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Global Small Bone And Joint Devices Market by Application (Hand, Foot), by Type (Plate & Screws, Foot & Ankle, Shoulder Reconstruction Devices) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: MD-73651
  • Author: Up Market Research
  • Rating: 5.0
  • Total Reviews: 53
  • No. Of Pages: 206
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  • Pub. Date: 2021-10-21
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Summary of the Report

Global small bone and joint device market was valued at USD 5.1 million in 2019. It is projected to grow at a compound annual rate (CAGR), of 8.3% between 2020 and 2027. The market is driven by increasing adoption of reconstructive surgery, increased incidence of degenerative diseases, such as arthritis and osteoporosis, and road accidents. Market growth is expected to be supported by an increase in diabetic foot reconstruction and a growing geriatric population. According to the International Osteoporosis Foundation in 2017, osteoporosis afflicted 75 million people in the U.S. and Europe.

Majorly affected were women who are menopausal. One in three women has an osteoporotic bone fracture. This can often require surgery. Patients with diabetes mellitus continue to have major foot problems.

This is the most common chronic condition of diabetes mellitus. More than 400 million people have been diagnosed with it worldwide, according to the National Center for Biotechnology Information (2019). The chances of having surgery are increasing due to increased cases of sports injuries and road accidents.

According to the National Safety Council, there were 2,841 road accident-related deaths in America and almost 4.6 million injuries each year. Many road accidents can lead to ankle, foot, and shoulder injuries. According to the U.S. National Library of Medicine (USNLM), diabetes mellitus will increase in the future. This will in turn drive small bone and joint orthopedic devices market.

Type Insights

In 2019, the shoulder reconstruction segment accounted for 34.2% of all total revenue. Shoulder reconstruction is one of the best options for treating degenerative shoulder joint conditions. According to the CDC, 78.4 millions adults will be diagnosed with arthritis by 2040. This often leads to shoulder surgery. The need for shoulder replacement surgery procedures will increase due to the increasing target population. Depuy Synthes has also launched advanced shoulder reconstruction devices such as the GLOBAL UNITE Shoulder Reverse Fracture Shoulder. This device is designed to treat patients with rotator cuff disorder and will allow for segment growth.

Due to an increase in Diabetic Foot Ulcers and other injuries that can lead to foot surgery, the foot & ankle segment will see the fastest CAGR at 9.2%. According to the Elite Collegiate Athletes' 2017 study, over 21% of foot and ankle injuries were caused by sports injuries. These injuries include syndesmotic strains, midfoot injuries, medial and lateral ankle ligament injuries, first metatarsophalangeal joints injuries, and syndesmotic and mid-foot injuries.

Application Insights

In 2019, the hand segment accounted for 56% of the total. This segment can be further divided into thumb, wrist and elbow, shoulder, etc. This segment is driven by a growing geriatric population, and increasing cases of musculoskeletal diseases of the hand. M&A by large companies will also fuel this segment's growth. Acumed, LLC bought Bluefish Orthopedics, LLC, in April 2019, to introduce a new elbow-arthroplasty (TEA) technology in the market.

From 2020 to 2027, the foot and ankle segment will experience the fastest CAGR at 9.2%. This segment will grow due to an increase in sports injuries, trauma, and foot surgeries. Segment growth will also be driven by large-scale M&A transactions by major companies. Smith & Nephew purchased Brainlab Orthopaedic Joint Reconstruction Business in June 2019 to bring the robotics ecosystem to foot and ankle surgery.

Regional Insights

North America held the largest market share, with over 42% in 2019, and it will continue to hold that position for the next few years. This is due to the increasing incidence of sports injuries as well as a strong healthcare infrastructure that allows for minimally invasive surgery. With the increasing number of arthritis patients, there is likely to be an increase in the need for lower and higher extremity surgery. Asia Pacific is expected to grow the fastest in terms of regional markets between 2020 and 2027, due to a growing target population, increased demand for advanced surgical options, a rapidly growing economy, and a rising number of arthritis patients.

Market Share Insights & Key Companies

To increase their market share, major players are focusing on product innovation and innovative business strategies such as mergers, partnerships and distribution agreements. In November 2019, Stryker purchased Wright Medical for USD 4.05 billion. Stryker sees the acquisition as a great fit for its shoulder business. It also offers complimentary devices in the lower and upper extremities for Stryker's orthotics line.

Companies are also developing new technologies to enhance product performance and expand their portfolio. Stryker Corporation, for example, launched Stryker F1 in March 2018. This small bone power system offers a balanced, lightweight, and cordless solution for the treatment of the extremities. The following are some of the major players in the market for small bone and joint devices:

  • DePuy Synthes Companies

  • Smith & Nephew PLC

  • Zimmer Biomet

  • Stryker Corporation

  • Wright Medical Group N.V.

Up Market Research published a new report titled “Small Bone And Joint Devices Market research report which is segmented by Application (Hand, Foot), by Type (Plate & Screws, Foot & Ankle, Shoulder Reconstruction Devices), By Players/Companies Wright Medical Group NV, DePuy Synthes Companies, Smith & Nephew PLC, Zimmer Biomet, Stryker Corporation”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.


Report Scope

Report AttributesReport Details
Report TitleSmall Bone And Joint Devices Market Research Report
By ApplicationHand, Foot
By TypePlate & Screws, Foot & Ankle, Shoulder Reconstruction Devices
By CompaniesWright Medical Group NV, DePuy Synthes Companies, Smith & Nephew PLC, Zimmer Biomet, Stryker Corporation
Regions CoveredNorth America, Europe, APAC, Latin America, MEA
Base Year2020
Historical Year2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year2028
Number of Pages206
Number of Tables & Figures145
Customization AvailableYes, the report can be customized as per your need.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.


Global Small Bone And Joint Devices Industry Outlook

Global Small Bone And Joint Devices Market Report Segments:

The market is segmented by Application (Hand, Foot), by Type (Plate & Screws, Foot & Ankle, Shoulder Reconstruction Devices).

Small Bone And Joint Devices Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.


Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Small Bone And Joint Devices Market

Overview of the regional outlook of the Small Bone And Joint Devices Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.


Small Bone And Joint Devices Market Overview

Highlights of The Small Bone And Joint Devices Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Small Bone And Joint Devices Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
        6. By Application:

                1. Hand

                2. Foot

        7. By Type:

                1. Plate & Screws

                2. Foot & Ankle

                3. Shoulder Reconstruction Devices

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Small Bone And Joint Devices 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 2028.


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

Small Bone And Joint Devices Market Trends

Reasons to Purchase the Small Bone And Joint Devices Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Small Bone And Joint Devices 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 Small Bone And Joint Devices Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Small Bone And Joint Devices 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 Small Bone And Joint Devices 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 Small Bone And Joint Devices Market Size & Forecast, 2018-2028 
      4.5.1 Small Bone And Joint Devices Market Size and Y-o-Y Growth 
      4.5.2 Small Bone And Joint Devices Market Absolute $ Opportunity 


Chapter 5 Global Small Bone And Joint Devices Market Analysis and Forecast by Application
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Application
      5.1.2 Basis Point Share (BPS) Analysis by Application
      5.1.3 Absolute $ Opportunity Assessment by Application
   5.2 Small Bone And Joint Devices Market Size Forecast by Application
      5.2.1 Hand
      5.2.2 Foot
   5.3 Market Attractiveness Analysis by Application

Chapter 6 Global Small Bone And Joint Devices Market Analysis and Forecast by Type
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Type
      6.1.2 Basis Point Share (BPS) Analysis by Type
      6.1.3 Absolute $ Opportunity Assessment by Type
   6.2 Small Bone And Joint Devices Market Size Forecast by Type
      6.2.1 Plate & Screws
      6.2.2 Foot & Ankle
      6.2.3 Shoulder Reconstruction Devices
   6.3 Market Attractiveness Analysis by Type

Chapter 7 Global Small Bone And Joint Devices 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 Small Bone And Joint Devices 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 Small Bone And Joint Devices Analysis and Forecast
   9.1 Introduction
   9.2 North America Small Bone And Joint Devices 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 Small Bone And Joint Devices Market Size Forecast by Application
      9.6.1 Hand
      9.6.2 Foot
   9.7 Basis Point Share (BPS) Analysis by Application 
   9.8 Absolute $ Opportunity Assessment by Application 
   9.9 Market Attractiveness Analysis by Application
   9.10 North America Small Bone And Joint Devices Market Size Forecast by Type
      9.10.1 Plate & Screws
      9.10.2 Foot & Ankle
      9.10.3 Shoulder Reconstruction Devices
   9.11 Basis Point Share (BPS) Analysis by Type 
   9.12 Absolute $ Opportunity Assessment by Type 
   9.13 Market Attractiveness Analysis by Type

Chapter 10 Europe Small Bone And Joint Devices Analysis and Forecast
   10.1 Introduction
   10.2 Europe Small Bone And Joint Devices 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 Small Bone And Joint Devices Market Size Forecast by Application
      10.6.1 Hand
      10.6.2 Foot
   10.7 Basis Point Share (BPS) Analysis by Application 
   10.8 Absolute $ Opportunity Assessment by Application 
   10.9 Market Attractiveness Analysis by Application
   10.10 Europe Small Bone And Joint Devices Market Size Forecast by Type
      10.10.1 Plate & Screws
      10.10.2 Foot & Ankle
      10.10.3 Shoulder Reconstruction Devices
   10.11 Basis Point Share (BPS) Analysis by Type 
   10.12 Absolute $ Opportunity Assessment by Type 
   10.13 Market Attractiveness Analysis by Type

Chapter 11 Asia Pacific Small Bone And Joint Devices Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Small Bone And Joint Devices 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 Small Bone And Joint Devices Market Size Forecast by Application
      11.6.1 Hand
      11.6.2 Foot
   11.7 Basis Point Share (BPS) Analysis by Application 
   11.8 Absolute $ Opportunity Assessment by Application 
   11.9 Market Attractiveness Analysis by Application
   11.10 Asia Pacific Small Bone And Joint Devices Market Size Forecast by Type
      11.10.1 Plate & Screws
      11.10.2 Foot & Ankle
      11.10.3 Shoulder Reconstruction Devices
   11.11 Basis Point Share (BPS) Analysis by Type 
   11.12 Absolute $ Opportunity Assessment by Type 
   11.13 Market Attractiveness Analysis by Type

Chapter 12 Latin America Small Bone And Joint Devices Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Small Bone And Joint Devices 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 Small Bone And Joint Devices Market Size Forecast by Application
      12.6.1 Hand
      12.6.2 Foot
   12.7 Basis Point Share (BPS) Analysis by Application 
   12.8 Absolute $ Opportunity Assessment by Application 
   12.9 Market Attractiveness Analysis by Application
   12.10 Latin America Small Bone And Joint Devices Market Size Forecast by Type
      12.10.1 Plate & Screws
      12.10.2 Foot & Ankle
      12.10.3 Shoulder Reconstruction Devices
   12.11 Basis Point Share (BPS) Analysis by Type 
   12.12 Absolute $ Opportunity Assessment by Type 
   12.13 Market Attractiveness Analysis by Type

Chapter 13 Middle East & Africa (MEA) Small Bone And Joint Devices Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Small Bone And Joint Devices 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) Small Bone And Joint Devices Market Size Forecast by Application
      13.6.1 Hand
      13.6.2 Foot
   13.7 Basis Point Share (BPS) Analysis by Application 
   13.8 Absolute $ Opportunity Assessment by Application 
   13.9 Market Attractiveness Analysis by Application
   13.10 Middle East & Africa (MEA) Small Bone And Joint Devices Market Size Forecast by Type
      13.10.1 Plate & Screws
      13.10.2 Foot & Ankle
      13.10.3 Shoulder Reconstruction Devices
   13.11 Basis Point Share (BPS) Analysis by Type 
   13.12 Absolute $ Opportunity Assessment by Type 
   13.13 Market Attractiveness Analysis by Type

Chapter 14 Competition Landscape 
   14.1 Small Bone And Joint Devices Market: Competitive Dashboard
   14.2 Global Small Bone And Joint Devices Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Wright Medical Group NV
      14.3.2 DePuy Synthes Companies
      14.3.3 Smith & Nephew PLC
      14.3.4 Zimmer Biomet
      14.3.5 Stryker Corporation
Segments Covered in the Report
The global Small Bone And Joint Devices market has been segmented based on

By Application
  • Hand
  • Foot
By Type
  • Plate & Screws
  • Foot & Ankle
  • Shoulder Reconstruction Devices
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Wright Medical Group NV
  • DePuy Synthes Companies
  • Smith & Nephew PLC
  • Zimmer Biomet
  • Stryker Corporation

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