Orthopedic Devices Market Size, Share, Growth, Trends, Revenue, Competitive Landscape, Forecast Report

Orthopedic Devices Market


Market Highlights

The global Orthopedic Devices Market Size has been evaluated as steadily growing market and it is expected that the market will continue to grow similarly in the near future. Increasing prevalence of osteoporosis, increasing cases of accidents, and increasing aging population are key driving forces for global orthopedic devices market. Technological advancement, new treatment methods, and changing medical sector are also major factors for market growth. Increasing funding for research and new product development is leading the market growth.

The Orthopedic Devices Market was around US$ 43.8 billion in 2016 and is expected to reach US$ 58.8 billion which is projected to grow at a CAGR of 10.4% by 2030.

Taste the market data and market information presented through more than 86 market data tables and 64 figures spread over 129 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Orthopedic devices Market – Trends & Forecast, 2017-2023”

Major Players in Orthopedic Devices Market:

There are plenty of large and small market players which operate in orthopedic device companies DePuy Synthes Companies (US), Globus Medical, Inc. (US), Medtronic (Republic of Ireland), NuVasive, Inc. (US), Smith & Nephew plc. (UK), Stryker Corporation (US), and Zimmer Inc. (US)

Segmentation:

Global orthopedic industry has been segmented

·         on the basis of type which comprise Trauma Fixation, Spinal Devices, Joint Replacement, Consumables & Disposables, Bone Repair, and Others.

·         On the basis of application, it is segmented into, Spine, Trauma and extremities, Knee, Hip, Foot and ankle, and others.

·         On the basis of end user, it is segmented into, Ambulatory surgery centers, Hospitals, and medical research center.

Orthopedic devices is one of the steadily growing segments of medical devices. Most of the major brands are increasing their product portfolio related to orthopedic segment. Major players are investing huge money in R&D and new product development that leading competition in this market. Top brands are holding about 60% market share of global orthopedic devices market while other medium or small players are focusing on sub segments and capturing small market share.  Major companies are adopting a specific strategy to enter and create unique space in this market. The different strategies include, product launch, agreement and collaboration, partnership and expansion, joint venture and strategic alliance etc. Most of the key players expanding their business in developing region like Asia-Pacific. All the players are trying to grab major market share that makes this market more competitive.

Regional Analysis:

Considering the global scenario of the orthopedic devices market, North America is largest market for orthopedic devices. In 2016, Europe was holding major market share in global orthopedic devices market the countries like Germany, France and UK are holding major stake in this market. The Asia-Pacific (APAC) region is witnessing fastest growth of orthopedic devices market. While Middle East and Africa orthopedic devices market is growing steadily and expected to grow at lower than global average during the forecast period.           

Related Report:

·         Single-Photon Emission Computed Tomography Market Research Report – Global Forecast till 2027       

·         Hair Removal Devices Market Research Report – Global Forecast till 2027           

About US:

Market Research Future (MRFR) enable customers to unravel the complexity of various industries through Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact us:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street,5Th Floor, New York,

New York 10013

 

 

 


Comments

Post a Comment

Popular posts from this blog

Dry Age-Related Macular Degeneration Market Size, Share, Application Analysis, Regional Outlook, Growth Trends, Competitive Strategies

Image
  Dry Age-Related Macular Degeneration Market This degenerative eye disease is caused by the thinning of the macula and interferes with a clear vision in the elderly. The macula is part of the retina that facilitates clear vision; when this part of the eye deteriorates, it causes blurred or distorted vision. But this does not mean that the individual will lose his or her sight, only the central vision is affected by this degenerative disease, and the peripheral vision remains intact. Vision loss is slow and can be corrected using innovative ocular treatments. It has been estimated that the Dry Age-Related Macular Degeneration Market has seen a jump due to increased research in drugs, rising amount of COVID-19 cases among the old and age-restricted chronic diseases.   The dry age-related macular degeneration AMD market is expected to cross USD 15,351.07 million by 2027 at a CAGR of 8.20% during the forecast period   List of Key Companies Covered...
Read more

Cardiopulmonary Resuscitation Market: Innovations and Trends Shaping Life-Saving Techniques

  Introduction Cardiopulmonary Resuscitation (CPR) stands as a vital life-saving technique that has transformed emergency healthcare. As the cornerstone of effective response to cardiac arrest, the CPR market has been witnessing remarkable advancements driven by technology, research, and innovation. This article delves into the evolving landscape of the Cardiopulmonary Resuscitation Market, highlighting its trends, innovations, and impact on global healthcare. CPR: A Lifeline in Critical Moments Cardiopulmonary resuscitation, commonly referred to as CPR, is a crucial technique employed to sustain blood circulation and provide oxygen to the brain during cardiac arrest. It involves chest compressions and, in some cases, rescue breaths to maintain oxygen levels until professional medical assistance arrives. CPR significantly increases the chances of survival when performed promptly and correctly. Market Growth and Trends The CPR market has been experiencing steady growth due to incre...
Read more

Pain Management Devices Market Set To Exhibit Strong Growth, Valuable Research Factors and Industry Forecast to 2030

Image
  Pain Management Devices Market – Overview The Pain Management Devices Market can anticipate expansion at a rate of 7.12% from 2020 to 2030, believes MRFR (Market Research Future). Progress in technology and better research capabilities have led to the development of devices that can control pain with limited use of drugs. Focused Market reports connected to the healthcare sector among others lately have been made available by Market Research Future which publishes a report on this sector. The development of pain management devices has been useful to control pain in a wide range of ailments. The level of relief from pain that is experienced, is one of the major driving factors for the industry, as patients who use such devices are prone to chronic pain daily. Cancer patients and the geriatric population are among the major user segments for the pain management devices as medication alone may not be sufficient to provide pain relief in their situation. The industry is antici...
Read more