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High product recall rate limits the orthopedic accessories market

 Plastic surgeons are specially trained to diagnose, treat, prevent and repair diseases, injuries and diseases of the musculoskeletal system throughout the body.

The specialized surgical procedures include arthroscopy, fusion, joint replacement, internal fixation, soft tissue repair and osteotomy for adults and children. These operations are necessary to restore the function of the limbs and spine to treat sports injuries, musculoskeletal trauma, spinal diseases, infections, degenerative diseases, congenital diseases and tumors.

During plastic surgery, various operating table accessories and accessories can help assist the patient in positioning. Common positions include the supine position for hip and knee replacements and replacements, while other orthopedic surgeries use beach chairs for shoulder surgery. Plastic surgery operating table accessories can provide convenience for surgeons and make patients feel comfortable, thereby benefiting plastic surgery.

The orthopedic accessories equipment (or) equipment market includes the sales of orthopedic accessories and related services. Orthopedic accessories are used to fix or remove implants from the body. Some of the key products included in this market are bone cements, casting materials and removal systems.

The global orthopedic accessories market is expected to fall from US$1.9 billion in 2019 to US$1.5 billion in 2020, with a compound annual growth rate (CAGR) of -22.7%. The main reason for the decline was the COVID-19 outbreak and its control measures. Some medical institutions in the affected countries have been completely closed or only provide very little treatment in emergency situations. Due to the national blockade, plastic surgery operations have been postponed and in some cases cancelled. Restrictions on non-essential medical services, including orthopedic services, coupled with the prolonged closure of factories in various countries/regions, have slowed the production of orthopedic equipment and implants, resulting in a significant decline in market growth. Then, the market is expected to recover from 2021 and grow at a compound annual growth rate of 2.4%, reaching $2.

The increase in the number of medical cases caused by road and sports accidents has boosted the orthopedic accessories market. In road traffic accidents and sports accidents, bones and other muscle tissues are likely to be broken. Therefore, orthopedic accessories such as arm support, knee support and buttocks support are needed to treat broken tissues and broken joints during treatment. /Bone provides rigid support. Orthopedic accessories can fix bones and give them time to heal. Similarly, orthopedic accessories (such as bone cements and castings) help to join broken bones and fill the gaps that exist in or between bones. According to a report released by the WHO in 2018, about 20-50 million people worldwide suffer non-fatal injuries due to road traffic accidents every year. Similarly, according to a survey by the Stanford Child Health Organization, more than 3. Every year, 5 million children aged 14 or below are injured by participating in sports or participating in some recreational activities. With the increase in road traffic accidents and traffic accidents, the number of medical cases that require plastic surgery accessories to be properly treated will increase, thereby driving the plastic surgery accessories market.

The high product recall rate limits the orthopedic accessories market. Product recall is the process of retrieving all sold or defective products on the market. If an orthopedic parts company recalls a product from the market, the company will bear all costs for repairing the defective product and replacement costs. Replacement costs for large companies can be as high as billions of dollars, which limits the growth of the company and the entire market. For example, in 2019, Signature Orthopedics Pvt Limited recalled its knee replacement component, the Genius knee bone cement tibial component, due to product mix. According to a study by researchers at the University of Texas Medical and Naval Medical Center, orthopedic devices accounted for 12% of all medical device recalls. Such a high recall rate is affecting the sales of plastic surgery accessories and causing manufacturing companies to incur additional costs in repairing and replacing these devices, thus hindering market growth.

Companies in the orthopedic accessories market are increasingly using 3D printing technology to improve production efficiency and make customized accessories based on patient requirements. 3D printing technology is a process of manufacturing complex structures, which is constructed by stacking thin layers of materials and cutting out unwanted parts. In the case of orthopedic treatment, many people have different body shapes and sizes. 3D printing allows companies to manufacture accessories according to patient requirements. For example, ZSFab uses 3D printing technology to manufacture orthopedic accessories, such as neck guards and wrist rests. In addition, companies such as Stryker, Medtronic, and Smith & Nephew are all working on 3D printing to improve manufacturing efficiency and product quality.

The plastic surgery accessories market is regulated by the US FDA and the European Council. For example, the European Union Medical Device Regulation (MDR 2017/745) will replace the two existing directives, and the new regulation will take effect in 2020. Therefore, orthopedic accessory manufacturers need to maintain a unique device identification to improve the traceability of the device, including cosmetic devices that have the same characteristics and risk characteristics as similar medical devices. The regulation requires manufacturers to introduce implant cards, which should contain information about the medical device implanted by the patient. MDR 2017/745 also aims to strengthen the post-marketing regulatory requirements for manufacturers and set high standards for the quality and safety of medical equipment for the health and safety of patients and users. Similarly, the medical equipment management system standard-ISO 13485 has also been updated.

The countries covered by the global orthopedic accessories market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the United Kingdom, the United States, and Australia.

The global orthopedic accessories market covers the Asia-Pacific region, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Global orthopedic accessories market segmentation

  • 1) By type: bone cement, casting system, removal system.
  • 2) By application: hips, knees, spine.
  • 3) End users: hospitals, orthopedic clinics, trauma fixation centers.

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