Growth of Orthopedic Device Analysis and Forecasts to 2021

MarketResearchNest.com adds “Global Orthopedic Device Market 2018-2022” new report to its research database. The report spread across 175 pages with table and figures in it.
Research analysts forecast the global orthopedic device market will register a revenue of more than USD 44 billion by 2022.

About Orthopedic Device
A large number of key orthopedic implants manufacturers are increasingly focusing on research and developmental activities, which has resulted in the introduction of innovative products and advancements in orthopedic devices. The recent major advancements involve the development of robotic-assisted smart surgery for the spine, knee, shoulder, and hip-related implants. Several specialists and surgeons are recommending the adoption of minimally invasive (MI) surgery since these surgeries are highly accurate, precise, and result in enhanced patient outputs.

Covered in this report
The report covers the present scenario and the growth prospects of the global orthopedic device market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

Browse full table of contents and data tables at
https://www.marketresearchnest.com/global-orthopedic-device-market-2018-2022.html

The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA

Technavio's report, Global Orthopedic Device Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Technavio recognizes the following companies as the key players in the global orthopedic device market: DePuy Synthes, DJO Global, Medtronic, Strykar, Smith & Nephew, and Zimmer Biomet.

Other Prominent Vendors in the market are: 4WEB Medical, aap Implantate, Acumed, Advanced orthopedics, Aesculap Implant Systems, AlloSource, Alphatec Spine, AMEDICA, Anika Therapeutics, Arthrex, Arthrosurface, Baxter, BBS-Bioactive Bone Substitutes, Barkeley Advanced Biomaterial, Bioretec, bioventus, Bone therapeutics, camber Spine technologies, ConforMIS, CONMED, Corin, DGIMED Ortho, Emerge Medical, Exactech, Flower orthopedics, Graftys, Hip Innovation Technology, Integra LifeSciences, Intelligent Implant Systems, Internal Fixation Systems, ISTO Biologics, K2M, Keramat, LDR Holding, Medartis, MicroPort Scientific, Nextremity Solutions, NovaBone, NuTech Medical, NuVasive, Orthofix International, orthogem, OsteoMed, Paragon 28, RTI Surgical, SHOULDER INNOVATIONS, Spinal Analytics & Geometrical Implant, Tyber Medical, Vilex, Virak Orthopedics, and XTANT Medical.

Commenting on the report, an analyst from Research team said: “One trend in the market is M&A deals. Although key players such as DePuy Synthes, Zimmer Biomet, Strykar, Smith & Nephew, and Medtronic are having a significant presence in the market, thry are facing tough competition from other emerging players and affecting the organic growth of these companies. Owing to these reasons players such asDePuy Synthes, Strykar, and Zimmer Biomet are changing their market strategies and focused on M&As to increase their presence in the market.

Order a Purchase Report Copy at https://www.marketresearchnest.com/purchase.php?reportid=285070

According to the report, one driver in the market is continuous advancements in technology. Orthopedic devices have been witnessing a drastic advancement in past three decades through product innovation. The rapid advancement in technology was due to the extensive R&D activities led by the key manufacturers and thereby contributing largely toward the market growth. The key advancement witnessed recently are robotic-assisted smart surgery for hip, knee, shoulder, and spine-related implants. Apart from these, surgeons emphasis more on MIS owing to the high accuracy, precision, and better patient outcomes. The MIS for orthopedic implants has reduced the total cost and minimized the time for recovery.

Further, the report states that one challenge in the market is rising product recalls. Orthopedic devices are susceptible to manufacturing errors. Regulatory agencies evaluate all medical devices for potential risk by conducting health hazard evaluation. With respect to this, many orthopedic devices and implants have been recalled from the market due to their risk factor. Between 2002 and 2013, consumer’s union reported 578 recalls alone from six key global key players of the global orthopedic devices market. The biggest recall was reported by the Stryker with 231 recalls and followed by DuPuy Synthes with 150 recalls. By the time the adversities of the recall were noticed, tens of thousands of people have already received the problematic devices.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Enquiry before Buying at
https://www.marketresearchnest.com/enquirybuy.php?reportid=285070

About us: MarketResearchNest.com is the most comprehensive collection of market research products and services on the Web. We offer reports from almost all top publishers and update our collection on daily basis to provide you with instant online access to the world’s most complete and recent database of expert insights on industries, organizations, products, and trends.

Contact
Mr. Jeet Jain
Sales Manager
sales@marketresearchnest.com
+1-240-284-8070(U.S)
+44-20-3290-4151(U.K)
Connect with Global: Google+ | LinkedIn | Twitter | Facebook

This release was published on openPR.