Small Bone and Joint Orthopedic Devices Market

Transparency Market Research
Small Bone and Joint Orthopedic Devices Market to Reach US$8.2 bn by 2023
Published Date
86 Page Report
19-Nov-2015
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Press Release
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REPORT DESCRIPTION
Innovative Product Launches will Enable Global Small Bone and Joint Orthopedic
Devices Market to Reach US$8.2 bn by 2023
Transparency Market Research has published a new market report titled, “Small Bone and Joint Orthopedic Devices
Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2023.” According to the report, the
global small bone and joint orthopedic devices market was valued at US$4.1 bn in 2014 and is anticipated to expand at a
CAGR of 8.1% from 2015 to 2023 to reach US$8.2 bn in 2023.
Technological advances, in addition to offering innovative medical devices, have made the treatment process easier for
surgeons. Implant materials have played a crucial role in the successful functioning of the medical device in the human
body. Tissue formation initiates after implantation of the device, further assisting in the healing process. Tissue formation
is, however, restricted due to biofilm formation and other infections. If not treated, the infection can spread to other parts
of the body. Coating on the implants such as osteoconductive coating and hydroxyapatite (HA) coating guides the bone
growth and reduces the risk of implant failure, respectively. Surgical procedures on small bone and joints could be
difficult due to anatomical complexity and disposition. Hence, various devices, such as Re-motion Total Wrist System by
Small Bone Innovations (SBi), have been designed to assist in these intricate procedures. Several key players are working
toward providing solutions to eradicate impairments of small bone and joint.
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Companies including Stryker, Zimmer Biomet Holdings, DePuy Synthes, and Arthrex offer a range of resorbable
orthopedic implants such as pins, screws, and plates. Silicon nitride implants are next generation implants that have
several beneficial properties. Silicon nitride is hydrophilic in nature and promotes bone growth and reduces bacterial
growth, avoiding biofilm formation. The material is also partially radiolucent and is magnetic resonance imaging (MRI)
safe. Carbon fiber implants are innovative implants that provide better strength and fracture imaging, wherein fracture line
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is clearly visible behind the implant in the X-ray. Carbon fiber screws and plates can also be loaded with radiopaque
markers for visibility. CarboFix and Tornier are the key players offering carbon fiber orthopedic implants.
The global market for small bone and joint orthopedic devices has been studied from the perspective of widely used
orthopedic devices and number of procedures particularly for upper and lower extremities. The report provides a detailed
analysis of small bone and joint orthopedic devices for applications comprising feet, ankle, toe, hand, wrist, elbow, and
shoulders. The device type segment includes fracture fixation and replacement systems, plates and screws, external
fixation devices, and joint prosthesis. Fracture fixation and replacement systems was the largest segment of the market in
2014. The segment was valued at US$ 1,596.3 Mn in 2014 and is projected to reach US$ 3,235.4 Mn by 2023, expanding
at a CAGR of 8.0% from 2015 to 2023. External fixation devices was the fastest growing segment of the market in 2014,
expanding at a CAGR of 8.2% from 2015 to 2023.
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TABLE OF CONTENT
1. Preface
1.1. Report Description
1.2. Market Segmentation
1.3. Research Methodology
2. Executive Summary
2.1. Small Bone and Joint Orthopedic Devices: Market Snapshot
2.2. Global Small Bone and Joint Orthopedic Devices Market Share, by Geography, 2014 & 2023 (Value %)
2.3. Global Small Bone and Joint Orthopedic Devices Market, by Device Type, 2014 (US$ Mn)
3. Global Small Bone and Joint Orthopedic Devices Market – Industry Analysis
3.1. Introduction
3.2. Market Dynamics
3.2.1. Drivers
3.2.1.1. Rise in disabling diseases such as osteoporosis and osteoarthritis
3.2.2. Restraints
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3.2.2.1. High cost of rate of complications and failure
3.2.2.2. Pharma Drugs, tissue engineering and bone substitutes to hamper the market growth
3.2.3. Opportunities
3.2.3.1. Focus on technological innovations
3.2.3.2. Unmet needs in emerging countries of Asia Pacific and Rest of the World
3.3. Porter’s Five Forces Analysis
3.4. Market Attractiveness Analysis– Small Bone and Joint Orthopedic Devices Market, by Geography, 2014 (%)
3.5. Competitive Landscape
3.5.1. Market Share Analysis, by Key Players, 2014 (Value %)
4. Market Segmentation – By Device Type
4.1. Introduction
4.1.1. Global Small Bone and Joint Orthopedic Devices Market Revenue, by Type, 2013–2023, (US$ Mn)
4.2. Fracture Fixation and Replacement Systems
4.2.1. Global Fracture Fixation and Replacement Systems Market Revenue, 2013–2023, (US$ Mn)
4.3. Plates and Screws
4.3.1. Global Plates and Screws Market Revenue, 2013–2023 (US$ Mn) and Analysis
4.4. External Fixation Devices
4.4.1. Global External Fixation Devices Market Revenue, 213-2023 (US$ Mn)
4.5. Joint Prosthetics
4.5.1. Global Joint Prosthetics Market Revenue, 2013-2023 (US$ Mn)
5. Market Segmentation – By Application
5.1. Introduction
5.1.1. Global Small Bone and Joint Orthopedic Devices Market Revenue, by Application, 2013–2023, (US$
Mn)
5.2. Foot and Ankle Orthopedic Devices
5.2.1. Global Foot and Ankle Orthopedic Devices Market Revenue, 2013-2023 (US$ Mn) and Analysis
5.3. Hand Orthopedic Devices Market
5.3.1. Global Hand Orthopedic Devices Market Revenue, 2013–2023 (US$ Mn) and Analysis
5.4. Shoulder Orthopedic Devices
5.4.1. Global Shoulder Orthopedic Devices Market Revenue, 2013–2023 (US$ Mn) and Analysis
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6. Market Segmentation – By Geography
6.1. Introduction
6.1.1. Global Small Bone and Joint Orthopedic Devices Market Revenue, by Geography, 2013–2023, (US$
Mn)
6.2. North America Small Bone and Joint Orthopedic Devices Market
6.2.1. North America Small Bone and Joint Orthopedic Devices Market Revenue, by Country, 2013–2023,
(US$ Mn)
6.3. Europe Small Bone and Joint Orthopedic Devices Market
6.3.1. Europe Small Bone and Joint Orthopedic Devices Market Revenue, by Country, 2013–2023, (US$
Mn)
6.4. Asia Pacific Small Bone and Joint Orthopedic Devices Market
6.4.1. Asia Pacific Small Bone and Joint Orthopedic Devices Market Revenue, by Country, 2013–2023, (US$
Mn)
6.5. Rest of the World Small Bone and Joint Orthopedic Devices Market
6.5.1. Rest of the World Small Bone and Joint Orthopedic Devices Market Revenue, 2013–2023, (US$ Mn)
6.5.2. Rest of the World Small Bone and Joint Orthopedic Devices Market Revenue, by Country, 2013–2023,
(US$ Mn)
7. Recommendations
7.1. Rigorous Research and Development Initiatives for Innovative Products
7.2. Investing in Emerging Economies
8. Company Profiles
8.1. Acumed LLC
8.2. Arthrex, Inc.
8.3. Depuy Synthes
8.4. DJO Global
8.5. F. Hoffmann-La Roche Ltd.
8.6. Flower Orthopedics
8.7. Smith & Nephew plc
8.8. Stryker Corporation
8.9. Tecomet, Inc.
8.10. Wright Medical Group N.V.
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8.11. Z-Medical GmbH + Co. KG
8.12. Zimmer Biomet Holdings, Inc.
About Us
Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and
consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical,
chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR
research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape,
detailed segmentation, key trends, and strategic recommendations.
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Transparency Market Research has published a new market report titled, “Small Bone and Joint Orthopedic Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2023.” According to the report, the global small bone and joint orthopedic devices market was valued at US$4.1 bn in 2014 and is anticipated to expand at a CAGR of 8.1% from 2015 to 2023 to reach US$8.2 bn in 2023.