Here are 34 most recent trends in the global orthopedic devices market and six of its sub-categories.
Global orthopedic devices market (from a Grand View Research report):
1. The market is anticipated to reach $43.1 billion by 2024.
2. The increasing adoption of advanced technologies and materials as well as the rising geriatric population are driving market growth.
3. Stringent regulatory approval processes as well as high device and surgical costs are limiting the market's growth.
4. The knee orthopedic devices segment held the largest share of the market in 2015.
5. The hip orthopedic devices segment held the second largest market share in 2015.
6. In 2015, North America captured the largest market share, with 51.4 percent, and is expected to maintain its dominance through 2024.
7. The Asia Pacific segment is expected to experience a compound annual growth rate of 8.6 percent through 2024.
8. Major players in the orthopedic devices market include NuVasive, Medtronic, Zimmer-Biomet, DePuy Synthes and Stryker.
Global orthopedic trauma devices market (from a Persistence Market Research report)
9. The market is expected to hit $9.4 billion by 2020.
10. In 2013, the market was valued at $5.7 billion.
11. From 2014 through 2020, the market is expected to grow at a compound annual growth rate of 7.2 percent.
12. Enhanced clinical outcomes are fueling market growth.
13. North America held the largest market share in 2014, and Asia Pacific is expected to experience the fastest growth through 2020.
Global knee and hip reconstruction market (from a GlobalData report)
14. In 2015, the market was valued at $14 billion.
15. The market is expected to reach $16.46 billion by 2022, growing at a compound annual growth rate of 2.5 percent.
16. The report's authors stated various factors including the U.S. medical excise tax, elective surgeries' deferrals and Europe austerity measure will pose as barriers to market growth.
17. Thirty-nine countries comprise the global hip and knee reconstruction market.
Global sports medicine devices market (from a Market Research Store report)
18. In 2014, the Americas dominated the global sports medicine devices market.
19. The sports medicine market is separated into arthroscopy devices, braces, fracture repair devices, orthobiologics, monitoring devices, prostheses and joint implants as well as other recovery products and accessories.
20. Key market players include Arthrex, ArthroCare, Zimmer Biomet, Stryker, Wright Medical Technology, DJO Global, OttoBock Healthcare and Ossur.
Global small bone and joint orthopedic devices market (from an MRRSE report):
21. The fracture fixation and replacement systems segment was valued at nearly $1.596 million in 2014.
22. The segment is expected to grow at a compound annual growth rate of 8 percent from 2015 to 2023.
23. The increasing prevalence of joint degenerative diseases and increasing healthcare expenditures are fueling the small bone and joint orthopedic devices market's growth.
24. Key players include Acumed, Arthrex, DJO Global, Flower Orthopedics, DePuy Synthes, Smith & Nephew, Stryker, Tecomet, Wright Medical Group, Zimmer Biomet and Z-Medical GmbH.
Global knee and hip replacements market (from a Medical Market Research report)
25. The global knee and hip replacements market is expected to grow at a compound annual growth rate of 5.15 percent through 2021.
26. Rising clinical education among patients, rising demand from the aged population, increasing prevalence of obesity and diabetes and technological innovation are driving the market's growth.
27. The high costs of surgery is hindering market growth.
28. While the market has a strong foothold in Europe and North America, the emerging nations in the Asia Pacific region and Latin America are expected to drive rapid growth for the market.
29. Leading global market players include Zimmer Biomet, Stryker, Smith & Nephew, Johnson & Johnson and Wright Medical.
Global market fixation market (from a GlobalData research report)
30. By 2020, the market is expected to hit $7.4 billion.
31. In 2015, the market was valued at $6.4 billion.
32. The market is expected to grow at a compound annual growth rate of 2.2 percent from 2015 to 2022.
33. Global reimbursement, regulatory limits and emerging markets preferring to adopt locally manufactured implants are hindering market growth. Additionally, many companies face challenges showing orthopedic devices' efficacy, as FDA approval is often a lengthy process.
34. Despite market barriers, an increasing aging population, more motor vehicle accidents and the urbanization of emerging markets are fueling market demand.