By 2027, it is anticipated that the market for orthopedics devices would be worth USD 65.29 billion. The rising incidence of osteoporosis, musculoskeletal problems, technological improvements, the rising frequency of sports accidents, the growing geriatric population, and the rising prevalence of obesity all contribute to the demand for orthopaedics equipment. With the aid of orthopaedic devices, musculoskeletal disorders can be treated by removing the hip, knee, spine, and cranio-maxillofacial (CMF) bone. These speed up the healing process by providing treatment for shattered bones and muscles. Orthopedic devices are made of titanium or stainless steel alloys to increase their rigidity and toughness.
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Due to the increasing frequency of hip fractures in the elderly, an increase in the old population is a key element fueling the market's expansion. According to a report from the United Health Foundation, hip fractures are thought to be the leading cause of adult hospitalisations over 65. The frequency of orthopaedic incidents has increased due to the approximately 30 percent of seniors who dropped out of the workforce last year, which has significantly increased demand for orthopaedic equipment.
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Orthopedics Devices market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
Key Companies Profiled in the Report:
CONMED Corporation, Medtronic PLC, Zimmer-Biomet Holdings Inc., Smith Nephew PLC, Aesculap Implant Systems LLC, Stryker Corporation, Donjoy Inc., DePuy Synthes, NuVasive Inc., and B. Braun Melsungen AG.
Segments Covered in this report are:
Product Outlook (Revenue, USD Billion; 2017-2027)
- Surgical Devices
Type Outlook (Revenue, USD Billion; 2017-2027)
- Joint Reconstruction Devices
- Spinal Devices
- Trauma Devices
- Arthroscopy Devices
- Dental Implants
Application Outlook (Revenue, USD Billion; 2017-2027)
- Cranio-Maxillofacial (CMF)
- Sports Medical, Extremities, and Trauma (SET)
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Regional Landscape section of the Orthopedics Devices report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
The various regions analyzed in the report include:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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What Questions Should You Ask before Buying a Market Research Report?
How is the Orthopedics Devices-market evolving?
What is driving and restraining the Orthopedics Devices market?
How will each Orthopedics Devices submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2030?
How will the market shares for each Orthopedics Devices submarket develop from 2022 to 2030?
What will be the main driver for the overall market from 2022 to 2030?
Will leading Orthopedics Devices markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?
How will the market shares of the national markets change by 2030 and which geographical region will lead the market in 2030?
Who are the leading players and what are their prospects over the forecast period?
What are the Orthopedics Devices projects for these leading companies?
How will the industry evolve during the period between 2020 and 2030? What are the implications of Orthopedics Devices projects taking place now and over the next 10 years?
Is there a greater need for product commercialisation to further scale the Orthopedics Devices market?
Where is the Orthopedics Devices-market heading and how can you ensure you are at the forefront of the market?
What are the best investment options for new product and service lines?
What are the key prospects for moving companies into a new growth path and C-suite?
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