Increasing incidence of injury, recreation, and adventure-related accidents are likely to burgeon business opportunities for orthopedics devices. Orthopedics Devices Market Size – USD 47.89 Billion in 2019, Orthopedics Devices Market Growth - CAGR of 3.9%, Orthopedics Devices Industry Trends –High demand from developing nations.
The global orthopedics devices market is forecasted to grow at a rate of 3.9% from USD 47.89 Billion in 2019 to USD 65.29 Billion in 2027. The demand is projected to be fueled by a high incidence of orthopedic disorders such as degenerative bone disorder combined with a rising elderly population and growing occurrences road accidents. Additionally, the rise is anticipated to be boosted by the early commencement of musculoskeletal ailments caused by obesity and a sedentary lifestyle.
A recent market intelligence report on Orthopedics Devices market takes a closer look at the major driving forces, restraints and opportunities anticipated to shape the future of the XYZ market for the forecast period, 20## - 20##. Besides, this different adverse conditions and restraining factors expected to hinder the growth of the industry worldwide is also scrutinized. Trends from both past and present fast gaining momentum and stimulating market growth and development form an important part of the study.
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The report covers the following companies-
- CONMED Corporation
- Medtronic PLC
- Zimmer-Biomet Holduings Inc.
- Smith & Nephew PLC
- Aesculap Implant Systems LLC
- Stryker Corporation
- Donjoy Inc.
- DePuy Synthes
- NuVasive Inc.
- Braun Melsungen AG
Key Highlights From The Report
- Based on the product, accessories accounted for a revenue of USD 19.88 billion in 2019 and believed to rise with a CAGR of 4.0% in the forecast period due to reduced prices of older models are expected because of the rapid speed of innovation and improvements to generate market opportunities.
- The arthroscopic devices are expected to grow with a CAGR of 4.7% in the forecasted period due to increased sports-related soft tissue injuries and the growing launch of new products.
- The knee application held the largest market share of the Orthopedics Devices Market. The knee application of the North America region is the major shareholder of the market and held around 32.2% of the market in the year 2019, owing to the growing amount of knee surgery, coupled with the strong demand for technologies that facilitate rapid remedy.
- The Asia-Pacific region is expected to witness the fastest growth rate in the forecast period. Factors such as a vast pool of patients and the region's growing healthcare spending balance business growth in the Asia Pacific. Besides, the rising buying power of the masses in the developing economies, namely India and China, offers a huge opportunity to develop the market.
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Segments Covered in this Report
Product Outlook (Revenue, USD Billion; 2017-2027)
Surgical Devices
Accessories
Others
Type Outlook (Revenue, USD Billion; 2017-2027)
Joint Reconstruction Devices
Spinal Devices
Trauma Devices
Arthroscopy Devices
Dental Implants
Orthobiologics
Others
Application Outlook (Revenue, USD Billion; 2017-2027)
Hip
Knee
Spine
Cranio-Maxillofacial (CMF)
Dental
Sports Medical, Extremities, and Trauma (SET)
Regional Outlook (Revenue, USD Billion; 2017-2027)
North America
Europe
Asia Pacific
Latin America
MEA
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