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Small Bone and Joint Orthopedic Devices Market - Global Industry Analysis and Forecast 2014 - 2020

Transparency Market Research Report Added "Small Bone and Joint Orthopedic Devices Market" to its database.


Albany, NY -- (SBWIRE) -- 04/13/2015 -- Bones form the rigid framework of the human body that allows for movement for activities and protection of the internal organs from external physical damage. The movement among these bones and joints are highly complex and require the assistance of various other tissues including tendons, ligaments and associated muscles. Orthopedic surgeons replace a large number of large bones easily and readily as the traditional practice has been in existence since ancient times. However joints form a section of bone junction that observes a large amount of physical excursion along with copious amount of wear and tear. Besides gradual wear and tear, fractures calls for a large amount orthopedic implants that assist in bone healing. Minute joint bone healing implants are placed in highly complex fractures to speed up the healing process in a patient. Joint replacement surgeries (arthroplasty) are not novel concepts; however joints include miniature parts and facets that require high tensile and sheer strength, which in turn asks for a higher quality material. Metals were used earlier as they are generally easily malleable and can sustain high sheer strain/stress. These along with their anti corrosive properties have lead to a huge market for joint parts. However the disadvantage of metal parts is their increased weight, the heavy parts translates to restricted movements and difficulty in maintaining co ordination. Ceramic materials and carbon fiber implants have reduced the disadvantages of heavy metal alloys, but on the other hand increased the cost of manufacture. Companies nowadays offer both the categories as of now to patients requiring joint replacement or small bone support. Army men, children with deformities and sports persons account for the largest consumer segment in joint and small bone orthopedic support market. Geriatric patients form the other market for joint and hip replacement surgeries in the world. Osteoporosis, worn out joints, decreased bone and overall healing rate and increased injury due to lack of coordination among the elderly, are the major reason for fractures and consequent orthopedic surgery.

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In the U.S itself more than 800 thousand joint and hip replacement surgeries were conducted as of 2004, according to a research survey conducted by the integrated healthcare association (IHA). According to the 2012 American Association of Orthopedic Surgeons census, arthroscopy forms the largest practice among orthopedic surgeons at 38% of the total practices. This is followed by the adult knee replacement at 37%, sports medicine at 36% and total joint replacement at 17%. In the U.S a majority of the practitioners belong to the private practice setting, followed y the academic and military services. In the military itself, a majority of practitioners are orthopedic surgeons and general practitioners. Globally orthopedic services form a large fraction of medical practice, however the number of arthroscopy specialists vary from region to region depending upon practice. European and developed countries in the world almost follow a similar pattern as the U.S. However in developing countries the majority of the joint and small bone fracture consumer market belongs to the geriatric population, childhood bone deformities are too expensive procedures and are performed among the few high income sections of the societies. A majority of the orthopedic services in this region therefore specifically target the elderly population and provide long term care for this segment.

Some companies manufacturing small bone and joint orthopedic devices include: Aesculap USA (division of B Braun Melsungen AG), Acumed LLC, Smith & Nephew PLC, Zimmer Holdings Inc., Tornier Inc., Wright Medical Group Inc., Covidien PLC, Stryker Corporation, Biomet Inc., etc to name a few.

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This research report analyses this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include

- North America
- Asia Pacific
- Europe
- Rest of the World

This report provides comprehensive analysis of

- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porters five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

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