Orthopedic Devices Market to Develop at CAGR of 4.3% during Forecast Period: TMR Study

Transparency Market Research's latest analysis of the global 𝐨𝐫𝐭𝐡𝐨𝐩𝐞𝐝𝐢𝐜 𝐝𝐞𝐯𝐢𝐜𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭, spanning from 2017 to 2018 for historical data and projecting until 2027, indicates several key drivers. These include a growing proportion of the population in need of orthopedic devices, heightened incidence rates of injuries stemming from accidents, sports, and adventurous activities, as well as an upsurge in the adoption of advanced technological solutions. Consequently, the global orthopedic devices market is expected to witness significant growth throughout the forecast period.

The report reveals that the global orthopedic devices market reached a value of US$ 46.1 billion in 2018. Furthermore, it is forecasted to expand at a Compound Annual Growth Rate (CAGR) of 4.3% from 2019 to 2027.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1781&utm_source=OpenPR&utm_campaign=MansiR_OpenPR

𝐒𝐮𝐫𝐠𝐞 𝐢𝐧 𝐚𝐝𝐨𝐩𝐭𝐢𝐨𝐧 𝐨𝐟 𝐭𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐜𝐚𝐥𝐥𝐲 𝐚𝐝𝐯𝐚𝐧𝐜𝐞𝐝 𝐩𝐫𝐨𝐝𝐮𝐜𝐭𝐬 𝐁𝐨𝐨𝐬𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡

Numerous global manufacturers with extensive technical expertise and core competencies are actively engaged in ongoing efforts to pioneer and produce innovative orthopedic products aimed at expanding their customer base. The adoption of cutting-edge technologies such as minimally invasive surgery (MIS), navigation technology, 3D bioprinting, tissue engineering, customized implants, computer-aided fixation of implants, and the development of variable axis screw systems is rapidly accelerating.

Many prominent manufacturers are forming strategic collaborations and partnerships with emerging players in the market who possess promising product pipelines. For instance, in January 2017, Johnson & Johnson announced a collaboration with Aspect Biosystems, a company specializing in 3D bioprinting and tissue engineering. This trend underscores the industry's commitment to driving innovation and meeting the evolving needs of orthopedic patients worldwide.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:

Stryker,DePuy Synthes,Zimmer Biomet,Smith & Nephew,Medtronic,DJO Global,Arthrex, Inc,NuVasive, Inc.,Globus Medical

𝐆𝐥𝐨𝐛𝐚𝐥 𝐎𝐫𝐭𝐡𝐨𝐩𝐞𝐝𝐢𝐜 𝐃𝐞𝐯𝐢𝐜𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 - 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧

Product

Joint reconstruction
Spinal devices
Orthopedic braces and supports
Trauma fixation
Orthopedic accessories
Orthopedic prosthetics
Arthroscopy devices
Others

End-user

Hospitals
Orthopedic clinics
Ambulatory surgical centers
Others

𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬:

Drivers:

Increasing prevalence of orthopedic disorders.
Advancements in technology and surgical techniques.
Rising geriatric population.
Growing awareness regarding orthopedic care.

Challenges:

High cost associated with orthopedic procedures.
Stringent regulatory requirements.
Limited access to orthopedic healthcare in developing regions.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

Shift towards minimally invasive procedures.
Rising adoption of 3D printing technology in orthopedic device manufacturing.
Focus on patient-specific implants and personalized orthopedic solutions.
Integration of digital health solutions for remote monitoring and rehabilitation.

𝐊𝐞𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬:

In March 2018, Smith & Nephew launched Q-FIX CURVED, Q-FIX MINI and SUTUREFIX CURVED All-Suture Anchor systems to expand its Sports Medicine portfolio.

In March 2018, Stryker Spine received FDA 510(k) clearance to market Tritanium TL, a 3D-printed curved posterior lumbar interbody fusion cage which is hollow implant comprises solid and porous structures that are simultaneously built with AMagine, Stryker's proprietary additive manufacturing method.

In June 2017, DePuy Synthes acquired Innovative Surgical Solutions, LLC, which operates as Sentio, LLC. Innovative Surgical Solutions is engaged in marketing of nerve localization technology for spine surgery. This acquisition is expected to enhance Johnson & Johnson's medical devices segment and strengthen DePuy Synthes' position in the spine market.

𝐏𝐥𝐚𝐜𝐞 𝐚𝐧 𝐎𝐫𝐝𝐞𝐫 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.transparencymarketresearch.com/checkout.php?rep_id=1781<ype=S&utm_source=OpenPR&utm_campaign=MansiR_OpenPR

𝐑𝐞𝐠𝐢𝐨𝐧𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝:

North America(USA, Canada and Mexico)
Europe(UK, Germany, France and the Rest of Europe)
Asia Pacific(China, Japan, India, and the Rest of the Asia Pacific region)
South America(Brazil, Argentina and the Rest of South America)
Middle East and Africa(GCC and Rest of the Middle East and Africa)

𝐅𝐮𝐭𝐮𝐫𝐞 𝐎𝐮𝐭𝐥𝐨𝐨𝐤:

The orthopedic devices market is poised for significant growth in the coming years, driven by technological advancements, increasing healthcare expenditure, and the rising burden of orthopedic disorders. Key players in the market are expected to focus on innovation, strategic partnerships, and geographical expansion to maintain their competitive edge.

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐮𝐝𝐲 𝐏𝐨𝐢𝐧𝐭𝐬:

Market Size and Growth Rate
Market Segmentation Analysis
Regional Analysis
Competitive Landscape Assessment
Market Trends and Future Outlook
Regulatory Landscape and Compliance

𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐓𝐌𝐑:

𝐏𝐥𝐚𝐬𝐭𝐢𝐜 𝐑𝐞𝐜𝐲𝐜𝐥𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/news-release/2022/11/16/2557545/0/en/Plastic-Recycling-Market-to-be-worth-77-8-Billion-by-2031-TMR-Study.html

𝐎𝐩𝐡𝐭𝐡𝐚𝐥𝐦𝐢𝐜 𝐃𝐫𝐮𝐠𝐬 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/news-release/2022/11/16/2557581/0/en/Ophthalmic-Drugs-Market-to-Develop-at-CAGR-of-6-83-during-Forecast-Period-TMR-Study.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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