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Orthopedic Devices Market Predicted to Reach USD 57.76 Billion by 2032, with a Notable Annual Growth Rate of 4.47% | Data by PMR

04-25-2024 05:28 AM CET | Health & Medicine

Press release from: Polaris Market Research & Consulting

Orthopedic Devices Market

Orthopedic Devices Market

๐€๐œ๐œ๐จ๐ซ๐๐ข๐ง๐  ๐ญ๐จ ๐ญ๐ก๐ž ๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ, ๐ญ๐ก๐ž ๐ ๐ฅ๐จ๐›๐š๐ฅ ๐จ๐ซ๐ญ๐ก๐จ๐ฉ๐ž๐๐ข๐œ ๐๐ž๐ฏ๐ข๐œ๐ž๐ฌ ๐ฐ๐š๐ฌ ๐ฏ๐š๐ฅ๐ฎ๐ž๐ ๐š๐ญ ๐”๐’๐ƒ ๐Ÿ‘๐Ÿ–.๐Ÿ—๐Ÿ• ๐›๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ข๐ง ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ‘ ๐š๐ง๐ ๐ข๐ฌ ๐ž๐ฑ๐ฉ๐ž๐œ๐ญ๐ž๐ ๐ญ๐จ ๐ซ๐ž๐š๐œ๐ก ๐”๐’๐ƒ ๐Ÿ“๐Ÿ•.๐Ÿ•๐Ÿ” ๐›๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐›๐ฒ ๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ, ๐ญ๐จ ๐ ๐ซ๐จ๐ฐ ๐š๐ญ ๐š ๐‚๐€๐†๐‘ ๐จ๐Ÿ ๐Ÿ’.๐Ÿ’๐Ÿ•% ๐๐ฎ๐ซ๐ข๐ง๐  ๐ญ๐ก๐ž ๐Ÿ๐จ๐ซ๐ž๐œ๐š๐ฌ๐ญ ๐ฉ๐ž๐ซ๐ข๐จ๐.

Osteoarthritis, rheumatoid arthritis, osteoporotic fractures, and carpal tunnel syndrome are just a handful of orthopedic illnesses and maladies that are growingly being cured clinically with orthopedic devices. The growing acceptance of these treatments is pushing the growth of the market exponentially. Additionally, the price of more conventional orthopedic devices is anticipated to plunge, notably with the initiation of more contemporary ones. This will escalate the market growth.

๐‚๐ฅ๐ข๐œ๐ค ๐ญ๐จ ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐ƒ๐… ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐š๐ง๐ ๐ƒ๐ซ๐ข๐ฏ๐ž ๐ˆ๐ฆ๐ฉ๐š๐œ๐ญ๐Ÿ๐ฎ๐ฅ ๐ƒ๐ž๐œ๐ข๐ฌ๐ข๐จ๐ง๐ฌ:
https://www.polarismarketresearch.com/industry-analysis/orthopedic-devices-market/request-for-sample

๐‚๐จ๐ฆ๐ฉ๐ž๐ญ๐ข๐ญ๐ข๐ฏ๐ž ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ

A different product portfolio of orthopedic devices and continual inventions causing contemporary device initiation are the leading elements accountable for the growth of the firms functioning in the market. Some of the prominent players operating in the orthopedic devices market include:

โ€ข Medtronic PLC
โ€ข Stryker Corporation
โ€ข Zimmer-Biomet Holdings Inc.
โ€ข DePuy Synthes
โ€ข Smith and Nephew PLC
โ€ข Aesculap Implant Systems LLC
โ€ข Conmed Corporation
โ€ข Donjoy Inc.
โ€ข NuVasive Inc..

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ˆ๐ง๐ญ๐ซ๐จ๐๐ฎ๐œ๐ญ๐ข๐จ๐ง

Orthopedic devices are technical medical devices intended to prohibit, handle, or cure musculoskeletal problems. They are utilized to reinforce, equilibrate, or restore bones, joints, and another framework in the musculoskeletal system. These gadgets play an important part in orthopedic medicines by assisting patients in retrieving movability, relieving pain, and enhancing the standard of life. The device sanctions persons to carry out everyday ventures, take part in physical ventures, and reclaim independence.

Some orthopedic fixation devices, such as plates, screws, and rods, offer reinforcement and steadiness to fractured or mutilated bones. They assist in speedier alleviating procedures by disabling counterfeit areas and easing appropriate continuity.

๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐’๐œ๐จ๐ฉ๐ž

The countries covered in the market report are Europe, North America, Latin America, Asia Pacific, and the Middle East & Africa. According to the analysis, North America dominated the market with the largest share. The presence of industry mammoths, a well-established healthcare framework, and recompense scope are expected to push the market in the region. Moreover, with a robust CAGR traversing throughout the predicted period, the Asia Pacific region is set to expand at the swiftest rate.

๐†๐ž๐ญ ๐€๐ก๐ž๐š๐ ๐ฐ๐ข๐ญ๐ก ๐ƒ๐ž๐ญ๐š๐ข๐ฅ๐ž๐ ๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:
https://www.polarismarketresearch.com/buy/2227/2

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ฅ ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค

๐Ž๐ซ๐ญ๐ก๐จ๐ฉ๐ž๐๐ข๐œ ๐ƒ๐ž๐ฏ๐ข๐œ๐ž๐ฌ, ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค (๐‘๐ž๐ฏ๐ž๐ง๐ฎ๐ž - ๐”๐’๐ƒ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง, ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ— - ๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ)
โ€ข Hip
โ€ข Knee
โ€ข Spine
โ€ข Cranio-Maxillofacial (CMF)
โ€ข Dental

๐Ž๐ซ๐ญ๐ก๐จ๐ฉ๐š๐ž๐๐ข๐œ ๐ƒ๐ž๐ฏ๐ข๐œ๐ž๐ฌ, ๐๐ซ๐จ๐๐ฎ๐œ๐ญ ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค (๐‘๐ž๐ฏ๐ž๐ง๐ฎ๐ž - ๐”๐’๐ƒ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง, ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ— - ๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ)
โ€ข Accessories
โ€ข Surgical Devices

๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ:

๐€๐ ๐ข๐ง๐  ๐๐จ๐ฉ๐ฎ๐ฅ๐š๐ญ๐ข๐จ๐ง: The growing elderly population contributes to increased demand for joint replacement surgeries and orthopedic interventions.

๐๐ซ๐ž๐ฏ๐š๐ฅ๐ž๐ง๐œ๐ž ๐จ๐Ÿ ๐‚๐ก๐ซ๐จ๐ง๐ข๐œ ๐‚๐จ๐ง๐๐ข๐ญ๐ข๐จ๐ง๐ฌ:Rising incidence of chronic orthopedic conditions such as osteoarthritis and osteoporosis drives market growth.

๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐œ๐š๐ฅ ๐ˆ๐ง๐ง๐จ๐ฏ๐š๐ญ๐ข๐จ๐ง๐ฌ: Continuous advancements in materials, implant design, and surgical techniques improve the effectiveness and safety of orthopedic devices.

๐’๐ฉ๐จ๐ซ๐ญ๐ฌ ๐ˆ๐ง๐ฃ๐ฎ๐ซ๐ข๐ž๐ฌ: Growing participation in sports and recreational activities leads to a higher prevalence of orthopedic injuries, fueling demand for orthopedic devices.

๐๐ซ๐จ๐ฐ๐ฌ๐ž ๐Œ๐จ๐ซ๐ž ๐ƒ๐ž๐ญ๐š๐ข๐ฅ๐ฌ:
https://www.polarismarketresearch.com/industry-analysis/orthopedic-devices-market

๐Ž๐ซ๐ญ๐ก๐จ๐ฉ๐ž๐๐ข๐œ ๐ƒ๐ž๐ฏ๐ข๐œ๐ž๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐‡๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ

โ€ข In 2021, the knee orthopaedic equipment segment held a major market share. From 2022 to 2030, this market is anticipated to continue to rule due to the rise in knee operations. However, two major obstacles to segment growth are high costs and protracted follow-up times.

โ€ข Based on the products, the market is segmented into surgical instruments and accessories. The accessories market is expected to experience the highest CAGR. The accessories category also contains supplies and items like braces and arthroscopy equipment. This area also contains additional things like sutures, fasteners, and plaster supplies

โ€ข North America led the global market for orthopaedic devices in 2021. The regional market's high demand for advanced healthcare services is anticipated to be fueled by the existence of industry heavyweights, a well-developed healthcare infrastructure, and reimbursement coverage. Due to ageing and an increase in traffic accidents, the target patient community is constantly expanding, which is further increasing the quantity of orthopaedic operations carried out nearby.

๐Œ๐จ๐ซ๐ž ๐“๐ซ๐ž๐ง๐๐ข๐ง๐  ๐‹๐š๐ญ๐ž๐ฌ๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐›๐ฒ ๐๐จ๐ฅ๐š๐ซ๐ข๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

๐…๐ฅ๐จ๐ฐ ๐‚๐ฒ๐ญ๐จ๐ฆ๐ž๐ญ๐ซ๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ: https://www.polarismarketresearch.com/industry-analysis/flow-cytometry-market

๐’๐ฎ๐ซ๐ ๐ข๐œ๐š๐ฅ ๐‘๐จ๐›๐จ๐ญ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ: https://www.polarismarketresearch.com/industry-analysis/surgical-robot-market

๐๐ข๐จ๐š๐ง๐š๐ฅ๐ฒ๐ญ๐ข๐œ๐š๐ฅ ๐“๐ž๐ฌ๐ญ๐ข๐ง๐  ๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ: https://www.polarismarketresearch.com/industry-analysis/bioanalytical-testing-services-market

๐€๐ง๐ญ๐ข๐›๐ข๐จ๐ญ๐ข๐œ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ: https://www.polarismarketresearch.com/industry-analysis/antibiotics-market

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐”๐ฌ:
Polaris Market Research
Phone: +1-929-297-9727
Email: sales@polarismarketresearch.com

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ:
Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.

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