Comprehensive Brief 2019 on Orthopedic Devices Industry Driving Factors by Top Manufacturers, Regions, Type and Application till 2023
Orthopedic Devices are used for preventing or managing musculoskeletal problems. These devices have proved immensely successful to restore mobility, reduce pain and improve the quality of life in case of millions every year. Some of the commonly used orthopedic devices include hip supports, elbow and knee braces, cervical collars, ankle and foot supports, braces and back supports.
This market is likely to grow steadily and continue maintaining its position and grow further in the near future. In fact, the orthopedic devices total market in 2016 was USD 43,802.1 million and likely to reach USD 58,814.6 by 2023. MRFR’s report projects that the global Orthopedic Devices Industry is anticipated to reach at 4.3% CAGR during the forecast period (2017-2023).
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Market Key Players
The leading players profiled in the report include –
Zimmer Inc (US)
stryker Corporation (US)
Smith & Nephew plc. (UK)
NuVasive Inc (US)
Medtronic (Republic of Ireland)
Globus Medical Inc (US)
DePuy Syntheses Companies (US).
The Orthopedic Devices Industry in 2018 had mergers and acquisitions with Johnson & Johnson, RTI Surgical, Alphatec and others.
In MRFR’s report the global market for orthopedic devices has been segmented on the basis of type, application, and end user.
On the basis of type, it is segmented into bone repair, consumables and disposables, joint replacement, spinal devices and trauma fixation. The segment of spinal devices is likely to gain an impressive market share during the forecast period chiefly due to the increase in patients with osteoporosis fracture each year.
On the basis of application, the market is segmented into ankle, foot, hip, knee, trauma and extremities and spine.
On the basis of end user, the Orthopedic Devices Industry is segmented into medical research center, hospitals and ambulatory surgery centers. The hospital segment is likely to have a dominant share in this market during the forecast period.
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Global Orthopedic Devices Industry, by Region
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Saudi Arabia
- Rest of Middle East and Africa
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