Global “Orthopedic Devices Market” Report 2021 (value and volume) by company, regions, product types, end industries, history data and estimate data. Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. This report focuses on the Orthopedic Devices in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India. Orthopedic Devices Market report categorizes the market based on manufacturers, regions, type, and application. Orthopedic Devices Market reports offer a detailed assessment of the Orthopedic Devices including enabling technologies, current market situation, market assumptions, restraining factors.
The Global Orthopedic Devices market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.
The orthopedic devices market is expected to witness a CAGR of 5.5% during the forecast period, 2018-2023. North America has been dominating the orthopedic devices market and is expected to maintain its dominance throughout the forecast period.
Rising Demand for Orthopedic Implants
The number of people undergoing joint replacement surgeries, such as total hip and knee replacement, has increased steadily and continues to increase, due to an increase in aging population. Rise in the osteoporosis-related fractures and musculoskeletal diagnoses, are driving the demand for orthopedic implants among the population aged 65 years or older. In December 2012, a study based on the global burden of disease and the worldwide impact of the diseases and risk factors, found that the musculoskeletal conditions, such as arthritis and back pain, are to affect more than 1.7 billion people worldwide. Therefore, statistics show that the number of orthopedic surgeries is increasing, which leads to the increase in demand for the orthopedic implants.
The other driving factors also include an increasing number of large joint reconstruction surgeries; growing elderly population increases the prevalence of orthopedic disorders and development of bio-absorbable and titanium implants.
Alternative Procedures such as Tissue Engineering and Development of New Drugs
Nowadays, many surgeons are choosing alternative methods, such as relaxation techniques, to supplement the conventional medicines. Also, many patients are not willing to undergo surgery, mainly due to the risks involved. Hence, many patients prefer the alternatives or non-surgical procedures, like yoga or physiotherapy. Therefore, the penetration of the preference for replacement surgeries is limited in the market. Many new drugs have also been developed that can be used as an alternative method to the surgical procedures, which hinders the growth of orthopedic device market.
The other factor is stringent regulatory reforms, which is also hampering the growth of the market.
North America to Dominate the Market
North America is expected to dominate the market due to the increasing awareness of the minimally-invasive procedures for orthopedic surgeries, continuous innovation in the implant technologies, and advanced healthcare facilities. A high adoption rate of advanced technologies are also the factors driving the growth of the market in this region. The demand for the orthopedic surgeries in China and India is also expected to grow tremendously in the near future.
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The global Orthopedic Devices market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.
Orthopedic Devices Market Report covers the Top Key-players in 2021:-
- Depuy Synthes Companies
- Djo Global Inc.
- Globus Medical Inc.
- Integra Lifesciences
- Medtronic Spinal
- Nuvasive Inc.
- Smith & Nephew Plc
- Stryker Corporation
- Wright Medical Group Nv
- Zimmer Biomet
Highlighted points of Orthopedic Devices Market Size:
- Covers the varying market dynamics of the industry.
- In-depth analysis of market risks, opportunities, limitations, and growth of the market.
- Includes market driving and restraining factors.
- Participants profiles along with product description, overview, and business data.
- Include details of five years of forecast analysis by types, regions, and applications.
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This Orthopedic Devices Market Research/analysis Report Contains Answers to your following Questions
- Which Manufacturing Technology is Used for Orthopedic Devices? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Orthopedic Devices Market? What’s Their Company Profile, Their Product Information, Contact Information?
- What Was Global Market Status of Orthopedic Devices Market? What Was Capacity, Production Value, Cost and PROFIT of Orthopedic Devices Market?
- What Is Current Market Status of Orthopedic Devices Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Orthopedic Devices Market by Taking Applications and Types in Consideration?
- What Are Projections of Global Orthopedic Devices Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
- What Is Orthopedic Devices Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is Economic Impact On Orthopedic Devices Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of Orthopedic Devices Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Orthopedic Devices Industry?
Key Developments in the Orthopedic Devices Market:
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Finally, the report Global Orthopedic Devices Market 2021 describes the Orthopedic Devices industry expansion game plan, the Orthopedic Devices industry knowledge supply, appendix, analysis findings, and the conclusion.
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