U.S. Market for Small Bone and Joint Orthopedic Devices 2015

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Mar 11, 2015, 04:42 ET

LONDON, March 11, 2015 /PRNewswire/ -- The U.S. small bone and joint orthopedic device market includes shoulder reconstruction, elbow repair, hand and wrist devices, foot and ankle devices and staple fixation. All of these segments experienced positive growth in 2014 due to an aging population, the increased variety of implants and an associated increase in education of surgeons and the public.

Market Contents Includes

Identified Strategic Opportunities
Market Overview by Segment & Country
Trend Analysis by Segment & Country
Market Drivers & Limiters
Mergers & Acquisitions
Competitive Analysis

The report analyzes and evaluates the current state of the market including existing and potential markets, product average selling prices, and unit volumes. The report also highlights the opportunities and potential hazards involved, and presents strategies for successfully navigating the market landscape. Furthermore, it seeks to identify the trends and technologies that will affect the future of each market segment and prepares an unbiased critical assessment of such market drivers and limiters based on our "ground up" approach, which includes primary and secondary research methods.There has been a shift towards arthroplasty devices and away from fusion where possible as durable and reliable implants are created and education over these devices improves. However, wrist replacement remains a difficulty and a product that performs well and is trusted may gain share over fusion. Overall, the strong positive growth in all segments will allow the entire market to grow rapidly over the 2011 – 2021 forecast period which will be particularly buoyed by the size and strong growth of the foot & ankle market.

In 2014, the U.S. small bone & joint orthopedic device market grew by over 7% and was led by the foot & ankle device and shoulder reconstruction device markets. The fastest growing segment that year was the shoulder reconstruction device market. The majority of this growth is attributed to the growth of shoulder arthroplasty procedures, which are increasingly using the more expensive reversed shoulder devices for cases of both arthritis and fractures. Shoulder implants are under pressure from capitated pricing, but this has been the result of their increased usage. Overall, the market remains strongly growing and will likely see further growth when stemless devices take to market in the U.S. by 2016.

The U.S. small bone & joint orthopedic devices market has experienced an increase in the number of market players. The overall market has maintained the same top eight players and with the inclusion of trauma products in this report the sheer size of such company's offerings in plates, screws and external mfixation will ensure their position in following years. Opportunity has been seen with businesses that have made a push for particular markets. The increased amount of competition has increased the importance of brand and of a company name being connected to particular orthopedic solutions. Due also to the relative affordability to produce products for the extremities in comparison to the hip & knee it has been more feasible for new entrants to bring products to market.

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