North America Pediatric Orthopedic Implants Market Growth and Recent Trends by 2027
North America Pediatric Orthopedic Implants Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Type (Hip Implants, Knee Implants, Spine Implants, Craniomaxillofacial Implants, Dental Implants, Others); Application (Birth Deformities, Limping, Broken Bones, Bone and Joint Infection, Spinal Deformities, Others); End User (Hospitals, Pediatric Clinics, Others,), and Country
- Report Date : Mar 2021
- Report Code : TIPRE00020145
- Category : Life Sciences
- Status : Published
- Available Report Formats :
- No. of Pages : 138
The North America Pediatric Orthopedic Implants market is expected to reach US$ 2,792.9 million by 2027 from US$ 1,306.8 million in 2019; it is anticipated to grow at a CAGR of 10.1% during 2019–2027.
The key factors driving the market growth are increasing sports injuries and bone deformities among children and increasing awareness and adoption of orthopaedic solutions and treatments. In addition, growing demand for higher quality products is also expected to drive the market growth by 2027. However, post-surgical complications associated to Pediatric Orthopedic Implants market is the major factor hindering the market growth in North America.
Pediatric orthopedic implants are the surgical implants that help in healing bone and spine injuries with deformities. These are designed for pediatric patients specifically. Since children have growing anatomy and the strength of the skeletal system is less, these medical conditions regarding orthopedics require special equipment to fix the deformation in bone, skeleton and other dislocation.
Increasing sports injuries and bone deformities among children is anticipated to drive the adoption of Pediatric Orthopedic Implants, which would eventually drive the Pediatric Orthopedic Implants market during the forecast period. According to a study published by March of Dimes, the conditions for about 60% of congenital disabilities are unexplained. Various risk factors such as abnormal genes inherited from a parent, missing or abnormal genes caused by a chromosome disorder. Moreover, there is considerable increase in sports injuries among children, which is promoting the adoption of pediatric orthopedic implants. For instance, as per the Stanford Children's Health in the US, about 30 million children and teens are engaged in organized sports, and more than 3.5 million injuries are recorded annually
Johnson and Johnson, Stryker Corporation, OrthoPediatrics Corp., Wishbone Medical, Inc. are among the major companies in Pediatric Orthopedic Implants market.
COVID-19 pandemic has become the most significant challenge across the North America region. This challenge will be frightening the countries across the region as it will lead to reducing imports due to disruptions in global trade, which further increases the shortages of Pediatric Orthopedic Implants, resulting in a considerable price increase. Manufacturers are also experiencing raised prices and potential shortages of raw ingredients due to supply restrictions.
US Pediatric Orthopedic Implants Market, Revenue and Forecast to 2027 (US$ Mn)
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NORTH AMERICA PEDIATRIC ORTHOPEDIC IMPLANTS MARKET SEGMENTATION
By Type
- Hip Implants
- Knee Implants
- Spine Implants
- Craniomaxillofacial Implants
- Dental Implants
- Others
By Application
- Birth Deformities
- Limping
- Broken Bones
- Bone and Joint Infection
- Spinal Deformities
- Others
By End User
- Hospitals
- Pediatric Clinics
- Others
By Country
- US
- Canada
- Mexico
Company Profiles
- Johnson and Johnson Services
- Pega Medical
- Arthrex, Inc.
- Stryker Corporation
- OrthoPediatrics Corp
- Wishbone Medical, Inc.
- Samay Surgical
- Vast Ortho
- Merete GmbH
- Suhradam Ortho
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Application, End User, and Country
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Pediatric Orthopedic Implants Market – By Type
1.3.2 North America Pediatric Orthopedic Implants Market – By Application
1.3.3 North America Pediatric Orthopedic Implants Market – By End user
1.3.4 North America Pediatric Orthopedic Implants market – By Countries
2. North America Pediatric Orthopedic Implants Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Pediatric Orthopedic Implants Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Pediatric Orthopedic Implants Market - North America PEST Analysis
4.3 Expert Opinion
5. North America Pediatric Orthopedic Implants Market - Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Increasing Sports Injuries and Bone Deformities among Children
5.1.2 Increasing Awareness and Adoption of Orthopaedic Solutions and Treatments
5.2 Key Market Restraints
5.2.1 Post-Surgical Complications
5.3 Key Market Opportunities
5.3.1 High Market Potential in Developing Nations
5.4 Future Trends
5.4.1 Demand for Higher Quality Products
5.5 Impact Analysis of Drivers and Restraints
6. Pediatric Orthopedic Implants Market – North America Analysis
6.1 North America Pediatric Orthopedic Implants Market Revenue Forecast And Analysis
6.2 North America Pediatric Orthopedic Implants Market, By Countries - Forecast And Analysis
6.3 Market Positioning of Key Players
7. North America Pediatric Orthopedic Implants Market Analysis – By Type
7.1 Overview
7.2 North America Pediatric Orthopedic Implants Market Revenue Share, by Type (2019 and 2027)
7.3 Hip Implants
7.3.1 Overview
7.3.2 North America Hip Implants Market Revenue and Forecasts to 2027 (US$ Mn)
7.4 Knee Implants
7.4.1 Overview
7.4.2 North America Knee Implants Market Revenue and Forecasts to 2027 (US$ Mn)
7.5 Spine Implants
7.5.1 Overview
7.5.2 North America Spine Implants Market Revenue and Forecasts to 2027 (US$ Mn)
7.6 Craniomaxillofacial Implants
7.6.1 Overview
7.6.2 North America Craniomaxillofacial Implants Market Revenue and Forecasts to 2027 (US$ Mn)
7.7 Dental Implants
7.7.1 Overview
7.7.2 North America Dental Implants Market Revenue and Forecasts to 2027 (US$ Mn)
7.8 Others
7.8.1 Overview
7.8.2 North America Others Market Revenue and Forecasts to 2027 (US$ Mn)
8. North America Pediatric Orthopedic Implants Market Analysis – By Application
8.1 Overview
8.2 Pediatric Orthopedic Implants Market Revenue Share, by Product (2019 and 2027)
8.3 Trauma and Deformities
8.3.1 Overview
8.3.2 North America Trauma and Deformities Market Revenue and Forecasts to 2027 (US$ Mn)
8.4 Broken Bones
8.4.1 Overview
8.4.2 North America Broken Bones Market Revenue and Forecasts to 2027 (US$ Mn)
8.5 Bone and Joint Infection
8.5.1 Overview
8.5.2 North America Bone and Joint Infection Market Revenue and Forecasts to 2027 (US$ Mn)
8.6 Spinal Deformities
8.6.1 Overview
8.6.2 North America Spinal Deformities Market Revenue and Forecasts to 2027 (US$ Mn)
8.7 Others
8.7.1 Overview
8.7.2 North America Others Market Revenue and Forecasts to 2027 (US$ Mn)
9. North America Pediatric Orthopedic Implants Market Analysis – By End user
9.1 Overview
9.2 North America Pediatric Orthopedic Implants Market Share, by End users, 2019 and 2027, (%)
9.3 Hospitals
9.3.1 Overview
9.3.2 North America Hospitals Market Revenue and Forecasts to 2027 (US$ Mn)
9.4 Pediatrics Clinics
9.4.1 Overview
9.4.2 North America Pediatrics Clinics Market Revenue and Forecasts to 2027 (US$ Mn)
9.5 Others
9.5.1 Overview
9.5.2 North America Others Market Revenue and Forecasts to 2027 (US$ Mn)
10. North America Pediatric Orthopedic Implants Market Analysis And Forecasts To 2027 – Regional Analysis
10.1 North America: Pediatric Orthopedic Implants Market
10.1.1 Overview
10.1.2 North America: Pediatric Orthopedic Implants Market – Revenue and Forecast to 2027 (USD Million)
10.1.3 North America: Pediatric Orthopedic Implants Market, by Type, 2018–2027 (USD Million)
10.1.4 North America: Pediatric Orthopedic Implants Market, by Application, 2018–2027 (USD Million)
10.1.5 North America: Pediatric Orthopedic Implants Market, by End-Users 2018–2027 (USD Million)
10.1.6 North America: Pediatric Orthopedic Implants Market, by Country, 2019 & 2027 (%)
10.1.7 US: Pediatric Orthopedic Implants Market – Revenue and Forecast to 2027 (USD Million)
10.1.7.1 US: Pediatric Orthopedic Implants Market – Revenue and Forecast to 2027 (USD Million)
10.1.7.2 US: Pediatric Orthopedic Implants Market, by Type, 2018–2027 (USD Million)
10.1.7.3 US: Pediatric Orthopedic Implants Market, by Application, 2018–2027 (USD Million)
10.1.7.4 US: Pediatric Orthopedic Implants Market, by End-User, 2018–2027 (USD Million)
10.1.8 Canada: Pediatric Orthopedic Implants Market – Revenue and Forecast to 2027 (USD Million)
10.1.8.1 Canada: Pediatric Orthopedic Implants Market – Revenue and Forecast to 2027 (USD Million)
10.1.8.2 Canada: Pediatric Orthopedic Implants Market, by Type, 2018–2027 (USD Million)
10.1.8.3 Canada: Pediatric Orthopedic Implants Market, by Application, 2018–2027 (USD Million)
10.1.8.4 Canada: Pediatric Orthopedic Implants Market, by End User, 2018–2027 (USD Million)
10.1.9 Mexico: Pediatric Orthopedic Implants Market – Revenue and Forecast to 2027 (USD Million)
10.1.9.1 Mexico: Pediatric Orthopedic Implants Market – Revenue and Forecast to 2027 (USD Million)
10.1.9.2 Mexico: Pediatric Orthopedic Implants Market, by Type, 2018–2027 (USD Million)
10.1.9.3 Mexico: Pediatric Orthopedic Implants Market, by Application, 2018–2027 (USD Million)
10.1.9.4 Mexico: Pediatric Orthopedic Implants Market, by End User, 2018–2027 (USD Million)
11. Impact of COVID-19 Pandemic on North America Pediatric Orthopedic Implants Market
11.1 North America: Impact Assessment of COVID-19 Pandemic
12. Company Profiles
12.1 Johnson and Johnson Services, Inc.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Pega Medical
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Arthrex, Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Stryker Corporation
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 OrthoPediatrics Corp
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 WISHBONE MEDICAL, INC.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 SAMAY SURGICAL
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Vast Ortho
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Merete GmbH
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 SUHRADAM ORTHO
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. North America Pediatric Orthopedic Implants Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 2. North America Pediatric Orthopedic Implants Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 3. North America Pediatric Orthopedic Implants Market, by End-Users – Revenue and Forecast to 2027 (USD Million)
Table 4. US: Pediatric Orthopedic Implants Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 5. US: Pediatric Orthopedic Implants Market, by Application – Revenue and Forecast to 2027
Table 6. US: Pediatric Orthopedic Implants Market, by End-User – Revenue and Forecast to 2027
Table 7. Canada: Pediatric Orthopedic Implants Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 8. Canada: Pediatric Orthopedic Implants Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 9. Canada: Pediatric Orthopedic Implants Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 10. Mexico: Pediatric Orthopedic Implants Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 11. Mexico: Pediatric Orthopedic Implants Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 12. Mexico: Pediatric Orthopedic Implants Market, by End User, Revenue and Forecast to 2027 (USD Million)
Table 13. Glossary of Terms, Pediatric Orthopedic Implants Market
LIST OF FIGURES
Figure 1. Pediatric Orthopedic Implants Market Segmentation
Figure 2. North America Pediatric Orthopedic Implants Market Segmentation – By Countries
Figure 3. North America Pediatric Orthopedic Implants Market Overview
Figure 4. Hip Implant Type Segment Held Largest Share of North America Pediatric Orthopedic Implants Market
Figure 5. Pediatric Orthopedic Implants Market - North America PEST Analysis
Figure 6. North America Pediatric Orthopedic Implants Market Impact Analysis of Drivers and Restraint
Figure 7. North America Pediatric Orthopedic Implants Market – Revenue Forecast And Analysis – 2019- 2027 (US$ Million)
Figure 8. North America Pediatric Orthopedic Implants Market – By Countries Forecast and Analysis – 2019- 2027
Figure 9. Market Positioning Of Key Players In North America Pediatric Orthopedic Implants Market
Figure 10. North America Pediatric Orthopedic Implants Market Revenue Share, by Type (2019 and 2027)
Figure 11. North America Hip Implants Market Revenue And Forecasts to 2027 (US$ Mn)
Figure 12. North America Knee Implants Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 13. North America Spine Implants Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 14. North America Craniomaxillofacial Implants Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 15. North America Dental Implants Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 16. North America others Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 17. Pediatric Orthopedic Implants Market Revenue Share, by Product (2019 and 2027)
Figure 18. North America Trauma and Deformities Market Revenue And Forecasts to 2027 (US$ Mn)
Figure 19. North America Broken Bones Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 20. North America Bone and Joint Infection Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 21. North America Spinal Deformity Candidiasis Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 22. North America others Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 23. North America Pediatric Orthopedic Implants Market Share, by End users, 2019 and 2027 (%)
Figure 24. North America Birth Hospitals Market Revenue And Forecasts to 2027 (US$ Mn)
Figure 25. North America Pediatrics Clinics Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 26. North America Others Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 27. North America: Pediatric Orthopedic Implants Market, by Key Country – Revenue (2019) (USD Million)
Figure 28. North America: Pediatric Orthopedic Implants Market Revenue and Forecast to 2027 (USD Million)
Figure 29. North America: Pediatric Orthopedic Implants Market, by Country, 2019 & 2027 (%)
Figure 30. US: Pediatric Orthopedic Implants Market – Revenue and Forecast to 2027 (USD Million)
Figure 31. Canada: Pediatric Orthopedic Implants Market – Revenue and Forecast to 2027 (USD Million)
Figure 32. Mexico: Pediatric Orthopedic Implants Market – Revenue and Forecast to 2027 (USD Million)
Figure 33. Impact of COVID-19 Pandemic in North American Countries Markets
- Johnson and Johnson Services
- Pega Medical
- Arthrex, Inc.
- Stryker Corporation
- OrthoPediatrics Corp
- Wishbone Medical, Inc.
- Samay Surgical
- Vast Ortho
- Merete GmbH
- Suhradam Ortho
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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