Market Overview:
The global orthopedic connectors market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing incidence of musculoskeletal disorders, rising geriatric population, and technological advancements in orthopedic implants. Based on type, the non-absorbable segment is expected to account for the largest share of the global orthopedic connectors market in 2018. This segment is also projected to grow at a higher CAGR than other segments during the forecast period. Non-absorbable connectors are made up of metals or alloys that are not absorbed by body tissues and hence provide stability and strength over long periods of time. They are mainly used in joint replacements and spine surgeries. Based on application, hospitals are expected to account for the largest share of the global orthopedic connectors market in 2018 followed by clinics.
Product Definition:
Orthopedic connectors are devices that connect bones together to form a joint. They are typically made of metal or plastic and come in a variety of shapes and sizes. Orthopedic connectors are used to correct or prevent deformities, stabilize joints, and improve the function of the musculoskeletal system.
Non-Absorbable:
Non-absorbable orthopedic connectors are used in the construction of orthopedic devices such as plates, screws, rods, and others. These products have a unique property that allows them to be easily removed from the body without causing any harm to the tissues or organs they are attached to. This is one of their major advantages over absorbable counterparts which makes up for a large part of their market demand.
Absorbable:
An absorbable orthopedic connector is a medical device used to connect bone plates and bones in the body. It is also known as interconnector or intramedullary connector. Absorbable orthopedic connectors are different from non-absorbable connectors as they can be absorbed by the body after surgery, thus preventing any further complications. These are mostly preferred over non-absorbable ones due to their ease of use and lesser chances of causing an infection post usage.
Application Insights:
The hospital application segment accounted for the largest revenue share in 2017 and is anticipated to maintain its dominance over the forecast period. This can be attributed to a high incidence of orthopedic diseases that require surgical intervention. According to a study published by NCBI, around 6 out of 10 patients visiting primary healthcare centers are diagnosed with musculoskeletal disorders each year. The same study also states that around 1 in 5 adults aged between 18-64 years suffer from some form of arthritis or joint pain every year. As such, demand for orthopedic connectors at hospitals is expected to remain high over the forecast period as they provide relief from chronic joint pain and enable rapid healing after surgery by providing direct contact with blood vessels and muscles without causing any harm or damage.
Clinical applications include medical clinics as well as diagnostic laboratories offering diagnostic services related to musculoskeletal conditions including X-ray, MRI scan, ultrasound examination etcetera based on individual patient requirements.
Regional Analysis:
North America dominated the global market in 2017. The presence of well-established healthcare infrastructure and high adoption rate of advanced technologies are some factors responsible for its large share. Moreover, growing number of road accidents is expected to increase the demand for orthopedic connectors in North America over the forecast period. According to NCBI, as per 2015, approximately 645,000 people died due to road injuries in U.S., which is higher than deaths caused by breast cancer or prostate cancer combined (NCBI).
Asia Pacific region is expected witness lucrative growth during the forecast period owing to rising geriatric population and increasing incidence of bone diseases such as osteoporosis and arthritis that result from it (Asianetoday). Osteoporosis affects more than 25 million people aged 50 years & above in South Korea alone (Asianetoday).
Growth Factors:
- Increasing demand for minimally invasive surgeries: The Orthopedic Connectors market is expected to benefit from the increasing demand for minimally invasive surgeries. This is because the use of Orthopedic Connectors helps in reducing surgical trauma and also leads to shorter hospital stays.
- Rising prevalence of orthopedic diseases: The rising prevalence of orthopedic diseases is another key growth driver for the Orthopedic Connectors market. This is because an increasing number of people are now suffering from conditions such as arthritis, osteoporosis, and others that require treatment with Orthopedic Connectors.
- Technological advancements: The Orthopedic Connectors market is witnessing rapid technological advancements, which are helping in improving the quality and efficacy of these devices. This is likely to boost the adoption rate of these devices in the coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Orthopedic Connectors Market Research Report
By Type
Non-Absorbable, Absorbable
By Application
Hospital, Clinic
By Companies
Ai-Medic, Altimed, Arthrex, Biomet, Bioretec, Biotech Medical, DeSoutter Medical, Dieter Marquardt, EVOLUTIS, Groupe Lépine, IMECO, Inion, Medimetal, Micromed Medizintechnik, ORTHO CARE, Ortho Solutions, Ortosintese, OsteoMed, SOFEMED, Surgival, Tornie
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
179
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Orthopedic Connectors Market Report Segments:
The global Orthopedic Connectors market is segmented on the basis of:
Types
Non-Absorbable, Absorbable
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Clinic
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ai-Medic
- Altimed
- Arthrex
- Biomet
- Bioretec
- Biotech Medical
- DeSoutter Medical
- Dieter Marquardt
- EVOLUTIS
- Groupe Lépine
- IMECO
- Inion
- Medimetal
- Micromed Medizintechnik
- ORTHO CARE
- Ortho Solutions
- Ortosintese
- OsteoMed
- SOFEMED
- Surgival
- Tornie
Highlights of The Orthopedic Connectors Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Non-Absorbable
- Absorbable
- By Application:
- Hospital
- Clinic
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Orthopedic Connectors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Orthopedic connectors are medical devices that help connect bones in the body. They can be used to fix fractures, restore joint function, and treat other orthopedic conditions.
Some of the major players in the orthopedic connectors market are Ai-Medic, Altimed, Arthrex, Biomet, Bioretec, Biotech Medical, DeSoutter Medical, Dieter Marquardt, EVOLUTIS, Groupe LƒÂ©pine, IMECO, Inion, Medimetal, Micromed Medizintechnik, ORTHO CARE, Ortho Solutions, Ortosintese, OsteoMed, SOFEMED, Surgival, Tornie.
The orthopedic connectors market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Orthopedic Connectors Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Orthopedic Connectors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Orthopedic Connectors Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Orthopedic Connectors Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Orthopedic Connectors Market Size & Forecast, 2018-2028
4.5.1 Orthopedic Connectors Market Size and Y-o-Y Growth
4.5.2 Orthopedic Connectors Market Absolute $ Opportunity
Chapter 5 Global Orthopedic Connectors Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Orthopedic Connectors Market Size Forecast by Type
5.2.1 Non-Absorbable
5.2.2 Absorbable
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Orthopedic Connectors Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Orthopedic Connectors Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Clinic
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Orthopedic Connectors Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Orthopedic Connectors Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Orthopedic Connectors Analysis and Forecast
9.1 Introduction
9.2 North America Orthopedic Connectors Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Orthopedic Connectors Market Size Forecast by Type
9.6.1 Non-Absorbable
9.6.2 Absorbable
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Orthopedic Connectors Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Clinic
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Orthopedic Connectors Analysis and Forecast
10.1 Introduction
10.2 Europe Orthopedic Connectors Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Orthopedic Connectors Market Size Forecast by Type
10.6.1 Non-Absorbable
10.6.2 Absorbable
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Orthopedic Connectors Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Clinic
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Orthopedic Connectors Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Orthopedic Connectors Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Orthopedic Connectors Market Size Forecast by Type
11.6.1 Non-Absorbable
11.6.2 Absorbable
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Orthopedic Connectors Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Clinic
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Orthopedic Connectors Analysis and Forecast
12.1 Introduction
12.2 Latin America Orthopedic Connectors Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Orthopedic Connectors Market Size Forecast by Type
12.6.1 Non-Absorbable
12.6.2 Absorbable
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Orthopedic Connectors Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Clinic
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Orthopedic Connectors Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Orthopedic Connectors Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Orthopedic Connectors Market Size Forecast by Type
13.6.1 Non-Absorbable
13.6.2 Absorbable
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Orthopedic Connectors Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Clinic
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Orthopedic Connectors Market: Competitive Dashboard
14.2 Global Orthopedic Connectors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ai-Medic
14.3.2 Altimed
14.3.3 Arthrex
14.3.4 Biomet
14.3.5 Bioretec
14.3.6 Biotech Medical
14.3.7 DeSoutter Medical
14.3.8 Dieter Marquardt
14.3.9 EVOLUTIS
14.3.10 Groupe Lépine
14.3.11 IMECO
14.3.12 Inion
14.3.13 Medimetal
14.3.14 Micromed Medizintechnik
14.3.15 ORTHO CARE
14.3.16 Ortho Solutions
14.3.17 Ortosintese
14.3.18 OsteoMed
14.3.19 SOFEMED
14.3.20 Surgival
14.3.21 Tornie
