Small Bone and Joint Orthopedic Devices Market to Hit USD 9,715.6 Million Revenue by 2027, growing at a CAGR of 6.3%: TMR Study

According to Transparency Market Research's latest report on the global 𝐬𝐦𝐚𝐥𝐥 𝐛𝐨𝐧𝐞 𝐚𝐧𝐝 𝐣𝐨𝐢𝐧𝐭 𝐨𝐫𝐭𝐡𝐨𝐩𝐞𝐝𝐢𝐜 𝐝𝐞𝐯𝐢𝐜𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 for the historical period 2017-2018 and forecast period 2019-2027, Rise in disabling diseases such as osteoarthritis and osteoporosis and focus on technological innovations are projected to drive the global small bone and joint orthopedic devices market during the forecast period

Small bone and joint orthopedic devices market to reach US$ 9,715.6 Mn by 2027, it is anticipated to expand at a CAGR of 6.3% from 2019 to 2027.

𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3952&utm_source=OpenPR&utm_medium=OpenPR&utm_campaign=MansiR

𝐊𝐞𝐲 𝐃𝐫𝐢𝐯𝐞𝐫𝐬:

Increase in incidence of osteoporosis and osteoarthritis, particularly among the geriatric population, is expected to propel the small bone and joint orthopedic devices market. These diseases are known to impact the anatomical joint structures of the human body.

According to the World Health Organization, the global geriatric population was around 524 million in 2010 and is anticipated to reach 1.5 billion by 2050. Moreover, the world is aging at a rapid pace, especially in the developed nations such as the U.S., Germany, and Japan. For instance, the U.S. Census Bureau stated in 2010 that people older than 65 years represented around 12.4% of the total population of the U.S. in 2000 and the percentage is expected to reach 19% by 2030.

Increase in the geriatric population directly affects the growth and demand for small bone and joint orthopedic devices primarily due to their higher susceptibility to degenerative joint diseases. According to the Centers for Disease Control and Prevention in 2015, the number of adults with arthritis is expected to increase to 67 million in the U.S. by 2030.

Therefore, rise in incidence of chronic diseases and increase in the geriatric population across the world are likely to fuel the growth of the small bone and joint orthopedic devices market

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:

Acumed LLC,Arthrex, Inc.,Depuy Synthes,DJO Global,Smith & Nephew plc,Stryker Corporation,Tecomet, Inc.,Wright Medical Group N.V.,Z-Medical GmbH + Co. KG,Zimmer Biomet Holdings, Inc.,among others.

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

𝐏𝐫𝐨𝐝𝐮𝐜𝐭 𝐓𝐲𝐩𝐞

Fracture Fixation and Replacement Systems
Plates and Screws
External Fixation Devices
Joint Prosthesis

𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧

Foot
Hand
Shoulder

𝐊𝐞𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬:

In May 2014, DePuy Synthes Joint Reconstruction introduced three new products for hip, knee, and shoulder replacement to widen the portfolio and products include GLOBAL UNITE Anatomic Shoulder, CORAIL Revision Hip System and TRUMATCH Resection Guide For the ATTUNE Rotating Platform Knee

In June 2015, DJO Global signed a definitive agreement with Zimmer Holdings, Inc. to acquire products such as Biomet Cobalt Bone Cement, Optivac Cement Mixing Accessories and Discovery Elbow System for the U.S.

𝐆𝐞𝐭 𝐓𝐡𝐢𝐬 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭, 𝐈𝐧𝐬𝐭𝐚𝐧𝐭𝐥𝐲:
https://www.transparencymarketresearch.com/checkout.php?rep_id=3952<ype=S&utm_source=OpenPR&utm_medium=OpenPR&utm_campaign=MansiR

𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬:

𝐃𝐫𝐢𝐯𝐞𝐫𝐬:

Increasing prevalence of orthopedic disorders
Technological advancements in surgical techniques and materials
Growing geriatric population
Rising demand for minimally invasive procedures

𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬:

High cost associated with orthopedic procedures and devices
Regulatory challenges and stringent approval processes
Limited reimbursement policies in some regions

𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

Adoption of 3D printing technology for customized implants
Shift towards outpatient surgeries and minimally invasive procedures
Growing focus on regenerative orthopedic therapies
Rise in telemedicine and remote monitoring solutions for orthopedic care

𝐅𝐮𝐭𝐮𝐫𝐞 𝐎𝐮𝐭𝐥𝐨𝐨𝐤:

The small bone and joint orthopedic devices market is expected to continue its upward trajectory, driven by technological innovations, increasing healthcare expenditure, and a growing patient population. The market is likely to witness significant advancements in materials science, robotics, and digital healthcare solutions.

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐮𝐝𝐲 𝐏𝐨𝐢𝐧𝐭𝐬:

Understanding the impact of demographic trends on market growth
Analyzing the regulatory landscape and its influence on market dynamics
Assessing the competitive landscape and strategic initiatives of key players
Identifying niche opportunities in emerging markets

𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐓𝐌𝐑:

𝐒𝐤𝐢𝐧𝐜𝐚𝐫𝐞 𝐃𝐞𝐯𝐢𝐜𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/news-release/2023/05/08/2663117/0/en/Skincare-Devices-Market-Value-to-Reach-USD-23-9-Bn-by-2028-expanding-at-a-CAGR-of-9-9-Transparency-Market-Research.html

𝐑𝐅𝐈𝐃 𝐋𝐨𝐜𝐤𝐬 𝐌𝐚𝐫𝐤𝐞𝐭-https://www.globenewswire.com/news-release/2023/05/09/2665093/0/en/RFID-Locks-Market-Demand-will-reach-a-value-of-US-31-0-billion-by-the-year-2031-at-a-CAGR-of-15-8-Exclusive-Report-by-Transparency-Market-Research.html

 

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

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