Market Research Future (MRFR) in its recently published study report asserts that the already booming market of Orthopedic Devices is expected to gain prominence over the forecast period. The market is forecasted to reach US$ 58,814.6 Million by the end of 2023, growing at a CAGR of 4.3 % during 2018-2023.
Global Orthopedic Devices Market – Dominant Key Players
Some of the key players in this market are:
- DePuy Synthes Companies (US)
- Globus Medical, Inc. (US)
- Medtronic (Republic of Ireland)
- NuVasive, Inc. (US)
- Smith & Nephew plc. (UK)
- Stryker Corporation (US)
- Zimmer Inc. (US)
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Global Orthopedic Devices Market – Highlights
An Orthopedic Device are placed within the body’s skeleton and muscle systems so as to correct existing problems or to provide stability. Technological advancements and product development is the best strategy that yields the greatest market benefit. Changing technology, increasing prevalence of osteoporosis, increasing funding for R&D and market growth in emerging economies are major driving forces for global orthopedic devices market.
Orthopedic Devices Market is growing steadily and expected to continue its growth near future. The total market for orthopedic devices was US$ 43,802.1 million in 2016 and expected to reach US$ 58,814.6 million by 2023. The Global Orthopedic Devices Market is expected to grow at a CAGR of 4.3% during the forecast period.
Global Orthopedic Devices Market – Segments
Global Orthopedic devices Market has been segmented on the basis of type which comprise Trauma Fixation, Spinal Devices, Joint Replacement, Consumables & Disposables, Bone Repair, and Others. On the basis of application, it is segmented into, Spine, Trauma and extremities, Knee, Hip, Foot and ankle, and others. On the basis of end user, it is segmented into, Ambulatory surgery centers, Hospitals, and Medical research center.
Global Orthopedic Devices Market – Regional Analysis
Considering the global scenario of the market, North America was holding largest market share of 39.6% in global orthopedic devices market in 2016. Europe is second largest market and expected to reach USD 19,467.6 million by 2023. APAC is expected to grow at fastest CAGR of 6.2% during 2017-2023. On the other hand. Middle East and Africa (ME&A) Orthopedic devices market was growing lower than global average and expected to grow at steady pace.
Global Orthopedic Devices Market– Intended Audience
- Orthopedic devices manufacturers and suppliers
- Research and Development (R&D) Companies
- Research Laboratories
- Market Research and Consulting Service Providers
- Potential Investors
The report for Global Orthopedic Devices Market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different markets segments and regions
Major Table of Content
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope of the Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
List of Tables
Table 1 Global Orthopedic Devices Market By Type, 2014-2023 (USD Million)
Table 2 Global Trauma Fixation Market By Region, 2014-2023 (USD Million)
Table 3 Global Spinal Devices Market By Region, 2014-2023 (USD Million)
List of Figures
Figure 1 Global Orthopedic Devices Market by Type of Product, 2016 (%)
Figure 2 Global Orthopedic Devices Market by Application, 2016 (%)
Figure 3 Global Orthopedic Devices Market by End User, 2016 (%)
Figure 4 Global Orthopedic Devices Market by Region, 2016 (%)
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