Orthopedic Devices Market Report 2022: Size, Share, Growth, Trends, Manufacturers, Forecast To 2031

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The global orthopedic devices market report by the business research company the increase in the patient pool due to the rising geriatric population globally to be a major growth driver for the orthopedic devices market. According to the Population Reference Bureau, the share of the population over the age of 65 in the global population increased to 9% in 2019. The global population aged 65 years or over was 703 million in 2019. This rise in the geriatric population increased the demand for medical care and drove the healthcare expenditure. These factors increased the demand for these products and drove the market during the historic period

The global orthopedic devices market grew from $39.17 billion in 2021 to $42.85 billion in 2022 at a compound annual growth rate (CAGR) of 9.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The orthopedic devices market is expected to grow to $52.78 billion in 2026 at a CAGR of 5.3%.

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North America was the largest region in the global orthopedic devices market in 2021. Western Europewas the second largest region in the global orthopedic devices market. The regions covered in orthopedic devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Major players in the orthopedic devices market are Johnson & Johnson, Zimmer Biomet Holdings, STRYKER CORPORATION, Medtronic Inc., Smith & Nephew plc, Colfax Corporation, NuVasive, Inc., Wright Medical Group, Inc., Globus Medical Inc., and B. Braun Group

The global orthopedic devices market is segmented -
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
2) By End User: Hospitals And Clinics, Diagnostic Laboratories, Other End Users
3) By Type of Expenditure: Public, Private
4) By Product: Instruments/Equipment, Disposables

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The Orthopedic Devices Market Report Contents Include
1. Executive Summary
2. Report Structure
3. Orthopedic Devices Market Characteristics
4. Orthopedic Devices Market Product Analysis
5. Orthopedic Devices Market Supply Chain
.......
21. Key Mergers And Acquisitions In The Orthopedic Devices Market
22. Market Background: Medical Equipment Market
23. Recommendations
24. Appendix
25. Copyright And Disclaimer

This report covers the trends and market dynamics of the orthopedic devices 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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