Orthopedic Devices Market Overview and Product Scope 2019-2023

GLOBAL ORTHOPEDIC DEVICES MARKET - GROWTH, TRENDS, AND FORECAST (2019 - 2023):-
The report presents an opportunity to unlock comprehensive insights with respect to the Global Orthopedic Devices Market and helps in forming well-informed strategic decisions. The research uncovers some of the substantial parameters that must be taken into consideration before entering into the Orthopedic Devices Market.

The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Orthopedic Devices Market: DEPUY SYNTHES COMPANIES, DJO GLOBAL INC., GLOBUS MEDICAL INC., INTEGRA LIFESCIENCES, MEDTRONIC SPINAL, NUVASIVE INC., SMITH & NEPHEW PLC, STRYKER CORPORATION, WRIGHT MEDICAL GROUP NV, and others.

The orthopedic devices market is expected to witness a CAGR of 5.5% during the forecast period, 2018-2023.

Click the link to get a FREE Sample Copy of the Report: https://www.marketinsightsreports.com/reports/01241065280/global-orthopedic-devices-market-segmented-by-application-and-geography-growth-trends-and-forecast-2018-2023/inquiry?source=openpr&Mode=19

KEY DEVELOPMENTS
- March 2017: Integra LifeSciences announced commercial expansion of the cadence total ankle system- a new ankle prosthesis developed in partnership with four world-leading foot and ankle surgeons
- December 2017: Smith & Nephew announced that it has completed the acquisition of Rotation Medical Inc.

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.

Click the link to BUY Full Report:
https://www.marketinsightsreports.com/report/purchase/01241065280?mode=su?source=openpr&Mode=19

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.

WHAT ARE THE MARKET FACTORS THAT ARE EXPLAINED IN THE REPORT?
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, Orthopedic Devices, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Orthopedic Devices Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

The report has 150 tables and figures browse the report description and TOC:
https://www.marketinsightsreports.com/reports/01241065280/global-orthopedic-devices-market-segmented-by-application-and-geography-growth-trends-and-forecast-2018-2023?source=openpr&Mode=19

ABOUT US:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

MARKET INSIGHTS REPORTS
4893, Pepper drive, Harrisburg ,NC 28075,United States.
CONTACT US:
Irfan Tamboli (Head of Sales) - Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com |irfan@marketinsightsreports.com

This release was published on openPR.