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Orthopedic Accessories Global Market Expected to Reach $3.82 Billion By 2027 | Key Players: Stryker Corporation, DePuy Synthes, McDavid, Donjoy, NuVasive
Orthopedic Accessories Market
The Business Research Company's Orthopedic Accessories Global Market Report 2023 identifies the increase in the number of medical cases due to road and sports accidents is driving the orthopedic accessories market. The probability of bones and other muscle tissues getting ruptured is high in the road and sports accidents, thus requiring orthopedic accessories like arm support, knee braces, and hip support for providing rigid support to the ruptured tissue and broken joint/bones during the treatment.
The global orthopedic accessories market size will grow from $3.25 billion in 2022 to $3.36 billion in 2023 at a compound annual growth rate (CAGR) of 3.5%. 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global orthopedic accessories is expected to grow to $3.82 billion in 2027 at a CAGR of 3.2%.
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Major players in the orthopedic accessories market are Stryker Corporation, Zimmer-Biomet Holding, DePuy Synthes, Smith and Nephew PLC., McDavid, Aesculap Implant System, Conmed Corporation, Donjoy, NuVasive, and Medtronic PLC.
The high rate of product recalls is restraining the orthopedic accessories market. Product Recall is a process of retrieving all defective products that have been sold or are available in the market. If an orthopedic Accessories company recalls a product from the market, the company takes up all the cost of fixing the defective product and the cost of replacement.
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The Orthopedic Accessories Market Is Segmented -
• By Type: Bone Cement, Casting System, Removal System
• By Application: Hip, Knee, Spine
• By End User: Hospital, Orthopedic Clinic, Trauma Fixation Center
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Orthopedic Accessories market.
The Business Research Company's "Global Orthopedic Accessories Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Orthopedic Accessories Market Include:
1. Executive Summary
2. Orthopedic Accessories Market Characteristics
3. Orthopedic Accessories Market Trends And Strategies
4. Orthopedic Accessories Market - Macro Economic Scenario
5. Orthopedic Accessories Market Size And Growth
.....
26. Africa Orthopedic Accessories Market
27. Orthopedic Accessories Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Orthopedic Accessories Market
29. Orthopedic Accessories Market Future Outlook and Potential Analysis
30. Appendix
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