Knee Implants Segment to Hold Largest Share to Market during 2020–2027
According to the latest study on “Pediatric Orthopedic Implants Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Type, Application, and End User,” the market was valued at US$ 1,604.92 million in 2019 and it is projected to reach US$ 3,479.79 million by 2027; it is expected to grow at a CAGR of 10.2% during 2020–2027. The report highlights trends prevailing in the global market, and drivers and restraints pertaining to the market growth.
Factors such as increasing sports injuries and bone deformities among children, and rising awareness and adoption of orthopedic solutions and treatments are fueling the growth of the global pediatric orthopedic implants market. Further, high market potential in developing nations offers lucrative opportunities to the market players. However, the post-surgical complications hinder the market growth.
Based on type, the pediatric orthopedic implants market is segmented into hip implants, knee implants, spine implants, craniomaxillofacial implants, dental implants, and others. In 2019, the hip implants segment accounted for the largest share of the market.
Johnson and Johnson Services; Pega Medical; Arthrex, Inc.; Stryker Corporation; OrthoPediatrics Corp; Wishbone Medical, Inc; Samay Surgical; Vast Ortho; Merete GmbH; and Suhradam Ortho are among the key players operating in the pediatric orthopedic implants market. These companies focus on partnerships, product launches, and collaborations to sustain their positions in the market. For instance, in January 2021, OrthoPediatrics Corp. launched its first sterile-packed implants for Pediatric Nailing Platform FEMUR (“PNPFEMUR”).
Report : Pediatric Orthopedic Implants Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Type (Hip Implants, Knee Implants, Spine Implants, Craniomaxillofacial Implants, Dental Implants, and Others), Application (Trauma & Deformity, Spinal Deformities, Broken Bones, Bone and Joint Infection, Spinal Deformities, and Others), and End User (Hospitals, Pediatric Clinics, and Others)
The report segments the global pediatric orthopedic implants market as follows:
By End User