Ortho Pediatric Devices Market Size, Share, Growth, And Industry Analysis By Type (Oral Device, Extra-oral Device, Oral Repair Device) By Application (Hospital, Clinic, Other), Regional Insights, and Forecast To 2031

Ortho Pediatric Devices Market Report Overview

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global ortho pediatric devices market size was USD 4404.9 million in 2021 and market is projected to touch 8037.52 Million by 2031, exhibiting a CAGR of 6.1% during the forecast period.

Devices designed expressly for use in treating child orthopedic issues are known as ortho pediatric devices. They include braces, splints, and casts to support and stabilise bones and joints. Ortho pediatric devices allow children with orthopedic problems to move more freely and with less discomfort. Pediatric orthopedic implants are used to replace missing bones or cartilage in children. They are also used to treat fractures, spinal conditions including sclerosis, and abnormalities. Implants can also be used to fuse joints and mend shattered bones. Due to children's developing anatomy and lower skeleton strength, pediatric orthopedic implants are surgical implants created specifically for pediatric patients. These conditions in orthopedics require specialised equipment to correct bone deformation and bone dislocation. This market is expanding as a result of rising bone abnormalities in youngsters brought on by growing malnutrition.

The rise in congenital abnormalities, increased knowledge of early detection and treatment, and technical developments in orthopedic equipment are all factors contributing to the market's expansion.

COVID-19 Impact: Covid-19 Pandemic Leading Disruptions In Suppy Chain And Production Hence Impedes Market Growth

Due to worldwide lockdowns in 2020, private and public transit was halted, which reduced road accidents and the injuries they cause. As a result, the emphasis of care in healthcare facilities switched from treating orthopedic conditions to COVID-19 patients, which had an immediate effect on the market, particularly in specialist institutions. Other hospitals were being converted into COVID-19 containment facilities and treatment wards, while minor and orthopedic hospitals were being closed down or having their operations restricted in a few places. According to reports, the orthopedic residency programme has been negatively impacted by the Covid-19 pandemic. The market as a whole has been hit by COVID-19, and the growth rate for 2019–2020 has also been impacted as the influence of COVID-19 spreads. The COVID-19 problem is forcing businesses and organisations to manage risk and digitise operations in order to provide reliable information and experiences to the decision-makers. This is according to our most recent research, perspectives, and insights on the management challenges that matter most to businesses and organisations regarding the market.

Latest Trends

"Growing Prevalence of Pediatric Orthopedic Diseases Fuel Market Expansion"

Due to the rise in pediatric orthopedic diseases, the worldwide market for ortho pediatric devices is anticipated to expand at a CAGR of 5.5% during the forecast period. The Centres for Disease Control and Prevention (CDC) estimate that 1 in 5 U.S. children between the ages of 0 and 19 are impacted by a developmental impairment each year. These disabilities frequently result in orthopedic disorders including cerebral palsy, Down syndrome, and autism spectrum disorder (ASD), among others. Over the following several years, this is anticipated to fuel demand for Ortho Pediatric Devices' goods.

Ortho Pediatric Devices Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into Oral Device, Extra-oral Device, and Oral Repair Device. Oral Device is anticipated to be the leading segment.

• By Application Analysis

Based on application, the market can be divided into Hospital, Clinic, Other. Hospital will be the leading segment.

Driving Factors

"Technological Developments Fuel Market Expansion"

To develop their companies and diversify their product offerings, vendors in the ortho pediatric devices market are gradually embracing inorganic business strategies including M&A. Several well-known suppliers are acquiring smaller companies in order to broaden their markets in new regions. These acquisitions have enabled a lot of technological developments in ortho pediatric equipment. As a result, it is predicted that increasing M&A activity would support the growth of the ortho pediatric devices market throughout the course of the projected period. With the development of technology in the healthcare industry, orthopedic problem treatments are always changing, and patients are occasionally taught about these changes. Orthopedic treatments can be made easier by a variety of items, including braces, supports, and implants, which are readily accessible on the market. These items support comfort when walking and enable patients to move and walk freely by assisting with limb motions, reducing swelling, and inflammation.

"Increasing Number Of Pediatric Orthopedic Conditions M&A Activity Fuel Market Expansion"

Additionally, it is anticipated that increased funding for ortho pediatric devices from the public and private sectors would speed market progress. Growing M&A activity is propelling the industry. The worldwide market for orthopedic pediatric devices is anticipated to grow at a CAGR of 5.5 percent during the forecast period due to the rising frequency of pediatric orthopedic illnesses. A developmental impairment, which frequently leads to an orthopedic disorder like cerebral palsy, Down syndrome, or autism spectrum disorder, affects roughly 1 in 5 U.S. children between the ages of 0 and 19 every year, according to the Centres for Disease Control and Prevention (CDC) (ASD). This is expected to increase demand for ortho pediatric devices during the coming years. The demand for Ortho Pediatric Devices products globally is being driven by parents' increasing knowledge of the need of early diagnosis and treatment of orthopedic problems in their children. Additionally, pediatricians are increasingly advising early intervention therapies like physical therapy and braces/orthotics devices to help children with various orthopedic disorders improve their mobility and quality of life. Over the following several years, this is anticipated to produce profitable growth prospects for market participants.

Restraining Factors

"Orthopedic And Surgical Procedures Come With Risks And Side Effects Hamper The Market Growth"

The two most popular orthopedic procedures are complete arthroplasty for the hip and knee. Even though hip arthroplasty produces positive results, the treatment carries some risks and potential problems, including deep vein thrombosis, surgical site infections, and implant failures caused by the cement failing to keep the hip implants in place. Other issues with hip and knee replacement surgery include periprosthetic fractures. All of these risks are likely to impede market expansion.

Ortho Pediatric Devices Market Regional Insights

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"North America Is Anticipated To Be The Leading Region During Forecast Period"

In terms of revenue share, North America led the world market in 2019. Due to factors including favourable reimbursement situations, an increase in the frequency of orthopedic diseases in youngsters, and the accessibility of cutting-edge goods for treatment, the area is predicted to continue its leadership during the projected period. Additionally, the rapid adoption of cutting-edge technology is fostering regional growth. Over the course of the projected period, Asia Pacific is expected to see profitable development due to increased healthcare spending by the public and private sectors as well as growing awareness of the need for pediatric orthopedics treatment in developing nations like India and China. Furthering regional expansion will be the fast evolving healthcare infrastructure as well as key businesses' rising investments in the marketing of their goods. As an example, Stryker OrthoPeds System debuted its enlarged range in May 2018 throughout all Asia Pacific regions, including Australia and New Zealand, under the name Stryker EVO (Ortho Paediatric).

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

LIST OF TOP ORTHO PEDIATRIC DEVICES COMPANIES

• Arthrex (U.S.)
• Johnson & Johnson (U.S.)
• NuVasive (U.S.)
• Orthofix Holdings (U.S.)
• OrthoPediatrics (U.S.)
• Pega Medical (Canada)
• Smith & Nephew Plc (U.K.)
• Stryker (U.S.)
• WishBone Medical (Poland)
• Zimmer Biomet Holdings (U.S.)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.