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Orthopedic devices are used for restoring skeletal structure and joint movements in various fractures, abnormal growth of bones, soft tissue damage, trauma or other deformities. These devices are implanted by surgical procedures or can be externally attached through minimally invasive procedures. Orthopedic devices can be classified as joint implants, internal and external fixation devices.
Asia Pacific was the largest region in the orthopedic devices market in 2017, accounting for around 33% market share. North America was the second largest region accounting for around 30% market share. Africa was the smallest region accounting for around 3% market share.
Biodegradable implants are increasingly being used in trauma orthopedic surgeries. Biodegradable implants are used to replace a missing biological structure, support a damaged biological structure, and enhance the existing bone structure. Biodegradable products such as reabsorbable polymers composed of polyglycolic acid and poly lactic acid manufactured in the form of plates, screws, and pins are replacing traditional devices like plates and screws which are more expensive.
Surgeons are preferring biodegradable implants to replace conventional implants, as biodegradable implants can be engineered to provide temporary support for bone fractures; can degrade at a rate matching new tissue formation; can eliminate the need for second surgery, are highly useful in fracture fixation in children; and result in less implant related infections. For instance, Stryker Corp. offers orthrobiologics such as bone repair biodegradable products that are used in bone regeneration and bone healing, soft tissue regeneration and muscle connection to bone.
- Markets Covered: Joint Reconstruction, Spinal Surgery, Trauma Fixation, Orthrobiologics, Arthroscopy, Orthopedic Braces and Support, Craniomaxillofacial (CMF) Devices, Orthopedic Prosthetics, and Orthopedic Accessories (includes Orthopedic Reamers)
- Time Series: Five years historic and forecast.
- Data: Market value in $ billions.
- Data Segmentations: Regional breakdowns, market share of competitors, key sub segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Johnson & Johnson
- Zimmer Biomet Holdings
- Stryker Corporation
- Smith & Nephew PLC
- Medtronic Plc (Covidien)
- B. Braun Melsungen
- Wright Medical Group
- Orthofix Holdings
- Conmed Corporation
- Integra LifeSciences
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