Pediatric Orthopedic Implants Market Size and Competitive Analysis by 2030

The Pediatric Orthopedic Implants market size is projected to reach US$ 8,502.17 million by 2030 from US$ 3,812.77 million in 2022. The market is expected to register a CAGR of 10.50% during 2022–2030. The technological advancements in orthopedic implants are likely to remain key trend in the market.

Pediatric Orthopedic Implants Market Analysis

An orthopedic implant is a medical device designed to replace a damaged or deformed joint, bone, or cartilage, such as from a broken leg, amputation, or congenital defect. These devices are implanted inside the body, so they are constructed using biocompatible non-metals and metal alloys. Orthopedic implants can be permanent or temporary for bone fractures. Permanent implants such as those used in the hip, knee, ankle, shoulder, elbow, wrist, and finger joints are designed to remain in the body for the patient's lifetime, whereas temporary implants like plates, screws, pins, wires, and intramedullary nails are used to stabilize broken or fractured bones for a limited period, allowing the bones to heal. Use of resorbable implants and increasing access to pediatric orthopedic treatment enhance the pediatric orthopedic implants market growth.

Pediatric Orthopedic Implants Market Overview

As per an article published by the BMC Pediatrics in 2022, a study estimating prevalence and the treatment need for musculoskeletal impairments (MSIs) in children aged 16 years or less in Malawi. The study showed that there were 112,000 children in need of Prostheses and Orthoses (P&O), 42,000 in need of mobility aids, including 37,000 wheelchairs, 73,000 in need of medication, 59,000 in need of physical therapy, and 20,000 children in need of orthopedic surgery.

With the growing burden of musculoskeletal diseases among pediatric population, Indian government has been implementing various rules and regulations for regulating the manufacturing and import of medical devices. For instance, in 2022, the Quality Council of India (QCI) in collaboration with the Association of Indian Medical Device Industry (AIMED) and the National Accreditation Board for Certification Bodies (NABCB) initiated Indian Certification of Medical Devices (ICMED) scheme, a new quality assurance certification scheme for Indian products. This scheme reduces the time and cost involved in quality certifications, further enhancing patient safety, and improving the credibility and competitiveness of manufacturers. Such government initiatives favors the pediatric orthopedic implants market growth in India.

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Pediatric Orthopedic Implants Market: Strategic Insights

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Pediatric Orthopedic Implants Market Drivers and Opportunities

Mounting Number of Pediatric Surgeries to Favor Market Growth

According to the Centers for Disease Control and Prevalence (CDC), clubfoot is one of the most common birth defects in the US, and it affected ~6,643 babies in the country in 2022. Orthopedic defects are congenital abnormalities that affect the muscles, skeleton, and related tissues. Developmental dysplasia causing hip dislocation and metatarsus adducts causing curved foot or in-toeing are also categorized as congenital orthopedic disabilities. These abnormalities predominantly result in muscle imbalance, paralysis, and decreased sensation in the lower extremity. Thus, increasing prevalence of orthopedic birth defects drives the growth of the pediatric orthopedic implants market.

Additionally, according to an article published in Cureus in May 2023, childhood orthopedic injuries in Abha, Saudi Arabia are common, especially among young boys. The most common causes of injuries were falls from height and play-associated injuries. The injuries were typically blunt, including closed fractures. The most common trauma sites were the upper extremities, head, and lower extremities. While the hospitalization rate after injury was high, non-surgical intervention was usually sufficient for most cases. Thus, increasing number of pediatric surgeries would continue to benefit the pediatric orthopedic implants market in during the forecast period.

Rising Developments in Emerging Economies Brings Growth Opportunities

As highlighted by article published in the IEEE Pulse in February 2021, in the past few years, only 24% of FDA-approved life-saving devices were for pediatric use, most for children over 12. Less than 4% were for children ages 0–2, and even fewer for neonatal patients. Children's National Hospital partners with NCC-PDI are developing pediatric medical devices and improve these statistics.

Additionally, key players operating in the market are engaged in developing and commercializing innovative products and technologies specifically designed to address the unmet clinical needs of pediatric orthopedic patients and satisfy the demands of orthopedic surgeons. These factors are likely to create significant opportunities for major players in the pediatric orthopedic implants market.

Pediatric Orthopedic Implants Market Report Segmentation Analysis

Key segments that contributed to the derivation of the Pediatric Orthopedic Implants market analysis are type, application, and end user.

• The pediatric orthopedic Implants market is segmented based on type into hip implants, spine implants, knee implants, dental implants, craniomaxillofacial implants, and others. The quadrivalent vaccines segment held the largest market share in 2022.
• By application, the market is categorized into trauma & deformity, broken bones, bone and joint infection, spinal deformities, and others. The Influenza Virus Type A segment held a significant share of the market in 2022.
• By end user, the market is segmented into hospitals, pediatric clinics, and others. The egg-based segment held the largest share of the market in 2022.

Pediatric Orthopedic Implants Market Share Analysis by Geography

The geographic scope of the Pediatric Orthopedic Implants market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.  Asia Pacific is projected to register the highest CAGR in the coming years.

The Pediatric Orthopedic Implants market in North America is analyzed based on the three major countries: the US, Canada, and Mexico. The US is projected to have the largest share of the North America Pediatric Orthopedic Implants market in 2022. The growth of the market in the country is primarily driven by increasing number of orthopedic surgeries and rising number of clinics providing advanced surgical services.  According to the Centers for Disease Control and Prevention (CDC), in the US, ~9.2 million children are admitted to the emergency department to treat accidental injuries such as falls and road traffic. Additionally, growing product launches and approvals favor the market in the US.

Pediatric Orthopedic Implants Market Regional Insights

The regional trends and factors influencing the Pediatric Orthopedic Implants Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Pediatric Orthopedic Implants Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Pediatric Orthopedic Implants Market Report Scope

Pediatric Orthopedic Implants Market Players Density: Understanding Its Impact on Business Dynamics

The Pediatric Orthopedic Implants Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Pediatric Orthopedic Implants Market News and Recent Developments

The Pediatric Orthopedic Implants market is evaluated by gathering qualitative and quantitative data from primary and secondary research, which includes essential corporate publications, association data, and databases. A few of the developments in the Pediatric Orthopedic Implants market are listed below:

• OrthoPediatrics Corp. entered an agreement to acquire Pega Medical, including its Fassier-Duval Telescopic Intramedullary System designed for patients suffering from Osteogenesis Imperfecta and other bone deformities. Their product offerings include novel technologies to treat some of the most unique conditions in pediatric orthopedics. (Source: OrthoPediatrics Corp, Press Release, June 2022)
• WISHBONE MEDICAL, INC. acquired assets of Back 2 Basics Direct and Orbbö Surgical. These are two privately held medical device companies that focused on research, development, and commercialization of sterile packaged implants and surgical instruments for spinal fusion. (Source: WISHBONE MEDICAL, INC, Press Release, April 2020)

Pediatric Orthopedic Implants Market Report Coverage and Deliverables

The “Pediatric Orthopedic Implants Market Size and Forecast (2020–2030)” report provides a detailed analysis of the market covering below areas:

• Pediatric orthopedic implants market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Pediatric orthopedic implants market trends, as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• Pediatric orthopedic implants market analysis covering key market trends, global and regional framework, significant players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the Pediatric orthopedic implants market.
• Detailed company profiles