The global small bone and joint devices market is anticipated to grow at a CAGR of around 8.5% during the forecast period 2020 to 2027 and to reach around US$ 9.8 Bn by 2027.
Market Dynamics
Gradual increase in number of patients suffering from chronic osteoporosis and arthritis and increasing government spending on development of healthcare sector in order to facilitate the adoption of advanced device are major factors expected to drive the growth of global market.
According to U.S. Department of Health & Human Services in the United States, 23% of all adults, or more than 54 million people have arthritis. It is a leading cause of work disability. The annual direct medical costs are at least US$ 140 billion.
According to International Osteoporosis Foundation, Worldwide, osteoporosis causes more than 8.9 million fractures annually, resulting in an osteoporotic fracture every 3 seconds. Osteoporosis is estimated to affect 200 million women worldwide - approximately one-tenth of women aged 60, one-fifth of women aged 70, two-fifths of women aged 80 and two-thirds of women aged 90.
Substantial increase in number of inpatient related to road accidents resulting in demand for critical surgeries such as wrist, elbow, shoulder, etc. is expected to support the growth of target market. The National Highway Traffic Safety Administration reported an estimated 36,120 people died in motor vehicle traffic crashes in 2019, down 1.2% from 36,560 in 2018, even as travel rose 0.9% to 3.23 trillion miles.
Rising medical tourism in developing countries, increasing government expenditure on development of hospital infrastructure for the adoption of advanced medical devices, along with availability of favorable reimbursement policies are factors expected to impact the growth of target market.
Business development activities by major players in order Ito enhance the business presence and increase the customer base through strategic merger and acquisition is expected to augment the growth of target market.
In 2019, Smith & Nephew medical equipment manufacturing company acquired Brainlab Orthopaedic Joint Reconstruction Business with the focus to introduce robotics in foot and ankle surgery. This is expected to help the company to enhance the business presence and increase the product portfolio
In 2018, Stryker Corporation a medical technologies firm launched Stryker F1 a small bone power system for surgical procedures. The product offers balanced, cordless, and lightweight solution during critical procedures helping the company to attract new customers.
In 2017, Paragon 28, Inc. an orthopedic foot and ankle company launched Gorilla Lateral Column Plating System that help surgeons in the stabilization, fusion and fixation of the lateral column.
Increasing number of sports injuries is resulting in demand for surgeries related to ankle and toe is another factor expected to positively impact the growth of global small bone and joint devices market.
However, factors such as high cost of devices and stringent government regulation related to product approval are expected to hamper the growth of global small bone and joint devices market. In lack of advanced infrastructure for adoption of advanced devices in developing countries is expected to challenge the growth of target market.
Raid technological advancements by major players, high investment for R&D activities and introduction of low cost devices are factors expected to create new opportunities for players operating in the target market over the forecast period. In addition, increasing partnerships between regional and international players is expected to support the revenue growth of target market.
Segment Analysis by Region
The market in North America is expected to account for significant revenue share owing to increasing number of people suffering from chronic illness. In addition, availability of advanced infrastructure for R&D activities, high spending by major players for product development, along with introduction of innovative solution are factors expected to support the growth of target market. Moreover, rise in number of inpatients in hospitals related to road accidents and availability of favorable reimbursement policies will also drive the market.
Competitive Landscape
The global market is high highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition.
Report coverage
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Market
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Global Small Bone and Joint Devices Market
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Analysis Period
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2016 – 2027
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Base Year
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2019
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Forecast Data
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2020 – 2027
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Market Stratification
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Type, Application, End Use and Geography
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Regional Scope
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North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
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Report Coverage
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Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis
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Small Bone and Joint Devices Market Segment Analysis, 2019
The global market is segmented in to type, application and end use. The type segment is further bifurcated into shoulder reconstruction devices, elbow repair devices, foot and ankle, plate and screws, and others. Among the type the shoulder reconstruction devices is expected to account for major revenue share in target segment.
The application segment is divided in to foot and hand and the hand segment is expected to account for major revenue share in the target market.
The players profiled in the report are Acumed, LLC, Arthrex, Inc., Depuy Synthes, Smith & Nephew plc, DJO Global Inc., Flower Orthopedics, Stryker Corporation, Wright Medical Group, Zimmer Biomet Holdings, Inc., and Tecomet Inc.
Market Segmentation
Market By Type
Shoulder Reconstruction Devices
Elbow Repair Devices
Foot and Ankle
Plate and Screws
Others
Market By Application
Foot
Hand
- Thumb
- Wrist
- Elbow
- Shoulder
- Others
Market By End User
Hospitals
Home Care Settings
Others
Market By Region
North America
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest if Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Meddle East & Africa
CHAPTER 1. Industry Overview of Small Bone and Joint Devices
1.1. Definition and Scope
1.1.1. Definition of Small Bone and Joint Devices
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Small Bone and Joint Devices Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Small Bone and Joint Devices Market By Type
1.2.3. Small Bone and Joint Devices Market By Application
1.2.4. Small Bone and Joint Devices Market By End User
1.2.5. Small Bone and Joint Devices Market by Regions
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Source
2.2.1. Secondary Sources
2.2.2. Primary Sources
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restrain 1
3.2.2. Restrain 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Market Concentration Ratio and Market Maturity Analysis of Small Bone and Joint Devices Market
3.5.1. Go To Market Strategy
3.5.1.1. Introduction
3.5.1.2. Growth
3.5.1.3. Maturity
3.5.1.4. Saturation
3.5.1.5. Possible Development
3.6. Technological Roadmap for Small Bone and Joint Devices Market
3.7. Value Chain Analysis
3.8. Cost Structure Analysis
3.8.1. Proportion of Manufacturing Cost Structure
3.8.1.1. Raw Material
3.8.1.2. Labor Cost
3.8.1.3. Manufacturing Expense
3.9. Regulatory Compliance
3.10. Competitive Landscape, 2019
3.10.1. Player Positioning Analysis
3.10.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Manufacturing Plant Analysis
4.1. Manufacturing Plant Location and Establish Date of Major Manufacturers in 2019
4.2. R&D Status and Application Source of Small Bone and Joint Devices Major Manufacturers in 2019
CHAPTER 5. Small Bone and Joint Devices Market By Type
5.1. Introduction
5.2. Small Bone and Joint Devices Revenue By Type
5.2.1. Small Bone and Joint Devices Revenue (US$ Mn) and Forecast, By Type, 2016-2027
5.2.2. Shoulder Reconstruction Devices
5.2.2.1. Shoulder Reconstruction Devices Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.3. Elbow Repair Devices
5.2.3.1. Elbow Repair Devices Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.4. Foot and Ankle
5.2.4.1. Foot and Ankle Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.5. Plate and Screws
5.2.5.1. Plate and Screws Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.6. Others
5.2.6.1. Others Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 6. Small Bone and Joint Devices Market Revenue By Application
6.1. Introduction
6.2. Small Bone and Joint Devices Revenue (US$ Mn) By Application
6.2.1. Small Bone and Joint Devices Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
6.2.2. Foot
6.2.2.1. Foot Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.2.2. Ankle
6.2.2.3. Toe
6.2.3. Hand
6.2.3.1. Hand Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.3.2. Thumb
6.2.3.3. Wrist
6.2.3.4. Elbow
6.2.3.5. Shoulder
6.2.3.6. Others
CHAPTER 7. Small Bone and Joint Devices Market By End User
7.1. Introduction
7.2. Small Bone and Joint Devices Revenue (US$ Mn) By End User
7.2.1. Small Bone and Joint Devices Revenue (US$ Mn) and Forecast By End User, 2016 - 2027
7.2.2. Hospitals
7.2.2.1. Hospitals Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.2.3. Home Care Settings
7.2.3.1. Home Care Settings Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.2.4. Others
7.2.4.1. Others Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 8. North America Small Bone and Joint Devices Market By Country
8.1. North America Small Bone and Joint Devices Overview
8.2. U.S.
8.2.1. U.S. Small Bone and Joint Devices Market Revenue (US$ Mn) and Forecast By Type, 2016-2027
8.2.2. U.S. Small Bone and Joint Devices Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
8.2.3. U.S. Small Bone and Joint Devices Market Revenue (US$ Mn) and Forecast By End User, 2016-2027
8.3. Canada
8.3.1. Canada Small Bone and Joint Devices Market Revenue (US$ Mn) and Forecast By Type, 2016-2027
8.3.2. Canada Small Bone and Joint Devices Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
8.3.3. Canada Small Bone and Joint Devices Market Revenue (US$ Mn) and Forecast By End User, 2016-2027
8.4. North America PEST Analysis
CHAPTER 9. Europe Small Bone and Joint Devices Market By Country
9.1. Europe Small Bone and Joint Devices Market Overview
9.2. U.K.
9.2.1. U.K. Small Bone and Joint Devices Market Revenue (US$ Mn) and Forecast By Type, 2016-2027
9.2.2. U.K. Small Bone and Joint Devices Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.2.3. U.K. Small Bone and Joint Devices Market Revenue (US$ Mn) and Forecast By End User, 2016-2027
9.3. Germany
9.3.1. Germany Small Bone and Joint Devices Market Revenue (US$ Mn) and Forecast By Type, 2016-2027
9.3.2. Germany Small Bone and Joint Devices Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.3.3. Germany Small Bone and Joint Devices Market Revenue (US$ Mn) and Forecast By End User, 2016-2027
9.4. France
9.4.1. France Small Bone and Joint Devices Market Revenue (US$ Mn) and Forecast By Type, 2016-2027
9.4.2. France Small Bone and Joint Devices Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.4.3. France Small Bone and Joint Devices Market Revenue (US$ Mn) and Forecast By End User, 2016-2027
9.5. Spain
9.5.1. Spain Small Bone and Joint Devices Market Revenue (US$ Mn) and Forecast By Type, 2016-2027
9.5.2. Spain Small Bone and Joint Devices Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.5.3. Spain Small Bone and Joint Devices Market Revenue (US$ Mn) and Forecast By End User, 2016-2027
9.6. Rest of Europe
9.6.1. Rest of Europe Small Bone and Joint Devices Market Revenue (US$ Mn) and Forecast By Type, 2016-2027
9.6.2. Rest of Europe Small Bone and Joint Devices Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.6.3. Rest of Europe Small Bone and Joint Devices Market Revenue (US$ Mn) and Forecast By End User, 2016-2027
9.7. Europe PEST Analysis
CHAPTER 10. Asia Pacific Small Bone and Joint Devices Market By Country
10.1. Asia Pacific Small Bone and Joint Devices Market Overview
10.2. China
10.2.1. China Small Bone and Joint Devices Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
10.2.2. China Small Bone and Joint Devices Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.2.3. China Small Bone and Joint Devices Market Revenue (US$ Mn) and Forecast By End User, 2016 - 2027
10.3. Japan
10.3.1. Japan Small Bone and Joint Devices Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
10.3.2. Japan Small Bone and Joint Devices Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.3.3. Japan Small Bone and Joint Devices Market Revenue (US$ Mn) and Forecast By End User, 2016 - 2027
10.4. India
10.4.1. India Small Bone and Joint Devices Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
10.4.2. India Small Bone and Joint Devices Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.4.3. India Small Bone and Joint Devices Market Revenue (US$ Mn) and Forecast By End User, 2016 - 2027
10.5. Australia
10.5.1. Australia Small Bone and Joint Devices Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
10.5.2. Australia Small Bone and Joint Devices Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.5.3. Australia Small Bone and Joint Devices Market Revenue (US$ Mn) and Forecast By End User, 2016 - 2027
10.6. South Korea
10.6.1. South Korea Small Bone and Joint Devices Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
10.6.2. South Korea Small Bone and Joint Devices Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.6.3. South Korea Small Bone and Joint Devices Market Revenue (US$ Mn) and Forecast By End User, 2016 - 2027
10.7. Rest of Asia-Pacific
10.7.1. Rest of Asia-Pacific Small Bone and Joint Devices Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
10.7.2. Rest of Asia-Pacific Small Bone and Joint Devices Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.7.3. Rest of Asia-Pacific Small Bone and Joint Devices Market Revenue (US$ Mn) and Forecast By End User, 2016 - 2027
10.8. Asia Pacific PEST Analysis
CHAPTER 11. Latin America Small Bone and Joint Devices Market By Country
11.1. Latin America Small Bone and Joint Devices Market Overview
11.2. Brazil
11.2.1. Brazil Small Bone and Joint Devices Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
11.2.2. Brazil Small Bone and Joint Devices Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
11.2.3. Brazil Small Bone and Joint Devices Market Revenue (US$ Mn) and Forecast By End User, 2016 - 2027
11.3. Mexico
11.3.1. Mexico Small Bone and Joint Devices Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
11.3.2. Mexico Small Bone and Joint Devices Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
11.3.3. Mexico Small Bone and Joint Devices Market Revenue (US$ Mn) and Forecast By End User, 2016 - 2027
11.4. Rest of Latin America
11.4.1. Rest of Latin America Small Bone and Joint Devices Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
11.4.2. Rest of Latin America Small Bone and Joint Devices Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
CHAPTER 12. Middle East & Africa Small Bone and Joint Devices Market By Country
12.1. Middle East & Africa Small Bone and Joint Devices Market Overview
12.2. Saudi Arabia
12.2.1. Saudi Arabia Small Bone and Joint Devices Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
12.2.2. Saudi Arabia Small Bone and Joint Devices Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
12.2.3. Saudi Arabia Small Bone and Joint Devices Market Revenue (US$ Mn) and Forecast By End User, 2016 - 2027
12.3. UAE
12.3.1. UAE Small Bone and Joint Devices Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
12.3.2. UAE Small Bone and Joint Devices Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
12.3.3. UAE Small Bone and Joint Devices Market Revenue (US$ Mn) and Forecast By End User, 2016 - 2027
12.4. Rest of Middle East & Africa
12.4.1. Rest of Middle East & Africa Small Bone and Joint Devices Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
12.4.2. Rest of Middle East & Africa Small Bone and Joint Devices Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
12.4.3. Rest of Middle East & Africa Small Bone and Joint Devices Market Revenue (US$ Mn) and Forecast By End User, 2016 - 2027
CHAPTER 13. PLAYER ANALYSIS OF STROKE MANAGEMENT
13.1. Small Bone and Joint Devices Market Company Share Analysis
13.2. Mergers And Acquisition In Global Small Bone and Joint Devices Market
CHAPTER 14. COMPANY PROFILE
14.1. Acumed, LLC
14.1.1. Company Snapshot
14.1.2. Business Overview
14.1.3. Financial Overview
14.1.3.1. Revenue (US$ Mn), 2019
14.1.3.2. Acumed, LLC 2019 Small Bone and Joint Devices Business Regional Distribution
14.1.4. Product/ Service and Specification
14.1.5. Manufacturing Plant Footprint Analysis
14.2. Arthrex, Inc.
14.3. Depuy Synthes
14.4. Smith & Nephew plc
14.5. DJO Global Inc.
14.6. Flower Orthopedics
14.7. Stryker Corporation
14.8. Wright Medical Group
14.9. Zimmer Biomet Holdings, Inc.
14.10. Tecomet Inc.
14.11. Others
![Small Bone and Joint Devices Market (By Type: Shoulder Reconstruction Devices, Elbow Repair Devices, Foot and Ankle, Plate and Screws, Others; By Application: Foot [Ankle, Toe], Hand [Thumb, Wrist, Elbow, Shoulder, Others]; by End User: Hospitals, Home Care Settings, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027](assets/images/format-png.png "Small Bone and Joint Devices Market (By Type: Shoulder Reconstruction Devices, Elbow Repair Devices, Foot and Ankle, Plate and Screws, Others; By Application: Foot [Ankle, Toe], Hand [Thumb, Wrist, Elbow, Shoulder, Others]; by End User: Hospitals, Home Care Settings, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027")
