Orthopedic Devices Market Growth Continues to Shine in Healthcare Industry

As per the TMR report, the global orthopedic devices market was valued at US$46,900 mn in 2017. Along with this, it is believed that the market might achieve US$65,000 mn by 2026 with a steady CAGR of 3.0% throughout the forecast duration of 2018 – 2026. Geographically, North America will lead the global orthopedic devices market in the forthcoming years. Increasing adoption of advanced orthopedic solutions and improved healthcare infrastructure will stimulate business growth. Rising R&D support to develop innovative products could also augment industry expansion.

The global orthopedic devices market is categorized into product and end-use. Further, the product is segmented into joint reconstruction, spinal devices, trauma fixation, orthopedic prosthetics, arthroscopy devices, orthopedic braces and supports, and orthopedic accessories. Among these, joint reconstruction segment will lead the global orthopedic devices market. The segment is gaining popularity due to growing unmet need for better and effective solutions for bone related ailments. Technological advancements in implants and minimally invasive implant techniques are expected to promote business growth.

Obtain Report Details @ https://www.transparencymarketresearch.com/orthopedic-devices-market.html

Usage of Biodegradable Implants Factoring the Global Orthopedic Devices Market

Rising preference for minimally invasive surgical procedures and massive usage of biodegradable implants for medical treatment will contribute substantially towards the global orthopedic devices market share in future. Obesity, sedentary lifestyle, irregular diet, and high consumption of alcohol will further add to the growing popularity of the orthopedic devices market. This market is projected to witness remarkable growth in developing nations as compared to developed nations.

Request a Sample of Report at https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1781

The number of people undergoing joint replacement surgeries, like total hip and knee replacement, has increased steadily and continuously due to rise in aging population. Rise in the osteoporosis-related fractures and musculoskeletal diagnoses, are driving the demand for orthopedic implants among the aged population.

The other driving factors also include an increasing number of large joint reconstruction surgeries. Along with, growing elderly population increases the prevalence of orthopedic disorders and development of bio-absorbable and titanium implants.

Request For Discount On This Report – https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=1781

Stringent Regulatory Reforms, the Biggest Challenge for the Market

Nowadays, many surgeons are choosing alternative methods, such as relaxation techniques, to supplement the conventional medicines. Also, many patients are not willing to undergo surgeries, mainly due to the risks involved. Hence, many patients prefer the alternatives or non-surgical procedures, like yoga or physiotherapy. Therefore, the penetration of 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 devices market. The other factor is stringent regulatory reforms, which is also hampering the growth of the market.

Request For Custom Research – https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=1781

The global orthopedic devices market depicts the existence of a highly fragmented vendor landscape. The market is projected to remain in a similar scenario for the next few years, states a new research study published by Transparency Market Research. Key players in the market, in order to enhance their market penetration globally, are focusing on introducing new and innovative business strategies. In addition to this, the rising development activities are predicted to enhance growth of the overall market in the upcoming years. Some of the leading players operating in the orthopedic devices market across the globe are Medtronic Spinal, DJO Global, Arthrex, Inc., NuVasive, Inc., and Globus Medical. Furthermore, with the entry of new players, the market is expected to witness a high level of competition in the forthcoming years.

Browse Press Release – https://www.transparencymarketresearch.com/pressrelease/orthopedic-devices-market.htm

This review is based on Transparency Market Research’s report, titled “Orthopedic Devices Market (Product – Joint Reconstruction, Spinal Devices, Trauma Fixation, Orthopedic Prosthetics, Arthroscopy Devices, Orthopedic Braces and Supports, and Orthopedic Accessories; End use – Hospitals, Orthopedic Clinics, and Ambulatory Surgical Centers)– Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026.”

Contact Us

Transparency Market Research
State Tower,
90 State Street, Suite 700
Albany, NY 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

This release was published on openPR.