Allied Market Research

2024

Orthopedic Large Joint Devices Market

Orthopedic Large Joint Devices Market Size, Share, Competitive Landscape and Trend Analysis Report by Product, by Implant Types and by End User : Global Opportunity Analysis and Industry Forecast, 2023-2032

LS : Medical Devices & Supplies

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Author's: | Roshan Deshmukh
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The large joints are those bones which include elbows, shoulders, hips and knees. Joint reconstruction is the treatment of diseased and injured joints which can definitely be reconstructed. This can help in the prevention the need for total joint replacement. The common conditions which can be treated using the large joint devices include Meniscal tears, Torn anterior cruciate ligaments in the knee and torn rotator cuffs in the shoulder, early arthritis. The application of an emerging 3D printing technology may potentially make manufacturing of the actual custom implants more cost-effective in a long-term, the area of a particularly growing interest in the industry is creating personalized instrumentation, which allows civilizing the positioning precision of the off-the-shelf implants.

COVID-19 scenario analysis:

The medical supplies which are helpful for the assistance for the people infected with the coronavirus diseases-2. The majority of the respiratory support devices such as atomizer, the life-support machine, oxygen generator, and the monitors are demanded in the primary treatment for the disease. Additionally, COVID-19 has led to a steep increase in demand for medical supplies such as personal protective equipment which include masks, gloves, and other protective eyeglasses. Surge in number of COVID-19 cases worldwide would boost the need for medical supplies and it keeps on surging from both the healthcare professionals and civil population for precautionary measures. The key manufacturers of the personal equipment would help the industry to grow in the forecast period.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

The major factors affecting the Orthopedic Large Joint Devices market include, rise in the number of the knee injuries, shoulder, hip and even elbow injuries. The increase in the geriatric population will help the industry grow in the coming years. However, the lack of the skilled professionals may hinder the market growth in the next future.

New product advancements to flourish the market

In March 2020, OrthoPediatrics Corp., which is a company focused exclusively on advancing the field of pediatric orthopedics, announced the limited U.S. launch of its Large Fragment Cannulated Screw System. The innovative system was designed to help in the trauma procedures, as well as treating children with a condition known as Slipped Capital Femoral Epiphysis (“SCFE”) and also includes specific design elements to address the unique needs of the pediatric population.

Large Fragment Cannulated Screws, which is available in 6.5mm and 7.3mm diameters, are mainly used for pediatric fracture fixation of large bones and also large bone fragments such as femoral neck fractures, tibial plateau fractures, slipped capital femoral epiphysis, intercondylar femur fractures, sacroiliac joint disruption, subtalar arthrodesis, and further fixation of the pelvis and iliosacral joint.

Surge in mergers and acquisitions to boost the market

In November 2019, Stryker is planning to acquire fellow device-maker Wright Medical in $4 billion to allow a stronger foothold in fast-growing orthopedic segments. Furthermore, the Amsterdam and Memphis, Tennessee-based Wright Medical posted $836 million in global net sales for 2018, driven largely by its products for the upper and lower extremities, which include multiple plating, joint replacement, fixation and fusion systems designed for elbows, wrists, shoulders, ankles and toes.

In June 3 2019, Smith and Nephew announced the acquisition of the Brainlab orthopedic joint reconstruction business. Furthermore, this acquisition supports Smith & Nephew’s strategic decision in order to invest in cutting-edge technologies, novel, which builds their position in the robotic sector and digital surgery.

Key benefits of the report:

  • This study presents the analytical depiction of the global Orthopedic Large Joint Devices industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global Orthopedic Large Joint Devices market share.
  • The current market is quantitatively analyzed to highlight the global Orthopedic Large Joint Devices market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the Orthopedic Large Joint Devices market.
  • The report provides a detailed global Orthopedic Large Joint Devices market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the Orthopedic Large Joint Devices Market research report:

  • Which are the leading market players active in the Orthopedic Large Joint Devices market?
  • What current trends will influence the Orthopedic Large Joint Devices market in the next few years?
  • What are the driving factors, restraints, and opportunities in the Orthopedic Large Joint Devices market?
  • What are the projections for the future that would help in tasking further strategic steps?

Orthopedic Large Joint Devices Market Report Highlights

Aspects Details
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By Product
  • Implants
  • Femoral Hip Stems
  • Mobile Bearing Hip System
  • Partial Knee Implant System
  • Total Knee system
  • Cementless Total Knee System
  • Others
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By Implant Types
  • Metal-non Metal
  • Ceramic Bearings
  • Metal-on polyethene bearings
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By End User
  • Hospitals
  • Ambulatory Surgical Centers
  • Others
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, UK, Italy, Spain, Rest of Europe)
  • Asia-Pacific  (Japan, China, India, Australia, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, Rest of LAMEA)
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Key Market Players

Wright Medical., NuVasive Inc, Medtronic Spinal, Smith & Nephew, Stryker Corp, DePuy Synthes, Globus Medical, Integra Lifesciences, DJO Globa, Zimmer Biomet

Key Market Players
Other Players

B.braun

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Orthopedic Large Joint Devices Market

Global Opportunity Analysis and Industry Forecast, 2023-2032