San Francisco, 10 September 2024: The Report Pediatric Orthopedic Devices Market Size, Share & Trends Analysis Report By Product (Trauma, Sports Medicine, Spine), By End Use (Hospitals, Outpatient Facilities), By Region, And Segment Forecasts, 2024 - 2030

The global pediatric orthopedic devices market size is expected to reach USD 7.78 billion by 2030, registering a CAGR of 11.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growing prevalence of weakened bones & bone density, musculoskeletal disorders among children, and the rising risk of degenerative bone disorders fuel the demand for pediatric orthopedic devices. Moreover, the availability of advanced orthopedic implants and rapid development in healthcare infrastructure globally are anticipated to influence market growth. For instance, according to data published by the Australian Institute of Health and Welfare, in Australia, around 2,600 juvenile arthritis hospitalizations (any diagnosis) were recorded for people aged 0 to 24 in 2020 - 2021.

The increase in sports activities or participation among children has resulted in a higher incidence of sports-related injuries, boosting the need for pediatric orthopedic equipment. For instance, according to Stanford Medicine Children's Health, approximately 30 million children and teens participate in sports-related activities, resulting in over 3.5 million injuries annually in the U.S. Almost one-third of all childhood injuries are sports-related.

Moreover, regulatory bodies and policymakers in developed countries are actively researching and reviewing reimbursement coverage for orthopedic procedures. They examine the time involved in hourly office reimbursements and surgical work and the coverage offered for these services. Thus, a greater focus on reimbursement coverage aims to ensure fair compensation for healthcare providers and promote equitable patient access to orthopedic surgeries. These positive reforms in reimbursement coverage positively impact the market growth.

Some of the key players in the market are Orthofix Medical Inc., OrthoPediatrics Corporation, WishBone Medical, Pega Medical Inc., Arthrex Inc., Johnson & Johnson Services, Inc. (DePuy Synthes), NuVasive Inc., Smith+Nephew, Stryker, and Zimmer Biomet. Players are adopting key strategic initiatives to expand their business footprint and grow their customers. For instance, in June 2022, Onkos Surgical announced the acquisition of Stryker’s  Juvenile Tumour System, developed to enable limb stabilization and growth in pediatric patients affected by severe arthropathy, bone cancers, oncology, severe trauma, and malignant diseases.

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Factors such as growing awareness of orthopedic conditions in children and the rise in congenital & developmental disorders, coupled with advancements in design & materials to provide effectiveness & comfort, are driving demand. Furthermore, innovations such as adjustable & customizable devices and improved materials for better functionality & safety are fueling the market. For example, OrthoPediatrics Corp. offers  Hinge Pediatric Plating System, an articulated plate and screw system to address knee deformities in children by modulating their growth.

Rising technological advancements in the orthopedic devices sector, including pediatric orthopedic devices, are expected to accelerate the market growth. For instance, in March 2022, Explorer Surgical, a GHX company, in collaboration with Pega  Medical, a Pediatric orthopedic medical device innovator, extended its presence in the pediatric orthopedic medical device to enhance surgical procedures and support remote case management. Moreover, advanced biomaterials with better durability and biocompatibility have improved the quality of orthopedic implants, leading to a growth in their demand. These biomaterials, which include various alloys and ceramics, are designed to replicate the function of natural bones and joints, further propelling the market growth.

Pediatric Orthopedic Devices Market Report Highlights

• Based on product, trauma dominated the market in revenue share in 2023, owing to the rise in the prevalence of degenerative bone diseases and bone deformities
• Based on end use, the hospital segment held the largest market share in 2023, owing to the growing number of hospital admissions due to bone fractures and injuries caused by accidents and sports activities
• North America dominated the global market due to the presence of a large number of key market players, government initiatives to accelerate the research for juvenile arthritis, and the launch of a diverse range of products

Moreover, rapid development in healthcare infrastructure and the availability of technologically advanced orthopedic devices globally are anticipated to drive market growth over the forecast period. In addition, rising awareness, the availability of minimally invasive surgical techniques, and the rise in U.S. Food and Drug Administration (FDA) clearances boost the market growth. For instance, in December 2023, OSSIO, Inc., an orthopedic fixation technology company, received U.S. FDA clearance for its OSSIOfiber bio-integrative fixation technology to use in orthopedic surgical procedures such as bone fracture repairs, osteotomies, or fusions for children and adolescents.

The growing focus on early diagnosing bone deformities and preventive care in pediatrics propels market growth. As parents and healthcare practitioners seek solutions to treat and manage pediatric musculoskeletal conditions, this is expected to fuel market growth. According to data published by the Australian Institute of Health and Welfare, in Australia, around 34,200 disability-adjusted life years (DALYs) were recorded in 2023 for individuals aged 0 to 24 in Australia suffering from musculoskeletal conditions. In addition, approximately USD 696.5 million was invested within the Australian healthcare system to address musculoskeletal conditions for people aged 0 to 24 in 2020-2021.

Pediatric Orthopedic Devices Market Report Scope

Moreover, the rapid rise in sports participation among children led to increased sports injuries, which increased the demand for pediatric orthopedic devices. For instance, according to the National Survey of Children's Health, in the U.S., 36.3 million children aged 6 to 17 participated in sports activities or took lessons in 20 22. Moreover, according to Stanford Medicine Children's Health, in the U.S., over 775,000 children participating in sport-related activities are injured annually, and one in four injuries is supposed to be serious.

In addition, increasing government initiatives, reform policies, and funding raised by public and private companies boost market growth. For instance, in August 2021, WishBone Medical, Inc., a pediatric orthopedic medical devices company, received USD 10 million from LKCM Headwater Investments to expand its manufacturing facilities, support other operational initiatives, and accelerate product development to meet growing demands.

Key Pediatric Orthopedic Devices Companies:

The following are the leading companies in the pediatric orthopedic devices market. These companies collectively hold the largest market share and dictate industry trends.

• Orthofix Medical Inc.
• OrthoPediatrics Corporation
• WishBone Medical
• Pega Medical Inc.
• Arthrex Inc.
• Johnson & Johnson Services, Inc. (DePuy Synthes)
• NuVasive Inc.
• Smith+Nephew