United States Small Bone and Joint Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The United States Small Bone and Joint Devices Market is Segmented by Device Type (Hand and Wrist Devices, Foot and Ankle Devices, and Other Devices), and by End User (Hospitals, Clinics, and Other End Users). The report offers the value (in USD million) for the above-mentioned segments.

Market Snapshot

United States small bone and joint devices market
Study Period: 2019-2027
Base Year: 2021
CAGR: 5.5 %

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

The United States small bone and joint devices market is expected to register a CAGR of 5.5% during the forecast period, 2022-2027.

The COVID-19 pandemic hit the small bone and joint market in the United States as the country's hospitals and clinics are severely understaffed due to the high rate of SARS-CoV-2 infection and lockdown restrictions. For example, according to a research study published in November 2021 by Brandon E.Earp et al., from the Department of Orthopedic Surgery, Brigham and Women's Hospital, Boston, the number of outpatient surgeries at the clinic decreased from 72 percent to 73 percent, the number of clinical procedures decreased from 87 percent to 90 percent, and surgical cases decreased from 87 percent to 88 percent of the required elective health care restrictions due to COVID-19 have been implemented in the region. However, with a large nationwide vaccination program, the small bone and joint market in the country is expected to regain its full potential, and the market will grow.

The rising prevalence of degenerative joint diseases along with the increasing geriatric population in the United States are the major drivers for the growth of the small bone and joint devices market during the forecast period. For example, according to a Centers for Disease Control and Prevention (CDC) article updated in October 2021, approximately 58.5 million people in the United States have been diagnosed with arthritis by a doctor, and arthritis is more common in women (23.5%) compared to men (18.1%) ), and hence the demand for small bones and joints in the United States is high, which is expected to drive the growth of the studied market.

Further, the elderly population is more prone to various bone and joint disorders, and the geriatric population in the United States is increasing, which is further expected to increase the burden on the bones and joints and increase the growth of the small bone and joint devices market in the United States. For example, according to a May 2021 report released by the United States Administration for Community Living (ACL), the number of people aged 65 and older in the country is projected to increase to 21.6% of the total population by 2040. As per the same source, of the total geriatric population, there will be 30 million women and 24.1 million men, showing a higher proportion of elderly women compared to men in the United States, and approximately 27% of the country's elderly population lived alone.

In addition, increasing demand for joint surgeries to treat joint disorders and technological innovations along with the introduction of new devices, company mergers and acquisitions, and other business expansion initiatives by them are expected to further fuel the growth of the small bone and joint devices market in the United States. In addition, increasing research and development activities in the country associated with the market are expected to boost the market. For example, in February 2022, Cerapedics Inc., an ortho-biological company dedicated to advancing the science of bone repair, initiated the ASPIRE study, a pivotal US Food and Drug Administration (FDA) Investigational Device Exemption (IDE) study to evaluate the safety and efficacy of P-15L bone graft for use in transforaminal lumbar interbody fusion (TLIF) surgery in patients with degenerative disc disease (DDD).

Thus, owing to the above-mentioned factors, the studied market is expected to grow significantly during the study period in the country. However, strict regulatory policies for bone and joint devices in the country are expected to retrain the growth of the small bone and joint devices market in the United States during the forecast period of the study.

Scope of the Report

As per the scope of the report, when the articular cartilage is worn out or damaged, the gliding movements of the bones are disrupted, and small bone and joint devices are employed. These devices allow joints to extend their range of motion, improving their look and allowing them to move without discomfort again. The United States small bone and joint devices market is segmented by device type (hand and wrist devices, foot and ankle devices, and other devices) and by end-user (hospitals, clinics, and other end users). The report offers the value (in USD million) for the above-mentioned segments

By Device Type
Hand and Wrist Devices
Foot and Ankle Devices
Other Devices
By End User
Hospitals
Clinic
Other End Users

Report scope can be customized per your requirements. Click here.

Key Market Trends

Hand and Wrist Devices Segment is Expected to Hold a Significant Market Share in the Studied Market During Forecast Period of the Study

Hand and wrist devices are used to treat bone and joint problems of the thumb, wrist, elbow, shoulder, and other nearby areas, and the segment covers two main segments, which include wrist fusion splints and distal radius splints. The hand and wrist segment is expected to account for a significant share of the studied market due to the high prevalence of musculoskeletal disorders of the hand and the growing geriatric population. For example, according to an article published in March 2021, nearly 124,000 industrial hand injuries occur in the United States each year, and a large percentage of the United States population suffers from degenerative hand diseases, which are expected to increase the demand for small bone and joint devices for the hand and wrist in country and segment is expected to grow.

Further, business expansion activities such as new device launches, mergers, and acquisitions, partnerships, and collaborations by key companies in the market are expected to further boost growth in the hand and wrist devices segment. For example, in September 2021, Anika Therapeutics, Inc. introduced the WristMotion Total Wrist Arthroplasty (TWA) system at the American Society for Surgery of the Hand (ASSH) 2021 Annual Meeting in San Francisco. The WristMotion TWA system is aimed at alleviating pain and restoring the function of the arthritic wrist joint. The new design of the WristMotion TWA System maximizes carpal stability and allows rotational freedom, including a "dart thrower" movement.

Additionally, in May 2021, Orthopedic Implants received US Food and Drug Administration clearance and commercial launch of its wrist fracture plating technology, the DRPx System. DRPx is the distal radius plating system that features an improved ergonomic design that meets the technical preferences of orthopedic surgeons while significantly increasing cost savings, helping to improve the financial viability of ambulatory surgery centers (ASCs) and hospitals.

Hence, as a result of the aforementioned factors, the hand and wrist device segment is expected to account for the major share of the small bone and joint device market in the United States during the forecast period of study.

USA

Competitive Landscape

The United States small bone and joint devices market is competitive with many players in the market who are manufacturing and providing products in the studied market. In terms of market share, a few of the major players are currently dominating the market. Some of the key companies which are currently dominating the market are Stryker Corporation, Zimmer Biomet, Johnson & Johnson (DePuy Synthes), Acumed LLC, and Smith & Nephew PLC, among others.

Recent Developments

  • In May 2022, Stryker launched EasyFuse Dynamic Compression System. It is a foot and ankle staple system which is designed to decrease surgical complexity, provide strong dynamic-compression implants and reduce waste in the operating room.
  • In April 2022, Paragon 28 Inc. launched the R3ACT Stabilization System, which is designed to be a simple solution that allows for multi-stage soft tissue healing following an acute or chronic syndesmotic injury to the ankle.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

      1. 4.1.1 Increasing Prevalence of Degenerative Joint Diseases and Growing Geriatric Population

      2. 4.1.2 Technological Advancements and Growing Demand for Joint Surgeries

    2. 4.2 Market Restraints

      1. 4.2.1 Stringent Regulatory Policies

    3. 4.3 Porters Five Force Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION (Market Size by Value - in USD Million)

    1. 5.1 By Device Type

      1. 5.1.1 Hand and Wrist Devices

      2. 5.1.2 Foot and Ankle Devices

      3. 5.1.3 Other Devices

    2. 5.2 By End User

      1. 5.2.1 Hospitals

      2. 5.2.2 Clinic

      3. 5.2.3 Other End Users

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Johnson & Johnson (DePuy Synthes)

      2. 6.1.2 Zimmer Biomet

      3. 6.1.3 Stryker Corporation

      4. 6.1.4 Wright Medical Group NV

      5. 6.1.5 Smith & Nephew PLC

      6. 6.1.6 Arthrex Inc.

      7. 6.1.7 Exactech Inc.

      8. 6.1.8 Acumed LLC

      9. 6.1.9 Conventus Orthopaedics, Inc. (Flower Orthopedics)

      10. 6.1.10 Nutek Orthopedics

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments

You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The United States Small Bone and Joint Devices Market market is studied from 2019 - 2027.

The United States Small Bone and Joint Devices Market is growing at a CAGR of 5.5% over the next 5 years.

Stryker Corporation, Zimmer Biomet, Johnson & Johnson (DePuy Synthes), Smith & Nephew LLC, Acumed LLC are the major companies operating in United States Small Bone and Joint Devices Market.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!