Market for Orthopedics Devices to Grow to $41.2 B by 2019: Transparency Market Research

Albany, NY, April 09, 2014 --(PR.com)-- Transparency Market Research "Orthopedic Devices Market (Hip, Knee, Spine, Shoulder, Elbow, Foot and Ankle, Craniomaxillofacial and Other Extremities) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019," the global orthopedic devices market was valued at USD 29.2 billion in 2012 and is expected to grow at a CAGR of 4.9% from 2013 to 2019, to reach an estimated value of USD 41.2 billion in 2019.

Browse Orthopedic Devices Market Report with Full TOC at http://www.transparencymarketresearch.com/orthopedic-devices-market.html

Orthopedic devices are used to provide or restore stability by placing them within the body's skeleton. These help in correcting the problems associated with the bone and joints such as injuries or deformities. Insertion of these orthopedic devices such as joint implants, internal and external fixators involves surgical procedures which can be minimally invasive. A growing elderly population combined with the rise in risk for osteoporosis, osteoarthritis, injuries and obesity, contribute to the growth of this market particularly in emerging economies of the Middle East, and the Asian countries such as China and India.Furthermore, technological advancements such as bio-absorbable implants coupled with increase in the success rate of these implants and fixators in the emerging market, will serve as an opportunity for investors to invest in.

The global market for orthopedic devices has been studied from the perspective of widely used various orthopedic devices and number of procedures for particular anatomical location.The report provides a detailed analysis of orthopedic devices for hip, knee, shoulder, elbow, foot and ankle, and other extremities. These are further segmented into joint implants, internal fixation devices and external fixation devices. The others extremities segment comprises the market for wrists, digits and hand. The market has also been estimated for spinal orthopedic devices which includes cervical and thoracolumbar spinal implants and the internal fixation devices. Moreover, orthopedic devices for craniomaxillofacial comprises only of i
internal fixation devices.

In 2012, knee orthopedic devices accounted for the largest share by revenue of the total orthopedic devices market. However, the product recalls caused due to factors such as implant loosening, corrosion, wear, and manufacturing errors are expected to have a major impact on the overall market revenue. Thus, the U.S. and European markets anticipated a decline in growth during the forecast period. The market for hip orthopedic products accounted for the second largest share in 2012. It is estimated that the global market for hip devices will grow at a CAGR of over 5.9% from 2013 to 2019, owing to its high incidence rate of hip fractures and demand for hip replacement procedures.

The report also provides market estimations for orthopedic consumables during the forecast period of 2013 to 2019. This market has been segmented as anchors and staples. Anchors form a major share of the total orthopedic consumables market contributing to around 80% of the market share in 2012. The overall orthopedic consumables market is expected to grow to reach a value of USD 457 million by 2019.

Geographically, North America dominated the global market for orthopedic devices in terms of revenue generation and is expected to maintain its position throughout the forecast period. The adoption of bio absorbable implants, growing elderly population and rise in incidences of osteoporosis, osteoarthritis, and obesity in the U.S., consequently leading to various types of fractures, is expected to contribute to the leadership of the North American market. Europe was the second largest regional market for orthopedic devices in 2012, owing to the increased demand for drug eluting stents and infusion pumps. Asia-Pacific is expected to be the fastest growing region in the global orthopedic devices market from 2013 to 2019.

The global hip and knee orthopedic devices market is dominated by major players including Depuy Synthes, Zimmer and Stryker, while the overall spinal devices market is dominated by Medtronic, Depuy, Styrker and NuVasive.

The global orthopedic devices market is segmented as follows:

Orthopedic Devices Market, by Anatomical Location

Hip

Hip Joint Implants

Metal on metal
Ceramic on ceramic
Ceramic on polyethylene

Hip Internal Fixation Devices

Nails/Rods
Plates
Screws
Wires

Hip External Fixation Devices

Frames
Pins

Knee

Knee Joint Implants

Posterior stabilization design
Cruciate retaining design
Uni-compartmental knee implant

Knee Internal Fixation Devices

Pins
Plates
Screws
Wires

Knee External Fixation Devices

Frames
Clamps
Pins

Spine

Spine Joint Implants

Cervical Implants
Thoracolumbar Implants

Spine Internal Fixation Devices

Nails/Rods
Plates
Screws
Wires

Shoulder

Shoulder Joint Implants

Total joint implant
Resurfacing

Shoulder Internal Fixation Devices

Pins
Nails/Rods
Plates
Screws
Wires

Shoulder External Fixation devices

Frames
Clamps
Pins

Elbow

Elbow Joint Implants
Elbow Internal Fixation Devices

Pins
Plates
Screws
Wires

Elbow External Fixation Devices

Frames
Clamps
Pins

Foot and Ankle

Foot and Ankle Joint Implants
Foot and Ankle Internal Fixation Devices

Pins
Nail/Rods
Plates
Screws
Wires

Foot and Ankle External Fixation Devices

Frames
Clamps
Pins

Cranio-Maxillofacial (CMF)

CMF Internal Fixation Devices

Mesh
Plates
Screws
Wires

Other Extremities

Joint Implants
Internal Fixation Devices

Pins
Nails/Rods
Plates
Wires
Screws

External Fixation

Frames
Pins

Orthopedic Devices Market, by Consumables

Anchors

Suture anchors
Metallic anchors

Staples

Orthopedic Devices Market, by Geography

North America
Europe
Asia-Pacific
Rest of the World (RoW)