The Pediatric Orthopedic Implants Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Pediatric Orthopedic Implants Global Market Report 2024, The pediatric orthopedic implants market size has grown rapidly in recent years. It will grow from $1.71 billion in 2023 to $1.89 billion in 2024 at a compound annual growth rate (CAGR) of 10.6%. The growth in the historic period can be attributed to advancements in pediatric orthopedic surgery techniques, increasing incidence of pediatric orthopedic conditions, rise in pediatric sports injuries, growing awareness and education, pediatric subspecialization in orthopedics.
The pediatric orthopedic implants market size is expected to see strong growth in the next few years. It will grow to $2.71 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to personalized and customized implants, increased focus on minimally invasive techniques, growing prevalence of pediatric musculoskeletal disorders, expansion of pediatric trauma cases. Major trends in the forecast period include collaborations for research and development, technological innovations in implant design, advances in imaging technologies, technological innovations in implant materials, telehealth in pediatric orthopedic care.
The growth in the number of children population is expected to propel the growth of the pediatric orthopedic implants market going forward. Children refer to young people who have not yet achieved maturity and are still in the early phases of their development. Pediatric orthopedic implants provide various advantages to the patients, such as reducing pain, swelling, and inflammation and assisting in moving their limbs. For instance, in August 2022, according to a report published by the Office for National Statistics, a UK-based government department, England and Wales had 624,828 live births in 2021, up 1.8% from 613,936 in 2020. Therefore, the growth in the number of children drives the pediatric orthopedic implants market.
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The pediatric orthopedic implants market covered in this report is segmented –
1) By Type: Hip Implants, Spine Implants, Knee Implants, Dental Implants, Craniomaxillofacial Implants, Other Types
2) By Application: Birth Deformities, Limping, Broken Bones, Bone And Joint Infection, Spinal Deformities, Other Applications
3) By End User: Hospitals, Pediatric Clinics, Other End Users
Product innovations are a key trend gaining popularity in the pediatric orthopedic implants market. Major pediatric orthopedic implants market companies are developing new products to sustain their position in the market. For instance, in September 2021, Orthofix Medical, a US-based medical company, launched a pediatric implant of the fit bone limb-lengthening system. The fit bone system comes in diameters 9mm, 11mm, and 13mm, meets the demands of patients, and is the only intramedullary limb lengthening treatment approved by the U.S. Food and Drug Administration (FDA) for use in children and adults. Further, this system is now compatible with the software tool OrthoNext digital platform, which features a reverse planning method module enabling a more accurate preoperative assessment.
The pediatric orthopedic implants market report table of contents includes:
1. Executive Summary
2. Pediatric Orthopedic Implants Market Characteristics
3. Pediatric Orthopedic Implants Market Trends And Strategies
4. Pediatric Orthopedic Implants Market – Macro Economic Scenario
5. Global Pediatric Orthopedic Implants Market Size and Growth
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31. Pediatric Orthopedic Implants Market Other Major And Innovative Companies
32. Global Pediatric Orthopedic Implants Market Competitive Benchmarking
33. Global Pediatric Orthopedic Implants Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Pediatric Orthopedic Implants Market
35. Pediatric Orthopedic Implants Market Future Outlook and Potential Analysis
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