Increase in prevalence of orthopedic injuries or diseases and rise in geriatric population across the world drive the global orthopedic devices market.
According to the report published by Allied Market Research, the global orthopedic devices market garnered $37.29 billion in 2018, and is estimated to generate $47.79 billion by 2026, growing at a CAGR of 3.1% from 2019 to 2026. The report offers a detailed analysis of drivers & opportunities, top investment pockets, key players, major segments, and competitive landscape.
Increase in prevalence of orthopedic injuries or diseases including traumatic fractures, osteoporosis, osteoarthritis, and rheumatoid arthritis and rise in geriatric population across the world drive the global orthopedic devices market. However, high costs related to various procedures involving orthopedic implants & treatments and strict government regulations hinder the market growth. On the other hand, untapped potential in emerging economies present lucrative opportunities for market players.
Download Sample Report with Detailed COVID-19 Impact Analysis at: https://www.alliedmarketresearch.com/request-sample/658
Covid-19 Scenario:
- During the coronavirus pandemic, the medical procedures that can be postponed until the pandemic moderates or lowers have been postponed by hospitals and medical facilities. Many orthopedic procedures have been postponed by patients themselves. So, the demand for orthopedic devices would reduce.
- Moreover, there has been shortage of supply of raw materials as factories have been shut down. Even though some of the factories have been reopened, the shortage will persist for some time.
The report offers a detailed segmentation of the global orthopedic devices market based on product, application, and region.
Based on product, the accessories segment held nearly one-third of the total share of the global market in 2018, and is expected to maintain its highest contribution based on revenue during the forecast period. However, the drill guide segment is estimated to witness the largest CAGR of 3.7% from 2019 to 2026.
Based on application, the knee orthopedic devices segment contributed to the highest share, holding nearly one-fourth of the global market revenue in 2018, and is projected to maintain its leadership status throughout the forecast period. However, the hip orthopedic devices segment is estimated to grow at the largest CAGR of 3.7% during the forecast period.
Based on region, North America held the largest share in terms of revenue in 2018, accounting for nearly two-fifths of the total share, and is expected to maintain its dominant position throughout the forecast period. However, Asia-Pacific would witness the highest CAGR of 4.4% from 2019 to 2026.
Key players of the global orthopedic devices market analyzed in the research include Arthrex, Inc., DJO Global, Inc., CONMED Corporation, B. Braun Melsungen AG, Globus Medical Inc., Smith & Nephew Plc., Medtronic Plc., Wright Medical Group N.V., Stryker Corporation, and Zimmer Biomet Holdings, Inc.
Report Attribute | Details |
Market size available for years | 2020-2027 |
Base year considered | 2020 |
Forecast period | 2019-2026 |
Forecast units | Value (USD) |
Segments covered | Product Type, Application, Mode, End User, Region |
Geographies covered | North America, Europe, Asia-Pacific, LAMEA |
Similar Reports with COVID-19 Analysis:
Global Orthopedic Implant Antibacterial Coatings Surface Treatment Market by Type (Passive Surface Finishing/Modifications (PSM), Active Surface Finishing/Modifications (ASM), and Peri-Operative Antibacterial Local Carriers 0r Coatings (LCC)) – Opportunity Analysis and Industry Forecast, 2020-2027
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Life Science Market: https://www.alliedmarketresearch.com/reports-store/life-sciences
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research