The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per The Business Research Company’s Pediatric Orthopedic Implants Global Market Report 2023, the pediatric orthopedic implants market is expected to show significant growth in the forecast period.

Key insights from the pediatric orthopedic implants market forecast include:

1. Market Size

The global pediatric orthopedic implants market is projected to increase from $1.54 billion in 2022 to $1.71 billion in 2023, with a 10.9% CAGR. By 2027, the pediatric orthopedic implants market is anticipated to reach $2.47 billion at a 9.7% CAGR.

2. Major Driver

The rising child population is expected to drive the pediatric orthopedic implants market. Children are individuals in their early developmental stages before reaching maturity. Pediatric orthopedic implants offer benefits such as pain reduction, swelling and inflammation alleviation, and assistance with limb mobility. For instance, a report from the UK’s Office for National Statistics in August 2022 showed 624,828 live births in England and Wales in 2021, a 1.8% increase from 613,936 in 2020. Hence, the expanding child population fuels the pediatric orthopedic implants market.

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3. Key Trend

Innovations in product development are a prominent trend in the pediatric orthopedic implants market. Leading companies are introducing new products to maintain their market position. For example, in September 2021, Orthofix Medical, a US-based medical firm, launched the fit bone limb-lengthening system’s pediatric implant. The system, available in 9mm, 11mm, and 13mm diameters, is the sole intramedullary limb lengthening solution approved by the U.S. Food and Drug Administration (FDA) for use in both children and adults. Furthermore, it is now compatible with the OrthoNext digital platform’s reverse planning module, allowing for more precise preoperative assessments.

4. Largest Region

North America was the largest region in the pediatric orthopedic implants market in 2022.

5. Major Players

Major players in the pediatric orthopedic implants market are Medtronic Plc., Stryker Corporation, B. Braun SE, DePuy Synthes, Zimmer Biomet, Smithy & Nephew Plc., Arthrex Inc., NuVasive Inc., DJO Global, CONMED Corporation, Globus Medical, Orthofix Medical Inc., Wittenstein intens GmbH, Corin Group, OrthoPediatrics Corporation, SI-BONE Inc., FH Orthopedics, Baumer S.A., Acumed, Merete Medical GmbH, JRI Orthopedics Limited, GPC Medical Ltd., Samay Surgical, Auxein Inc., Wishbone Medical Inc., Waldemar Link GmbH & Co. KG, Implantcast GmbH, Bioretec Ltd., Suhradam Ortho, and Vast Ortho.

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Key Pediatric Orthopedic Implants Market Segments
The global pediatric orthopedic implants market is segmented –
1) By Type: Hip Implants, Spine Implants, Knee Implants, Dental Implants, Craniomaxillofacial Implants, Other Types
2) By Application: Birth Deformities, Limping, Broken Bones, Bone And Joint Infection, Spinal Deformities, Other Applications
3) By End User: Hospitals, Pediatric Clinics, Other End Users

The Pediatric Orthopedic Implants Global Market Report 2023  provides an in-depth analysis on the pediatric orthopedic implants market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the pediatric orthopedic implants market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Orthopedic Biomaterials Global Market Report 2023
Orthopedic Prosthetics Global Market Report 2023
Orthopedic Devices Global Market Report 2023

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