The ortho-pediatric devices market share will post an incremental growth of USD 1.36 billion, progressing at a CAGR of 6.89% during the forecast period. The increasing incidence of pediatric orthopedic injuries will offer immense growth opportunities to market vendors. The ortho-pediatric devices market is fragmented, and the vendors are deploying growth strategies such as using low-pricing strategies and strengthening the local customer base to compete in the market.
Technavio’s report on “Ortho Pediatric Devices Market by Product and Geography - Forecast and Analysis 2022-2026" provides a detailed market analysis of the prevalent market forces, trends, and challenges that are likely to impact the market in focus.
The ortho-pediatric devices market is segmented by product (trauma and deformities, smart implants, spine, and sports medicine) and geography (North America, Europe, Asia, and the Rest of the World (ROW)).
The growth of the ortho-pediatric devices market in the trauma and deformity segment will be significant during the forecast period. Factors such as the increasing prevalence of bone deformities among the pediatric population, technological advances, and new product launches specific to the pediatric group will be instrumental in driving the ortho-pediatric devices market growth.
By geography, 52% of the market's growth will originate from North America during the forecast period. Owing to the factors such as the rising prevalence of injuries in children, product launches, and initiatives by government and non-profit organizations for creating awareness and providing effective treatment and insurance coverage to pediatric patients will drive the demand for ortho pediatric devices in North America.
The increasing incidence of pediatric orthopedic injuries will directly influence the sales of ortho-pediatric devices. In addition, the business strategy is one of the major ortho-pediatric devices market trends that will have a positive impact on market growth. However, factors such as the high costs associated with orthopedic devices and surgeries will hamper orthopedic devices and market growth.
Some of the major market participants in the ortho-pediatric devices market vendors are Arthrex Inc., Auxein Medical Pvt. Ltd., Consensus Orthopedics Inc., Implanet SA, Johnson and Johnson Inc., Merete GmbH, Mighty Oak Medical, Nuvasive Inc., Orthofix Medical Inc., OrthoPediatrics Corp., Pega Medical Inc., Smith and Nephew plc, Stryker Corp., Treace Medical Concepts Inc., Trendlines Group Ltd., TST Medical Tools San. and Tic. Ltd. Sti. Kurtkoy Sanayi Mah., WishBone Medical Inc., Zimmer Biomet Holdings Inc., and Medtronic Plc
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Precise market size estimation during the forecast period 2022-2026.
CAGR of the ortho-pediatric devices market forecast during 2022-2026.
Market-level data on units, average selling prices, and values of the ortho pediatric devices market share.
Prediction on the upcoming trends, drivers, and factors that challenge the growth of the ortho pediatric devices market.
Ortho pediatric devices industry growth across North America, Europe, Asia, and the Rest of the World (ROW).