Global Orthopedics Devices Market Size, Share, Industry Growth

  • Orthopedics Devices market size is expected to reach USD 65.29 Billion by 2027, according to a new report by Emergen Research.

    The demand for orthopedics devices is propelled by factors such as the rising occurrence of osteoporosis, musculoskeletal conditions, technological advancements, growing prevalence of sports accidents, increasing geriatric population, and increased obesity prevalence.

    The demand in the North America region is marked by a rise in the incidence of orthopedic surgery, combined with sufficient orthopedic patient reimbursement policies.

    The Global Orthopedics Devices Market report comprises of vital details of the Orthopedics Devices business sphere that aims to offer the reader a comprehensive understanding of the Orthopedics Devices market and identify optimum growth prospects to gain a competitive edge over other competitors.

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    Emergen Research has segmented the global Orthopedics Devices Market on the basis of product, type, application, and region:

    • 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)

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    Elements analyzed in the report:

    The Global Orthopedics Devices Market report offers an elaborate analysis of the different elements of the industry, such as product development and technological advancements, product types, applications, and major expansion strategies undertaken by prominent companies.

    Key participants include 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, among others.

    Regional Analysis of the Orthopedics Devices Market includes:

    • 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)

    The market in North America held the second-largest Orthopedics Devices market share in 2019 and is estimated to grow at a rate of 7.1% in the forecast period. The high demand in the region is due to the growing adoption of electric vehicles, especially in the US. Further the growing storage requirements from renewable energy generation plants is causative of the market growth.

    Some 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.

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