Orthopaedic Devices Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2016 to 2021 and Forecast 2022 to 2028

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Orthopaedic Devices Market By Application (Cranio Maxillofacial (CMF), Knee, Hip, Shoulder, Elbow, Spine, Foot and ankle, Others), By Product (Spinal devices, Joint reconstruction, Ortho biologics, Arthroscopic devices, Trauma fixation devices), By Consumables (Orthopaedic staples, Orthopaedic suture anchors), By End User (Hospitals, Orthopaedic clinics, Medical centres, Research Centres) and Geography 

 

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Report

Description

The global Orthopaedic Devices Market was valued at USD 40000 Mn in 2021 and expected to reach USD 57038.8 Mn by 2022 growing at a CAGR of 5.2% during the forecast period 2022 to 2028. The orthopaedic device is a medical device which is used to replace missing joint or bone or to give support to the damaged bone. Orthopaedic Devices Market is fabricated by using titanium alloys and stainless steel for strength and plastic coating acts as artificial cartilage. Internal fixation is a surgery in orthopaedics which involves the implementation of implants in order to repair the damaged bone. Most common orthopaedic medical devices are rods, pins, plates and screws which are used for anchoring of fractured bones while they heal. The presently available pain management treatments are not capable of successfully restoring the body parts due to unavailability of efficient surgical tools which results in huge investments in R&D to introduce new and efficient devices for treatment of pain management. In 2015, According to the Rheumatoid arthritis support network, rheumatoid arthritis (RA) is affecting about 1.3Mn Americans and about 1% of total world population. Manufacturers are focused on huge investments in R&D and innovative product launches. Despite the restraints, emerging markets in developing countries and introduction of biologics for the treatment of foot and ankle disorders are expected to offer lucrative opportunities for the manufacturers in the market.

Orthopaedic Devices Market

MARKET SUMMARY
-
5.2% CAGR
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR–5.2%
  • Largest Market– North America
  • Fastest Growing Market– Asia Pacific

Orthopaedic Devices Market

  • The report on global Orthopaedic Devices Market gives historical, current, and future market sizes (US$ Mn) on the basis of product type, application, consumables, end user and geography.
  • Orthopaedic Devices Market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa
Key Players
  • Medtronic (U.S.)
  • Stryker (U.S.)
  • Zimmer Biomet (U.S.)
  • ConforMIS (U.S.)
  • DJO Global (U.S.)
Dynamics

Orthopaedic Devices Market

Rising geriatric population is the major driving factor of the orthopaedic devices market due to they are highly prone to bone and muscle related disorders like osteoarthritis and osteoporosis. According to WHO, by 2050, global population above 60 years have estimated to reach 2Mn, rising prevalence rate of obesity and diabetes, sedentary lifestyle due to poor physical activity, diet styles and growing trend of consumption of alcohol and smoking, innovations osteology field, growing incidence of accidents and injuries related to sports, are expected to fuel the growth of orthopaedic devices market. Increasing cost burden of the surgeries, a high cost of implants, lack of skilled professionals, low reimbursement policies are hampering the growth of the orthopaedic devices market


North-America got significant share

Orthopaedic Devices Market

Orthopaedic Devices Market is segmented as North America, Asia-Pacific, Europe, the Middle East & Africa, and Latin America. North America is the leading market owing to rise in demand for the advanced healthcare services due to the availability of well-established healthcare infrastructure and favourable reimbursement policies. National Health Interview Survey (NHIS) estimates states that, about 22.7% of adult population in U.S. were diagnosed with arthritis every year, significantly high prevalence among women is 23.9% and men are 18.6%. Asia Pacific is anticipated to show tremendous growth due to increasingly sophisticated healthcare infrastructure, and increased medical tourism in emerging nations. China and India have high growth of geriatric population pool across the globe, growing medical tourism, availability of advanced healthcare treatments at a cheaper cost.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The report provides granular level information about the market size, regional market share, and forecast
  • The report covers in-detail insights about the competitor’s overview, key findings, and their key strategies
  • The report outlines drivers, restraints, challenges, and trends that are currently faced by the industry
  • The report tracks recent innovations, key developments, and startup’s details that are working in the industry
  • The report provides plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

Orthopaedic Devices Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Table Of Content


Report

Company Profile

  • Medtronic (U.S.)
  • Stryker (U.S.)
  • Zimmer Biomet (U.S.)
  • ConforMIS (U.S.)
  • DJO Global (U.S.)
  • NuVasive (U.S.)
  • Globus Medical (U.S.)
  • MicroPort Orthopaedics, Inc (Wright Medical Group) (U.S.)
  • Medacta (Switzerland)
  • Smith & Nephew ( UK)
  • DePuy Synthes (U.S.)

Description

The global Orthopaedic Devices Market was valued at USD 40000 Mn in 2021 and expected to reach USD 57038.8 Mn by 2022 growing at a CAGR of 5.2% during the forecast period 2022 to 2028. The orthopaedic device is a medical device which is used to replace missing joint or bone or to give support to the damaged bone. Orthopaedic Devices Market is fabricated by using titanium alloys and stainless steel for strength and plastic coating acts as artificial cartilage. Internal fixation is a surgery in orthopaedics which involves the implementation of implants in order to repair the damaged bone. Most common orthopaedic medical devices are rods, pins, plates and screws which are used for anchoring of fractured bones while they heal. The presently available pain management treatments are not capable of successfully restoring the body parts due to unavailability of efficient surgical tools which results in huge investments in R&D to introduce new and efficient devices for treatment of pain management. In 2015, According to the Rheumatoid arthritis support network, rheumatoid arthritis (RA) is affecting about 1.3Mn Americans and about 1% of total world population. Manufacturers are focused on huge investments in R&D and innovative product launches. Despite the restraints, emerging markets in developing countries and introduction of biologics for the treatment of foot and ankle disorders are expected to offer lucrative opportunities for the manufacturers in the market.

ASIA PACIFIC OFFICE

Precision Business Insights, 5th Floor, Mohan’s Elite, Opp : Bharat Petroleum Pump, Khanamet Road, Hitech City, Hyderabad – 500084

EUROPE OFFICE

Precision Business Insights, Kemp House, 152 – 160 City Road, London EC1V 2NX