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The orthopedic accessories market has displayed consistent growth, increasing from $3.36 billion in 2023 to $3.48 billion in 2024 at a steady compound annual growth rate (CAGR) of 3.5%. Anticipated to maintain its upward trajectory, the market is projected to reach $3.92 billion in 2028, with a CAGR of 3.0%. This blog delves into the factors driving the market’s growth, major trends, and noteworthy advancements in orthopedic devices.

Rising Incidences of Road and Sports Accidents Propel Market Growth
Impact of Accidents

• Increased incidents of road and sports accidents contribute to the growth of the orthopedic accessories market.
• Probability of bone and muscle tissue injuries in accidents necessitates orthopedic accessories for support and treatment.

WHO and Stanford Children’s Health Statistics

• According to the World Health Organization (WHO), 20-50 million people globally suffer non-fatal injuries annually due to road accidents.
• Stanford Children’s Health reports over 3.5 million children aged 14 or younger sustain injuries through sports or recreational activities each year.

Orthopedic Accessories Role

• Accessories like arm support, knee braces, and hip support provide crucial support to injured tissues, aiding in immobilization and healing.
• Bone cement and casting systems assist in joining broken bones and filling voids, driving demand in the orthopedic accessories market.

Introduction of Advanced Orthopedic Devices
Focus on Technological Advancements

• Major companies emphasize advanced product launches for orthopedic surgical planning.
• Fully autonomous systems, such as Stryker Corporation’s Ortho Q Guidance system, enhance procedural speed and efficiency.

Stryker’s Ortho Q Guidance System

• Launched in July 2023, the Ortho Q Guidance system is the industry’s only fully autonomous system.
• Combines optical tracking options with advanced algorithms for surgical planning and guidance capabilities.
• Enhances procedural speed through a smart, streamlined workflow.

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Conventus Orthopedics’ Strategic Acquisition for Infection Control
Addressing Infection Risks

• Conventus Orthopedics acquires Flower Orthopedics to enhance infection control measures.
• Acquisition addresses concerns related to viral and infection risks associated with heavy reusable orthopedic implant trays.

Flower Orthopedics’ Expertise

• Flower Orthopedics is a US-based manufacturer specializing in single-use implant and instrument kits.
• Acquisition provides Conventus with a strategic solution to infection risks in orthopedic procedures.

Market Segmentation and Regional Dominance
Market Segmentation

1. By Type:
   • Bone Cement
   • Casting System
   • Removal System
2. By Application:
   • Hip
   • Knee
   • Spine
3. By End User:
   • Hospital
   • Orthopedic Clinic
   • Trauma Fixation Center

Regional Dominance

• In 2023, North America emerged as the largest region in the global orthopedic accessories market.
• The region’s advanced healthcare infrastructure and prevalence of orthopedic clinics contribute to market leadership.

Future Trends in Orthopedic Accessories Market
Smart Orthopedic Accessories

• Growing trend towards smart orthopedic accessories.
• Integration of technology for improved functionality and patient engagement.

Eco-Friendly Materials

• Increasing emphasis on eco-friendly materials in orthopedic accessories.
• Aligning with sustainable practices for reduced environmental impact.

Patient Engagement

• Rising focus on patient engagement in orthopedic care.
• Incorporation of technologies to enhance patient involvement in treatment plans.

Tele-Rehabilitation and Remote Monitoring

• Increasing adoption of tele-rehabilitation and remote monitoring in orthopedic care.
• Provides accessibility and convenience for patients undergoing rehabilitation.

Conclusion
In conclusion, the orthopedic accessories market is on a trajectory of steady growth, driven by factors such as the rising incidence of road and sports accidents, technological advancements, and strategic acquisitions for infection control. The introduction of advanced orthopedic devices, including fully autonomous systems, showcases the industry’s commitment to innovation. As the market continues to evolve, trends like smart orthopedic accessories and the use of eco-friendly materials indicate a focus on enhancing patient outcomes and sustainability. With a diverse range of applications and end-users, the orthopedic accessories market remains a dynamic and vital component of the healthcare industry.

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