PUBLISHER: iData Research Inc. | PRODUCT CODE: 1555816
PUBLISHER: iData Research Inc. | PRODUCT CODE: 1555816
In 2023, the U.S. market for small bone and joint orthopedic devices was estimated to be worth over $3.3 billion. Over the forecast period, the market is anticipated to grow at a compound annual growth rate (CAGR) of 6.0%, reaching nearly $5 billion.
The comprehensive report on this market covers various segments, including shoulder reconstruction, elbow repair, hand and wrist, and foot and ankle devices. Each anatomical area is further broken down by device type, ranging from total joint reconstruction to internal fixation and bone fusion.
Included in the Market Report:
Trends in the U.S. Small Bone and Joint Device Market
The market is seeing a shift toward digital innovations such as robotic surgery, digital technology, and data analytics aimed at enhancing patient outcomes. For instance, the use of 3D-printing technology is gaining traction, as it provides customized orthopedic solutions tailored to the unique anatomical needs of each patient. This technology is expected to reduce manufacturing costs for custom implants while offering greater precision in implant placement during surgeries.
Market Share Insights
In 2023, Stryker, Arthrex, and DePuy Synthes dominated the U.S. small bone and joint orthopedic device market, holding over 50% of the market share in extremity reconstruction and fixation. Stryker and Arthrex lead the joint reconstruction segment, while DePuy Synthes focuses on internal fixation. The shoulder and foot/ankle segments remain key areas of market dominance. Other notable companies in specialized niches include Aptis Medical, Arthrex, restor3d, and Stryker, each leading specific areas such as ulnar head replacement, syndesmotic repair, talus replacement, and ankle replacement, respectively. The entrance of new players is expected, supported by FDA approvals and increased investment. For example, Treace Medical introduced the Lapiplasty(R) system for bunion correction, while Anika Therapeutics expanded into joint preservation through acquisitions. Paragon 28 also expanded its talus replacement offerings by acquiring Additive Orthopaedics.
Market Segmentation Overview:
Report Scope
TABLE of CONTENTS
List of Figures
List of Charts
executive summary
U.S. Small Bone and Joint Orthopedic Device Market Overview
Competitive Analysis
Market Trends
Market Developments
Procedures Included
Procedure Codes Investigated
Markets Included
Key Report Updates
Version History
research methodology
impact of covid-19 on THE U.S. Small Bone and Joint Orthopedic Device Market
U.S. Small Bone and Joint Orthopedic Device Market Overview
Procedure Numbers
Shoulder REconstruction Device Market
Elbow Repair Device Market
Hand and Wrist Device Market
Foot and Ankle device Market
Abbreviations