Orthopedic Surgical Devices Market – 2019-2025
Market Overview: Orthopedic Implants Devices
The orthopedic devices sector is a dynamic field within the medical device industry. Available devices can be categorized, for example, as joint reconstruction, orthobiologics, trauma fixation devices, spinal devices, accessories, braces and arthroscopic devices.
The orthopedic devices market is expected to witness a CAGR of 7.2% during the forecast period. North America has been dominating the orthopedic devices market, and the region is expected to maintain its dominance throughout the forecast period.
- The number of people undergoing joint replacement surgeries, such as total hip and knee replacement, has increased steadily and continues to increase, due to an increase in the aging population. The rise in the osteoporosis-related fractures and musculoskeletal diagnoses are driving the demand for orthopedic implants among the population aged 65 years or older.
- According to the Arthritis Research, UK published a report on “The State of Musculoskeletal Health 2018”, it is estimated that 17.8 million people live with a musculoskeletal condition in the United Kingdom, which is around 28.9% of the total population. Therefore, statistics show that the number of orthopedic surgeries is increasing, which leads to an increase in the demand for orthopedic implants.
- The other driving factors include an increasing number of large joint reconstruction surgeries, growing elderly population, increase in the prevalence of orthopedic disorders, and development of bioabsorbable and titanium implants. However, factors, such as stringent regulatory reforms, hamper the growth of the market.
The global Orthopedic Surgical Devices market report comprehensively analyzes different factors that can play a major role in affecting the Orthopedic Surgical Devices market. The different types of products/services that constitute the market are identified and are categorized according to the market share that they occupy. The market concentration of the various types is also identified after a comprehensive analysis. The data is collected from different sources and after extensive market research ensuring the accuracy of the collected data. The data presented in the report is from the year 2019 to the year 2025 that comprises the base period.
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Top Orthopedic Implant Companies:
Medtronic
Stryker
Zimmer-Biomet
DePuy Synthes
Smith and Nephew
Aesculap Implant Systems
Conmed
NuVasive
Drivers and Risks Of Surgery Tools
There are multiple factors that play a major role in the Orthopedic Surgical Devices market. These can be factors that either boost the market growth or a negative influence on the global Orthopedic Surgical Devices market. These factors do not remain constant and can vary from region to region. A few factors that boost the market growth in a particular region can be the cause of decline in another region. The list of factors segmented by the regions is presented in the report after a comprehensive analysis to ensure that no mistakes are made. The data from the year 2019 to the year 2025 has been forecast in the report.
Regional Description Of Orthopedic Devices
The report on the global Orthopedic Surgical Devices market segments the globe into several smaller market regions based on their location. The different regions that are mentioned in the report include Africa, the Middle East, South America, North America, Europe, and Asia Pacific. This segmentation helps to identify different market trends that are unique to a particular region and can boost the market growth. These factors can also be instrumental in increasing market growth while popularizing the product in different regions. The data has been included during both the forecast period and the base period.
Research Methodology : Trends In Orthopedics
The data collected has been analyzed according to different parameters to identify the various factors that are instrumental in growing the Orthopedic Surgical Devices market. The collated data is analyzed according to the five parameters that make up Porter’s Five Forces Analysis. The different parameters mentioned are the threat of new entrants, the threat of substitutes, the bargaining power of customers, bargaining power of suppliers and competitive rivalry. This data is then presented in the report from the year 2019 to the year 2025 comprising the base period and from the year 2019 to the year 2025 for the forecast period.
Orthopedic Implants Manufacturers
The different companies that manufacture Orthopedic Surgical Devices products/services are identified and are categorized according to the market share that they occupy in the Orthopedic Surgical Devices market. The companies that have the largest market share are further analyzed to check their growth strategies and technological advancements. The strategic profiling of these companies has also been presented in detail in the report. The market overview and the revenue that each company earns is presented in detail for both the base period from the year 2019 to the year 2025 and during the forecast period from the year 2019 to the year 2025.
This report provides comprehensive analysis :
Key market segments and sub-segments
Evolving market trends and dynamics
Changing supply and demand scenarios
Quantifying market opportunities through market sizing and market forecasting
Tracking current trends/opportunities/challenges
Competitive insights
Opportunity mapping in terms of technological breakthroughs
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Scope of the Report
Orthopedic devices are used to replace missing joint or bone or to give support to the damaged bone. The devices are fabricated by using titanium alloys and stainless steel for strength, and plastic coating acts as artificial cartilage. Internal fixation is a surgery in orthopedics, which involves implementation of implants, in order to repair the damaged bone. Most common orthopedic medical devices are the rods, pins, plates, and screws, which are used for anchoring of fractured bones while they heal.
Key Market Trends Today
The Join Reconstruction Segment is Anticipated to Grow at High CAGR During the Forecast Period
The global orthopedic devices market is segmented by application and geography. The application segment is further segmented into hip orthopedic devices, joint reconstruction, knee orthopedic devices, spine orthopedic devices, trauma fixation devices, craniomaxillofacial orthopedic devices, dental orthopedic devices, and other applications. The joint reconstruction segment is anticipated to grow at a high CAGR, owing to the rise in geriatric population, growing prevalence of osteoarthritis and osteoporosis, and rise in the incidence of sports injuries and road accidents. Additionally, technological advancements have significantly influenced the joint reconstruction devices segment of the market studied.
Spinal devices are also expected to witness a steady growth rate during the forecast period, owing to the introduction of new technologies and products and rise in prevalence of spine-related disorders. The trauma fixation orthopedic devices are also anticipated to witness substantial revenue by the end of 2025.
Asia-Pacific is Anticipated to Grow with the Fastest CAGR During the Forecast Period
North America is expected to dominate the market, due to the increasing awareness of the minimally-invasive procedures for orthopedic surgeries, continuous innovation in the implant technologies, and advanced healthcare facilities. A high adoption rate of advanced technologies are also the factors driving the growth of the market in this region.
The demand for orthopedic surgeries in China and India is also expected to grow tremendously in the near future. India and China are anticipated to account the largest market share in the Asia-Pacific region, owing to the high increase in the geriatric population pool. Moreover, increasing medical tourism, due to the availability of cost-efficient and advanced healthcare treatment options, compared to the other geographical regions, and increasing adoption of novel technologies are bolstering the growth of orthopedic devices market in the Asia-Pacific region. Increase in the R&D expenditures on novel technologies and growing economic conditions in countries, like Brazil, are likely to enhance the market growth for orthopedic devices in the Latin America region.
Competitive Landscape
The global orthopedic devices market is highly fragmented. Market players focus on continuous product development and offering orthopedic devices at competitive prices, especially in the developing countries. Minimally invasive orthopedic devices, which do not require repeat procedures, are expected to boost the number of procedures in the developed and developing regions. For instance, in March 2017, Integra Life Sciences announced the commercial expansion of the cadence total ankle system, a new ankle prosthesis developed in partnership with four world-leading foot and ankle surgeons, and in December 2017, Smith & Nephew acquired Rotation Medical Inc.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics Supply and demand
Market size Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
Available Customizations:
With the given market data, We offers customizations as per the company’s specific needs. The following customization options are available for the report:
- Product Analysis: Product matrix, which gives a detailed comparison of the product portfolios of each company
- Geographic Analysis: Further breakdown of the European, Asia Pacific, and the Rest of the World segments into their respective countries for this market
- Company Information: Detailed analysis and profiling of additional market players (up to 5)
- Volume Data: Customization options for volume data (number of units sold) and customization options for volume data (number of tests)
- Opportunities Assessment: A detailed report underlining the various growth opportunities presented in the market
The report includes six parts, dealing with:
1.) Basic Information;
2.) The Asia Orthopedic Surgical Devices Speaker Market;
3.) The North American Orthopedic Surgical Devices Speaker Market;
4.) The European Orthopedic Surgical Devices Speaker Market;
5.) Market Entry And Investment Feasibility;
6.) The Report Conclusion.
Table of Content: Orthopedic Surgical Devices Markets
1 Study Coverage
2 Executive Summary
3 Breakdown Data by Manufacturers
4 Breakdown Data by Type
5 Breakdown Data by Application
…
11 Company Profiles
12 Future Forecast
13 Market Opportunities, Challenges, Risks and Influences Factors Analysis
14 Value Chain and Sales Channels Analysis
15 Research Findings and Conclusion
16 Appendix
Continued …
The key insights of The Report Research:
1.The report Research provides key statistics on the market status of the Orthopedic Surgical Devices manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
2.The report Research provides a basic overview of the industry including its definition, applications and manufacturing technology.
3.The report Research presents the company profile, product specifications, capacity, production value, and 2019-2018 market shares for key vendors.
4.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
5.The report Research estimates 2019-2025 market development trends of Orthopedic Surgical Devices industry.
6.Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out
7.The report Research makes some important proposals for a new project of Orthopedic Surgical Devices Industry before evaluating its feasibility.
Reasons to Purchase this Report:
* Analyzing the outlook of the market with the recent trends and SWOT analysis
* Market dynamics scenario, along with growth opportunities of the market in the years to come
* Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
* Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
* Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
* Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
* Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
* 1-year analyst support, along with the data support in excel format.
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