세계의 정형외과용 기구 시장(2024-2031년)

Report Overview

The Global Orthopedic Appliances Market reached US$ 44.2 billion in 2023 and is expected to reach US$ 67.13 billion by 2031, growing at a CAGR of 5.5% during the forecast period 2024-2031.

The devices used to maintain support, alignment, and correction of problems within the musculoskeletal system are called orthopedic appliances. Their main functions are providing stability, improving function, and relieving pain experienced by people suffering from orthopedic disorders or injuries. The role of these devices is to ensure that patients can move about freely again after being injured, so they can regain their physical power and an enhanced way of living in general.

There are several benefits of orthopaedic appliances for example, they bring an increase in comfort and a person can move better which then also helps in decreasing the further probability of injury. They are also useful for the treatment of lost function and they can work to prevent the need for operations and act as a means of the rehabilitation process. Besides, they are purposely made appliances that can be tailored to the specific requirements of each patient.

Market Dynamics: Drivers

Increase in geriatric population

The demand for the global orthopedic appliances market is driven by multiple factors. The increase in the geriatric population propels the market growth.

Furthermore, the demand for treatment will be fueled by the increasing number of injuries due to accidents and the increase in technological advancements. For instance, according to WHO, by 2030, 1 in 6 people in the world will be aged 60 years or over. At this time the share of the population aged 60 years and over will increase from 1 billion in 2020 to 1.4 billion. By 2050, the world's population of people aged 60 years and older will double (2.1 billion). The number of persons aged 80 years or older is expected to triple between 2020 and 2050 to reach 426 million.

In 2050, 80% of older people will be living in low- and middle-income countries. In 2020, the number of people aged 60 years and older outnumbered children younger than 5 years. Between 2015 and 2050, the proportion of the world's population over 60 years will nearly double from 12% to 22%. By 2050, two-thirds of the world's population over 60 years will live in low- and middle-income countries.

Restraints

Factors such as high costs associated with appliances, and stringent regulatory requirements for the approval of new treatments are expected to hamper the market.

Market Segment Analysis

The global orthopedic appliances market is segmented based on appliance type, material used, end-user, and region.

The knee bracing and support systems segment accounted for approximately 42.1% of the global orthopedic appliances market share

The knee bracing and support systems segment is expected to hold the largest market share over the forecast period. In this segment, the increasing number of knee injuries, and technological advancements would drive this market.

Knee injury accounts for 41% of all sports injuries. For instance, according to nih.gov, 228,344 knee injuries were diagnosed over the 20-year analysis period. Significantly rising annual incidences were observed for total knee injuries, anterior cruciate ligament (ACL) injuries, and knee contusions in males and females. Posterior cruciate ligament (PCL) injuries and knee dislocations were also rising in females, but not males. Greater annual growth rates were observed for females compared to males for total knee injuries, knee contusions, PCL injuries, and knee dislocations. Demographic analysis revealed that the highest annual growth rate in injury incidence (10.4%) was observed for ACL injuries in females aged 5-14 years old.

Market Geographical Analysis

North America accounted for approximately 41.7% of the global orthopedic appliances market share

North America region is expected to hold the largest market share over the forecast period. The rising number of injuries, increase in geriatric population, and growing awareness among people, in this region, help to propel the market.

For an instance, according to prb.org, the number of Americans ages 65 and older is projected to increase from 58 million in 2022 to 82 million by 2050 (a 47% increase), and the 65-and-older age group's share of the total population is projected to rise from 17% to 23%. The number of Americans ages 65 and older will more than double over the next 40 years, reaching 80 million in 2040. The number of adults ages 85 and older, the group most often needing help with basic personal care, will nearly quadruple between 2000 and 2040. By 2040, about one in five Americans will be age 65 or older, up from about one in eight in 2000.

For an instance, in June 2024, McDavid launched the NRG knee brace line with a joint assistance hinge system. This hinge technology is a game-changing recovery solution by storing energy when flexed and rebounding with the body's natural movement, it reduces stress on knees by up to 25%.

Market Segmentation

By Appliance Type

Head Gear

Chin Cup

Knee Bracing and Support Systems

Spinal Orthosis Systems

Upper Extremity Bracing and Support Systems

Ankle Bracing System

By Material Used

Neoprene

Metallic Alloys

Ceramics

Acrylic Materials

Foam

Others

By End-User

Hospitals

Specialty Clinics

Others

By Region

North America

U.S.

Canada

Mexico

Europe

Germany

U.K.

France

Spain

Italy

Rest of Europe

South America

Brazil

Argentina

Rest of South America

Asia-Pacific

China

India

Japan

South Korea

Rest of Asia-Pacific

Middle East and Africa

Market Competitive Landscape

The major global players in the global orthopedic appliances market include Stryker Corporation, Enovis Corporation, Aspen Medical Products, Cook Medical, Johnson & Johnson Services Inc., Medacta International, Medtronic, Osseon Therapeutics, Smith and Nephew Plc., and Zimmer Biomet among others.

Key Developments

In October 2023, Aspen Medical Products (Aspen) launched the VRTX System which is the first fully integrated spinal support system on the market for post-operative and trauma care. The VRTX System is the first-ever cervical-to-sacrum system designed to redefine spinal care in acute care settings.

In April 2023, Moximed, a medical device company on a mission to improve the standard of care for people with knee osteoarthritis (OA), announced that the U.S. Food and Drug Administration (FDA) granted marketing authorization for the MISHA(TM) Knee System, an implantable shock absorber (ISA) for the knee. The MISHA Knee System is indicated to treat people with medial knee OA who failed to find relief from non-surgical or surgical treatment, continue to experience pain that interferes with daily activities, and are ineligible for, or unwilling to undergo, joint replacement due to age or absence of advanced OA.

In January 2024, Enovis(TM) Corporation, an innovation-driven medical technology growth company, announced that its, DJO LLC subsidiary has launched its new DonJoy(R) ROAM(TM) OA knee brace for patients with osteoarthritis or other knee pain and instability.

Why Purchase the Report?

To visualize the global orthopedic appliances market segmentation based on appliance type, material used, end-user, and region as well as understand key commercial assets and players.

Identify commercial opportunities by analyzing trends and co-development

Excel data sheet with numerous data points of global orthopedic appliances market level with all segments.

PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.

Product mapping is available in Excel consisting of key products of all the major players.

The global orthopedic appliances market report would provide approximately 51 tables, 54 figures, and 181 Pages.

Target Audience 2024

Manufacturers/ Buyers

Industry Investors/Investment Bankers

Research Professionals

Emerging Companies

Table of Contents

1. Methodology and Scope

• 1.1. Research Methodology
• 1.2. Research Objective and Scope of the Report

2. Definition and Overview

3. Executive Summary

• 3.1. Snippet by Appliance Type
• 3.2. Snippet by Material Used
• 3.3. Snippet by End-User
• 3.4. Snippet by Region

4. Dynamics

• 4.1. Impacting Factors
  • 4.1.1. Drivers
    • 4.1.1.1. Increase in Geriatric Population
    • 4.1.1.2. Rising Number of Injuries
    • 4.1.1.3. Technological Advancements
• 4.2. Restraints
  • 4.2.1. Hight Cost of Appliance
  • 4.2.2. Stringent Regulatory Requirements
• 4.3. Opportunity
• 4.4. Impact Analysis

5. Industry Analysis

• 5.1. Porter's Five Force Analysis
• 5.2. Supply Chain Analysis
• 5.3. Pricing Analysis
• 5.4. Regulatory Analysis
• 5.5. Unmet Needs
• 5.6. PESTEL Analysis
• 5.7. Patent Analysis
• 5.8. SWOT Analysis

6. By Appliance Type

• 6.1. Introduction
  • 6.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Appliance Type
  • 6.1.2. Market Attractiveness Index, By Appliance Type
• 6.2. Head Gear*
  • 6.2.1. Introduction
  • 6.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
• 6.3. Chin Cap
• 6.4. Knee Bracing and Support System
• 6.5. Spinal Orthosis Systems
• 6.6. Upper Extremity Bracing and Support Systems
• 6.7. Ankle Bracing System
• 6.8. Others

7. By Material Used

• 7.1. Introduction
  • 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material used
  • 7.1.2. Market Attractiveness Index, By Material Used
• 7.2. Neoprene*
  • 7.2.1. Introduction
  • 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
• 7.3. Metallic Alloys
• 7.4. Ceramics
• 7.5. Acrylic Materials
• 7.6. Foam
• 7.7. Congenital CMV infection
• 7.8. Others

8. By End-User

• 8.1. Introduction
  • 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
  • 8.1.2. Market Attractiveness Index, By End-User
• 8.2. Hospitals*
  • 8.2.1. Introduction
  • 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
• 8.3. Specialty Clinics
• 8.4. Others

9. By Region

• 9.1. Introduction
  • 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
  • 9.1.2. Market Attractiveness Index, By Region
• 9.2. North America
  • 9.2.1. Introduction
  • 9.2.2. Key Region-Specific Dynamics
  • 9.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Appliance Type
  • 9.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material Used
  • 9.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
  • 9.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 9.2.6.1. U.S.
    • 9.2.6.2. Canada
    • 9.2.6.3. Mexico
• 9.3. Europe
  • 9.3.1. Introduction
  • 9.3.2. Key Region-Specific Dynamics
  • 9.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Appliance Type
  • 9.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material Used
  • 9.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
  • 9.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 9.3.6.1. Germany
    • 9.3.6.2. UK
    • 9.3.6.3. France
    • 9.3.6.4. Italy
    • 9.3.6.5. Spain
    • 9.3.6.6. Rest of Europe
• 9.4. South America
  • 9.4.1. Introduction
  • 9.4.2. Key Region-Specific Dynamics
  • 9.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Appliance Type
  • 9.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material Used
  • 9.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
  • 9.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 9.4.6.1. Brazil
    • 9.4.6.2. Argentina
    • 9.4.6.3. Rest of South America
• 9.5. Asia-Pacific
  • 9.5.1. Introduction
  • 9.5.2. Key Region-Specific Dynamics
  • 9.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Appliance Type
  • 9.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material Used
  • 9.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
  • 9.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 9.5.6.1. China
    • 9.5.6.2. India
    • 9.5.6.3. Japan
    • 9.5.6.4. South Korea
    • 9.5.6.5. Rest of Asia-Pacific
• 9.6. Middle East and Africa
  • 9.6.1. Introduction
  • 9.6.2. Key Region-Specific Dynamics
  • 9.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Appliance Type
  • 9.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material Used
  • 9.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User

10. Competitive Landscape

• 10.1. Competitive Scenario
• 10.2. Market Positioning/Share Analysis
• 10.3. Mergers and Acquisitions Analysis

11. Company Profiles

• 11.1. Stryker Corporation *
  • 11.1.1. Company Overview
  • 11.1.2. Product Portfolio and Description
  • 11.1.3. Financial Overview
  • 11.1.4. Key Developments
• 11.2. Enovis Corporation
• 11.3. Aspen Medical Products
• 11.4. Cook Medical
• 11.5. Johnson & Johnson Services Inc.
• 11.6. Medacta International
• 11.7. Medtronic
• 11.8. Osseon Therapeutics
• 11.9. Smith and Nephew Plc.
• 11.10. Zimmer Biomet (*LIST NOT EXHAUSTIVE)

12. Appendix

• 12.1. About Us and Services
• 12.2. Contact Us