Most people will experience a musculoskeletal-related injury or disease at some point in their lifetime, which is one reason why the established orthopaedic device market - currently at more than $40 billion annual revenue worldwide - continues to offer exceptional growth opportunities. We are thrilled to offer innovative next-generation orthopaedic solutions designed for patients of all ages, from fracture repair and arthritis relief, to therapies that can support children with developmental disabilities to walk.
The factors that will drive the growth of the orthopaedic market include:
*QiG internal estimates
Top market segments include reconstructive devices, spinal implants and instruments, fracture repair, arthroscopy and soft tissue repair.
Select Orthopaedic Markets
Reconstructive Devices - primarily implanted in patients who are suffering from arthritis, reconstructive devices restore function by replacing joints that have become damaged or diseased. As the largest orthopaedic market segment, this includes joint replacements in areas such as the knee, hip and shoulder.
Spinal Implants and Instruments - these therapies are typically used to treat back pain, which is one of the most common medical conditions in the U.S. and other industrialized countries. Some potential treatments may include spinal fusion, discectomy, vertebroplasty / kyphoplasty.
Fracture Repair - includes the management of fractured bones by improving the structural placement and alignment to its appropriate manner. Both closed and open procedure methods are used with plates, screws, pins and / or other tools to restore function.
Arthroscopy and Soft Tissue Repair - keyhole techniques are used to visualize, diagnose and treat internal joint injuries, primarily sourced from sports and movement-related musculoskeletal injuries, but may also include aging- and obesity-related conditions. Surgical tools are used in these treatments which may include meniscal repair, ligament and tendon attachment.
These four segments account for more than three fourths of the market. An aging population, active demographics, innovative technology, and emerging geographic areas should continue to drive growth in the global orthopaedic market.