Global Small Bone and Joint Devices Market Size Study, by Type (Elbow Repair Devices, Plate & Screws, Shoulder Reconstruction Devices), by Application (Foot, Ankle, Toe, Hand, Elbow, Shoulder, Thumb, Wrist), and Regional Forecasts 2022-2032

Description

The Global Small Bone and Joint Devices Market is valued at approximately USD 6.15 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 8.36% over the forecast period 2024-2032. The market for small bone and joint devices comprises orthopedic medical devices specifically designed for treatments involving small bones and joints. These include surgical instruments, implants, and prosthetics for extremities such as hands, feet, elbows, ankles, and shoulders. The applications span various surgical procedures, including joint replacement, fusion, fixation, and osteotomy. The rising geriatric population prone to musculoskeletal disorders, an increased incidence of sports injuries, advancements in medical technology, and growing awareness about minimally invasive surgical procedures are among the primary factors driving market growth. Additionally, health insurance coverage expansions and improvements in surgical outcomes also contribute positively to market expansion.

Moreover, the development of more durable and flexible materials for implants, design innovations to improve surgical accuracy and patient outcomes, and expansion into emerging markets with increasing healthcare expenditures present potential opportunities. Furthermore, the application of 3D printing technology in creating custom implants tailored to patient-specific anatomy presents a significant opportunity in this market. However, the high cost of procedures and devices can be prohibitive, and stringent regulatory landscapes can delay product launches. Post-surgical complications and the lack of trained orthopedic surgeons in certain regions also limit market penetration. Additionally, purpose-driven research to address the unmet needs of developing countries can also open new revenue streams. Companies should also focus on patient education and post-operative care systems to enhance overall treatment success rates.

The key regions considered for the Global Small Bone and Joint Devices Market study include Asia Pacific, North America, Europe, Latin America, and Middle East and Africa The Americas, particularly the United States and Canada, represent dominant markets for small bone & joint devices, driven by an aging population, an increase in the prevalence of musculoskeletal conditions, and high healthcare spending. Advanced healthcare infrastructure and a robust reimbursement system support the adoption of innovative solutions. European Union countries have a heterogeneous market landscape due to varying healthcare policies and economic conditions. However, there is a consistent demand for small bone & joint devices propelled by an increasing elderly population, a rise in sports injuries, and the adoption of technologically advanced products. The Asia Pacific region has become a fastest growth market driven by rapid economic development, increasing healthcare expenditure, and a growing middle class.

Major market players included in this report are:

Exactech, Inc.
Integra Lifesciences Holdings Corporation
Zimmer Biomet Holdings, Inc.
Smith & Nephew PLC
Stryker Corporation
Paragon 28, Inc.
Novastep Inc.
CONMED Corporation
Globus Medical, Inc.
Enovis
Nextremity Solutions, Inc.
Tecomet Inc.
Shoulder Innovations
TriMed Inc.
Olympus Corporation

The detailed segments and sub-segment of the market are explained below:

By Type:

Elbow Repair Devices
Plate & Screws
Shoulder Reconstruction Devices

By Application:

Foot
Ankle
Toe
Hand
Elbow
Shoulder
Thumb
Wrist

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Small Bone and Joint Devices Market Executive Summary

1.1. Global Small Bone and Joint Devices Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Type
- 1.3.2. By Application
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Small Bone and Joint Devices Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Small Bone and Joint Devices Market Dynamics

3.1. Market Drivers
- 3.1.1. Rising Geriatric Population and Musculoskeletal Disorders
- 3.1.2. Increased Incidence of Sports Injuries
- 3.1.3. Advancements in Medical Technology
3.2. Market Challenges
- 3.2.1. High Cost of Procedures and Devices
- 3.2.2. Stringent Regulatory Landscapes
3.3. Market Opportunities
- 3.3.1. Development of Durable and Flexible Materials
- 3.3.2. Application of 3D Printing Technology
- 3.3.3. Expansion into Emerging Markets

Chapter 4. Global Small Bone and Joint Devices Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Small Bone and Joint Devices Market Size & Forecasts by Type 2022-2032

5.1. Segment Dashboard
5.2. Global Small Bone and Joint Devices Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Elbow Repair Devices
- 5.2.2. Plate & Screws
- 5.2.3. Shoulder Reconstruction Devices

Chapter 6. Global Small Bone and Joint Devices Market Size & Forecasts by Application 2022-2032

6.1. Segment Dashboard
6.2. Global Small Bone and Joint Devices Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Foot
- 6.2.2. Ankle
- 6.2.3. Toe
- 6.2.4. Hand
- 6.2.5. Elbow
- 6.2.6. Shoulder
- 6.2.7. Thumb
- 6.2.8. Wrist

Chapter 7. Global Small Bone and Joint Devices Market Size & Forecasts by Region 2022-2032

7.1. North America Small Bone and Joint Devices Market
- 7.1.1. U.S. Small Bone and Joint Devices Market
  - 7.1.1.1. Type breakdown size & forecasts, 2022-2032
  - 7.1.1.2. Application breakdown size & forecasts, 2022-2032
- 7.1.2. Canada Small Bone and Joint Devices Market
7.2. Europe Small Bone and Joint Devices Market
- 7.2.1. U.K. Small Bone and Joint Devices Market
- 7.2.2. Germany Small Bone and Joint Devices Market
- 7.2.3. France Small Bone and Joint Devices Market
- 7.2.4. Spain Small Bone and Joint Devices Market
- 7.2.5. Italy Small Bone and Joint Devices Market
- 7.2.6. Rest of Europe Small Bone and Joint Devices Market
7.3. Asia-Pacific Small Bone and Joint Devices Market
- 7.3.1. China Small Bone and Joint Devices Market
- 7.3.2. India Small Bone and Joint Devices Market
- 7.3.3. Japan Small Bone and Joint Devices Market
- 7.3.4. Australia Small Bone and Joint Devices Market
- 7.3.5. South Korea Small Bone and Joint Devices Market
- 7.3.6. Rest of Asia Pacific Small Bone and Joint Devices Market
7.4. Latin America Small Bone and Joint Devices Market
- 7.4.1. Brazil Small Bone and Joint Devices Market
- 7.4.2. Mexico Small Bone and Joint Devices Market
- 7.4.3. Rest of Latin America Small Bone and Joint Devices Market
7.5. Middle East & Africa Small Bone and Joint Devices Market
- 7.5.1. Saudi Arabia Small Bone and Joint Devices Market
- 7.5.2. South Africa Small Bone and Joint Devices Market
- 7.5.3. Rest of Middle East & Africa Small Bone and Joint Devices Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. Exactech, Inc.
- 8.3.2. Integra Lifesciences Holdings Corporation
- 8.3.3. Zimmer Biomet Holdings, Inc.
- 8.3.4. Smith & Nephew PLC
- 8.3.5. Stryker Corporation
- 8.3.6. Paragon 28, Inc.
- 8.3.7. Novastep Inc.
- 8.3.8. CONMED Corporation
- 8.3.9. Globus Medical, Inc.
- 8.3.10. Enovis
- 8.3.11. Nextremity Solutions, Inc.
- 8.3.12. Tecomet Inc.
- 8.3.13. Shoulder Innovations
- 8.3.14. TriMed Inc.
- 8.3.15. Olympus Corporation

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes