Press release
Orthopedic Accessories Market Report 2020-2023 Trends, Drivers, Strategies | Stryker, Zimmer-Biomet Holding, DePuy Synthes, Smith and Nephew PLC, McDavid
The Business Research Company
The global orthopedic accessories market is expected to decline from $1.9 billion in 2019 to $1.5 billion in 2020 at a compound annual growth rate (CAGR) of -22.7%. The decline is mainly due to COVID-19 outbreak and the measures to contain it. 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 2.4% from 2021 and reach $2.1 billion in 2023.
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The orthopedic accessories market consists of sales of orthopedic accessories and related services. Orthopedic accessories are used to fix or remove implants from the body. Some of the key products included in this market are bone cements, casting materials, and removal systems.
High rate of product recalls is restraining the Orthopedic Accessories market. Product Recall is a process of retrieving all faulty and defective products that have been sold or are available in the market. If an orthopedic Accessory company recalls a product from the market, the company takes up all the cost of fixing the defective product and cost of replacement.
Orthopedic Accessories Market Segmentation:
By Type
1. Bone Cement,
2. Casting System,
3. Removal System
By End User
1. Hospital,
2. Orthopedic Clinic,
3. Trauma Fixation Center.
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Few Points From Table Of Content
1. Executive Summary
2. Orthopedic Accessories Market Characteristics
3. Orthopedic Accessories Market Size And Growth
4. Orthopedic Accessories Market Segmentation
5. Orthopedic Accessories Market Regional And Country Analysis
……
25. Orthopedic Accessories Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Orthopedic Accessories Market
27. Orthopedic Accessories Market Trends And Strategies
28. Orthopedic Accessories Market Future Outlook and Potential Analysis
29. Appendix
The report covers the trends and market dynamics of the orthopedic accessories market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the orthopedic accessories market are Rehband, Nordic Lifting, BioSkin, Bauerfeind, Futuro, Winzone, Ultra Flex Athletics, EVS Sports, Neo G, NatraCure, United Ortho, Corflex Cryo, DJO Global, Arthrex, Tecres SpA, Heraeus Holding and Teknimed, OsteoRemedies.
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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