Market Overview:
The global orthopedic surgery instrument market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of musculoskeletal disorders, rising geriatric population, and technological advancements in orthopedic surgery instruments. Based on type, the global orthopedic surgery instrument market is segmented into carbide, diamond, and metal surgical instruments. Carbide surgical instruments are expected to dominate the market during the forecast period owing to their high durability and resistance to wear and tear as compared with other types of surgical instruments. Based on application, the global orthopedic surgery instrument market is segmented into adult and pediatric applications. The adult application segment is expected to account for a larger share of the global Orthopedic Surgery Instrument Market duringthe forecast period dueto an increase in demand for minimally invasive surgeries across all regions.
Product Definition:
An orthopedic surgery instrument is a tool used by surgeons to help them treat medical conditions involving the bones, joints, and muscles. Orthopedic surgery instruments can include saws, drills, clamps, screws, and plates. They are used to stabilize fractures or correct deformities.
Carbide:
Carbide is a solid, crystalline, and extremely hard material. It has the ability to cut through almost any material including bone. The most common sources of carbide are coal & coke, diamonds (unlike other minerals such as calcium carbonate or phosphorous which give off light when exposed to heat), graphite and some natural materials such as amber & jet.
Diamond:
Diamond is a hard, crystalline form of carbon. It occurs in many natural substances such as coal, graphite, and diamond chips used in abrasives. Diamond also has applications as cutting tools for industrial purposes and jewelry.
Application Insights:
The adult segment held the largest share of 70.0% in 2017. The growing geriatric population is one of the major factors driving this application segment as there is a rise in orthopedic diseases among adults due to less bone density and improper bone growth during childhood and adolescence. According to data published by WHO, it has been estimated that nearly 60 million people above 60 years of age suffer from some form of arthritis every year globally, outnumbering those who are aged 65 years or more by around 20%.
According to the U.S Census Bureau, approximately 15% of Americans age 65 years or above have suffered from at least one chronic disability due to osteoarthritis while around 40% are affected with rheumatoid arthritis leading to reduced mobility and independent living which further increases the demand for these devices across surgeries performed on them thus contributing towards high market share for adult applications.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the high prevalence of orthopedic disorders, availability of advanced technology and skilled professionals, and rising healthcare expenditure in this region. Moreover, increasing number of sports injuries is also expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to improving healthcare infrastructure & facilities along with growing medical tourism in this region. In addition, rapidly developing economy coupled with rising disposable income will boost demand for metal on metal replacement surgeries such as hip and knee replacement surgeries which are majorly performed using instruments used during surgery procedures by physicians from developed countries such as U.S., Germany, UK etc.
Growth Factors:
- Increasing incidence of orthopedic diseases and disorders: The global prevalence of orthopedic diseases is increasing at a rapid pace. This is primarily attributed to the aging population, rising obesity rates, and increasing levels of physical inactivity. As a result, the demand for orthopedic surgery instruments is expected to surge in the coming years.
- Technological advancements: The development of innovative surgical techniques and instruments has revolutionized the field of orthopedics surgery. This has led to an increase in demand for advanced surgical equipment and tools, thereby propelling the growth of the Orthopedic Surgery Instrument market.
- Growing awareness about benefits of early diagnosis and treatment: There is growing awareness among people about the benefits associated with early diagnosis and treatment of orthopedic conditions/disorders .This is likely to fuel demand for Orthopedic Surgery Instruments in near future .
Scope Of The Report
Report Attributes
Report Details
Report Title
Orthopedic Surgery Instrument Market Research Report
By Type
Carbide, Diamond, Metal
By Application
Adult, Pediatric
By Companies
Orthofix, Wright Medical Technology, Zimmer, Tsunami Medical, Rti Surgical, Teknimed, Surgtech, Shanghai Lzq Precision Tool Technology, Rudolf Medical, Z-Medical, Richard Wolf, Tedan Surgical Innovations, Novastep, Mdd - Medical Device Development, Globus Medical
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
198
Number of Tables & Figures
139
Customization Available
Yes, the report can be customized as per your need.
Global Orthopedic Surgery Instrument Market Report Segments:
The global Orthopedic Surgery Instrument market is segmented on the basis of:
Types
Carbide, Diamond, Metal
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
Adult, Pediatric
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:
- Orthofix
- Wright Medical Technology
- Zimmer
- Tsunami Medical
- Rti Surgical
- Teknimed
- Surgtech
- Shanghai Lzq Precision Tool Technology
- Rudolf Medical
- Z-Medical
- Richard Wolf
- Tedan Surgical Innovations
- Novastep
- Mdd - Medical Device Development
- Globus Medical
Highlights of The Orthopedic Surgery Instrument 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:
- Carbide
- Diamond
- Metal
- By Application:
- Adult
- Pediatric
- 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 Surgery Instrument 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 surgery instruments are used during orthopedic procedures to help surgeons perform their tasks more effectively. These instruments can include surgical tools such as saws, drills, and scissors; cautery devices; and other medical equipment.
Some of the major companies in the orthopedic surgery instrument market are Orthofix, Wright Medical Technology, Zimmer, Tsunami Medical, Rti Surgical, Teknimed, Surgtech, Shanghai Lzq Precision Tool Technology, Rudolf Medical, Z-Medical, Richard Wolf, Tedan Surgical Innovations, Novastep, Mdd - Medical Device Development, Globus Medical.
The orthopedic surgery instrument market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Orthopedic Surgery Instrument 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 Surgery Instrument Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Orthopedic Surgery Instrument 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 Surgery Instrument 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 Surgery Instrument Market Size & Forecast, 2018-2028
4.5.1 Orthopedic Surgery Instrument Market Size and Y-o-Y Growth
4.5.2 Orthopedic Surgery Instrument Market Absolute $ Opportunity
Chapter 5 Global Orthopedic Surgery Instrument 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 Surgery Instrument Market Size Forecast by Type
5.2.1 Carbide
5.2.2 Diamond
5.2.3 Metal
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Orthopedic Surgery Instrument 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 Surgery Instrument Market Size Forecast by Applications
6.2.1 Adult
6.2.2 Pediatric
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Orthopedic Surgery Instrument 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 Surgery Instrument 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 Surgery Instrument Analysis and Forecast
9.1 Introduction
9.2 North America Orthopedic Surgery Instrument 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 Surgery Instrument Market Size Forecast by Type
9.6.1 Carbide
9.6.2 Diamond
9.6.3 Metal
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 Surgery Instrument Market Size Forecast by Applications
9.10.1 Adult
9.10.2 Pediatric
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 Surgery Instrument Analysis and Forecast
10.1 Introduction
10.2 Europe Orthopedic Surgery Instrument 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 Surgery Instrument Market Size Forecast by Type
10.6.1 Carbide
10.6.2 Diamond
10.6.3 Metal
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 Surgery Instrument Market Size Forecast by Applications
10.10.1 Adult
10.10.2 Pediatric
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 Surgery Instrument Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Orthopedic Surgery Instrument 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 Surgery Instrument Market Size Forecast by Type
11.6.1 Carbide
11.6.2 Diamond
11.6.3 Metal
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 Surgery Instrument Market Size Forecast by Applications
11.10.1 Adult
11.10.2 Pediatric
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 Surgery Instrument Analysis and Forecast
12.1 Introduction
12.2 Latin America Orthopedic Surgery Instrument 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 Surgery Instrument Market Size Forecast by Type
12.6.1 Carbide
12.6.2 Diamond
12.6.3 Metal
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 Surgery Instrument Market Size Forecast by Applications
12.10.1 Adult
12.10.2 Pediatric
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 Surgery Instrument Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Orthopedic Surgery Instrument 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 Surgery Instrument Market Size Forecast by Type
13.6.1 Carbide
13.6.2 Diamond
13.6.3 Metal
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 Surgery Instrument Market Size Forecast by Applications
13.10.1 Adult
13.10.2 Pediatric
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 Surgery Instrument Market: Competitive Dashboard
14.2 Global Orthopedic Surgery Instrument Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Orthofix
14.3.2 Wright Medical Technology
14.3.3 Zimmer
14.3.4 Tsunami Medical
14.3.5 Rti Surgical
14.3.6 Teknimed
14.3.7 Surgtech
14.3.8 Shanghai Lzq Precision Tool Technology
14.3.9 Rudolf Medical
14.3.10 Z-Medical
14.3.11 Richard Wolf
14.3.12 Tedan Surgical Innovations
14.3.13 Novastep
14.3.14 Mdd - Medical Device Development
14.3.15 Globus Medical
