Orthopedic Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029

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Orthopedic Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029

Status : October, 2020 | Medical Devices | PPT format

Report Digest


Global Orthopaedic Devices Market: Overview

Increased prevalence of various degenerative bone disease, such as rheumatoid arthritis, curvature of the spine, bone cancer, and cervical spondylitis is estimated to accelerate the growth of the global orthopedic devices market in the forthcoming years. Apart from degenerative bone diseases, increasing number of road accidents and expanding base of geriatric population are likely to work in favor of the market.  Sedentary lifestyles and obesity trigger musculoskeletal conditions, which is likely to emerge as growth factor for the market in the years to come.

The global orthopedic devices market is likely to observe gradual rise in the increasing adoption of orthopedic solutions offered to alleviate post-operative complications. These solutions are likely to assist in faster recovery.  Constant emergence of new market players and changes in reimbursement policies by regulatory agencies on the basis of performance of the products has led to shift toward value based product offerings.

Source, application, and region are the three key parameters based on which the global orthopedic devices market has been divided. The objective of such segmentation is to offer a clearer, 360-degree view of the market.

Global Orthopedic Devices Market: Notable Developments

The global orthopaedic devices market has come across some major developments over the last few years. One of such developments that have played an important role in influencing the course of the market is mentioned below:

  • In February 2019, Medtronic plc launched Grafton demineralized bone matrix (DBM)  in Japan. The product bone grafting product to be used for various orthopedic and spinal procedures.  The product is not only the first but the only available demineralized bone matrix product found in Japan. The country is the second largest market when it comes to sale of sale of spinal medical devices.

Some of the key players in the global orthopedic devices market comprise the below-mentioned:

  • Stryker Corporation
  • Aesculap Implant Systems
  • Medtronic Plc.
  • Smith And Nephew
  • Zimmer Biomet
  • DJO Global

Global Fragrances Market: Key Trends

The following drivers, restraints, and opportunities characterize global orthopedic devices market over the assessment period, from 2019 to 2027.

Increased Spending on Research and Development Activities to Open New Growth Avenues

At present, the techniques of trauma management is not capable of restoring normal functions of body parts owing to absence of efficacious and effective surgical tools. Hence, makers are making substantial investment in the research and development activities so as to present brand new efficient and innovative devices. Augmented R&D activities are expected to work in favor of the global orthopedic devices market.

Increasing awareness pertaining to the availability of various innovative products are driving hospitals to go for upgradation of their services and devices. In addition, favorable reimbursement policies of various orthopedic treatments has surged the number of orthopedic surgeries. These factors enable many customers to go for expensive and advanced devices, which add to the total sales of these devices.

Global Orthopedic Devices Market: Geographical Analysis

Over the period of analysis, North America is estimated take lead of the global orthopedic devices market with the promise of offering plethora of opportunities for the market players in the near future. The growth of the region is triggered by the increased demand for advanced healthcare services ad devices. Besides, presence of favorable reimbursement policies, several market players, and well-developed healthcare infrastructure to work in favor of the North America orthopedic devices market in the near future.

The global orthopedic devices market is segmented as:

Application

  • Hip
  • Knee
  • Spine
  • Cranio-Maxillofacial
  • Dental
  • SET

Product

  • Accessories
  • Surgical Devices

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?