Orthopedic Devices Market Global Briefing 2017

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.

Americas was the largest region in the orthopedic devices market in 2016, accounting for around 40% of the market share. Europe was the second largest region accounting for over 30% of the market share. Asia was the third largest region accounting for around 16% of the 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 reabosorbable 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.

Figure 1: Global Orthopedic Devices Market, Historic Market Size, 2012-2016, $ Billion 8
Figure 2: Global Orthopedic Devices Market, Forecast Market Size, 2016-2020, $ Billion 11
Figure 3: Global Orthopedic Devices Market, Split By Segments, 2016, $ Billion 14
Figure 4: Global Orthopedic Devices Market, Split By Region, 2016, $ Billion 16
Figure 5: Global Orthopedic Devices Market, Historic and Forecast Growth, Split By Region, 2012 – 2020 18
Figure 6: Global Orthopedic Devices Market, Split By Country, 2016, $ Billion 19
Figure 7: Global Orthopedic Devices Market, Historic and Forecast Growth Rate, Split By Country, 2012 – 2020 21
Figure 8: Global Orthopedic Devices Market, Key Competitor Estimated Market Shares, 2016, Percentage(%) 22