DUBLIN--(BUSINESS WIRE)--The "Global Orthopedic Devices Market Competition Forecast & Opportunities, 2027" report has been added to ResearchAndMarkets.com's offering.
The global orthopedic devices market is anticipated to witness a robust growth at a steady CAGR in the forecast period, 2023-2027. Factors such as the rise in the geriatric population, that suffers from bone damage and orthopedic concerns and the growing healthcare expenditure capacity of consumers are primarily driving the demand for the global orthopedic devices market.
The surge in government investments in research and development activities to ensure painless and effective treatment for orthopedic issues coupled with the rise in the number of hospitals & clinics using orthopedic devices are expected to propel the growth of the global orthopedic devices market over the next five years.
Also, the increased incidence of traumatic injuries requires the use of early diagnostic and non-surgical treatments to help with the unbearable pain for the patients. This is expected to fuel the growth of the global orthopedic devices market in the forecast years.
The global orthopedic devices market is segmented by type, application, end user, and regional distribution and company. Based on type, the market is fragmented into joint reconstruction devices, spinal devices, trauma devices, orthobiologics, and others. Joint reconstruction devices are expected to capture the highest market share in the forecast period, 2023-2027.
The rise in the demand for procedures requiring musculoskeletal procedures, knee and hip replacements, and shoulder and extremities reconstruction are driving the segment demand.
Years considered for this report:
- Historical Years: 2017-2020
- Base Year: 2021
- Estimated Year: 2022E
- Forecast Period: 2023F-2027F
Objective of the Study:
- To analyze the historical growth in the market size of global orthopedic devices market from 2017 to 2021
- To estimate and forecast the market size of global orthopedic devices market from 2022E to 2027F and growth rate until 2027F
- To classify and forecast global orthopedic devices market based on type, application, end user, regional distribution, and company
- To identify dominant region or segment in the global orthopedic devices market
- To identify drivers and challenges for global orthopedic devices market
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global orthopedic devices market
- To identify and analyze the profile of leading players operating in global orthopedic devices market
- To identify key sustainable strategies adopted by market players in global orthopedic devices market
Companies Mentioned
- Medtronic Plc
- Stryker Corporation
- B Braun Melsungen AG
- Conmed Corporation
- Smith & Nephew plc
- Johnson & Johnson Private Limited
- NuVasive, Inc
- Zimmer Biomet Holdings, Inc
- Arthrex, Inc
- DJO Global, Inc
- Aesculap Implant Systems, LLC
- Globus Medical Inc
- Wright Medical Group NV
- DJO, LLC
- Integra Lifesciences Corporation
Report Scope:
In this report, global orthopedic devices market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Global Orthopedic Devices Market, By Type:
- Joint Reconstruction Devices
- Spinal Devices
- Trauma Devices
- Orthobiologics
- Others
Global Orthopedic Devices Market, By Application:
- Hip Orthopedic Devices
- Knee Orthopedic Devices
- Spine Orthopedic Devices
- Craniomaxillofacial Orthopedic Devices
- Dental Orthopedic Devices
- Others
Global Orthopedic Devices Market, By End User:
- Hospitals & Clinics
- Ambulatory Care Centers
- Others
Global Orthopedic Devices Market, By Region:
- North America
- Europe
- Asia-Pacific
- Middle East & Africa
- South America
For more information about this report visit https://www.researchandmarkets.com/r/flns1h
