Orthopaedic Devices Market is estimated to surpass $ 31.88 Billion marks in 2019 and reach USD 41.56 Billion by 2024, at a Compound Annual Growth Rate (CAGR) of 4.4% during the forecast period 2016-2024 globally. High prevalence of orthopedic conditions such as degenerative bone disease and rising geriatric population are some of the major market drivers. The increasing number of road accidents are expected to further propel market growth. Additionally, obesity and sedentary lifestyles resulting in early onset of musculoskeletal conditions are expected to boost market expansion during the forecast period. Rising awareness regarding the availability of innovative products among patients is pushing hospitals to constantly upgrade devices and services they offer. In addition, reimbursement coverage of orthopaedic treatments has fuelled adoption of advanced surgeries. These factors encourage customers to opt for advanced and high-priced devices, thus adding to the total revenue generation of the sector. Along with the introduction of advanced products, prices for their older versions reduce significantly. This helps in driving the adoption of advanced devices in developing countries where medical reimbursement is partially available or is completely unavailable. Such regions include Asia Pacific, Latin America, and the Middle East and Africa. The cumulative effect of these activities is expected to result in increasing procedural volume and thus, fuelling the growth of the Orthopaedic Devices Market. The growing geriatric population base is highly susceptible to developing bone-related diseases such as osteoporosis and osteoarthritis. As per WHO, the global population over 60 years is expected to reach 2 billion by 2050. The increasing base of the elderly population will create significant demand for various orthopedic implants and devices. An increasing prevalence of diabetes and obesity, lack of physical activity, poor diet intake and a rising trend of smoking and alcohol consumption will fuel orthopedic devices market demand over the forecast years. New innovations in the field of osteology should boost the development of cost-effective devices. Technological advances in 3D printing, robot-assisted surgical procedures, and smart implants will represent high impact driving factors for the global industry revenue. Joint reconstruction held over 40% of the orthopaedic devices market share with expectations to witness more than 3% CAGR. Increasing geriatric population, the rising prevalence of osteoporosis and osteoarthritis and soaring incidence of road accidents and sports injuries will drive demand for artificial joint reconstruction devices. North America Orthopaedic Devices Market accounted for the highest revenue in 2017 and is projected to grow at a significant rate during the forecast period. U.S Orthopaedic Devices Market share held over 90% of regional revenue. Increasing adoption of advanced orthopaedic solutions and improved healthcare infrastructure will stimulate business growth. Rising R&D support to develop innovative products should also augment industry expansion. Maximize Market Research has comprehensively analyzed Orthopaedic Devices Market emphasizing on each segment keeping global and regional dynamics in perspective. The driving forces, as well as considerable restraints, have been explained in depth to attain a balanced scenario. The report classifies Orthopaedic Devices Market into various segments such as Products, Applications, and Regions providing a thorough understanding of the Orthopaedic Devices Ecosystem. Importantly, the report delivers forecasts of the market, giving an insight into the future opportunities that exist in the Orthopaedic Devices Market.
The Scope of the Orthopaedic Devices Market Report:
Orthopaedic Devices Market By Product:Joint Reconstruction, Spinal Devices, Trauma Fixation Devices, Orth biologics, Arthroscopic Devices
Orthopaedic Devices MarketBy Application:Hip, Knee, Spine, Craniomaxillofacial, Dental, Sports Injuries, Extremities, and Trauma (SET)
Orthopaedic Devices MarketBy Geography:North America, Europe, Asia Pacific, Middle East & Africa and Latin America
Orthopaedic Devices Market-Key Players:Medtronic PLC Stryker Corporation Zimmer-Biomet Holdings, Inc. DePuy Synthes Smith and Nephew PLC Aesculap Implant Systems, LLC Conmed Corporation Donjoy, Inc. NuVasive, Inc. Biomet, Inc. Wright Medical Group, Inc. Globus Medical, Inc. Johnson & Johnson Arthrex Inc. RTI Surgical Inc. AlloSource DePuy Synthes DJO Global 4WEB Medical Acumed Advanced orthopaedics Aesculap Implant Systems Alphatec Spine AMEDICA Anika Therapeutics Success Stories: Key Industry Players: Globus Medical, Inc. Johnson & Johnson Arthrex Inc. RTI Surgical Inc. Heart Pump Device Market
Table of Contents
Orthopaedic Devices Market1. INTRODUCTION 1.1 Report Description 1.1.1 Objectives of the Study 1.1.2 Market Scope 1.1.3 Years considered in the study 1.1.4 Currency 1.1.5 Stakeholders 1.2 Target Audience 1.3 Key Takeaways 2. RESEARCH METHODOLOGY 2.1 Research Methodology 2.2 Market Definition 2.3 Assumptions and Acronyms Used 2.4 Data Sources 2.4.1 Secondary 220.127.116.11 Paid 18.104.22.168 Unpaid 2.4.2 Primary 2.5 Analyst tools and models 3. EXECUTIVE SUMMARY 3.1 Global Orthopaedic Devices Market Overview 3.1.1 By Products 3.1.2 By Application 3.1.3 By Geography 4. GLOBAL ORTHOPAEDIC DEVICES MARKET OUTLOOK 4.1 Market Definition, Segmentation and Scope of Study 4.2 Market Dynamics 4.2.1 Drivers 22.214.171.124 Rising awareness on availability of innovative products 126.96.36.199 Increasing number of road accidents 4.3 Restraints 4.3.1 High-cost of products 4.3.2 Longer follow-up period 4.4 Opportunities 4.4.1 Increasing obesity and sedentary lifestyles 4.5 Market Share Analysis 4.5.1 By Products 4.5.2 By Application 4.5.3 By Geography 4.6 Competitive Analysis 4.6.1 Key Strategic Initiatives 4.6.2 Regional Presence 4.6.3 Product Overview 4.7 Porter’s Analysis 4.8 PESTEL Analysis 4.9 Product Benchmark Analysis 4.10 Company Market Share Analysis 4.11 Key Findings 4.11.1 Top Wining Strategies 4.11.2 Top Investment Pockets 4.11.3 Top Impacting Factors 5. GLOBAL ORTHOPAEDIC DEVICES MARKET, BY PRODUCTS 5.1 Product Type Segment Analysis & Market Share 5.2 Joint Reconstruction 5.2.1 Overview 5.2.2 Market Size and Forecast 2016-2024 5.3 Spinal Devices 5.3.1 Overview 5.3.2 Market Size and Forecast 2016-2024 5.4 Trauma Fixation Devices 5.4.1 Overview 5.4.2 Market Size and Forecast 2016-2024 5.5 Orthobiologics 5.5.1 Overview 5.5.2 Market Size and Forecast 2016-2024 5.6 Arthroscopic Devices 5.6.1 Overview 5.6.2 Market Size and Forecast 2016-2024 6. GLOBAL ORTHOPAEDIC DEVICES MARKET, BY APPLICATION 6.1 Application Type Segment Analysis & Market Share 6.2 Hip 6.2.1 Overview 6.2.2 Market Size and Forecast 2016-2024 6.3 Knee 6.3.1 Overview 6.3.2 Market Size and Forecast 2016-2024 6.4 Spine 6.4.1 Overview 6.4.2 Market Size and Forecast 2016-2024 6.5 Craniomaxillofacial 6.5.1 Overview 6.5.2 Market Size and Forecast 2016-2024 6.6 Dental 6.6.1 Overview 6.6.2 Market Size and Forecast 2016-2024 6.7 Sports Injuries, Extremities, and Trauma (SET) 6.7.1 Overview 6.7.2 Market Size and Forecast 2016-2024 7. GLOBAL ORTHOPAEDIC DEVICES MARKET, BY GEOGRAPHY 7.1 Geography Type Segment Analysis & Market Share 7.2 North America 7.2.1 Overview 7.2.2 Global Standing in Orthopaedic Devices Market by Application 188.8.131.52.1 Hip 184.108.40.206.2 Knee 220.127.116.11.3 Spine 18.104.22.168.4 Craniomaxillofacial 22.214.171.124.5 Dental 126.96.36.199.6 Sports Injuries, Extremities, and Trauma (SET) 7.2.3 Market Size and Forecast 2016-2024 7.3 Europe 7.3.1 Overview 7.3.2 Global Standing in Orthopaedic Devices Market by Application 188.8.131.52.1 Hip 184.108.40.206.2 Knee 220.127.116.11.3 Spine 18.104.22.168.4 Craniomaxillofacial 22.214.171.124.5 Dental 126.96.36.199.6 Sports Injuries, Extremities, and Trauma (SET) 7.3.3 Market Size and Forecast 2016-2024 7.4 Asia Pacific 7.4.1 Overview 7.4.2 Global Standing in Orthopaedic Devices Market by Application 188.8.131.52.1 Hip 184.108.40.206.2 Knee 220.127.116.11.3 Spine 18.104.22.168.4 Craniomaxillofacial 22.214.171.124.5 Dental 126.96.36.199.6 Sports Injuries, Extremities, and Trauma (SET) 7.4.3 Market Size and Forecast 2016-2024 7.5 Latin America, Middle East and Africa 7.5.1 Overview 7.5.2 Global Standing in Orthopaedic Devices Market by Application 188.8.131.52.1 Hip 184.108.40.206.2 Knee 220.127.116.11.3 Spine 18.104.22.168.4 Craniomaxillofacial 22.214.171.124.5 Dental 126.96.36.199.6 Sports Injuries, Extremities, and Trauma (SET) 7.5.3 Market Size and Forecast 2016-2024 8. COMPITITIVE LANDSCAPE 8.1 Market Share/ Positioning Analysis 8.2 Key Innovators 8.3 Company Profiles 8.3.1 Medtronic PLC 188.8.131.52 Overview 184.108.40.206 Service Portfolio 220.127.116.11 Global Geographical Footprint 18.104.22.168 Strategic Initiatives 22.214.171.124 SWOT Analysis 126.96.36.199 Competitive Assessment 8.3.2 Stryker Corporation 188.8.131.52 Overview 184.108.40.206 Service Portfolio 220.127.116.11 Global Geographical Footprint 18.104.22.168 Strategic Initiatives 22.214.171.124 SWOT Analysis 126.96.36.199 Competitive Assessment 8.3.3 Zimmer-Biomet Holdings, Inc. 188.8.131.52 Overview 184.108.40.206 Service Portfolio 220.127.116.11 Global Geographical Footprint 18.104.22.168 Strategic Initiatives 22.214.171.124 SWOT Analysis 126.96.36.199 Competitive Assessment 8.3.4 DePuy Synthes 188.8.131.52 Overview 184.108.40.206 Service Portfolio 220.127.116.11 Global Geographical Footprint 18.104.22.168 Strategic Initiatives 22.214.171.124 SWOT Analysis 126.96.36.199 Competitive Assessment 8.3.5 Smith and Nephew PLC 188.8.131.52 Overview 184.108.40.206 Service Portfolio 220.127.116.11 Global Geographical Footprint 18.104.22.168 Strategic Initiatives 22.214.171.124 SWOT Analysis 126.96.36.199 Competitive Assessment 8.3.6 Aesculap Implant Systems, LLC 188.8.131.52 Overview 184.108.40.206 Service Portfolio 220.127.116.11 Global Geographical Footprint 18.104.22.168 Strategic Initiatives 22.214.171.124 SWOT Analysis 126.96.36.199 Competitive Assessment 8.3.7 Conmed Corporation 188.8.131.52 Overview 184.108.40.206 Service Portfolio 220.127.116.11 Global Geographical Footprint 18.104.22.168 Strategic Initiatives 22.214.171.124 SWOT Analysis 126.96.36.199 Competitive Assessment 8.3.8 Donjoy, Inc. 188.8.131.52 Overview 184.108.40.206 Service Portfolio 220.127.116.11 Global Geographical Footprint 18.104.22.168 Strategic Initiatives 22.214.171.124 SWOT Analysis 126.96.36.199 Competitive Assessment 8.3.9 NuVasive, Inc. 188.8.131.52 Overview 184.108.40.206 Service Portfolio 220.127.116.11 Global Geographical Footprint 18.104.22.168 Strategic Initiatives 22.214.171.124 SWOT Analysis 126.96.36.199 Competitive Assessment 8.3.10 Biomet, Inc. 188.8.131.52 Overview 184.108.40.206 Service Portfolio 220.127.116.11 Global Geographical Footprint 18.104.22.168 Strategic Initiatives 22.214.171.124 SWOT Analysis 126.96.36.199 Competitive Assessment 8.3.11 Wright Medical Group, Inc. 188.8.131.52 Overview 184.108.40.206 Service Portfolio 220.127.116.11 Global Geographical Footprint 18.104.22.168 Strategic Initiatives 22.214.171.124 SWOT Analysis 126.96.36.199 Competitive Assessment 8.3.12 Globus Medical, Inc. 188.8.131.52 Overview 184.108.40.206 Service Portfolio 220.127.116.11 Global Geographical Footprint 18.104.22.168 Strategic Initiatives 22.214.171.124 SWOT Analysis 126.96.36.199 Competitive Assessment 8.3.13 Johnson & Johnson 188.8.131.52 Overview 184.108.40.206 Service Portfolio 220.127.116.11 Global Geographical Footprint 18.104.22.168 Strategic Initiatives 22.214.171.124 SWOT Analysis 126.96.36.199 Competitive Assessment 8.3.14 Arthrex Inc. 188.8.131.52 Overview 184.108.40.206 Service Portfolio 220.127.116.11 Global Geographical Footprint 18.104.22.168 Strategic Initiatives 22.214.171.124 SWOT Analysis 126.96.36.199 Competitive Assessment 8.3.15 RTI Surgical Inc. 188.8.131.52 Overview 184.108.40.206 Service Portfolio 220.127.116.11 Global Geographical Footprint 18.104.22.168 Strategic Initiatives 22.214.171.124 SWOT Analysis 126.96.36.199 Competitive Assessment 8.3.16 AlloSource 188.8.131.52 Overview 184.108.40.206 Service Portfolio 220.127.116.11 Global Geographical Footprint 18.104.22.168 Strategic Initiatives 22.214.171.124 SWOT Analysis 126.96.36.199 Competitive Assessment 8.3.17 DePuy Synthes 188.8.131.52 Overview 184.108.40.206 Service Portfolio 220.127.116.11 Global Geographical Footprint 18.104.22.168 Strategic Initiatives 22.214.171.124 SWOT Analysis 126.96.36.199 Competitive Assessment 8.3.18 DJO Global 188.8.131.52 Overview 184.108.40.206 Service Portfolio 220.127.116.11 Global Geographical Footprint 18.104.22.168 Strategic Initiatives 22.214.171.124 SWOT Analysis 126.96.36.199 Competitive Assessment 8.3.19 4WEB Medical 188.8.131.52 Overview 184.108.40.206 Service Portfolio 220.127.116.11 Global Geographical Footprint 18.104.22.168 Strategic Initiatives 22.214.171.124 SWOT Analysis 126.96.36.199 Competitive Assessment 8.3.20 Acumed 188.8.131.52 Overview 184.108.40.206 Service Portfolio 220.127.116.11 Global Geographical Footprint 18.104.22.168 Strategic Initiatives 22.214.171.124 SWOT Analysis 126.96.36.199 Competitive Assessment 8.3.21 Advanced orthopaedics 188.8.131.52 Overview 184.108.40.206 Service Portfolio 220.127.116.11 Global Geographical Footprint 18.104.22.168 Strategic Initiatives 22.214.171.124 SWOT Analysis 126.96.36.199 Competitive Assessment 8.3.22 Aesculap Implant Systems 188.8.131.52 Overview 184.108.40.206 Service Portfolio 220.127.116.11 Global Geographical Footprint 18.104.22.168 Strategic Initiatives 22.214.171.124 SWOT Analysis 126.96.36.199 Competitive Assessment 8.3.23 Alphatec Spine 188.8.131.52 Overview 184.108.40.206 Service Portfolio 220.127.116.11 Global Geographical Footprint 18.104.22.168 Strategic Initiatives 22.214.171.124 SWOT Analysis 126.96.36.199 Competitive Assessment 8.3.24 AMEDICA 188.8.131.52 Overview 184.108.40.206 Service Portfolio 220.127.116.11 Global Geographical Footprint 18.104.22.168 Strategic Initiatives 22.214.171.124 SWOT Analysis 126.96.36.199 Competitive Assessment 8.3.25 Anika Therapeutics 188.8.131.52 Overview 184.108.40.206 Service Portfolio 220.127.116.11 Global Geographical Footprint 18.104.22.168 Strategic Initiatives 22.214.171.124 SWOT Analysis 126.96.36.199 Competitive Assessment 8.4 Global Orthopaedic Devices Market – Benchmarking 8.4.1 Changing Competitive Landscape 8.4.2 Benchmarking 188.8.131.52 Product Based 184.108.40.206 Revenue Based 220.127.116.11 Service Based 18.104.22.168 One-stop-shop vs. Niche entities 22.214.171.124 Cross-Industrial Applications 9. SUCCESS STORIES: KEY INDUSTRY PLAYERS 9.1 Globus Medical, Inc. 9.2 Johnson & Johnson 9.3 Arthrex Inc. 9.4 RTI Surgical Inc. 10. CONSOLIDATION 10.1 Mergers and Acquisitions 10.1.1 Overview 10.1.2 Key Drivers – By Region 10.1.3 M&A Breakdown 10.1.3.1 Asset & Non-Asset Based 10.1.3.2 Venture Capitalist Based 10.2 Fragmentation of Global Orthopaedic Devices Market 10.3 Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 10.4 New/Emerging Models of Partnerships 10.5 New/Emerging Business Models 10.5.1 Strategic Analysis of Orthopaedic Devices Business Models 10.5.1.1 Orthopaedic Devices-as-a-service 10.5.2 Market share analysis of various business models 10.5.3 Emerging Trends – Key Examples 10.6 Changing Investment Paradigm: Focused areas by Key Players 10.7 Patent Analysis 11. LIST OF TABLES 12. LIST OF FIGURES