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

Small Bone and Joint Orthopedic Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2023

The growing prevalence of degenerative disorders, such as osteoarthritis and osteoporosis, has been fuelling the demand for small bone and joint orthopedic devices significantly across the world. In 2014, the global opportunity in these devices was worth US$4.1 bn. Expanding at a CAGR of 8.10% during the period from 2015 to 2023, it is likely to reach US$8.2 bn by the end of 2023.

The rising demand for radial head repair devices and three-piece mobile ankle arthroplasty and the growing popularity of shoulder arthroplasty devices are likely to drive the market’s growth in the coming years.

North America to Remain Key Contributor to Small Bone and Joint Orthopedic Devices Market

Based on region, the worldwide market for small bone and joint orthopedic devices has been segmented into Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa. Among these, North America occupied the leading position in 2014 with a share of 46.9%.

The increasing number of orthopedic procedures, the rise in the obese population, and continual introduction of technically advanced products has boosted the sale of these devices in this region over the recent past. Although the future of these devices looks good in this region, its market share, however, is likely to decline a little over the forecast period, reaching 46.5% by 2023. Despite the decline, North America will remain the key contributor to the overall market in the coming years, states TMR.

Asia Pacific, on the other hand, is projected to present the most lucrative opportunities for small bone and joint orthopedic devices in the near future on account of the improving economy of several Asian countries, which is anticipated to boost the healthcare infrastructure in the region. Apart from this, the increasing disposable income of people in this region has enabled them to afford expensive treatments, which is also expected to act as a key driving force behind the growing demand for these devices in Asia Pacific over the years.

The opportunity in small bone and joint orthopedic devices in North America is estimated to reach US$3.8 bn by 2023, whereas Asia Pacific is projected to register the fastest CAGR of 8.40% between 2015 and 2023.

Demand for Small Bone and Joint Orthopedic Devices to Remain High in Shoulder Reconstruction

Shoulder reconstruction reports the most prominent demand for small bone and joint orthopedic devices across the world. The increasing shift of preferences from partial and resurfacing shoulder implants to reversed shoulder implants among patients suffering from large rotator cuff tears has emerged as the primary factor that has fueled the application of these devices in shoulder reconstruction. Along with this, the rising usage of stemless shoulder implants for the treatment of young patients is also stimulating the demand for these devices in this segment. The opportunity for small bone and joint orthopedic devices in shoulder reconstruction is expected to expand to US$4.7 bn by 2023.

The leading manufacturers of small bone and joint orthopedic devices across the world are Flower Orthopedics, Z-Medical GmbH + Co. KG, Arthrex Inc., Tecomet Inc., Wright Medical Group N.V., F. Hoffmann-La Roche Ltd., Depuy Synthes, Smith & Nephew plc, Stryker Corp., Zimmer Biomet Holdings Inc., Acumed LLC, and DJO Global.


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.

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)


 
 
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