An orthopedic device is placed within the body’s skeleton and muscle systems so as to correct existing problems or to provide stability. The Worldwide Orthopedic Devices Market report is segmented by 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. The Worldwide Orthopedic Devices Market has been segmented on the basis of type which comprises Trauma Fixation, Spinal Devices, Joint Replacement, Consumables & Disposables, Bone Repair and Others.
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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. The Global Orthopedic Devices Market is expected to grow at a CAGR of 4.3% during the forecast period. The 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.
Orthopedic Devices Market by Regions: 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, the Middle East and Africa (ME&A) Orthopedic devices market was growing lower than global average and expected to grow at steady pace.
The Orthopedic Devices Market Key Players: DePuy Synthes Companies (US), Globus Medical, Inc. (US), Medtronic (Republic of Ireland), NuVasive, Inc. (US), Smith & Nephew plc. (UK), stryker Corporation (US) and Zimmer Inc.(US).
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Major TOC Orthopedic Devices Market:
1 Report Prologue
2.1 Scope of Study
2.2 Research Objective
2.3 Assumptions & Limitations
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
4 Market Dynamics
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