Latest News- Ortho Pediatric Devices Market: Hospitals is expected to lead the Application segment during 2025-2029

The Ortho Pediatric Devices Market is being driven by Increasing incidence of pediatric orthopedic injuries

The Ortho Pediatric Devices Market is expected to grow at a CAGR of 8.2% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 2030.7 million. The orthopedic devices market is witnessing significant growth, particularly in the area of orthopedic pediatric devices. This trend is driven by the increasing adoption of advanced diagnostic tools, such as in-vitro diagnostics, for managing and testing conditions like cancer, cardiovascular diseases, and infectious kidney diseases. Immunoassay and molecular diagnostic devices are becoming increasingly popular due to their ability to provide accurate results. Siemens' Xprecia Stride Coagulation Analyzer, a handheld device for high-accuracy PT/INR tests, is a prime example. While routine diagnostic testing maintains a high volume, the market for specialty testing, including esoteric, pathology, and genetic testing, is projected to outpace growth. In response, laboratories are opting for bulk purchases from trusted partners to procure individual analyzers. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Hospitals
  • Clinics
  • Others
• Product
  • Trauma and deformities
  • Smart implants
  • Spine
  • Sports medicine
• Technology
  • 3D-printed orthopedic devices
  • Smart wearable orthopedic devices
  • Robot-assisted surgical devices
  • Biodegradable implants
• Geography
  • North America
    • Canada
    • Mexico
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • Asia
    • China
    • India
    • Japan
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing incidence of pediatric orthopedic injuries
• Favorable reimbursement scenario for spinal implants
• Growing use of orthopedic devices in emerging market

However, the market also witnesses some limitations, which are as follows:

• High costs associated with orthopedic devices and surgeries
• Product recalls
• Stringent regulations associated with ortho pediatric devices

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Market Scope in Ortho Pediatric Devices Market Research Report

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Research Analysis Overview

The Ortho Pediatric Devices Market encompasses a range of innovative technologies and treatments for various orthopedic conditions in children. Key areas include growth plate fixation, bone lengthening through distraction osteogenesis, and implants such as bioabsorbable, metal-on-metal, ceramic, and polyethylene. Conditions like rheumatoid arthritis, juvenile idiopathic arthritis, pediatric trauma, bone tumors, neuromuscular disorders including cerebral palsy, spinal muscular atrophy, and muscular dystrophy, are addressed with advanced solutions. Genetic testing and personalized medicine, precision orthopaedics, bone morphogenetic proteins, bioactive glass, bioceramic composites, drug delivery systems, and antibiotic-loaded implants are some of the emerging trends. Supportive care includes anti-inflammatory medications, pain relief medications, postoperative rehabilitation, functional exercises, occupational therapy, speech therapy, adaptive equipment, assistive technology, disability advocacy, and patient advocacy.

Market Research Overview

The Ortho Pediatric Devices Market is a significant segment of the global healthcare equipment market, encompassing orthopedic implants, pediatric orthotics, fracture management solutions, spinal deformity corrective devices, and joint reconstruction technology. According to Technavio, this market is characterized by continuous innovation, driven by the development of advanced, differentiated, and clinically tested devices. The global healthcare equipment market, which includes manufacturers of diagnostic equipment and devices used across various therapy areas, generates substantial revenue through the sales of these product categories. The Ortho Pediatric Devices Market contributes notably to this industry, addressing the unique needs of pediatric patients through the provision of specialized solutions for bone growth plate management, fracture healing, and spinal deformity correction.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/