Advanced Orthopedic Devices Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
MARKET OVERVIEW
Medical equipment used to treat musculoskeletal disorders, including injuries and conditions affecting bones, joints, muscles, ligaments, and tendons are known as orthopedic devices. The growing technological advancement is allowing players and researchers to incorporate new techniques to develop orthopedic devices that can treat orthopedic conditions. The market encompasses various orthopedic devices, including joint replacements devices, spinal devices, trauma devices, arthroscopy devices, and orthobiologics among others. The global advanced orthopedic devices market has been developing rapidly in recent years, driven by factors such as an increasingly aging population, rising incidence of orthopedic conditions, and technological advancements. The market is expected to continue growing in the coming years, driven by the increasing demand for joint replacements and the popularity of minimally invasive surgical procedures.
MARKET DYNAMICS
The advanced orthopedic devices market is anticipated to grow in the forecast, owing to the factors such as increasing awareness regarding the availability of advanced and innovative orthopedic products, rising incidence of musculoskeletal disorders, and rising geriatric population. In addition, several initiatives undertaken by various government and non-government organizations for research and investment into advanced orthopedic device therapeutics are expected to offer significant growth opportunities in the market during the forecast period.
MARKET SCOPE
The "Global Advanced Orthopedic Devices Market Analysis to 2028" is a specialized and in-depth study of the medical devices industry with a special focus on global market trend analysis. The report aims to provide an overview of the advanced orthopedic devices market with detailed market segmentation by device type, end user, and geography. The global advanced orthopedic devices market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading advanced orthopedic devices market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global advanced orthopedic devices market is segmented on the basis of device type, end user, and geography. Based on device type, the market is segmented into implants, regenerative products, and consumables. On the basis of end user, the global advanced orthopedic devices market is segmented into hospitals, ambulatory surgical centers, specialty clinics, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global advanced orthopedic devices market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America. The advanced orthopedic devices market by each region is later sub-segmented by respective countries and segments. The report covers an analysis and forecast of 18 countries globally, along with current trends and opportunities prevailing in the region.
The report analyzes factors affecting the advanced orthopedic devices market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA and South & Central America, after evaluating political, economic, social and technological factors affecting the advanced orthopedic devices market in these regions.
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MARKET PLAYERS
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The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global advanced orthopedic devices market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America. The advanced orthopedic devices market by each region is later sub-segmented by respective countries and segments. The report covers an analysis and forecast of 18 countries globally, along with current trends and opportunities prevailing in the region.
The report analyzes factors affecting the advanced orthopedic devices market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA and South & Central America, after evaluating political, economic, social and technological factors affecting the advanced orthopedic devices market in these regions.
MARKET PLAYERS
The reports cover key developments in the advanced orthopedic devices market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and, partnerships & collaborations. These activities have paved the way for the expansion of business and the customer base of market players. The market payers from the advanced orthopedic devices market are anticipated to have lucrative growth opportunities in the future with the rising demand for advanced orthopedic devices market in the global market. Below mentioned is the list of a few companies engaged in the advanced orthopedic devices market.
The report also includes the profiles of key advanced orthopedic devices market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information for the last three years, and key development in the past five years.
- Smith and Nephew
- Medtronic
- B.Braun Melsungen AG
- Zimmer Biomet
- Stryker
- Exactech Inc.
- Integra LifeSciences
- VILEX IN TENNESSEE, INC.
- Wright Medical Group N.V. (Solana Surgical, LLC)
- Globus Medical, Inc.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Advanced Orthopedic Devices Market - By Device Type
1.3.2 Advanced Orthopedic Devices Market - By End User
1.3.3 Advanced Orthopedic Devices Market - By Region
1.3.3.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. ADVANCED ORTHOPEDIC DEVICES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. ADVANCED ORTHOPEDIC DEVICES MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. ADVANCED ORTHOPEDIC DEVICES MARKET - GLOBAL MARKET ANALYSIS
6.1. ADVANCED ORTHOPEDIC DEVICES - GLOBAL MARKET OVERVIEW
6.2. ADVANCED ORTHOPEDIC DEVICES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ADVANCED ORTHOPEDIC DEVICES MARKET - REVENUE AND FORECASTS TO 2028 - DEVICE TYPE
7.1. OVERVIEW
7.2. DEVICE TYPE MARKET FORECASTS AND ANALYSIS
7.3. IMPLANTS
7.3.1. Overview
7.3.2. Implants Market Forecast and Analysis
7.4. REGENERATIVE PRODUCTS
7.4.1. Overview
7.4.2. Regenerative Products Market Forecast and Analysis
7.5. CONSUMABLES
7.5.1. Overview
7.5.2. Consumables Market Forecast and Analysis
8. ADVANCED ORTHOPEDIC DEVICES MARKET - REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. HOSPITALS
8.3.1. Overview
8.3.2. Hospitals Market Forecast and Analysis
8.4. AMBULATORY SURGICAL CENTERS
8.4.1. Overview
8.4.2. Ambulatory Surgical Centers Market Forecast and Analysis
8.5. SPECIALTY CLINICS
8.5.1. Overview
8.5.2. Specialty Clinics Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. ADVANCED ORTHOPEDIC DEVICES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Advanced Orthopedic Devices Market Overview
9.1.2 North America Advanced Orthopedic Devices Market Forecasts and Analysis
9.1.3 North America Advanced Orthopedic Devices Market Forecasts and Analysis - By Device Type
9.1.4 North America Advanced Orthopedic Devices Market Forecasts and Analysis - By End User
9.1.5 North America Advanced Orthopedic Devices Market Forecasts and Analysis - By Countries
9.1.5.1 United States Advanced Orthopedic Devices Market
9.1.5.1.1 United States Advanced Orthopedic Devices Market by Device Type
9.1.5.1.2 United States Advanced Orthopedic Devices Market by End User
9.1.5.2 Canada Advanced Orthopedic Devices Market
9.1.5.2.1 Canada Advanced Orthopedic Devices Market by Device Type
9.1.5.2.2 Canada Advanced Orthopedic Devices Market by End User
9.1.5.3 Mexico Advanced Orthopedic Devices Market
9.1.5.3.1 Mexico Advanced Orthopedic Devices Market by Device Type
9.1.5.3.2 Mexico Advanced Orthopedic Devices Market by End User
9.2. EUROPE
9.2.1 Europe Advanced Orthopedic Devices Market Overview
9.2.2 Europe Advanced Orthopedic Devices Market Forecasts and Analysis
9.2.3 Europe Advanced Orthopedic Devices Market Forecasts and Analysis - By Device Type
9.2.4 Europe Advanced Orthopedic Devices Market Forecasts and Analysis - By End User
9.2.5 Europe Advanced Orthopedic Devices Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Advanced Orthopedic Devices Market
9.2.5.1.1 Germany Advanced Orthopedic Devices Market by Device Type
9.2.5.1.2 Germany Advanced Orthopedic Devices Market by End User
9.2.5.2 France Advanced Orthopedic Devices Market
9.2.5.2.1 France Advanced Orthopedic Devices Market by Device Type
9.2.5.2.2 France Advanced Orthopedic Devices Market by End User
9.2.5.3 Italy Advanced Orthopedic Devices Market
9.2.5.3.1 Italy Advanced Orthopedic Devices Market by Device Type
9.2.5.3.2 Italy Advanced Orthopedic Devices Market by End User
9.2.5.4 Spain Advanced Orthopedic Devices Market
9.2.5.4.1 Spain Advanced Orthopedic Devices Market by Device Type
9.2.5.4.2 Spain Advanced Orthopedic Devices Market by End User
9.2.5.5 United Kingdom Advanced Orthopedic Devices Market
9.2.5.5.1 United Kingdom Advanced Orthopedic Devices Market by Device Type
9.2.5.5.2 United Kingdom Advanced Orthopedic Devices Market by End User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Advanced Orthopedic Devices Market Overview
9.3.2 Asia-Pacific Advanced Orthopedic Devices Market Forecasts and Analysis
9.3.3 Asia-Pacific Advanced Orthopedic Devices Market Forecasts and Analysis - By Device Type
9.3.4 Asia-Pacific Advanced Orthopedic Devices Market Forecasts and Analysis - By End User
9.3.5 Asia-Pacific Advanced Orthopedic Devices Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Advanced Orthopedic Devices Market
9.3.5.1.1 Australia Advanced Orthopedic Devices Market by Device Type
9.3.5.1.2 Australia Advanced Orthopedic Devices Market by End User
9.3.5.2 China Advanced Orthopedic Devices Market
9.3.5.2.1 China Advanced Orthopedic Devices Market by Device Type
9.3.5.2.2 China Advanced Orthopedic Devices Market by End User
9.3.5.3 India Advanced Orthopedic Devices Market
9.3.5.3.1 India Advanced Orthopedic Devices Market by Device Type
9.3.5.3.2 India Advanced Orthopedic Devices Market by End User
9.3.5.4 Japan Advanced Orthopedic Devices Market
9.3.5.4.1 Japan Advanced Orthopedic Devices Market by Device Type
9.3.5.4.2 Japan Advanced Orthopedic Devices Market by End User
9.3.5.5 South Korea Advanced Orthopedic Devices Market
9.3.5.5.1 South Korea Advanced Orthopedic Devices Market by Device Type
9.3.5.5.2 South Korea Advanced Orthopedic Devices Market by End User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Advanced Orthopedic Devices Market Overview
9.4.2 Middle East and Africa Advanced Orthopedic Devices Market Forecasts and Analysis
9.4.3 Middle East and Africa Advanced Orthopedic Devices Market Forecasts and Analysis - By Device Type
9.4.4 Middle East and Africa Advanced Orthopedic Devices Market Forecasts and Analysis - By End User
9.4.5 Middle East and Africa Advanced Orthopedic Devices Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Advanced Orthopedic Devices Market
9.4.5.1.1 South Africa Advanced Orthopedic Devices Market by Device Type
9.4.5.1.2 South Africa Advanced Orthopedic Devices Market by End User
9.4.5.2 Saudi Arabia Advanced Orthopedic Devices Market
9.4.5.2.1 Saudi Arabia Advanced Orthopedic Devices Market by Device Type
9.4.5.2.2 Saudi Arabia Advanced Orthopedic Devices Market by End User
9.4.5.3 U.A.E Advanced Orthopedic Devices Market
9.4.5.3.1 U.A.E Advanced Orthopedic Devices Market by Device Type
9.4.5.3.2 U.A.E Advanced Orthopedic Devices Market by End User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Advanced Orthopedic Devices Market Overview
9.5.2 South and Central America Advanced Orthopedic Devices Market Forecasts and Analysis
9.5.3 South and Central America Advanced Orthopedic Devices Market Forecasts and Analysis - By Device Type
9.5.4 South and Central America Advanced Orthopedic Devices Market Forecasts and Analysis - By End User
9.5.5 South and Central America Advanced Orthopedic Devices Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Advanced Orthopedic Devices Market
9.5.5.1.1 Brazil Advanced Orthopedic Devices Market by Device Type
9.5.5.1.2 Brazil Advanced Orthopedic Devices Market by End User
9.5.5.2 Argentina Advanced Orthopedic Devices Market
9.5.5.2.1 Argentina Advanced Orthopedic Devices Market by Device Type
9.5.5.2.2 Argentina Advanced Orthopedic Devices Market by End User
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. ADVANCED ORTHOPEDIC DEVICES MARKET, KEY COMPANY PROFILES
11.1. SMITH AND NEPHEW
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. MEDTRONIC
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. B.BRAUN MELSUNGEN AG
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. ZIMMER BIOMET
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. STRYKER
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. EXACTECH
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. INTEGRA LIFESCIENCES
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. VILEX IN TENNESSEE, INC.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. WRIGHT MEDICAL GROUP N.V. (SOLANA SURGICAL, LLC)
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. GLOBUS MEDICAL, INC.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
1. Smith and Nephew
2. Medtronic
3. B.Braun Melsungen AG
4. Zimmer Biomet
5. Stryker
6. Exactech
7. Integra LifeSciences
8. VILEX IN TENNESSEE, INC.
9. Wright Medical Group N.V. (Solana Surgical, LLC)
10. Globus Medical, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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