The Global Orthopedic Devices Market is expected to reach $52.6 billion by the end of 2020 growing at a CAGR of around 5.7% from 2014 to 2021. An orthopedic device is used to support or replace the missing bone or joint. It helps in restoring the function by replacing or reinforcing the damaged structure.
In order to develop a biocompatible device, various properties of musco-skeletal tissues such as bone, cartilage, ligament and tendon need to be properly understood. The material used in the devices should be adaptable to the body in order to avoid rejection. This information helps in establishing materials and strategies that are explicitly tailored for each type of tissue defect.
North America is leading the Global Orthopedic Devices Market while Asia Pacific is the fastest upcoming market. The Global Orthopedic Devices Market is segmented on the basis of Types (Joint Replacement, Spinal Devices, Bone Repair, Trauma Fixation and Consumables & Disposables) and Region (North America, Europe, Asia Pacific and Rest of the World).
High incidence of orthopedic related disorders, rise in the number of aging population, increasing number or work related musculoskeletal disorders and increasing awareness of minimally invasive procedures are some of the reasons augmenting the growth of the market.
High cost of sophisticated manufacturing equipment, stringent FDA regulations and biocompatibility issues are some of the reasons hindering the growth of the market.
What the report offers:
Market Definition for the specified topic along with identification of key drivers and restraints for the market.
Market analysis for the Global Orthopedic Devices Market, with region specific assessments and competition analysis on a global and regional scale.
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market shares.
Identification and analysis of the Macro and Micro factors that affect the Global Orthopedic Devices Market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
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