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Small Bone and Joint Devices Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

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Jun 2021 | 104 Views
 
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Small Bone and Joint Devices Market Outlook - 2027

Joints are the junctions between two or more bones. It is the site where bones originate together which helps for movement between the bones, the bones of other joints connected to each other by connective tissue or cartilage. Some joints do not normally move, such as those located between the plates of the skull. Due to the road accidents lead to shoulder, foot, or ankle surgeries, there are various device available in the small bone and joint devices market such as, shoulder reconstruction devices, elbow repair devices, foot and ankle, plate and screws which helps to reconstruct the damages body part. Foot related issue may causes diabetes mellitus continue to remain one of the major health concerns mostly occur in women which may develop the growth of small bone and joint devices market.

Small-Bone-and-Joint-Devices-Market

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value ($USD)

  Segments covered

  Type,  Application, End User

  Region covered

North America (U.S. and Canada), Europe (U.K., Germany, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea and Rest of Asia-Pacific), LANTAM (Brazil, Mexico), Middle East & Africa (South Africa Saudi Arabia, UAE)

  Companies covered

Major Players Analyzed Include, Depuy Synthes Companies, Smith & Nephew PLC, Zimmer Biomet, Stryker Corporation, Wright Medical Group N.V.,  Acumed, LLC, Flower Orthopedics, Tecomet, Inc., DJO Global, Inc.,  Arthrex, Inc.

 

COVID-19 Scenario Analysis:

To take care of infected population the demand for medical supplies is increasing. Respiratory support devices such as atomizer, life-support machine, oxygen generator, and monitor are among the majorly used medical devices in primary clinical treatment. Moreover, COVID-19 has led to a huge surge in demand for medical supplies such as personal protective equipment including masks, gloves, and protective eyeglasses. With rise in number of COVID-19 cases worldwide, the need for medical supplies keeps on rising among, both from healthcare professionals and civil population for precautionary measures. Manufacturers of these products have a chance to capitalize this increased demand of medical supplies to ensure adequate and continuous supply of personal protective equipment in the market.

The ongoing outbreak of COVID-19 pandemic affect the small bone and joint devices market. It affect the supply chain of the product and major player losses their business. Due to the temporarily  shutting down in the  various region joint disorder related patient not getting proper treatment and it reduces the demand for devices which hinder the growth of small bone and joint devices market.

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

In 2017, Elite Collegiate Athletes, reported that the prevalence and epidemiology of sports injury was the cause of over 21% foot and ankle injuries. These injuries include syndesmotic sprains, mid-foot injuries, medial ankle ligament sprains, lateral ankle ligament sprains, and first metatarsophalangeal joint injuries etc. In 2019, the National Center for Biotechnology Information reported that more than 400 million chronic problem of diabetes mellitus people diagnosed.

In 2019, National Safety Council, U.S. reported that around 4.6 million people suffer from an injury and 2,841 death happened due to road accidents per year. In 2017, International Osteoporosis Foundation, reported that osteoporosis affected 75 million people in U.S., Europe, and Japan. Menopausal women were majorly affected and 1 out of 3 women suffer from an osteoporotic fracture. 

Globally, North America hold the largest market share and dominant overall market due to well-developed healthcare infrastructure,  growing incidence of sport injuries increasing demand for minimally invasive surgical procedures and lower and upper extremity surgeries, increasing large number of arthritis patients. On the other hand, Asia Pacific expected to contribute largest market share due to increasing number of geriatric population, rising demand for advanced surgical procedure

The major driving factors that drive the market growth such as growing geriatric population, increasing acceptance of reconstructive surgeries, growing occurrence of degenerative disorders including increasing cases of road accidents, rising osteoporosis and arthritis related disorders, rising large number of  activities related to diabetic foot reconstruction. The factors that restrain the market growth such as high cost of joint related surgeries, lack of awareness about the surgical procedure and availability of existing devices.

New product launches to flourish the market:

Manufacturers have been focusing on producing new products for specific applications as there are varying demands based on the utilization. Leading market players have determined how improved accuracy can be influential in many applications.   Major market players are focusing on product development and innovative business strategies including regional expansion, mergers, partnerships, and distribution agreements, to growing their market share. In 2018, “Stryker Corporation” has launched a small bone power system such as “Stryker F1”. This system provide balanced, cordless, and lightweight solution for procedures of the bones. In 2019, “Smith & Nephew” developed “Brainlab Orthopedic Joint Reconstruction Business” to introduce the robotics ecosystem for foot and ankle surgery. In 2019, “Acumed, LLC”, developed “Bluefish Orthopedics, LLC” to launch a new elbow arthroplasty technology (TEA) in the market. In 2019, “Depuy Synthes” has launched advanced shoulder reconstruction devices, such as “GLOBAL UNITE Reverse Fracture Shoulder”, anticipated to operate patients suffering from rotator cuff disorder.

Key segments covered:

Segments

Sub-segments

  Type

  • Shoulder Reconstruction Devices
  • Elbow Repair Devices
  • Foot and Ankle
  • Plate and Screws
  • Others

  Application

  • Foot (Ankle, Toe)
  • Hand (Thumb, Wrist, Elbow, Shoulder, Others)

  End User

  • Pharmaceutical and Medical device Industries
  • Hospitals

 

Key benefits of the report:

  • This study presents the analytical depiction of the global small bone and joint devices market 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 small bone and joint devices market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global small bone and joint devices market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global small bone and joint devices market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the Small Bone and Joint Devices Market research report:

  • Who are the leading market players active in the small bone and joint devices market?
  • What are the current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that will help in taking further strategic steps?
 
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