According to a new
market report published by Transparency Market Research "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," the global orthopedic devices market was
valued at USD 29.2 billion in 2012 and is expected to grow at a CAGR of 4.9% from 2013 to
2019, to reach an estimated value of USD 41.2 billion in 2019.
Browse Orthopedic
Devices Market Report with Full TOC at http://www.transparencymarketresearch.com/orthopedic-devices-market.html
Orthopedic devices are
used to provide or restore stability by placing them within the body's
skeleton. These help in correcting the problems associated with the bone and
joints such as injuries or deformities. Insertion of these orthopedic devices
such as joint implants, internal and external fixators involves surgical
procedures which can be minimally invasive. Growing elderly population combined
with the rise in risk for osteoporosis, osteoarthritis, injuries and obesity,
contribute to the growth of this market particularly in emerging economies of
the Middle
East, and the Asian
countries such as China and
India.Furthermore, technological advancementssuch asbio-absorbableimplants
coupled with increase in the success rate of these implants and fixators in the
emerging market, will serve as an opportunity for investors to invest in.
The global market for
orthopedic deviceshas been studied from the perspective of widely used various
orthopedic devices and number of procedures for particular anatomical
location.The report provides a detailed analysis of orthopedic devices for hip,
knee, shoulder, elbow, foot and ankle, and other extremities. These are further
segmented into joint implants, internal fixation devices and external fixation
devices. The others extremities segment comprises the market for wrists, digits
and hand. The market has also been estimated for spinal orthopedic devices
which includes cervical and thoracolumbar spinal implants and the internal
fixation devices. Moreover, orthopedic devices for craniomaxillofacial
comprises only of internal fixation devices.
In 2012, knee
orthopedic devices accounted for the largest share by revenue of the total orthopedic devices
market. However, the product
recalls caused dueto factors such as implant loosening, corrosion, wear, and
manufacturing errors are expected to have a major impact on the overall
marketrevenue. Thus, the U.S. and European markets are anticipated to see a
decline in growth during the forecast period.The market for hip orthopedic
productsaccounted for the second largest share in 2012. It is estimated that
the global market for hip deviceswill grow at a CAGR of over 5.9% from 2013 to
2019, owing to its high incidence rate of hip fractures and demand for hip
replacement procedures.
The report also
provides market estimations for orthopedic consumables during the forecast
period of 2013 to 2019. This market has been segmented as anchors and staples.
Anchors form a major share of the total orthopedic consumables market
contributing to around 80% of the market share in 2012. The overall orthopedic
consumables market is expected to grow to reach a value of USD 457
million by 2019.
Geographically, North
America dominatedthe global
market for orthopedic devices in terms of revenue generation and is expected to
maintain its position throughout the forecast period. The adoption of bio
absorbable implants, growing elderly population and rise in incidences of
osteoporosis, osteoarthritis, and obesity in the U.S., consequently leading to
various types of fractures, is expected to contribute to the leadership of the
North American market. Europe was the second largest regional market for orthopedic devicesin
2012, owing to the increased demand for drug eluting stents and infusion pumps. Asia-Pacificis expected to be the fastest growing region
in the global orthopedic devices marketfrom 2013 to 2019.
The global hip and
knee orthopedic devices market is dominated by major players including Depuy
Synthes, Zimmer and Stryker, while the overall spinal devices market is
dominated by Medtronic, Depuy, Styrker and NuVasive.
The global orthopedic
devices marketis segmented as follows:
Orthopedic
DevicesMarket, by Anatomical Location
§ Hip
o Hip Joint Implants
§ Metal on metal
§ Ceramic on ceramic
§ Ceramic on polyethylene
o Hip Internal Fixation Devices
§ Nails/Rods
§ Plates
§ Screws
§ Wires
o Hip External Fixation Devices
§ Frames
§ Pins
§ Knee
o Knee Joint Implants
§ Posterior stabilization design
§ Cruciate retaining design
§ Uni-compartmental knee implant
o Knee Internal Fixation Devices
§ Pins
§ Plates
§ Screws
§ Wires
o Knee External Fixation Devices
§ Frames
§ Clamps
§ Pins
§ Spine
o Spine Joint Implants
§ Cervical Implants
§ Thoracolumbar Implants
o Spine Internal Fixation Devices
§ Nails/Rods
§ Plates
§ Screws
§ Wires
§ Shoulder
o Shoulder Joint Implants
§ Total joint implant
§ Resurfacing
o Shoulder Internal Fixation Devices
§ Pins
§ Nails/Rods
§ Plates
§ Screws
§ Wires
o Shoulder External Fixation devices
§ Frames
§ Clamps
§ Pins
§ Elbow
o Elbow Joint Implants
o Elbow Internal Fixation Devices
§ Pins
§ Plates
§ Screws
§ Wires
o Elbow External Fixation Devices
§ Frames
§ Clamps
§ Pins
§ Foot and Ankle
o Foot and Ankle Joint Implants
o Foot and Ankle Internal Fixation Devices
§ Pins
§ Nail/Rods
§ Plates
§ Screws
§ Wires
o Foot and Ankle External Fixation Devices
§ Frames
§ Clamps
§ Pins
§ Cranio-Maxillofacial (CMF)
o CMF Internal Fixation Devices
§ Mesh
§ Plates
§ Screws
§ Wires
§ Other Extremities
o Joint Implants
o Internal Fixation Devices
§ Pins
§ Nails/Rods
§ Plates
§ Wires
§ Screws
o External Fixation
§ Frames
§ Pins
Orthopedic Devices
Market, by Consumables
§ Anchors
o Suture anchors
o Metallic anchors
§ Staples
Orthopedic Devices
Market, by Geography
§ North America
§ Europe
§ Asia-Pacific
§ Rest of the World (RoW)
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