The size of the global market for orthopedic devices will be modest

The size of the global market for orthopedic devices will be modest

Pune, India, October 27, 2022 (GLOBE NEWSWIRE) — MarketStudyReport recently added the latest global report orthopedic device market it is anticipated to register a CAGR of 4.2% during the forecast period.

In addition to describing how they will affect market revenue over the duration of the assessment, it also details the key elements that have influenced the rivalry dynamics in the market. Next, the study examines how COVID-19 affected companies’ profitability in previous years.

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The high frequency of orthopedic disorders, including degenerative bone disease, as well as the expanding geriatric population and the increasing number of traffic accidents are the main determinants of the growth of the global market for orthopedic devices.

For the inexperienced, the medical equipment known as orthotics is employed in the diagnosis, treatment, and prevention of musculoskeletal disorders and injuries. These tools support the broken bone and also help repair missing or broken parts of the skeleton.

Market Segment Overview:

Based on the scope of application, the industry is divided into craniomaxillofacial (CMF) braces, sports injury, extremity and trauma (SET) braces, dental braces, knee braces, spinal braces and hip braces. Out of which, the knee orthopedic devices segment is projected to capture a massive market share during the forecast period.

In terms of product, the global market for orthopedic devices is divided into drivers, distractors, custom clamps, implant holders, guide tubes, drill guides, and accessories.

Based on the type of surgery, the industry is classified into minimally invasive surgery and open surgery. Among these, the minimally invasive surgery segment is projected to expand significantly during the analysis period, due to its growing demand.

Speaking of the end-user arena, the market is categorized into orthopedic clinics, hospitals, and others. Of which, the hospital segment is projected to capture a significant portion of the share in the coming years.

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Territorial scope:

At a regional level, the latest trends are studied in Western Europe (UK, Benelux, France, Spain, Nordic countries, Germany, Italy, rest of Western Europe), Asia Pacific (Australia, South Korea, China, ASEAN, India, Japan, Rest of APAC), Middle East and Africa (GCC, Turkey, South Africa, Rest of MEA), Latin America (Mexico, Brazil, Rest of Latin America), Eastern Europe (Poland, Russia, Rest of Eastern Europe) and North America (USA and Canada). Among these, the North American market is set to expand significantly over the anticipated duration.

Competitive board:

DonJoy Inc, Conmed Corporation, Aesculap, Inc., Orthofix Medical Inc., Globus Medical, Inc., Zimmer Biomet Holdings Inc., B. Braun Melsungen AG, NuVasive Inc., Stryker Corporation, DePuy Synthes, and Medtronic plc are the leading players. in the global orthopedic device industry.

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Global Orthopedic Devices Market, By Application (Value, USD, 2019-2028)

  • Craniomaxillofacial (CMF) orthopedic devices
  • Orthopedic Devices for Sports Injuries, Trauma and Extremities (SET)
  • dental braces
  • spinal orthopedic devices
  • knee braces
  • hip braces

Global Orthopedic Devices Market, By Product (Value, USD, 2019-2028)

  • Accessories
  • screwdrivers
  • distractors
  • custom clamps
  • implant holder
  • guide tubes
  • drilling guide

Global orthopedic device market, by type of surgery (value, USD, 2019-2028)

  • minimally invasive surgery
  • Open Surgery

Global orthopedic devices market, by end user (value, USD, 2019-2028)

  • Orthopedic Clinics
  • hospitals
  • Others

Global Orthopedic Devices Market, Geographic Fragmentation (Value, USD, 2019-2028)

North America

Latin America

  • Mexico
  • Brazil
  • Rest of Latin America

Europe

  • Poland
  • Russia
  • Nordic
  • Benelux
  • Italy
  • France
  • Spain
  • United Kingdom
  • Germany
  • The rest of Europe

Pacific Asia

  • Australia
  • South Korea
  • India
  • Porcelain
  • Japan
  • ASEAN
  • Rest of Asia Pacific

Middle East and Africa

  • Turkey
  • South Africa
  • GCC
  • Rest of MEA

Global Orthopedic Devices Market, Company Profiles (Value, USD, 2019-2028)

  • donjoy inc
  • Conmed Corporation
  • Aesculap, Inc.
  • orthofix medical inc.
  • Globe Medical, Inc.
  • Zimmer Biomet Holdings Inc.
  • B. Braun Melsungen AG
  • nuvasive inc.
  • Stryker Corporation
  • DePuy synthesizers
  • medtronic plc

Table of Contents

1. Market introduction

1.1. scope of study

1.2. Problem Statement

1.3. Market segmentation

2. Assumptions and Acronyms

3. Executive Summary

3.1. World market in 2022

3.2. Analyst information and recommendations

3.3. Growth opportunities and key strategies

3.4. Supply-side and demand-side trends

4. Research methodology

5. Analysis of the impact of COVID-19 and the way forward

6. Market indicators and background

6.1. macroeconomic factors

6.1.1. World Population Overview and Forecast

6.1.2. Health spending by country

6.1.3. Health expenditure per capita by country

6.2. prognostic factors

Robust evaluation of several factors, including industry performance, spending by industry players, and economic conditions, among others.

6.3. Supply chain and value chain analysis

6.3.1. Orthopedic Devices Manufacturers

6.3.2. technology integrators

6.3.3. key end users

6.4. Industry SWOT Analysis

6.5. PESTLE Analysis

6.6. Porter’s five forces analysis

7. Government Laws and Industry Regulations

8. Global and regional market dynamics

8.1. drivers

8.2. restrictions

8.3. Trends

8.4. Opportunities

9. Global Orthopedic Devices Market – Key Investment Analysis

9.1. By key industry players

9.2. By region

9.3. Mergers and acquisitions activities

Robust assessment of major investments made by various industry players along with key application areas, technology assessment, and key end-use sector

10. Price analysis

10.1. per application

10.2. by product

10.3. By region

11. Major Market Overview – Global Medical Devices Market

12. Segmental analysis

13. Regional Analysis

Related report:

Global Orthopedic Devices Market 2022 – Snapshot

Global Orthopedic Devices Market The size is expected to increase by USD 9 billion with a CAGR of 3.2% by the end of 2028. This industry report offers market estimates of the global market, followed by a detailed analysis of the application, end user and the region. Global market data on orthopedic devices can be segmented by application: Arthroscopy, Craniomaxillofacial Fixation (CMF), Joint Reconstruction, Orth Biologics, Orthopedic Bone Cement and Cast Materials, Orthopedic Braces and Brackets, Power Tools and Orthopedic Consumables, Surgery spinal, fixation trauma, others. The orthopedic device market is further segmented by end user: hospitals, specialty clinics, others. The hospital segment was the largest contributor to the global orthopedic device market in 2021. Based on the region, the orthopedic device market is segmented into: North America, Asia Pacific, Europe, Rest of World (ROW).

Global Orthopedic Biomaterials Market 2022-2028

global orthopedic biomaterials market it is expected to grow by USD 12 billion, at a compound annual growth rate (CAGR) of 7.1% from 2022 to 2028, according to the latest edition of the Orthopedic Biomaterials Global Market Report. The report provides in-depth analysis and insights on the current global market scenario, latest trends, and drivers of the global orthopedic biomaterials market. It offers exclusive insight into various details such as market size, key trends, competitive landscape, growth rate, and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the orthopedic biomaterials industry. The materials used in orthopedic implants are generally used to improve fracture fixation, joint replacement, or dynamic stabilization. These include reconstructive implants, fracture management products, spinal products, rehabilitation products, arthroscopy products, electrical stimulation products, casting products, etc.

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