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

  • Single User License $3500

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

Status : September, 2021 | Medical Devices

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

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?