Press release
Orthopedic devices Market to Witness Comprehensive Growth of 4.3% by 2023
Competitive Analysis:
Some of the key players in this market are:
• DePuy Synthes Companies (US)
• Globus Medical Inc. (US)
• Medtronic (Republic of Ireland)
• NuVasive Inc. (US)
• Smith & Nephew plc. (UK)
• stryker Corporation (US)
• Zimmer Inc. (US)
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Market Segments:
Global Orthopedic devices Market has been segmented
• On the basis of Type which comprise Trauma Fixation, Spinal Devices, Joint Replacement, Consumables & Disposables, Bone Repair
• On the basis of Application, it is segmented into, Spine, Trauma and extremities, Knee, Hip, Foot and ankle
• On the basis of End User, it is segmented into, Ambulatory surgery centers, Hospitals, and Medical research center
Market Highlight:
An orthopedic device are placed within the body’s skeleton and muscle systems so as to correct existing problems or to provide stability. Technological advancements and product development is the best strategy that yields the greatest market benefit. Changing technology, increasing prevalence of osteoporosis, increasing funding for R&D and market growth in emerging economies are major driving forces for global orthopedic devices market.
Orthopedic devices market is growing steadily and expected to continue its growth near future. The total market for orthopedic devices was US$ 43,802.1 million in 2016 and expected to reach US$ 58,814.6 million by 2023. The global orthopedic devices market is expected to grow at a CAGR of 4.3% during the forecast period.
Intended Audience
• Orthopedic devices manufacturers and suppliers
• Research and Development (R&D) Companies
• Research Laboratories
• Market Research and Consulting Service Providers
• Potential Investors
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Regional Analysis of Global Orthopedic devices Market:
Considering the global scenario of the market, North America was holding largest market share of 39.6% in global orthopedic devices market in 2016. Europe is second largest market and expected to reach USD 19,467.6 million by 2023. APAC is expected to grow at fastest CAGR of 6.2% during 2017-2023. On the other hand. Middle East and Africa (ME&A) Orthopedic devices market was growing lower than global average and expected to grow at steady pace.
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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Akash Anand,
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: akash.anand@marketresearchfuture.com
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