Pediatric Orthopedic Implants Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type (Hip Implants, Spine Implants, Knee Implants, Dental Implants, Craniomaxillofacial Implants, and Others), Application (Trauma and Deformities, Broken Bones, Bone and Joint Infections, Spinal Deformities, and Others), End User (Hospitals, Pediatric Clinics, and Others), and Geography (North America, Europe, Asia Pacific, and South and Central America)
The pediatric orthopedic implants market was valued at US$ 3,812.77 million in 2022 and is expected to reach US$ 8,502.17 million by 2030; it is estimated to record a CAGR of 10.5% from 2022 to 2030. The pediatric orthopedic implants market growth is primarily driven by the increasing incidence of sports injuries, orthopedic birth deformities and growing adoption of advanced medical devices.
Unmet Needs of Pediatric Orthopedic Patients Opportunity for Pediatric Orthopedic Implants Market Growth
Key players operating in the pediatric orthopedic implant market are engaged in developing and commercializing innovative products and technologies specifically designed to address the unmet clinical needs of pediatric orthopedic patients and satisfy the demands of orthopedic surgeons. Osteogenesis imperfecta (OI) is a genetic bone disorder anis d treated with rods of fixed lengths. However, telescopic implants can extend as the child grows, reducing the number of surgeries they need. These implants result in an improved quality of life for children with skeletal deformities of long bones. Further, the ability to manufacture and provide customized orthopedic implants by using 3D printing technology in personalized medicine has broadened the applications of these products.
Health expenditures in developing countries rise with the increase in the burden of different diseases. Thus, government initiatives to improve healthcare infrastructure to support modern orthopedic practices in response to an upsurge in the prevalence of bone deformities among children are likely to create significant opportunities for major players in the pediatric orthopedic implants market
Type-Based Insights
The pediatric orthopedic implants market, by product type, is bifurcated into hip implants, spine implants, knee implants, dental implants, craniomaxillofacial implants, and others. The hip implants segment held a larger pediatric orthopedic implants market share in 2022 however, knee implants segment is anticipated to register a higher CAGR of 11.3% during the forecast period.
Application-Based Insights
The pediatric orthopedic implants market, by application, is segment into trauma and deformities, broken bones, bone and joint infection, spinal deformities, and others. The trauma and deformities segment held a largest market share in 2022 and same segment is anticipated to register a highest CAGR of 11.0% during the forecast period.
End User-Based Insights
The pediatric orthopedic implants market, by end user, is segment into hospitals, pediatric clinics, and others. The hospitals segment held a largest market share in 2022 and same segment is anticipated to register a highest CAGR of 10.9% during the forecast period.
A few of the major primary and secondary sources referred to while preparing the report on the pediatric orthopedic implants market are the World Health Organization (WHO), Centers for Disease Control and Prevention (CDC), American Academy of Pediatrics (AAP), European Medicines Agency (EMA), The Pan American Health Organization (PAHO), European Platform on Rare Disease Registration, National Safety Council, Organization for Economic Co-operation and Development (OECD)
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1.1 The Insight Partners Research Report Guidance. 22