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Global Pediatric Orthopedic Implants Market 2024 Production Analysis, Latest Trends, Industry Share And Forecast To 2033
Pediatric Orthopedic Implants Market
The Business Research Company offers in-depth market insights through Pediatric Orthopedic Implants Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The pediatric orthopedic implants market size has grown rapidly in recent years. It will grow from $1.71 billion in 2023 to $1.89 billion in 2024 at a compound annual growth rate (CAGR) of 10.6%. The growth in the historic period can be attributed to advancements in pediatric orthopedic surgery techniques, increasing incidence of pediatric orthopedic conditions, rise in pediatric sports injuries, growing awareness and education, pediatric subspecialization in orthopedics.
The pediatric orthopedic implants market size is expected to see strong growth in the next few years. It will grow to $2.71 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to personalized and customized implants, increased focus on minimally invasive techniques, growing prevalence of pediatric musculoskeletal disorders, expansion of pediatric trauma cases. Major trends in the forecast period include collaborations for research and development, technological innovations in implant design, advances in imaging technologies, technological innovations in implant materials, telehealth in pediatric orthopedic care.
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Market Segmentation:
The pediatric orthopedic implants market covered in this report is segmented -
1) By Type: Hip Implants, Spine Implants, Knee Implants, Dental Implants, Craniomaxillofacial Implants, Other Types
2) By Application: Birth Deformities, Limping, Broken Bones, Bone And Joint Infection, Spinal Deformities, Other Applications
3) By End User: Hospitals, Pediatric Clinics, Other End Users
Major Driver - Rising Child Population Fuels Expansion Of The Pediatric Orthopedic Implants Market
The growth in the number of children population is expected to propel the growth of the pediatric orthopedic implants market going forward. Children refer to young people who have not yet achieved maturity and are still in the early phases of their development. Pediatric orthopedic implants provide various advantages to the patients, such as reducing pain, swelling, and inflammation and assisting in moving their limbs. For instance, in August 2022, according to a report published by the Office for National Statistics, a UK-based government department, England and Wales had 624,828 live births in 2021, up 1.8% from 613,936 in 2020. Therefore, the growth in the number of children drives the pediatric orthopedic implants market.
Competitive Landscape:
Major companies operating in the pediatric orthopedic implants market report are Medtronic Plc., Stryker Corporation, B. Braun SE, DePuy Synthes, Zimmer Biomet, Smithy & Nephew Plc., Arthrex Inc., NuVasive Inc., DJO Global, CONMED Corporation, Globus Medical, Orthofix Medical Inc., Wittenstein intens GmbH, Corin Group, OrthoPediatrics Corporation, SI-BONE Inc., FH Orthopedics, Baumer S.A., Acumed, Merete Medical GmbH, JRI Orthopaedics Limited, GPC Medical Ltd., Samay Surgical, Auxein Inc., Wishbone Medical Inc., Waldemar Link GmbH & Co. KG, Implantcast GmbH, Bioretec Ltd., Suhradam Ortho, Vast Ortho.
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Top Trend - Innovative Pediatric Orthopedic Implants Market Revolutionizes Treatment With Enhanced Compatibility
Product innovations are a key trend gaining popularity in the pediatric orthopedic implants market. Major pediatric orthopedic implants market companies are developing new products to sustain their position in the market. For instance, in September 2021, Orthofix Medical, a US-based medical company, launched a pediatric implant of the fit bone limb-lengthening system. The fit bone system comes in diameters 9mm, 11mm, and 13mm, meets the demands of patients, and is the only intramedullary limb lengthening treatment approved by the U.S. Food and Drug Administration (FDA) for use in children and adults. Further, this system is now compatible with the software tool OrthoNext digital platform, which features a reverse planning method module enabling a more accurate preoperative assessment.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Pediatric Orthopedic Implants Market Characteristics
3. Pediatric Orthopedic Implants Market Trends And Strategies
4. Pediatric Orthopedic Implants Market - Macro Economic Scenario
5. Pediatric Orthopedic Implants Market Size And Growth
…..
27. Pediatric Orthopedic Implants Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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