Orthopedic Devices Market Size to surpass 4.2%+ CAGR up to 2028 | Medtronic, DePuy Synthes (Johnson & Johnson), Stryker Corp., B.Braun

Market Study Report has added a new report on Orthopedic Devices market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of Orthopedic Devices market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.

Global Orthopedic Devices Market Analysis and Forecast 2019-2028 The global orthopedic devices market is expected to expand at a CAGR of around 4.2% during the forecast period.

The high incidence of orthopedic disorders, such as degenerative bone disease, as well as the growing aging population and the rising number of road accidents are some of the major factors that drive the growth of the global orthopedic devices market.

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Orthopedic devices are medical devices that are used to treat and prevent musculoskeletal injuries and abnormalities. These devices aid in the replacement of missing or broken bones, as well as providing support for the fractured bone.
Market Segmentation

Market Structure and Competition Landscape

Some of the prominent players that contribute significantly to the market growth are Medtronic PLC, DePuy Synthes (Johnson & Johnson), Stryker Corp., NuVasive Inc., B.Braun Melsungen AG, Zimmer Biomet, Globus Medical Inc., Orthofix Medical Inc., Aesculap Inc., CONMED Corp., and Donjoy Inc. among others.

The global orthopedic devices market has been analyzed on the basis of application, product, surgery type, end user, and region. Based on application, the market is segmented into hip orthopedic devices; knee orthopedic devices; spine orthopedic devices; dental orthopedic devices; sports injuries, trauma, and extremities (SET) orthopedic devices; and craniomaxillofacial (CMF) orthopedic devices.

Among these, knee orthopedic devices segment is estimated to hold a prominent share in the market. Based on product, the market is segmented into drill guide, guide tubes, implant holder, custom clamps, distracters, screw drivers, and accessories. Based on surgery type, the market is bifurcated into open surgery and minimally invasive surgery. Owing to the increasing demand for minimally invasive surgery, it is estimated to exhibit a considerable growth rate during the forecast period.

Further, on the basis of end user, the market covers the analysis of hospitals, orthopedic clinics, and others. Among these, hospital segment is estimated to hold a prominent share in the market. Geographically, the market is analyzed into North America, Western Europe, Eastern Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is estimated to hold a prominent share in the market.

Some of the recent developments in the market include:

• In March 2021, Implanet, a medical technology company specializing in knee-surgery implants, acquired Orthopaedic & Spine Development (OSD).

• In November 2020, Medtronic PLC launched the Adaptix Interbody System, a titanium spinal implant. Titan Spine, a privately held surface technology and titanium spine interbody implant company, was also purchased by Medtronic. Such measures will help the market flourish even further.

Questions And Answers: Global Orthopedic Devices Market

Q1. What is the CAGR that the Orthopedic Devices Market is expected to register through the projected duration?

Answer: The Orthopedic Devices Market is likely to register a CAGR of 4.2% over the forecast period.

Q2. Which Are the Key Players in Global Orthopedic Devices Market?

Answer: Medtronic PLC, DePuy Synthes (Johnson & Johnson), Stryker Corp., NuVasive Inc., B.Braun Melsungen AG, Zimmer Biomet, Globus Medical Inc., Orthofix Medical Inc., Aesculap Inc., CONMED Corp., and Donjoy among others are the leading players in worldwide Orthopedic Devices Market

For more details on this report: https://www.marketstudyreport.com/reports/global-orthopedic-devices-market-trends-analysis-and-forecast-2019-2028

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