According to The Insight Partners latest study on “Pediatric Orthopedic Implants Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Type, Application, and End User,” The report highlights trends prevailing in the global market, and drivers and restraints pertaining to the market growth.
Children have growing anatomy and the strength of the skeletal system is less. Therefore, medical conditions regarding orthopedics require special equipment to fix the deformation in bone, skeleton, and other dislocation.
Strategic Insights:
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Report Coverage |
Details |
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Market Size Value in |
(US$ 1,604.92 million in 2019) |
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Market Size Value by |
(US$ 3,479.79 million by 2027) |
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Growth Rate |
(CAGR of 10.2% during 2020–2027) |
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Forecast Period |
(2020-2027) |
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Base Year |
(2020) |
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No. of Pages |
(167) |
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No. Tables |
(84) |
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Segments covered |
(By type, Application, End User and Geography) |
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Regional scope |
(North America; Europe; Asia Pacific; Latin America; MEA) |
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Country scope |
(US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina) |
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Report coverage |
(Revenue forecast, company ranking, competitive landscape, growth factors, and trends) |
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Owing to rising technological advancement in the healthcare system, the treatments for Orthopaedic disorders are continually evolving and patients are being educated from time to time. Thus, it helps patients easily adopt the treatments and solutions provided by the healthcare service providers, such as hospitals and fitness centers. There is a wide range of products, such as braces, supports, and implants, available in the Pediatric Orthopedic Implants market to facilitate the orthopaedic solutions and treatments. These products provide various advantages to the patients, such as comfort while walking, reducing the pains, assisting in moving their limbs, reducing swelling and inflammation, and helps in becoming independent to move and walk around.
However, the awareness and usability of these products are more in the developed and upper-middle-income countries. Various foundations, such as the International Society, create awareness regarding the use of orthopaedic braces and promote the use of Prosthetics and Orthotics (ISPO). International Society assists people with limb amputations and injuries to their limbs and spine. Therefore, to achieve enhanced function and independence, society has developed the prosthetics and orthotics sector worldwide since its initiation.
Orthopedic congenital disability is caused due to abnormal development of bone and muscle tissue during fetal development. According to a study published by March of Dimes, the conditions for about 60% of congenital disabilities are unexplained. Various risk factors such as abnormal genes inherited from a parent, missing or abnormal genes caused by a chromosome disorder, consumption of alcohol, smoking cigarette, intake of illicit drugs, certain medications, radiation, and other indications. The orthopedic is among the different defect that has been observed remarkably. The congenital orthopedic disabilities include congenital disability clubfoot, developmental dysplasia of the hip that causes dislocation in the hip, metatarsus adducts that causes curved foot or in-toeing involving the feet, spine deformities, osteogenesis imperfecta, muscular dystrophy, limb defects, and bone infections.
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns.
Download the Latest COVID-19 Analysis on Pediatric Orthopedic Implants Market Growth Research Report at: https://www.theinsightpartners.com/covid-analysis-sample/TIPMD00002021
The global pediatric orthopedic implants market, based on type, is segmented into hip implants, knee implants, spine implants, craniomaxillofacial implants, dental implants, and others. The hip implants segment held the largest share of the market in 2019. However, the knee implants segment is expected to register the highest CAGR in the market during the forecast period.
Based on end user, the global pediatric orthopedic implants market is segmented into hospitals, pediatric clinics, and others. The hospitals segment held the largest share of the market in 2019, and it is expected to register the highest CAGR during 2020–2027. Hospitals are the primary end user that uses the orthopedic implant products as a part of surgical process related to hip, knee, and others.
Pediatric Orthopedic Implants Market: Competitive Landscape and Key Developments
Johnson and Johnson Services; Pega Medical; Arthrex, Inc.; Stryker Corporation; OrthoPediatrics Corp; Wishbone Medical, Inc; Samay Surgical; Vast Ortho; Merete GmbH; and Suhradam Ortho are among the key players operating in the pediatric orthopedic implants market. These companies focus on partnerships, product launches, and collaborations to sustain their positions in the market. For instance, in January 2021, OrthoPediatrics Corp. launched its first sterile-packed implants for Pediatric Nailing Platform FEMUR (“PNPFEMUR”).
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