NEW YORK , Aug. 9, 2024 /PRNewswire/ -- The global ortho pediatric devices market size is estimated to grow by USD 1.85 billion from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of 8.09% during the forecast period. Increasing incidence of pediatric orthopedic injuries is driving market growth, with a trend towards global adoption of advanced treatment solutions.
However, high costs associated with orthopedic devices and surgeries poses a challenge. Key market players include Apex Ortho and Surgical, Arthrex Inc., Auxein Medical Inc.
, Johnson and Johnson Services Inc., Madison Ortho , Medtronic Plc, Merete GmbH, Mighty Oak Medical, Narang Medical Ltd., Nuvasive Inc.
, Orthofix Medical Inc., OrthoPediatrics Corp., Smith and Nephew plc, Stryker Corp.
, Total Joint Orthopedics Inc., TREACE MEDICAL CONCEPTS INC., Trendlines Group Ltd.
, TST, WishBone Medical Inc., and Zimmer Biomet Holdings Inc..
Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report Market Driver The ortho pediatric devices market is experiencing significant growth due to the increasing adoption of in-vitro diagnostic devices for managing and testing various conditions, including cancer, cardiovascular diseases, and infectious kidney diseases. Advanced treatment care availability is driving increased adoption rates among healthcare providers. For instance, Siemens' Xprecia Stride Coagulation Analyzer is a handheld devic.