Orthopedic Devices Market 2020 Enhancement in Medical Sector - Johnson & Johnson; Zimmer Biomet Holdings; Stryker Corporation

Orthopedic Devices Global Market Report 2020-30: Covid 19 Impact and Recovery

The orthopedic devices (or) equipment market consists of sales of orthopedic devices and related services by entities (organizations, sole traders and partnerships) that produce orthopedic devices used in treating bone abnormalities. This industry includes establishments that produce devices used in joint reconstruction, spinal surgeries, Craniomaxillofacial surgeries and orthobiologics implants. It also includes establishments manufacturing orthopedic accessories to fix or remove implants from the body and artificial devices to replace missing body part from the body under orthopedic prosthetics.

The global orthopedic devices market is expected to decline from $52.7 billion in 2019 to $39.3 billion in 2020 at a compound annual growth rate (CAGR) of -25.6%. The decline is mainly due to COVID-19 outbreak and the measures to contain it. Several medical care facilities in affected countries have been completely closed or have been only providing minimal treatment for emergency cases. The orthopedic surgeries have been postponed and in some cases cancelled due the nations lockdown. The restrictions on non-essential medical services including orthopedic services coupled with slowed production of orthopedic devices and implants due to extending factory closures in various countries is contributing to the markable decline in the market growth. The market is then expected to recover and grow at a CAGR of 5% from 2021 and reach $63.6 billion in 2023.

North America was the largest region in the global orthopedic devices market, accounting for 44% of the market in 2019. Asia Pacific was the second largest region accounting for 23% of the global orthopedic devices market. Africa was the smallest region in the global orthopedic devices market.

Top Leading Companies mentioned are

Johnson & Johnson; Zimmer Biomet Holdings; Stryker Corporation; Smith & Nephew PLC; B. Braun Melsungen

Biodegradable implants are increasingly being used in trauma orthopedic surgeries. Biodegradable implants are used to replace a missing biological structure, support a damaged biological structure, and enhance the existing bone structure. Biodegradable products such as reabosorbable polymers composed of polyglycolic acid and poly lactic acid manufactured in the form of plates, screws, and pins are replacing traditional devices like plates and screws which are more expensive. Surgeons are preferring biodegradable implants to replace conventional implants, as biodegradable implants can be engineered to provide temporary support for bone fractures; can degrade at a rate matching new tissue formation; can eliminate the need for second surgery, are highly useful in fracture fixation in children; and result in less implant related infections. For instance, Stryker Corp. offers orthrobiologics such as bone repair biodegradable products that are used in bone regeneration and bone healing, soft tissue regeneration and muscle connection to bone.

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Market Segmentation by Types:

1) By Type: Joint Reconstruction Devices And Equipment; Spinal Surgery Devices And Equipment; Trauma Fixation Devices And Equipment; Orthobiologics Devices And Equipment; Arthroscopy Devices And Equipment; Orthopedic Braces And Support Devices And Equipment; Craniomaxillofacial (CMF) Devices And Equipment; Orthopedic Prosthetics; Orthopedic Accessories

2) By End User: Hospitals And Clinics; Diagnostic Laboratories; Others

3) By Type of Expenditure: Public; Private

4) By Product: Instruments/Equipment; Disposables

This report provides a detailed analysis of the Orthopedic Devices market with description of market sizing and growth, segmentation of market by products & services and major markets, top market players etc. The report recapitulates the factors that will be responsible for the growth in the market in the forecasted period.

Essential points covered in Global Orthopedic Devices Market2020 Research are: -

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global Orthopedic Devices market?
• What are the key markets trends impacting the growth of the global Orthopedic Devices market?
• What are the challenges to market growth?
• Who are the key vendors in the global Orthopedic Devices market?
• What are the market opportunities and threats faced by the vendors in the global Orthopedic Devices market?
• What are the key outcomes of the five forces analysis of the global Orthopedic Devices market?

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This independent 400 pages report guarantees you will remain better informed than your competition. With over figures examining the Orthopedic Devices market, the report gives you a visual, one-stop breakdown of the leading products, submarket and market leader’s market revenue forecasts as well as analysis to 2020.

Geographically, this report is segmented into several key Regions, with Sales, revenue, Market Share (%) and Growth Rate (%) of Orthopedic Devices in these regions, from 2014 to 2020(forecast), covering Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Furthermore, the report provides a detailed analysis of the global Orthopedic Devices market with analysis of market size by value and volume. Along with this, an analysis of penetration rate and the average revenue generated per user (ARPU) in the market has also been done. The report also includes a detailed analysis of the global Lithium-Ion Batteries market by countries, comprising of its market by value, volume, and ARPU and penetration rate.

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The research includes historic data from 2014 to 2020 and forecasts until 2020 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs. The report will make detailed analysis mainly on above questions and in-depth research on the development environment, market size, development trend, operation situation and future development trend of Orthopedic Devices on the basis of stating current situation of the industry in 2020 so as to make comprehensive organization and judgment on the competition situation and development trend of Orthopedic Devices Market and assist manufacturers and Orthopedic Devices organization to better grasp the development course of Orthopedic Devices Market.

Note: All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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