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Advanced Orthopedic Technologies, Implants, And Regenerative Products Market Set to Surge to $80.15 Billion with 5.8% CAGR By 2023-2027: Johnson & Johnson, Medtronic PLC, Stryker Corporation, B Braun Medical Inc
Advanced Orthopedic Technologies, Implants, And Regenerative Products Market
The Business Research Company's Advanced Orthopedic Technologies, Implants, And Regenerative Products Global Market Report 2023 identifies the increasing incidence of orthopedic disorders is the major driver for the advanced orthopedic technologies, implants, and regenerative products market's growth in the forecast period. Orthopedic disorders refer to conditions that affect the musculoskeletal system, including the bones, joints, muscles, tendons, ligaments, and cartilage. The increasing number of orthopedic diseases leads to a rise in demand for advanced orthopedic technologies, implants, and regenerative products, as they are used for diagnosing, treating, and managing orthopedic disease symptoms and causes. For instance, in June 2023, according to Versus Arthritis, a UK-based charity dedicated to supporting people with arthritis, around 450,000 people in the UK have rheumatoid arthritis, 190,000 adults have psoriatic arthritis, and 10 million people have osteoarthritis, compared to 430,000 people with rheumatoid arthritis, 100,000 adults with psoriatic arthritis, and 8.5 million people with osteoarthritis in 2021, respectively
The global advanced orthopedic technologies, implants, and regenerative products market is expected to grow from $59.02 billion in 2022 to $63.99 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The advanced orthopedic technologies, implants, and regenerative products market is expected to reach $80.15 billion in 2027 at a CAGR of 5.8%.
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Major competitors in the advanced orthopedic technologies, implants, and regenerative products market are Johnson & Johnson, Medtronic PLC, Stryker Corporation, B Braun Medical Inc., Zimmer Biomet Holdings Inc., Smith & Nephew PLC, Arthrex Inc., Integra LifeSciences Holdings Corporation, Lepu Medical Technology Co Ltd., NuVasive Inc.
A key trend in the advanced orthopedic technologies, implants, and regenerative products market includes advancements in technology. Major companies operating in the advanced orthopedic technologies, implants, and regenerative products market are adopting new technologies to sustain their position in the market. For instance, in January 2023, Orthofix Medical Inc., a US-based medical device company providing spinal, orthopedic, bone growth, and motion preservation products, launched the Mariner deformity pedicle screw system. This system aims to offer a comprehensive solution that meets clinical goals and expands the Mariner family's modular platform. It combines biologics and 7-D Flash navigation with machine vision precision and segmental registration.
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The advanced orthopedic technologies, implants, and regenerative products market is segmented -
1) By Type: Implants, Regenerative Products
2) By Product: Orthopedic Fixation Devices, Orthopedic Replacement Devices, Orthopedic Prosthetics, Orthopedic Braces And Support Products, Spinal Implants And Surgical Devices, Arthroscopy Instruments, Orth Biologics, Bone Graft Substitutes
3) By Site: Hip And Pelvis, Foot And Ankle, Knee And Thigh, Hand And Wrist, Shoulder, Arm And Elbow, Spine, Craniomaxillofacial
4) By Application: Hospitals, Ambulatory Surgical Centers, Specialty Clinics, Other Applications
5) By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the advanced orthopedic technologies, implants, and regenerative products market.
The Business Research Company's "Global Advanced Orthopedic Technologies, Implants, And Regenerative Products 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 Advanced Orthopedic Technologies, Implants, And Regenerative Products Market Include:
1. Executive Summary
2. Advanced Orthopedic Technologies, Implants, And Regenerative Products Market Characteristic
3. Advanced Orthopedic Technologies, Implants, And Regenerative Products Market Trends And Strategies
4. Advanced Orthopedic Technologies, Implants, And Regenerative Products Market - Macro Economic Scenario
5. Advanced Orthopedic Technologies, Implants, And Regenerative Products Market Size And Growth
……………
27. Advanced Orthopedic Technologies, Implants, And Regenerative Products Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Advanced Orthopedic Technologies, Implants, And Regenerative Products Market
29. Advanced Orthopedic Technologies, Implants, And Regenerative Products Market Future Outlook And Potential Analysis
30. Appendix
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