Orthopedic Devices Market Analysis, Global Insights, Size, Type, Demand, Growth Rate, Key Segments And Current Trends, Forecast 2027

Posted on Sep 21 2022 9:52 AM

"Prominent Players Covered in the Orthopedic Devices Market Research Report Are Smith & Nephew, Stryker, Zimmer Biomet, Medical Devices Business Services, Inc. (Johnson & Johnson), NuVasive, Inc., Medtronic Integra LifeSciences, Wright Medical Group N.V., Össur Corporate, Globus Medical and others"

The global “Orthopedic Devices Market Size" is expected to rise with an impressive CAGR and generate the highest revenue by 2027. Fortune Business Insights™ in its latest report published this information. The report is titled " Orthopedic Devices Market Size, Share & Trends, 2027". The report discusses research objectives, research scope, methodology, timeline and challenges during the entire forecast period.

The global orthopedic devices market size was USD 53.44 billion in 2019 and is projected to reach USD 68.51 billion by 2027, exhibiting a CAGR of 6.6% during the forecast period.

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The report evaluates the important characteristics of the market based on present industry scenarios, market demands and business strategies. Also, the research report separates the industry based on the Orthopedic Devices Market share, types, applications, growth factor, key players and regions.

High Purchasing Power of the Masses to Favor Growth in Asia Pacific

Geographically, the market is fragmented into Latin America, Asia Pacific, the Middle East and Africa, North America, and Europe. Amongst these, North America procured USD 23.86 billion orthopedic medical devices market revenue in 2018. This growth is attributable to the presence of adequate reimbursement policies, as well as surging incidence of orthopedic surgeries. Apart from these, availability of state-of-the-art treatment options and rising awareness among the patient pool regarding the presence of these advanced devices would contribute to the market growth.

Drivers & Restraints

A rapid rise in the incidence of musculoskeletal diseases and orthopedic injuries leading to limited mobility & agonizing physical pain is the primary factor that will fuel the demand for these devices during the forecast period. According to a report published by the American Academy of Orthopedic Surgeons, about 6.8 million patients with orthopedic injuries come to medical attention each year in the United States alone. Moreover, a substantial rise in the prevalence of osteoporosis (brittle bone) which is categorized by low bone to mass density ratio and physical weakening of bone tissues is expected to propel the demand for orthopedic surgical devices in the near future. According to the data published by the National Institute of Health (NIH), more than 53 million people in the United States are estimated to have osteoporosis and are susceptible to a higher risk of this disease due to the low bone to mass ratio.

Key Players:

  • Stryker (Kalamazoo, U.S.)    
  • Johnson & Johnson Services, Inc. (New Jersey, U.S)
  • Zimmer Biomet (Warsaw, U.S.)         
  • Smith & Nephew (Hertfordshire, U.S.)
  • Medtronic (Dublin, Ireland)
  • NuVasive, Inc. (California Inc.)
  • Arthrex Inc. (Florida, U.S.)
  • Globus Medical (Pennsylvania, U.S.)
  • Össur Corporate (Reykjavik, Iceland)
  • Integra LifeSciences (New Jersey, U.S.)
  • Other prominent players

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COVID-19 Outbreak Impact Analysis on Orthopedic Devices Market

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

The COVID-19 outbreak has spawned widespread economic distress and uncertainty, with many industries, markets, and businesses undergoing tremendous stress. However, together, the global community can tide over these challenging times and at Fortune Business Insights™, we aim to provide precise market intelligence through extensive and intensive research into the impact of this pandemic on various businesses.

Primary Research:

Various sources from both the supply and demand sides were interviewed during the primary research process to obtain qualitative and quantitative information for this report. Primary sources included industry experts from the core and related industries, as well as preferred suppliers, manufacturers, distributors, technology developers, researchers, and organizations from all segments of the value chain of this industry.

To obtain and verify critical qualitative and quantitative information, in-depth interviews were conducted with a variety of primary respondents, including key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants.

Orthopedic Devices Market Introduction, Overview, and In-depth industry analysis:

  • Top key players with their business strategy, sales volume, and revenue analysis
  • Latest technological developments
  • Robust facts and factors research methodology
  • Regional analysis with graphical representation of size, share & trends
  • Market trends, obstacles and growth drivers
  • Includes list of table & figures

Highlights of the Orthopedic Devices Market Report:

  • Market Development: Comprehensive information about emerging industry. This report analyses for various segments across geographies
  • Development/Innovation: Detailed insights on the upcoming technologies, RandD activities, and product launches in the market
  • Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the industry.
  • Market Diversification: Exhaustive information about new launching, untapped geographies, recent developments, and investments in the market 

Major table of contents:

  • Orthopedic Devices Market Introduction and Market Overview
  • Research Regions
  • Research Scope and Market Size Estimation
  • Industry Trends
  • Drivers
  • Future Challenges
  • Market Restraints
  • Market Segmentation
  • Research Methodology
  • Market Dynamics
  • Orthopedic Devices Market Development Trends under COVID-19 Outbreak
  • Global Revenue and Growth Rate
  • Industry News and Policies by Regions
  • Concentration Ratio and Market Maturity Analysis
  • Merger, Acquisitions, and Partnerships
  • Porter’s Five Forces Analysis
  • PEST Analysis
  • Applications

TOC Continued………

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