The Pediatric Orthopedic Implants market size is projected to reach US$ 8,502.17 million by 2030 from US$ 3,812.77 million in 2022. The market is expected to register a CAGR of 10.50% during 2022–2030. The technological advancements in orthopedic implants are likely to remain key trend in the market.
An orthopedic implant is a medical device designed to replace a damaged or deformed joint, bone, or cartilage, such as from a broken leg, amputation, or congenital defect. These devices are implanted inside the body, so they are constructed using biocompatible non-metals and metal alloys. Orthopedic implants can be permanent or temporary for bone fractures. Permanent implants such as those used in the hip, knee, ankle, shoulder, elbow, wrist, and finger joints are designed to remain in the body for the patient's lifetime, whereas temporary implants like plates, screws, pins, wires, and intramedullary nails are used to stabilize broken or fractured bones for a limited period, allowing the bones to heal. Use of resorbable implants and increasing access to pediatric orthopedic treatment enhance the pediatric orthopedic implants market growth.
As per an article published by the BMC Pediatrics in 2022, a study estimating prevalence and the treatment need for musculoskeletal impairments (MSIs) in children aged 16 years or less in Malawi. The study showed that there were 112,000 children in need of Prostheses and Orthoses (P&O), 42,000 in need of mobility aids, including 37,000 wheelchairs, 73,000 in need of medication, 59,000 in need of physical therapy, and 20,000 children in need of orthopedic surgery.
With the growing burden of musculoskeletal diseases among pediatric population, Indian government has been implementing various rules and regulations for regulating the manufacturing and import of medical devices. For instance, in 2022, the Quality Council of India (QCI) in collaboration with the Association of Indian Medical Device Industry (AIMED) and the National Accreditation Board for Certification Bodies (NABCB) initiated Indian Certification of Medical Devices (ICMED) scheme, a new quality assurance certification scheme for Indian products. This scheme reduces the time and cost involved in quality certifications, further enhancing patient safety, and improving the credibility and competitiveness of manufacturers. Such government initiatives favors the pediatric orthopedic implants market growth in India.
According to the Centers for Disease Control and Prevalence (CDC), clubfoot is one of the most common birth defects in the US, and it affected ~6,643 babies in the country in 2022. Orthopedic defects are congenital abnormalities that affect the muscles, skeleton, and related tissues. Developmental dysplasia causing hip dislocation and metatarsus adducts causing curved foot or in-toeing are also categorized as congenital orthopedic disabilities. These abnormalities predominantly result in muscle imbalance, paralysis, and decreased sensation in the lower extremity. Thus, increasing prevalence of orthopedic birth defects drives the growth of the pediatric orthopedic implants market.
Additionally, according to an article published in Cureus in May 2023, childhood orthopedic injuries in Abha, Saudi Arabia are common, especially among young boys. The most common causes of injuries were falls from height and play-associated injuries. The injuries were typically blunt, including closed fractures. The most common trauma sites were the upper extremities, head, and lower extremities. While the hospitalization rate after injury was high, non-surgical intervention was usually sufficient for most cases. Thus, increasing number of pediatric surgeries would continue to benefit the pediatric orthopedic implants market in during the forecast period.
As highlighted by article published in the IEEE Pulse in February 2021, in the past few years, only 24% of FDA-approved life-saving devices were for pediatric use, most for children over 12. Less than 4% were for children ages 0–2, and even fewer for neonatal patients. Children's National Hospital partners with NCC-PDI are developing pediatric medical devices and improve these statistics.
Additionally, key players operating in the market are engaged in developing and commercializing innovative products and technologies specifically designed to address the unmet clinical needs of pediatric orthopedic patients and satisfy the demands of orthopedic surgeons. These factors are likely to create significant opportunities for major players in the pediatric orthopedic implants market.
Key segments that contributed to the derivation of the Pediatric Orthopedic Implants market analysis are type, application, and end user.
The geographic scope of the Pediatric Orthopedic Implants market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America. Asia Pacific is projected to register the highest CAGR in the coming years.
The Pediatric Orthopedic Implants market in North America is analyzed based on the three major countries: the US, Canada, and Mexico. The US is projected to have the largest share of the North America Pediatric Orthopedic Implants market in 2022. The growth of the market in the country is primarily driven by increasing number of orthopedic surgeries and rising number of clinics providing advanced surgical services. According to the Centers for Disease Control and Prevention (CDC), in the US, ~9.2 million children are admitted to the emergency department to treat accidental injuries such as falls and road traffic. Additionally, growing product launches and approvals favor the market in the US.
The regional trends and factors influencing the Pediatric Orthopedic Implants Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Pediatric Orthopedic Implants Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 3,812.77 Million |
| Market Size by 2030 | US$ 8,502.17 Million |
| Global CAGR (2022 - 2030) | 10.50% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2030 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Pediatric Orthopedic Implants Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Pediatric Orthopedic Implants Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The Pediatric Orthopedic Implants market is evaluated by gathering qualitative and quantitative data from primary and secondary research, which includes essential corporate publications, association data, and databases. A few of the developments in the Pediatric Orthopedic Implants market are listed below:
The “Pediatric Orthopedic Implants Market Size and Forecast (2020–2030)” report provides a detailed analysis of the market covering below areas:
The List of Companies - Pediatric Orthopedic Implants Market
North America dominated the pediatric orthopedic implants market in 2022.
Factors including rising number of pediatric surgeries to treat orthopedic birth defects, and use of resorbable implants and increasing access to pediatric orthopedic treatment are the driving factors the pediatric orthopedic implants market growth.
The pediatric orthopedic implants market is anticipated to grow at a CAGR of 10.50% during 2022-2030.
The pediatric orthopedic implants market is estimated to reach US$ 8,502.17 million by 2030.
Technological advancements in orthopedic implants are future trends in the market.
Johnson & Johnson; Arthrex Inc; Stryker Corp; OrthoPediatrics Corp; WishBone Medical Inc; Samay Surgical Pvt Ltd; Vast Ortho Pvt Ltd; Merete GmbH; and Suhradam Ortho are some leading players operating in the pediatric orthopedic implants market.