Orthopedic Devices Market 2023 Topmost Players | Globus Medical Inc, Medtronic, NuVasive Inc, stryker Co and More

The Global 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 2023.

An Orthopedic devices are positioned inside the skeleton and muscle groups if you want to correct existing problems or to offer balance. Technological advancements and product improvement are the satisfactory techniques that yield the greatest market benefit. As an example trendy technological trends consist of use of titanium implants which are more potent. Development of titanium implants lined with foam steel surface, imitates the residences of bone and is likewise very well tolerated. Development of bio absorbable screws is any other improvement which has removed publish-operative pain of doing away with the implant.

one of the primary thing liable for the market increase is developing occurrence of orthopaedic diseases, such as degenerative bone disease, fractures, growing variety of street accidents, osteoporosis, arthritis are the important elements riding the market of orthopaedic devices. The arena fitness agency predicts the prevalence of rheumatoid arthritis to be among 0.3% and 1% and more not unusual in women and in evolved nations.

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The prediction additionally states that 9.6% of fellows and 18.0% of girls aged over 60 years have osteoarthritis. Growing instances of obesity, sedentary lifestyles, lengthy working hours, rising sports way of life bring about the early onset of musculoskeletal problems which enhances the market. However, high value of treatment and lack of infrastructure in centre and low profits nations may abate the marketplace boom in the course of forecast length.

The large number of sufferers with unmet desires especially inside the developing regions is the most important market opportunity. Globally there are more than 50 million adults with arthritis. Osteoarthritis, impacts an anticipated 31 million Americans and it's far expected that by using the 12 months 2040, more than 78 million humans will be afflicted by health practitioner-identified arthritis. Accordingly there's a huge unmet need for the Orthopedic devices.

Competitive Analysis:

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) are some of the prominent players at the forefront of competition in the global orthopaedic devices market and are profiled in MRFR Analysis.

April, 2017 - DePuy Synthes Company acquired 3D printing technology from Tissue Regeneration Systems, Inc. (TRS).

Jan, 2017 - DePuy Synthes Company had announced agreement with Pacira Pharmaceuticals Inc. to co-promote EXPAREL, a long-lasting, non-opioid, local analgesic administered at the orthopaedic surgical site in US.

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Segments:

Global Orthopedic devices Market 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.

Brief TOC

1 Report Prologue

2 Market Introduction

2.1 Introduction

2.2 Scope of Study

2.3 Research Objective

2.4 Assumptions & Limitations

2.4.1 Assumptions

2.4.2 Limitations

3 Research Methodology

3.1 Research Process

3.2 Primary Research

3.3 Secondary Research

4 Market Dynamics

4.1 Drivers

4.2 Restraints

5 Market Factor Analysis

…TOC Continued

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