The report of Global Orthopedic Devices Market by Product (Joint reconstruction, Spinal devices, Trauma fixation, Orthobiologics, Arthroscopic devices, others), End-user (Hospitals, Orthopedic Clinics, Ambulatory Surgical Centers, Others), and Region (North America, Europe, Middle East & Africa, South America, Asia Pacific) is expected to reach US$ XX Mn. by 2027, at a CAGR of 4.20 % during a forecast period.
The scope of the MMR report includes a detailed study of global and regional markets for the orthopedic devices market with the reasons given for variations in the growth of the industry in certain regions. The number of people undergoing joint replacement surgeries, for instance, total hip and knee replacement, has increased steadily and continues to upsurge, because of an increase in the aging population. In 2015, according to the United Health Foundation, annually, more than 300,000 adults belonging to the age group of 65 years and above are projected to be hospitalized for hip fractures. However, a major factor, such as stringent regulatory scenario, may hinder the growth of the orthopedic devices market.
Joint reconstruction segment is expected to grow at the largest CAGR of XX.45% during the forecast period.
The joint reconstruction segment is expected to register a major XX.45% revenue share in the orthopedic devices market during the forecast period. This is because of the growing demand for orthopedic devices among consumers. The spinal devices segment is not far behind, capturing exactly a quarter of the orthopedic devices market throughout 2019-2027.
North America region is expected to account for the largest XX.15% orthopedic devices market share by 2027.
North America is the global leader in the orthopedic devices market. In 2019, it accounted for around XX.15% of the market share. The U.S. market will reach USD XX million by 2027. The growing adoption of advanced orthopedic solutions and improved healthcare infrastructure will stimulate business growth. Europe holds the second-largest share in the orthopedic devices market and it is expected to grow at a CAGR of XX.10 % during the forecast owing to the rising number of orthopedic surgeries.
Key players operating in the Global Orthopedic Devices Market are Smith & Nephew Plc, Aap Implantate Ag, Aesculap Inc, Alphatec Spine, Amedica Corporation, Apatech Ltd., Arthrocare Corporation, Biomet Inc, Conmed Corporation, Depuy Inc, Donjoy Inc, Exatech Inc, Globus Medical Inc, Integra Lifesciences Holding Corporation, Medtronic Inc, Nuvasive Inc, Stryker Corporation, Synthes Inc, Zimmer Holding Inc.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Orthopedic Devices Market. The report encompasses the market by different segments and regions, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in the Global Orthopedic Devices Market. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Orthopedic Devices Market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Orthopedic Devices Market.”
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