bone and joint orthopedic devices market with respect to market segments based on the device type and applications and their geographic analysis.

Based on the device type, the small bone and joint orthopedic devices market has been segmented into: fracture fixation and replacement systems, plates and screws. External fixation devices market, and joint prosthetics. On the basis of applications, the market is categorized into: Foot (including ankle, toe and lower extremities), hand (including thumb, wrist and elbow), and shoulder. Each of the market segments have been extensively analyzed based on adoption rate, awareness, advantages, efficacy, revenue, and geographical coverage. The market size and forecast in terms of USD million for each segment has been provided for the period from 2013 to 2023. The report also provides the compound annual growth rate (CAGR %) for each market segment for the forecast period from 2015 to 2023, considering 2014 as the base year.

Geographically, small bone and joint orthopedic devices market has been segmented into five major regions: North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. The market size and forecast for each of these regions has been provided for the period from 2013 to 2023, along with their respective CAGRs for the forecast period from 2015 to 2023, considering 2014 as the base year. The report also provides with market size and forecast for major countries in the respective regions. The research study also covers the competitive scenario in the mentioned regions. A detailed qualitative analysis of factors responsible for driving and restraining the market growth and future opportunities has been provided in the market overview section. This section of the report also provides with market attractiveness analysis, Porter’s Five Forces analysis, and market share analysis by key players, thus presenting a thorough analysis of the overall competitive scenario in the global small bone and joint orthopedic devices market.

A list of recommendations has been provided for new entrants as well as existing market players to assist them in taking strategic initiatives to establish a strong presence in the market. The report also profiles major players in the market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments. Major players profiled in this report include Acumed LLC, Arthrex, Inc., DJO Global, Flower Orthopedics, DePuy Synthes, Smith & Nephew plc, Stryker Corporation, Tecomet, Inc., Wright Medical Group N.V., Zimmer Biomet Holdings, Inc., and Z-Medical GmbH + Co. KG.

The global small bone and joint orthopedic devices market is segmented as follows:

Global Small Bone and Joint Orthopedic Devices Market, by Device Type

  • Fracture Fixation and Replacement Systems
  • Plates and Screws
  • External Fixation Devices
  • Joint Prosthesis

Global Small Bone and Joint Orthopedic Devices Market, by Application

  • Foot (including ankle, toe and lower extremities)
  • Hand (including thumb, wrist and elbow)
  • Shoulder

Global Small Bone and Joint Orthopedic Devices Market, by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • United Kingdom
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Rest of the World
    • Latin America (LATAM)
    • Middle East and Africa (MEA)


1. Preface
     1.1. Report Description
     1.2. Market Segmentation
     1.3. Research Methodology

2. Executive Summary
     2.1. Small Bone and Joint Orthopedic Devices: Market Snapshot
     2.2. Global Small Bone and Joint Orthopedic Devices Market Share, by Geography, 2014 & 2023 (Value %)
     2.3. Global Small Bone and Joint Orthopedic Devices Market, by Device Type, 2014 (US$ Mn)

3. Global Small Bone and Joint Orthopedic Devices Market – Industry Analysis
     3.1. Introduction
     3.2. Market Dynamics
            3.2.1. Drivers
                     3.2.1.1. Rise in disabling diseases such as osteoporosis and osteoarthritis 
            3.2.2. Restraints
                     3.2.2.1. High cost of rate of complications and failure
                     3.2.2.2. Pharma Drugs, tissue engineering and bone substitutes to hamper the market growth
            3.2.3. Opportunities
                     3.2.3.1. Focus on technological innovations
                     3.2.3.2. Unmet needs in emerging countries of Asia Pacific and Rest of the World 
     3.3. Porter’s Five Forces Analysis 
     3.4. Market Attractiveness Analysis– Small Bone and Joint Orthopedic Devices Market, by Geography, 2014 (%) 
     3.5. Competitive Landscape
            3.5.1. Market Share Analysis, by Key Players, 2014 (Value %)

4.  Market Segmentation – By Device Type
     4.1. Introduction
            4.1.1. Global Small Bone and Joint Orthopedic Devices Market Revenue, by Type, 2013–2023, (US$ Mn)
     4.2. Fracture Fixation and Replacement Systems
            4.2.1. Global Fracture Fixation and Replacement Systems Market Revenue, 2013–2023, (US$ Mn)
     4.3. Plates and Screws
            4.3.1. Global Plates and Screws Market Revenue, 2013–2023 (US$ Mn) and Analysis
     4.4. External Fixation Devices 
            4.4.1. Global External Fixation Devices Market Revenue, 213-2023 (US$ Mn)
     4.5. Joint Prosthetics 
            4.5.1. Global Joint Prosthetics Market Revenue, 2013-2023 (US$ Mn)

5. Market Segmentation – By Application
     5.1. Introduction
            5.1.1. Global Small Bone and Joint Orthopedic Devices Market Revenue, by Application, 2013–2023, (US$ Mn)
     5.2. Foot and Ankle Orthopedic Devices
            5.2.1. Global Foot and Ankle Orthopedic Devices Market Revenue, 2013-2023 (US$ Mn) and Analysis
     5.3. Hand Orthopedic Devices Market
            5.3.1. Global Hand Orthopedic Devices Market Revenue, 2013–2023 (US$ Mn) and Analysis
     5.4. Shoulder Orthopedic Devices
            5.4.1. Global Shoulder Orthopedic Devices Market Revenue, 2013–2023 (US$ Mn) and Analysis

6. Market Segmentation – By Geography
     6.1. Introduction
            6.1.1. Global Small Bone and Joint Orthopedic Devices Market Revenue, by Geography, 2013–2023, (US$ Mn)
     6.2. North America Small Bone and Joint Orthopedic Devices Market
            6.2.1. North America Small Bone and Joint Orthopedic Devices Market Revenue, by Country, 2013–2023, (US$ Mn)
     6.3. Europe Small Bone and Joint Orthopedic Devices Market
            6.3.1. Europe Small Bone and Joint Orthopedic Devices Market Revenue, by Country, 2013–2023, (US$ Mn)
     6.4. Asia Pacific Small Bone and Joint Orthopedic Devices Market
            6.4.1. Asia Pacific Small Bone and Joint Orthopedic Devices Market Revenue, by Country, 2013–2023, (US$ Mn)
     6.5. Rest of the World Small Bone and Joint Orthopedic Devices Market 
            6.5.1. Rest of the World Small Bone and Joint Orthopedic Devices Market Revenue, 2013–2023, (US$ Mn)
            6.5.2. Rest of the World Small Bone and Joint Orthopedic Devices Market Revenue, by Country, 2013–2023, (US$ Mn)

7. Recommendations
     7.1. Rigorous Research and Development Initiatives for Innovative Products
     7.2. Investing in Emerging Economies

8. Company Profiles
     8.1. Acumed LLC
     8.2. Arthrex, Inc.
     8.3. Depuy Synthes
     8.4. DJO Global
     8.5. F. Hoffmann-La Roche Ltd.
     8.6. Flower Orthopedics 
     8.7. Smith & Nephew plc
     8.8. Stryker Corporation
     8.9. Tecomet, Inc.
     8.10. Wright Medical Group N.V.
     8.11. Z-Medical GmbH + Co. KG
     8.12. Zimmer Biomet Holdings, Inc.

Osteoporosis is an alarming health issue, especially in elderly population. The disease is associated with weakening of hip, knee, wrist, and spinal bones and joints. An article published by a continuing education recognition program in June 2014 stated that one in two females over the age of 50 will undergo fracture due to osteoporosis. Additionally, 50% of the population of the U.S. aged 50 years and above is expected to be diagnosed with low bone mineral density and osteoporosis by 2020. In the US alone, an estimated 52% of postmenopausal white women are osteopenic and 20% are osteoporotic. Osteoarthritis is one of the ten most disabling diseases in developed countries. Around 25% of individuals suffering from arthritis have difficulty in performing day-to-day activities. According to statistics published by the Centers for Disease Control and Prevention (CDC), 50 million people in the U.S. are diagnosed with arthritis. Many of these individuals have activity limitation. These diseases act as predisposing factors for fractures, pain, and impaired mobility. A large number of patients undergo joint replacement surgeries to get rid of the disability due to arthritis. Fragile bones due to osteoporosis are fractured due to minor accidents such as fall or impact on hard objects.

The small bone and joint orthopedic devices market has been segmented, based on device type, into fracture fixation and replacement systems, plates and screws, external fixation devices, and joint prosthesis. Based on application, the small bone and joint orthopedic devices market comprises foot, ankle, toe, hand, wrist, elbow, and shoulder. The foot segment including ankle, toe and lower extremities is expected to be the fastest growing segment, expanding at a CAGR of 8.3% from 2015 to 2023. Demand for minimally invasive procedures and introduction of bioabsorbable implants are the major drivers of the market. Demand for orthopedic procedures is expected to increase in the near future due to the increase in the geriatric population and obesity across the world. Fracture fixation and replacement systems was the largest segment of the market in 2014. The segment was valued at US$ 1,596.3 Mn in 2014 and is likely to expand at a CAGR of 8.0% from 2015 to 2023.


Geographically, North America dominated the global small bone and joint orthopedic devices market in 2014. The region is expected to continue its dominance during the forecast period. Asia Pacific is considered to be the most attractive market for small bone and joint orthopedic devices due to the rise in incidence of obesity and joint degenerative disease such as osteoporosis and osteoarthritis through 2023. The demographics and lifestyle changes favor market growth in the region. There is a rise in the per capita income and the knowhow of the medical technologies. Asia Pacific is also a preferred option for medical tourism for patients in the U.S. where cost of medical services is high.

Major players in the small bone and joint orthopedic devices market are Acumed LLC, Arthrex, Inc., DJO Global, Flower Orthopedics, DePuy Synthes, Smith & Nephew plc, Stryker Corporation, Tecomet, Inc., Wright Medical Group N.V., Zimmer Biomet Holdings, Inc., and Z-Medical GmbH + Co. KG.

 

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