Press release
What's driving the Orthopedic Devices Market Size? Stryker, Medtronic, Zimmer Biomet, DJO Global, ConforMIS, NuVasive, MicroPort Scientific Corporation (Wright Medical Group), Globus Medical, Medacta, DePuy Synthes and Smith & Nephew
Orthopedic Devices Market
The ‘Orthopedic Devices Market’ research report assembled by Market Study Report, LLC, delivers a comprehensive analysis on the newest market drivers. The report also offers extracts regarding statistics, market valuation and revenue estimates, which further strengthens its status in the competitive spectrum and growth trends embraced by leading manufacturers in the business.
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Few of the prominent market players involved in global orthopedic devices market are Stryker, Medtronic, Zimmer Biomet, DJO Global, ConforMIS, NuVasive, MicroPort Scientific Corporation (Wright Medical Group), Globus Medical, Medacta, DePuy Synthes and Smith & Nephew. The industry participants are engaged in acquisition and collaborations to enhance their market foothold and expand geographic reach.
Rising prevalence of degenerative bone diseases such as osteoporosis and osteoarthritis will be the key drivers of orthopedic devices market growth. As per Center for Disease Control and Prevention, in U.S. about 54 million people suffer from some form of arthritis annually. With growing number of people suffering from degenerative bone diseases, the demand for orthopedic devices is poised to grow in the future.
The development of new products made of ceramics and polymers, bio-absorbable implants has boomed the success rate of orthopedic surgeries. The ability of such implants to offer compensations like fracture toughness, increased mechanical performance, rigidity and strength are the key factor that nurtures its adoption during the forecasted period.
Joint reconstruction market is expected to reach USD 22.4 billion by 2025. Joint reconstruction procedures such as ankle, hip, shoulder and knee replacement are gaining popularity around the world. These procedures are becoming more common and less costly with time and therefore despite of being among the oldest orthopedic therapeutic offering, their market is still growing at a steady pace.
U.S. orthopedic devices market accounted for largest share in 2018 and is forecasted to grow at 2.4% CAGR over the projected period. As per the American Journal of Orthopedics Musculoskeletal disorders represent the most common and costly health issues in US, affecting individuals economically and medically. The escalating prevalence of degenerative bone disease, obesity, steep rise of sports injuries and sedentary lifestyles resulting in early musculoskeletal disorders boost the market growth.
China orthopedic devices market is estimated to reach USD 2,783.3 million by 2025. China constitutes over 100 million people over the age of 65, suffering from ailments that require orthopedic treatment. Medical insurance coverage, improved healthcare, rise in incomes and urbanization is anticipated to bolster the demand for devices in this region.
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Report Content
Chapter 1. Methodology
Chapter 2. Executive Summary
Chapter 3. Orthopedic Devices Market Industry Insights
Chapter 4. Orthopedic Devices Market, By Product
Chapter 5. Orthopedic Devices Market, By Region
Chapter 6. Company Profiles
6.1. aap Implantate AG
6.2. Alphatec Spine Inc.
6.3. Arthrex
6.4. B. Braun Melsungen AG
6.5. ConforMIS, Inc.
6.6. Conmed Corporation
6.7. DePuy Synthes Companies
6.8. DJO Global
6.9. Globus Medical
6.10. Integra LifeSciences
6.11. Medacta
6.12. Medtronic Spinal
6.13. Microport Scientific Corporation
6.14. NuVasive
6.15. Smith & Nephew
6.16. Stryker
6.17. TriMed Inc.
6.18. Waldemar LINK
6.19. Zimmer Biomet
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