Market Overview:
The global orthopedic accessories 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 devices. The braces segment is expected to dominate the global orthopedic accessories market during the forecast period owing to their increasing use for treating various musculoskeletal disorders. The consumables segment is also projected to grow at a high rate during the forecast period due to the growing demand for implants and surgical instruments used in orthopedic surgeries. Geographically, North America dominates the global orthopedic accessories market followed by Europe and Asia Pacific. This can be attributed primarily due high prevalence of chronic diseases such as arthritis and obesity in these regions which leads to an increase in demand for Orthopaedics products & services .
Product Definition:
Orthopedic Accessories are devices that help to correct or improve the function of the bones and joints. They can include braces, splints, and orthotic devices. Orthopedic Accessories are important because they can help to correct deformities, improve mobility, and reduce pain.
Braces:
Braces are used to stabilize fractures, sprains and ligament injuries. Bracelets, splints, bandages and supports are the different types of braces available in the market. Bracelets have gained popularity owing to their easy availability as a first aid measure for bone fracture or sprain injury along with their use in orthopedic surgeries.
Consumables:
Consumables are the materials or devices that are used repetitively during the treatment of a patient. The most commonly used consumables in orthopedic accessories include surgical gloves, arthroscopes, cast cutters, bone clippers and saws among others. Consumables can be categorized into two types: those that are reusable and those that aren’t.
Application Insights:
The knee orthopedic accessories market is anticipated to register the highest CAGR over the forecast period. The rising geriatric population and increasing cases of arthritis are expected to drive the demand for knee orthopedic accessories. According to a study published in NCBI, it is estimated that around 1 out of every 2 people aged 65 years or above have some form of arthritis or joint pain. Moreover, as per WHO, there will be approximately 642 million people aged 60 years and above by 2030 globally which in turn is expected to boost product demand over the forecast period.
Knee implants are considered as one of the most effective ways for treating severe osteoarthritis symptoms along with improving joint mobility and reducing long-term wear on joints affected by osteoarthritis.
Regional Analysis:
North America dominated the global market in 2017. The presence of well-established orthopedic device manufacturers and a large patient pool are some of the factors contributing to its growth. In addition, favorable reimbursement policies for orthopedic devices and increasing R&D activities by companies to develop advanced products are also expected to drive this regional market over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to rising disposable income, improving healthcare infrastructure, growing medical tourism industry, and an increase in consumer awareness about available treatment options & associated benefits. Rising incidence of osteoporosis coupled with rapidly developing economies such as China & India is further expected fuel demand during the forecast years (2018 - 2030).
Growth Factors:
- Increasing incidence of sports injuries: The increasing incidence of sports injuries is one of the key growth drivers for the orthopedic accessories market. According to a study by the Centers for Disease Control and Prevention (CDC), in the U.S., around 2 million people get injured while playing sports every year, which leads to increased demand for orthopedic accessories such as braces and supports.
- Rising geriatric population: The global geriatric population is growing at a rapid pace and this is expected to drive demand for orthopedic devices and accessories in the coming years. Aged individuals are more prone to bone fractures, arthritis, and other musculoskeletal disorders, which increases their need for orthopedic products such as braces, supports, and prostheses.
- Technological advancements: The advancement of technology has led to introduction of innovative products in the orthopedic accessories market that are helping patients recover from injuries quickly and efficiently. For instance, 3D printing technology is being used increasingly in manufacturing customized braces that fit perfectly on an individual’s body shape and size thus providing better support than traditional braces available in the marketplaces . This technological advancement is likely to fuel growth of this market during forecast period . 4) Growing awareness about benefits offered by Orthotics : There has been a significant rise in awareness about benefits offered by Orthotics among consumers across all age groups over past few years . This has resulted into increase adoption rateof Orthotic
Scope Of The Report
Report Attributes
Report Details
Report Title
Orthopedic Accessories Market Research Report
By Type
Braces, Consumables, Others,
By Application
Hip, Knee, Spine, Others,
By Companies
Medtronic, Stryker, Zimmer-Biomet, DePuy Synthes, Smith and Nephew, Aesculap Implant Systems, Conmed, NuVasive
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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Orthopedic Accessories Market Report Segments:
The global Orthopedic Accessories market is segmented on the basis of:
Types
Braces, Consumables, Others,
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
Hip, Knee, Spine, Others,
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:
- Medtronic
- Stryker
- Zimmer-Biomet
- DePuy Synthes
- Smith and Nephew
- Aesculap Implant Systems
- Conmed
- NuVasive
Highlights of The Orthopedic Accessories 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:
- Braces
- Consumables
- Others
- By Application:
- Hip
- Knee
- Spine
- Others
- 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 Accessories 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 accessories are devices that are used to help improve the function of the body's joints. These can include braces, splints, and supports.
Some of the key players operating in the orthopedic accessories market are Medtronic, Stryker, Zimmer-Biomet, DePuy Synthes, Smith and Nephew, Aesculap Implant Systems, Conmed, NuVasive.
The orthopedic accessories market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Orthopedic Accessories Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Orthopedic Accessories Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Orthopedic Accessories Market - Supply Chain
4.5. Global Orthopedic Accessories Market Forecast
4.5.1. Orthopedic Accessories Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Orthopedic Accessories Market Size (000 Units) and Y-o-Y Growth
4.5.3. Orthopedic Accessories Market Absolute $ Opportunity
5. Global Orthopedic Accessories Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Orthopedic Accessories Market Size and Volume Forecast by Type
5.3.1. Braces
5.3.2. Consumables
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Orthopedic Accessories Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Orthopedic Accessories Market Size and Volume Forecast by Application
6.3.1. Hip
6.3.2. Knee
6.3.3. Spine
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Orthopedic Accessories Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Orthopedic Accessories Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Orthopedic Accessories Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Orthopedic Accessories Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Orthopedic Accessories Demand Share Forecast, 2019-2026
9. North America Orthopedic Accessories Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Orthopedic Accessories Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Orthopedic Accessories Market Size and Volume Forecast by Application
9.4.1. Hip
9.4.2. Knee
9.4.3. Spine
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Orthopedic Accessories Market Size and Volume Forecast by Type
9.7.1. Braces
9.7.2. Consumables
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Orthopedic Accessories Demand Share Forecast, 2019-2026
10. Latin America Orthopedic Accessories Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Orthopedic Accessories Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Orthopedic Accessories Market Size and Volume Forecast by Application
10.4.1. Hip
10.4.2. Knee
10.4.3. Spine
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Orthopedic Accessories Market Size and Volume Forecast by Type
10.7.1. Braces
10.7.2. Consumables
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Orthopedic Accessories Demand Share Forecast, 2019-2026
11. Europe Orthopedic Accessories Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Orthopedic Accessories Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Orthopedic Accessories Market Size and Volume Forecast by Application
11.4.1. Hip
11.4.2. Knee
11.4.3. Spine
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Orthopedic Accessories Market Size and Volume Forecast by Type
11.7.1. Braces
11.7.2. Consumables
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Orthopedic Accessories Demand Share, 2019-2026
12. Asia Pacific Orthopedic Accessories Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Orthopedic Accessories Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Orthopedic Accessories Market Size and Volume Forecast by Application
12.4.1. Hip
12.4.2. Knee
12.4.3. Spine
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Orthopedic Accessories Market Size and Volume Forecast by Type
12.7.1. Braces
12.7.2. Consumables
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Orthopedic Accessories Demand Share, 2019-2026
13. Middle East & Africa Orthopedic Accessories Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Orthopedic Accessories Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Orthopedic Accessories Market Size and Volume Forecast by Application
13.4.1. Hip
13.4.2. Knee
13.4.3. Spine
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Orthopedic Accessories Market Size and Volume Forecast by Type
13.7.1. Braces
13.7.2. Consumables
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Orthopedic Accessories Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Orthopedic Accessories Market: Market Share Analysis
14.2. Orthopedic Accessories Distributors and Customers
14.3. Orthopedic Accessories Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Medtronic
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Stryker
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Zimmer-Biomet
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. DePuy Synthes
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Smith and Nephew
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Aesculap Implant Systems
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Conmed
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. NuVasive
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
