The Asia Pacific pediatric orthopedic implants market is expected to reach US$ 1,486.17 million by 2027 from US$ 678.38 million in 2019; it is anticipated to grow at a CAGR of 10.5% during 2019–2027.
The market is growing primarily due to the increasing bone deformities due to malnutrition among children, and rising awareness and adoption of orthopedic solutions and treatments. Factors such as post-surgical complications associated to pediatric orthopedic implants hinder the growth of the market.
Pediatric orthopedic implants are the surgical implants that help in healing bone and spine injuries with deformities among children. Children have growing anatomy and the strength of the skeletal system is less. Medical conditions regarding orthopedics require special equipment to fix the deformation in bone, skeleton, and other dislocation.
Orthopedic congenital disability is caused due to abnormal development of bone and muscle tissue during fetal development. According to a study published by March of Dimes, the conditions for about 60% of congenital disabilities are unexplained. Various risk factors such as abnormal genes inherited from a parent, missing or abnormal genes caused by a chromosome disorder, consumption of alcohol, smoking cigarette, intake of illicit drugs, certain medications, radiation, and other indications. The orthopedic is among the different defect that has been observed remarkably. The congenital orthopedic disabilities include congenital disability clubfoot, developmental dysplasia of the hip that causes dislocation in the hip, metatarsus adducts that causes curved foot or in-toeing involving the feet, spine deformities, osteogenesis imperfecta, muscular dystrophy, limb defects, and bone infections.
There is considerable rise in malnutrition among children, which is resulting in increasing bone deformities in the children. For instance, as per Global Nutrition Report 2018, India is home to 46.6 million stunted children, a third of world’s total. The syndromes of bone disease and deformities consequent to disorders of nutrition, bone and mineral metabolism constitute a serious national health problem. These disorders and syndromes due to calcium deficiency and fluoride interactions are largely responsible for the morbidity and mortality in the young individuals. These factors are expected to drive the Asia Pacific pediatric orthopedic implants market during the forecast period.
Countries in Asia-Pacific are witnessing huge challenges due to the COVID-19 outbreak. Considering the economic operations and geographic condition, the outbreak of disease has adversely affected the medical tourism, medical equipment and accessories manufacturing, and other problems due to the shortage of healthcare infrastructure in low-income countries Asia-Pacific. According to WHO, due to the rapidly changing risk of COVID-19 affected countries and constantly controlling outbreak trends, any additional health measures are likely to significantly interfere with international travel and trade.
By type, the hip implants segment accounted for the largest share of the Asia Pacific pediatric orthopedic implants market in 2019. The growth of the market for this segment is attributed to the growing number of pediatric hip replacement surgery. However, the knee implants segment is likely to register the highest CAGR in the market during the forecast period.
A few of the significant secondary sources referred to while preparing the report on the Asia Pacific pediatric orthopedic implants market are the World Health Organization (WHO), National Library of Medicine, and National Institutes of Health.