The Europe pediatric orthopedic implants market is expected to reach US$ 2,036.01 million by 2027 from US$ 990.46 million in 2019; it is anticipated to grow at a CAGR of 9.6 % during 2019–2027.
The pediatric orthopedic implants market is growing primarily due to are increasing sports injuries and bone deformities among children and increasing awareness and adoption of orthopaedic solutions and treatments. Factors such as post-surgical complications associated to pediatric orthopedic implants damage the growth of the market.
Pediatric orthopedic implants are the surgical implants that help in healing bone and spine injuries with deformities. These are designed for pediatric patients specifically. Since children have growing anatomy and the strength of the skeletal system is less, these medical conditions regarding orthopedics require special equipment to fix the deformation in bone, skeleton and other dislocation.
Due to rising technological advancement in the healthcare system, the treatments for Orthopaedic disorders are continually evolving and the patients are being educated from time to time. Thus, it helps the patients easily adopt the treatments and solutions provided by the healthcare service providers, such as hospitals and fitness centers. There is a wide range of products, such as braces, supports, and implants, available in the market to facilitate the Orthopaedic solutions and treatments. These products provide various advantages to the patients, such as comfort while walking, reducing the pains, assisting in moving their limbs, reducing swelling and inflammation, and helps in becoming independent to move and walk around. However, the awareness and the usability of these products are more in the developed and upper-middle-income countries. Various foundations, such as the International Society, create awareness regarding the use of Orthopaedic braces and promote the use of Prosthetics and Orthotics (ISPO). This organization assists people with limb amputations and injuries to their limbs and spine. Therefore, to achieve enhanced function and independence, society has developed the prosthetics and orthotics sector worldwide since its initiation.
Similarly, the European Paediatric Orthopaedic Society (EPOS) is focused on educating and training individuals to become independent and capable of providing the highest quality Orthopaedic care. Thus, the awareness regarding pediatric Orthopaedic implants is spread across the Europe, which, in turn is expected to propel the market growth in coming years.
COVID-19 pandemic has become the most significant challenge across the Europe region. This challenge will be frightening the countries across the region as it will lead to reducing imports due to disruptions in global trade, which further increases the shortages of pediatric orthopedic implants, resulting in a considerable price increase. Manufacturers are also experiencing raised prices and potential shortages of raw ingredients due to supply restrictions.
In 2019, the hip implants segment accounted for the largest share of the Europe pediatric orthopedic implants market. The growth of the market for this segment attributes to the factors such as growing number of pediatric hip replacement surgery. However, the knee implants segment is also likely to register the highest CAGR in the market during the forecast period.
A few of the significant secondary sources associated with the Europe Pediatric Orthopedic Implants market report are the World Health Organization (WHO), Centers of Disease Control and Prevention (CDC), International Society of Prosthetics and Orthotics, European Commission, European Paediatric Orthopaedic Society (EPOS) and US Food and Drug Administration, among others.