Advanced Orthopedic Devices Market 2019-2028: Consumption Growth Rate, Market Drivers and Opportunities
Orthopedic is a medical specialty that focuses on treating musculoskeletal system, including disorders of the bones, joints, tendons, muscles, ligaments, nerves and skin. Diseases or disorders could be due to musculoskeletal trauma, spine diseases & disorders, injuries, degenerative diseases & disorders, infections, etc. Advanced orthopedic devices are medical equipments used for diagnosing, and treating musculoskeletal deformities with advanced technologies.
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Increasing road and sport injuries along with the rising prevalence of osteoporosis and osteoarthritis is expected to drive growth of the global advanced orthopedic devices market. The rapid growth of healthcare infrastructure and increasing technological developments in medical equipments is also expected to propel growth of the global advanced orthopedic devices market.
In addition, the global advanced orthopedic devices market is driven by the increasing aging population, and growing healthcare expenditure. Moreover, the widening use of nanotechnologies, rising demand for smart implants, and the introduction of robotic surgery to help increase mechanical accuracy. The advanced orthopedic devices and products market is exponentially expanding since specialty clinics, hospitals, and other users are adopting advanced devices for better treatment.
On the other hand, unfavorable political reforms, frequent product recalls, and economic upheaval are restraining the growth of the advanced orthopedic devices market.
Emergence of personalized medicines and introduction of cost-effective products are expected to provide excellent opportunities for the key players in the global advanced orthopedic devices market.
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The global advanced orthopedic devices market report has been segmented on the basis of anatomical location, consumables, and region. On the basis of region, the global advanced orthopedic devices market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
North America market dominates the global advanced orthopedic devices market owing to increasing cases of osteoarthritis and obesity. Surge in population, increasing incidents of obesity, and growing industrialization is anticipated to boost Asia Pacific advanced orthopedic devices market. Increasing demand for drug-eluding stunts and infusion pumps is propelling the advanced orthopedic devices market in Europe.
Key players profiled in the global advanced orthopedic devices market report include TriMed, Inc., Smith & Nephew PLC, Globus Medical, Inc., Smith & Nephew PLC, Small Bone