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Orthopedic Devices Market to Find Better Growth with US$ 60,052.8 Million, to grow at CAGR of 5.0% by 2027 – Asserts CMI

July 7th, 2020 Coherent Market Insights Releases

Orthopedic devices are used in fractures, trauma and for correcting bone deformities. Joint implants are generally used for treating deformities in knee, pectoral and pelvic girdle. Implants such as femoral head, humeral head, reverse shoulder prosthesis, knee prosthesis and others.

Statistics:

The global orthopedic devices market is estimated to account for US$ 60,052.8 Mn in terms of value by the end of 2019.

Global Orthopedic Devices Market: Drivers

Increasing number of sport-related injuries is expected to propel growth of the global orthopedic devices market over the forecast period. For instance, according to the National High School Sports-Related Injury Surveillance Study 2017-2018, 1,367,490 cases of sport-related were recorded in high schools in the U.S.

To learn more about this report, request a sample copy*
* The sample copy includes: Report Summary, Table of Contents, Segmentation, Competitive Landscape, Report Structure, Methodology.

Request a sample copy of this report@ https://www.coherentmarketinsights.com/insight/request-sample/3946

Global Orthopedic Devices Market: Opportunities

Development and launch of next generation orthopedic devices is expected to offer lucrative growth opportunities for players in the global orthopedic devices market. For instance, in February 2019, Breg, Inc. launched Breg Quantum OA, a next generation unloader knee brace for mild to severe osteoarthritis.

Global Orthopedic Devices Market: Restraints

Product recalls are expected to hinder growth of the market. For instance, in March 2020, NuVasive, Inc. issued recall of its Magec System Model X rods for patients with early onset scoliosis.

Key Takeaways:

The global orthopedic devices market was valued at US$ 40,772.0 Mn in 2019 and is forecast to reach a value of US$ 60,052.8 Mn by 2027 at a CAGR of 5.0% between 2020 and 2027. Increasing number of sport-related injuries is expected to propel growth of the global orthopedic devices market over the forecast period

Hip Orthopedic Devices segment held dominant position in the global orthopedic devices market in 2019, accounting for 31.2% share in terms of value, followed by Knee Orthopedic Devices Market and Spine, respectively. Development and launch of next generation orthopedic devices is expected to drive the growth of the market during the forecast period.

Browse Press Release: https://www.coherentmarketinsights.com/press-release/orthopedic-devices-market-3215

Market Trends

Increasing number of road accidents is boosting growth of the market. For instance, according to the Ministry of Road Transport and Highways, Government of India, in 2018, the number of road accidents increased by 0.46% compared to 2017.

The market is witnessing use of 3D technology in development of orthopedic devices. For instance, in April 2020, the research ‘Patient-specific 3D-printed Splint for Mallet Finger Injury,’ published in the International Journal of Bioprinting’, in April 2020, reported use of an Ultimaker 2 Extended+ 3D printer to fabricate splint for mallet finger injury.

Global Orthopedic Devices Market: Competitive Landscape   

Major players operating in the global orthopedic devices market include, aap Implantate AG, Aesculap, Inc., Arthrex, Inc., ArthroCare Corporation, Biomet, Inc., Conmed Corporation, DePuy Synthes, Inc., OSSIO, Globus Medical, Inc., NuVasive, Inc., Conventus Orthopaedics, DJO Global, Inc., and Breg, Inc.

Access research reports that are tailored specifically for you and your organization in order to explore practical growth strategies and recommendations
Buy-Now this Research Report @ https://www.coherentmarketinsights.com/insight/buy-now/3946

Global Orthopedic Devices Market: Key Developments

January 2019: OSSIO, an orthopedic fixation company, announced that its OSSIOfiber Bone Pin Family received 510(k) market clearance from the U.S. Food and Drug Administration (FDA) for the treatment of forefoot conditions.

November 2018: DJO Global, Inc., a provider of orthopedic technologies, partnered with SirenMD, a workplace collaboration platform, to become the exclusive sales representative for SirenMD’s sports team market

Segmentation

  • Global Orthopedic Devices Market, By Product Type:
    • Hip Orthopedic Devices
    • Knee  Orthopedic Devices
    • Spine  Orthopedic Devices
    • Shoulder  Orthopedic Devices
    • Elbow  Orthopedic Devices
    • Foot and Ankle  Orthopedic Devices
    • CMF  Orthopedic Devices
    • Others
  • Global Orthopedic Devices Market, By Region:
    • North America
      • By Product Type:
        • Hip Orthopedic Devices
        • Knee  Orthopedic Devices
        • Spine  Orthopedic Devices
        • Shoulder  Orthopedic Devices
        • Elbow  Orthopedic Devices
        • Foot and Ankle  Orthopedic Devices
        • CMF  Orthopedic Devices
        • Others
      • By Country
        • U.S.
        • Canada
    • Latin America
      • By Product Type:
      • By Country
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Product Type:
      • By Country
        • U.K.
        • Germany
        • France
        • Spain
        • Italy
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Product Type:
      • By Country
        • China
        • Japan
        • India
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Product Type:
      • By Country
        • GCC Countries
        • Israel
        • Rest of Middle East
    • Africa
      • By Product Type:
      • By Country
        • North Africa
        • Central Africa
        • South Africa

About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies, to not-for-profit organization, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.

To know more about us, please visit our website – www.coherentmarketinsights.com

Contact:

Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837

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