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+10.0% CAGR growth to be achieved by Global Orthopedic Devices Market by 2024 – Know major factor for rise in future as per new research report
Global Orthopedic Devices Market-
The Global Orthopedic Devices Market accounted to USD 14.5 billion in 2016 growing at a CAGR of 10.0% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Global Orthopedic Devices Market Product (Accessories, Surgical Devices {Drill Guide, Guide Tubes, Implant Holder, Custom Clamps, Distracters, Screw Drivers}), Devices (Hip Orthopedic Devices, Knee Orthopedic Devices, Spine Orthopedic Devices, Craniomaxillofacial Orthopedic Devices, Dental Orthopedic Devices, Sports Injuries, Extremities and Trauma Orthopedic Devices), End-Users (Hospitals, Ambulatory Centers, Home Care Settings, Others), Geography- Industry Trends and Forecast to 2024
Orthopedic devices are used for the restoration of joint movements and skeletal structure in numerous types of abnormal growth of bones, fractures, trauma, soft tissue damage, or other deformities. These devices are surgically implanted or superficially attached through minimally invasive procedures. The need and demand for orthopedic procedures is anticipated to increase due to the growing elderly population and obesity across the globe.
Major market drivers and restraints of Global Orthopedic Devices Market
• Technological advancements
• Increasing Geriatric Population
• Lack in established clinical records and strict regulations
• Higher treatment costs
• Shortage of Skilled Professionals
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Market Segmentation of Global Orthopedic Devices Market
By product the global orthopedic devices market is segmented into accessories, and surgical devices.
Accessories are further sub-segmented into braces, consumables, and others.
Surgical devices are further sub-segmented into drill guide, guide tubes, implant holder, custom clamps, distracters, and screw drivers.
On the basis of end-users the global orthopedic devices market is segmented into hospitals, ambulatory centers, home care settings, and others.
On the basis of devices the global orthopedic devices market is segmented into hip orthopedic devices, knee orthopedic devices, spine orthopedic devices, craniomaxillofacial orthopedic devices, dental orthopedic devices, sports injuries, extremities and trauma orthopedic devices.
On the basis of geography, global orthopedic devices market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
Competitive Analysis of Global Orthopedic Devices Market
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Top Competitors of Market
• Zimmer Biomet,
• Wright Medical Group N.V.,
• APATECH LTD.,
• ArthroCare Corporation,
• Medtronic,
• Touch Bionics Inc. and Touch Bionics Limited,
• Johnson & Johnson Services, Inc.,
• Stryker,
• NuVasive, Inc.,
• Smith & Nephew, ,
• Amedica Corporation,
• Alphatec Spine, Inc.,
• MicroPort Scientific Corporation,
• B. Braun Medical Inc.,
• aap Implantate AG,
• Solana Surgical LLC
• Integra LifeSciences Corporation,
• Globus Medical Inc.,
• Exactech, Inc.,
• DJO Global, Inc.,
• CONMED Corporation
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