Orthopedic Devices Market Growth, Size, Analysis, Outlook by 2019 - Trends, Opportunities and Forecast to 2024
Category: #reports  By Ashwin Naphade  Date: 2019-01-22
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Orthopedic Devices Market Growth, Size, Analysis, Outlook by 2019 - Trends, Opportunities and Forecast to 2024

Market Study Report, LLC, has developed a concise study on the Orthopedic Devices market to depict valuable insights related to significant market trends driving the industry. The report features analysis based on key opportunities and challenges confronted by market leaders while highlighting their competitive setting and corporate strategies for the estimated timeline.Orthopedic Devices Market size is set to exceed USD 53 billion by 2024; according to a new research report.

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Growing geriatric population coupled with increasing prevalence of arthritis and osteoporosis will stimulate the global orthopedic devices market growth. Poor diet intake, lack of physical activity, and changing lifestyle trends should further fuel demand.

 

Rising number of road accidents coupled with increasing instances of sports injuries will spur orthopedic implants and devices demand. Growing trend towards adoption of minimally invasive surgical procedures and use of innovative biodegradable implants for medical treatment will fuel business growth.

Advances in osteology to develop cost effective devices along with technological innovation in robot assisted surgical interventions, implants and 3D printing will boost the orthopedic devices market size over the forecast years. Emerging countries should offer lucrative growth opportunities due to increasing elderly population, rising prevalence of bone disorders and adoption of novel technologies over coming years.

Inflated surgery and devices cost, lack of skilled human resource and presence of non-uniform reimbursement scenario across different regions should restrain industry growth. Low per capita income levels in developing countries and lack of awareness will further limit business expansion.

The joint reconstruction devices industry has gained popularity due to growing unmet need for better and effective solutions for bone related ailments. Technological advances in implants and minimally invasive implant techniques will promote business growth.

Trauma fixation devices should witness lucrative growth due to rising geriatric population susceptible to bone disorders and growing instances of road accidents, leading to bone fractures and spinal injuries. However, high devices cost and expensive nature of surgeries may hamper industry growth over forecast years.

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Orthobiologics is set to exceed USD 4 billion by 2024, owing to its rising demand among surgeons as a bone grafts and substitutes. Growing geriatric population, increasing prevalence of musculoskeletal disorders, changing lifestyle and availability of innovative products will trigger industry growth.

U.S. orthopedic devices market was valued at over USD 20 billion in 2016 and is anticipated to witness significant growth over the coming years. Rising prevalence of osteoporosis, osteoarthritis, and musculoskeletal disorders, growing geriatric population, adoption of advanced technologies and presence of sophisticated healthcare infrastructure should boost orthopedic devices industry growth.

UK orthopedic devices market accounted for more than 15% of Europe revenue share, owing to huge geriatric population base and rising prevalence of bone diseases. Increasing economic burden of fractures and other bone related ailments should accelerate growth.

Japan orthopedic devices market held over 40% of regional revenue share with the target market size set to exceed USD 2 billion by 2024. Rapidly growing geriatric population base and increasing incidence of spine disorders and bone injuries should stimulate business growth. Adoption of advanced technologies and growing patient awareness will also propel industry growth.

Mexico orthopedic devices market size was valued over USD 300 million in 2016. Increasing prevalence of osteoporosis, growing number of accidents, increasing economic burden of bone ailments, and improvement in healthcare infrastructure should stimulate industry growth.

Some of the companies operating in the orthopedic devices market include Medtronic, Stryker, Zimmer Biomet, ConforMIS, DJO Global, MicroPort Scientific Corporation, NuVasive, Medacta, Globus Medical, Smith & Nephew, and DePuy Synthes. The industry is primarily driven by strategic acquisitions coupled with new product launches and geographical expansion. Industry participants strive to retain their market position in high profitable areas and high growth verticals by adoption these strategies.

Orthopedic devices market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2013 to 2024, for the following segments:

Orthopedic Devices Market By Product:

Joint Reconstruction

Hip Replacement

Knee Replacement

Ankle Replacement

Shoulder Replacement

Spinal Devices

Trauma Fixation Devices

Orthobiologics

Arthroscopic Devices

Others

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The above information is provided for the following regions and countries:

North America

U.S.

Canada

Europe

Germany

UK

Italy

France

Spain

Poland

Russia

Asia Pacific

China

India

Japan

Australia

South Korea

Taiwan

Latin America

Argentina

Brazil

Mexico

Middle East and Africa

South Africa

Saudi Arabia

Qatar

Egypt

UAE

Some of the Major Highlights of TOC covers:

Chapter 1: Methodology & Scope

Definition and forecast parameters

Methodology and forecast parameters

Data Sources


Chapter 2: Executive Summary

Business trends

Regional trends

Product trends

End-use trends


Chapter 3: Orthopedic Devices Industry Insights

Industry segmentation

Industry landscape

Vendor matrix

Technological and innovation landscape


Chapter 4: Orthopedic Devices Market, By Region

Chapter 5: Company Profile

Business Overview

Financial Data

Product Landscape

Strategic Outlook

SWOT Analysis

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About Author

Ashwin Naphade

Email: [email protected]   

Ashwin Naphade

Ashwin is into digital marketing since the last 2 years and has worked on multiple projects across various industries. He likes posting information and knowledge on multiple topics with an objective to create online visibility as well as share his inputs. His interest...

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