Orthopedic Devices are used for restoring skeletal structure and joint movements in various fractures, abnormal growth of bones, soft tissue damage, trauma or other deformities. These devices are implanted by surgical procedures or can be externally attached through minimally invasive procedures. Orthopedic devices can be classified as joint implants, internal and external fixation devices.
The top five companies covered are Johnson & Johnson, Zimmer Biomet Holdings, Stryker Corporation, Smith & Nephew PLC, and B. Braun Melsungen. Johnson & Johnson was the largest company in the orthopedic devices market.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Orthopedic Devices Global Market Size
The global orthopedic devices market was valued around $39 billion in 2017. Asia Pacific was the largest region in the orthopedic devices market in 2017, accounting for around 33% of the total market. The USA was the largest country in the market accounting for around 23% of the total market.
Orthopedic Devices Global Market Trend
Biodegradable implants are increasingly being used in trauma orthopedic surgeries. Biodegradable implants are used to replace a missing biological structure, support a damaged biological structure, and enhance the existing bone structure.
Orthopedic Devices Global Market Segmentation
The orthopedic devices market was segmented into joint reconstruction, spinal surgery, trauma fixation, orthro biologics, arthroscopy, orthopedic braces and support, orthopedic accessories, orthopedic prosthetics, and craniomaxillofacial (CMF) devices.
Joint reconstruction comprises of organizations that engage in the manufacturing and marketing of a wide range of joint reconstruction devices and accessories.
Spinal surgery market includes the companies mainly engaged in the manufacturing and marketing of spinal implants and spinal surgical devices such as thoracic fusion and lumbar fusion devices, spine biologics, cervical fusion devices, vertebral compression fracture treatment devices, spine bone stimulators, non-fusion devices and spinal decompression devices.
Trauma fixation market engage in the manufacturing and marketing of trauma fixation devices such as internal fixation devices (plates and screws, intramedullary nails, compression hip screws, and cannulated screws) and external fixation devices (unilateral fixation, circular fixation, and hybrid fixation devices).
Orthrobiologics market produce orthrobiologics implants that are composed of cells and proteins naturally found in human body that provide accelerated healing by stimulating efficient regrowth of musculoskeletal tissues including bones, cartilage, tendons and ligaments.
Arthroscopic devices are used in arthroscopy procedures (a minimally invasive procedure) for the diagnosis and treatment of joint problems such as torn cartilage, ACL, and sports related injuries conducted on hip, knee, shoulder, spine, ankle, wrist, and elbow.
Orthopedic Braces and Support segment manufacture and market orthopedic braces and support systems that are used to protect, support and strengthen the joints and muscles.
CMF devices are classified into – plate and screw fixation, flap fixation devices, distraction systems and temporomandibular joint (TMI) replacement devices.
Orthopedic prosthetics are classified into Upper extremity prosthetics (hand, elbow, shoulder) and Lower extremity prosthetics (foot and ankle, knee, and hip).
Orthopedic accessories (includes Orthopedic Reamers) segment manufacture and market orthopedic accessories that are used to fix or remove the implants from the body.