Transparency Market Research (TMR) has published a report titled, “Small Bone and Joint Orthopedic Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2023”. According to this report, the global small bone and joint orthopedic devices market will expand at an 8.10% CAGR during the forecast period from 2015 to 2023. In 2014, the global small bone and joint orthopedic devices market was worth US$4.1 bn and by 2023, the market is expected to reach US$8.2 bn.

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The global small bone and joint orthopedic devices market is driven by the rising number of disabling diseases such as osteoarthritis and osteoporosis. In addition to this, the global small bone and joint orthopedic devices market will also benefit from technological innovation. These advances are leading to innovative medical devices making the treatment process easier for surgeons. On the other hand, the global small bone and joint orthopedic devices market will be restrained by the high number of complications and surgical procedure failures. Moreover, substitutes such as tissue engineering and pharmaceutical drugs will challenge the global small bone and joint orthopedic devices market.

By device type, the global small bone and joint orthopedic devices market is divided into joint prosthesis, external fixation devices, plates and screws, and fracture fixation and replacement systems. In 2014, the fracture fixation and replacement systems segment was the largest segment in the global small bone and joint orthopedic devices market. This segment is projected to expand at an 8.0% CAGR during the forecast period. In 2014, the fracture fixation and replacement systems segment was worth US$1.59 bn and by 2023, the market is expected to be worth US$3.23 bn. On the other hand, the external fixation devices segment was the fastest growing segment in the global small bone and joint orthopedic devices market. This segment is projected to expand at a CAGR of 8.20% during the forecast period.

Application-wise, the global small bone and joint orthopedic devices market is classified into shoulder, hand (including wrist, thumb, and elbow), foot (including toe, ankle, and lower extremities). The foot segment is projected to be the fastest-growing segment in the global small bone and joint orthopedic devices market and progress at a CAGR of 8.30% during the forecast period.

According to region, the global small bone and joint orthopedic devices market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). North America dominated the global small bone and joint orthopedic devices market in 2014. North America is projected to continue its dominance in the foreseeable future. APAC is considered the most attractive regional market in the global small bone and joint orthopedic devices market.

Companies in the global small bone and joint orthopedic devices market will focus on opportunities provided by technological advances and the unmet needs in emerging nations of APAC and RoW. Some of the key players operating in the global small bone and joint orthopedic devices market are Flower Orthopedics, Acumed, DePuy Synthes, Arthrex, and Stryker Corporation.

Full Research Report on Global Small Bone and Joint Orthopedic Devices Market: http://www.transparencymarketresearch.com/small-bone-joint-orthopedic-devices.html

Key Segments of the Global Small Bone and Joint Orthopedic Devices Market

Global Small Bone and Joint Orthopedic Devices Market, by Device Type

• Fracture Fixation and Replacement Systems
• Plates and Screws
• External Fixation Devices
• Joint Prosthesis

Global Small Bone and Joint Orthopedic Devices Market, by Application

• Foot (including ankle, toe and lower extremities)
• Hand (including thumb, wrist and elbow)
• Shoulder

Global Small Bone and Joint Orthopedic Devices Market, by Geography

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • United Kingdom
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Rest of the World
  • Latin America (LATAM)
  • Middle East and Africa (MEA)