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Stryker, Zimmer Biomet, Profiled in Orthopedic Devices Market|Key Players: DePuy Synthes Companies, Integra LifeSciences, NuVasive, CONMED Corporation, Aesculap, Alphatec Spine

10-30-2018 03:02 PM CET | Health & Medicine

Press release from: Global Market Insights Inc.

Orthopedic Devices Market

Orthopedic Devices Market

Advances in osteology to develop cost effective devices along with technological innovation in robot assisted surgical interventions, implants and 3D printing will boost the orthopedic devices market size over the forecast years. Emerging countries should offer lucrative growth opportunities due to increasing elderly population, rising prevalence of bone disorders and adoption of novel technologies over coming years.
Inflated surgery and devices cost, lack of skilled human resource and presence of non-uniform reimbursement scenario across different regions should restrain industry growth. Low per capita income levels in developing countries and lack of awareness will further limit business expansion.

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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1.DePuy Synthes Companies
2.Integra LifeSciences
3.NuVasive
4.CONMED Corporation
5.Aesculap
6.Alphatec Spine
7.Globus Medical 8.Medacta USA, Inc.
9.Conformis
10.Smith & Nephew
11.Medtronic Spinal & Biologics
12.DJO Global
13.Waldemar Link GmbH & Co. KG
14.TriMed

U.S. orthopedic devices market was valued at over USD 20 billion in 2016 and is anticipated to witness significant growth over the coming years. Rising prevalence of osteoporosis, osteoarthritis, and musculoskeletal disorders, growing geriatric population, adoption of advanced technologies and presence of sophisticated healthcare infrastructure should boost orthopedic devices industry growth.
UK orthopedic devices market accounted for more than 15% of Europe revenue share, owing to huge geriatric population base and rising prevalence of bone diseases. Increasing economic burden of fractures and other bone related ailments should accelerate growth.
Japan orthopedic devices market held over 40% of regional revenue share with the target market size set to exceed USD 2 billion by 2024. Rapidly growing geriatric population base and increasing incidence of spine disorders and bone injuries should stimulate business growth. Adoption of advanced technologies and growing patient awareness will also propel industry growth.

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Trauma fixation devices should witness lucrative growth due to rising geriatric population susceptible to bone disorders and growing instances of road accidents, leading to bone fractures and spinal injuries. However, high devices cost and expensive nature of surgeries may hamper industry growth over forecast years.
Orthobiologics is set to exceed USD 4 billion by 2024, owing to its rising demand among surgeons as a bone grafts and substitutes. Growing geriatric population, increasing prevalence of musculoskeletal disorders, changing lifestyle and availability of innovative products will trigger industry growth.

Orthopedic Devices Market By Product
o Joint Reconstruction
o Hip Replacement
o Knee Replacement
o Ankle Replacement
o Shoulder Replacement
o Spinal Devices
o Trauma Fixation Devices
o Orthobiologics
o Arthroscopic Devices

Global Market Insights Inc. is a global market research and management consulting company catering to leading corporations, non-profit organizations, universities and government institutions. Our main goal is to assist and partner organizations to make lasting strategic improvements and realize growth targets. Our industry research reports are designed to provide granular quantitative information, combined with key industry insights, aimed at assisting sustainable organizational development.

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