Orthopedic Devices Market Overview 2019-2025 Orthobiologic Technologies, Escalating Trends, Revenue Growth, Market Players, Geographical Analysis & Forecast
Orthopedic devices market revenue from orthobiologics is predicted to surpass USD 51.25 billion by 2025. Manufacturers in this field will be focusing on factors that determine the demand trends & consumer preference for orthopedic devices.
Dallas, United States – February 25, 2019 /MarketersMedia/ —
The global orthopedic devices market was valued at US$36.66 billion in 2017, growing at a CAGR of 4.4% during the forecast period from 2019 – 2025. The growth of the global orthopedic devices market is driven by various prominent factors such as increasing geriatric population, rising number of sports injuries and growing number of road accidents. The orthopedic devices industry is certain to witness a strong growth chart ahead of USD 51.25 billion by 2025, according to Adroit Market Research.
The global orthopedic devices report also includes qualitative insights of the market such as drivers, restrains, value chain, regulatory framework and trade statistics.
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Increasing prevalence of orthopedic diseases coupled with rising geriatric population which are susceptible to various orthopedic disorders such as musculoskeletal disorder propel the demand for orthopedic devices. In addiiton, rising incidence of diabetes, osteoarthritis, osteoporosis and obesity also boost the demand for orthopedic devices market globally. The global orthopedic devices market is expected to grow at a CAGR of 4.4% during the forecast period from 2018 to 2025.
The market players are introducing new and innovative orthopedic devices to match the growing demnad among the patient population. Introduction of technologically advanced orthopedic devices reduces the cost of the devices compared to the earlier or old version of the devices. Thus, key players are constantly upgrading their products in order to expand and enhance their market reach. In addition, favorable reimbursement policies for orthopedic devices also support the increase in uptake of the orthopedic devices globally.
The global orthopedic devices market is segmented by devices. The devices segment is categorized as orthobiologics, joint reconstruction, spinal devices, trauma fixation devices, arthroscopic devices, orthopedic accessories, orthopedic braces and support system. The orthobiologics segment is further classified as bone graft substitutes, bone allograft, stem cell therapy, bone growth factors & spinal stimulation, and viscossupplementation. The joint reconstruction devices segment includes various devices such as ankle replacement, digits replacement, elbow replacement, hip replacement, knee replacement, and shoulder replacement. The spinal devices segment includes spinal fusion devices, and spinal non-fusion devices. The trauma fixation devices is classified as internal fixator devices, and external fixator devices.
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The arthroscopic devices segment market is further categorized as arthroscopes, arthroscopic hand instrument, fluid management devices, power saver devices, radiofrequency probe, and drill guide. The orthopedic accessories segment market is further categorized as bone cement, casting system and removal system. The orthopedic braces and support system segment market is classified as spinal orthosis, ankle braces & supports, knee braces & supports, wrist braces, and upper extrimity braces. The regional market of global orthopedic devices is segmented as North America (U.S., Canada and Mexico), Europe (Germany, UK, France, Italy, Russia, Rest of Europe), Asia Pacific (China, Japan, India, Korea, Southeast Asia and Rest of Asia-Pacific) and South America, Middle-Eats & Africa (Brazil, Egypt, Saudi Arabia, South Africa, Nigeria, and Rest of the World). In 2017, North America dominated the global orthopedic devices market and is expected to retain its dominance during the forecast period from 2019-2025.
Global Orthopedic Devices Market Share by Devices in 2018
DePuy Synthes, Stryker Corporation, Zimmer Biomet, Smith & Nephew, Medtronic, Conmed Corporation, NuVasive, Inc. are come of the prominent players operating in the global orthopedic devices market. The key players are focusing on expanding their product portfolio with the introduction of new and innovative technologically advanced devices.
Key segments of the global orthopedic devices market
Device Type Overview, 2015-2025 (USD Million)
Orthobiologics
Bone Allograft
Bone Graft Substitutes
Bone Growth Factors & Spinal Stimulation
Stem Cell Therapy
Viscosupplementation
Joint Reconstruction
Ankle Replacement
Digits Replacement
Elbow Replacement
Hip Replacement
Knee Replacement
Shoulder Replacement
Spinal Devices
Spinal Fusion Devices
Spinal Non-Fusion Devices
Trauma Fixation Devices
Internal Fixator Devices
External Fixator Devices
Arthroscopic Devices
Arthroscopes
Arthroscopic Hand Instrument
Fluid Management Devices
Power Saver Devices
Radiofrequency Probe
Drill Guide
Orthopedic Accessories
Bone Cement
Casting System
Removal System
Orthopedic Braces & Support System
Spinal Orthosis
Ankle Braces & Supports
Knee Braces & Supports
Wrist Braces
Upper Extremity Braces
Regional Overview, 2015-2025 (USD Million)
North America
S.
Canada
Mexico
Europe
Germany
K.
France
Russia
Italy
Rest of Europe
Asia Pacific
China
Japan
Korea
India
Southeast Asia
Rest of Asia Pacific
South America, Middle-East & Africa
Brazil
Egypt
Saudi Arabia
South Africa
Nigeria
Rest of the World
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About Us:
Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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