Transparency Market Research

Innovative Product Launches Will Enable Global Small Bone and Joint Orthopedic Devices Market to Reach US$8.2 Bn by 2023

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


Albany, NY -- (SBWIRE) -- 12/10/2015 -- Transparency Market Research has published a new market report titled, "Small Bone and Joint Orthopedic Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2023." According to the report, the global small bone and joint orthopedic devices market was valued at US$4.1 bn in 2014 and is anticipated to expand at a CAGR of 8.1% from 2015 to 2023 to reach US$8.2 bn in 2023.

Browse the full Small Bone and Joint Orthopedic Devices Market: (Device Type: Fracture Fixation and Replacement Systems, Plates and Screws, External Fixation Devices, and Joint Prosthesis; Application: Foot, Ankle, Toe, Hand, Thumb, Wrist, Elbow, Shoulder, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2023 report at

Technological advances, in addition to offering innovative medical devices, have made the treatment process easier for surgeons. Implant materials have played a crucial role in the successful functioning of the medical device in the human body. Tissue formation initiates after implantation of the device, further assisting in the healing process. Tissue formation is, however, restricted due to biofilm formation and other infections. If not treated, the infection can spread to other parts of the body. Coating on the implants such as osteoconductive coating and hydroxyapatite (HA) coating guides the bone growth and reduces the risk of implant failure, respectively. Surgical procedures on small bone and joints could be difficult due to anatomical complexity and disposition. Hence, various devices, such as Re-motion Total Wrist System by Small Bone Innovations (SBi), have been designed to assist in these intricate procedures. Several key players are working toward providing solutions to eradicate impairments of small bone and joint.

Companies including Stryker, Zimmer Biomet Holdings, DePuy Synthes, and Arthrex offer a range of resorbable orthopedic implants such as pins, screws, and plates. Silicon nitride implants are next generation implants that have several beneficial properties. Silicon nitride is hydrophilic in nature and promotes bone growth and reduces bacterial growth, avoiding biofilm formation. The material is also partially radiolucent and is magnetic resonance imaging (MRI) safe. Carbon fiber implants are innovative implants that provide better strength and fracture imaging, wherein fracture line is clearly visible behind the implant in the X-ray. Carbon fiber screws and plates can also be loaded with radiopaque markers for visibility. CarboFix and Tornier are the key players offering carbon fiber orthopedic implants.

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The global market for small bone and joint orthopedic devices has been studied from the perspective of widely used orthopedic devices and number of procedures particularly for upper and lower extremities. The report provides a detailed analysis of small bone and joint orthopedic devices for applications comprising feet, ankle, toe, hand, wrist, elbow, and shoulders. The device type segment includes fracture fixation and replacement systems, plates and screws, external fixation devices, and joint prosthesis. Fracture fixation and replacement systems was the largest segment of the market in 2014. The segment was valued at US$ 1,596.3 Mn in 2014 and is projected to reach US$ 3,235.4 Mn by 2023, expanding at a CAGR of 8.0% from 2015 to 2023. External fixation devices was the fastest growing segment of the market in 2014, expanding at a CAGR of 8.2% from 2015 to 2023.

Acumed LLC, Arthrex, Inc., DJO Global, Flower Orthopedics, DePuy Synthes, Smith & Nephew plc, Stryker Corporation, Tecomet, Inc., Wright Medical Group N.V., Zimmer Biomet Holdings, Inc., and Z-Medical GmbH + Co. KG. are the major players operating in the small bone and joint orthopedic devices market. Market players such as DePuy Synthes, Zimmer Biomet, Stryker Corporation, Smith & Nephew, and Wright Medical Group N.V. dominated the global market in 2014. Product differentiation would enable companies to stay competent in this market. Hence, companies operating in this market are recommended to focus on developing innovative technologies that improve accuracy and safety of the products reaching patients.

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The global small bone and joint orthopedic devices market has been segmented as follows:

Global Small Bone and Joint Orthopedic Devices Market, by Device Type
Fracture Fixation and Replacement Systems
Plates and Screws
External Fixation Devices
Joint Prosthesis

Global Small Bone and Joint Orthopedic Devices Market, by Application
Foot (including ankle, toe and lower extremities)
Hand (including thumb, wrist and elbow)

Global Small Bone and Joint Orthopedic Devices Market, by Geography
North America
United Kingdom
Rest of Europe
Asia Pacific
South Korea
Rest of Asia Pacific
Rest of the World
Latin America (LATAM)
Middle East and Africa (MEA)

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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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