Orthopedic Devices Market Segmentation | Dynamics and Share| Forecast To 2023

11/set/2019 15:53:41 Market Research Future Contatta l'autore

Orthopedic Devices Market Overview by Share, Size, SWOT Analysis, Segmentation, Emerging Trends, Outlook for Future, Applications, Insights, Profiles, Key Players, Future Outlook, PESTEL analysis with Regional Insights of North America, Asia-Pacific, Europe, and the Middle East & Africa, Forecast To 2023

Acknowledging the kind of traction, this market witnesses, Market Research Future (MRFR) in its recently published study report ASSERTS That the Global  Orthopedic Devices Market  is projected to reach USD 58,814.6 MN by 2023 registering Approximately 4.3% CAGR during the review period (2017 to 2023). In the year 2017, the market had valued USD 43.802.1 MN.

The orthopedic devices market is growing pervasively, witnessing an exponential growth backed by the increasing investments in the R&D activities. Healthcare segment extensively absorbed orthopedic devices for a range of surgical applications such as implants. Over the past decade, orthopedic devices have significantly evolved. As a result, the market is garnering huge traction.

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Additional factors substantiating market growth include the growing population and urbanization worldwide. Improving economic conditions provide impetus to market growth, enabling access to the quality of life and the improved healthcare. Seminal efforts and investments put into the development of innovative devices, by the key market players are selling the market growth. Besides, initiatives taken by the Government are playing major roles in fostering market growth.

The market growth is on the other hand, such as low awareness among people. Also, the skepticism of physicians towards the advancement and efficacy of these implants affects the market growth negatively. However, the demand for sophisticated implants

Key Players:

The leading players in the global orthopedic devices market include Globus Medical, Inc. (US), DePuy Synthes Companies (US), Medtronic (Republic of Ireland), Smith & Nephew plc. (UK), NuVasive, Inc. (US), Zimmer Inc. (US), and Stryker Corporation (US).

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Global Orthopedic Devices Market - Segmentations

MRFR has segmented the analysis into four key dynamics for the convenience of understanding;

By Type: Fixation Trauma, Spinal Devices, Joint Replacement, Consumables & Disposables, and Bone Repair among others.

By Application: Spine, Trauma & Extremities, Knee, Hip, Foot & Ankle, and others.

By end-user: Ambulatory surgery centers, Hospitals, and Medical research centers among others.

By Regions: Europe, North America, APAC, and the Rest of the World.

Global Orthopedic Devices Market - Geographical Analysis

The North American region dominates the global orthopedic devices market mainly due to the huge per capita healthcare expenditures followed by the European and Asia Pacific region. The North America orthopedic devices market in the region.

The increase in the growth of the patient in the region, leading to an increase in the patient population. In addition, well-spread awareness among people, towards the benefits of biodegradable products and to enhance the growth of the orthopedic devices market in the region.

The European region accounts for the second largest market for orthopedic devices. Besides, the availability of innovative treatment facilities and research activities in the field of orthopedic devices. Health and fuel market growth in the region.

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