Orthopedic Devices Market Forecast: A Comprehensive Assessment 2029.

Orthopedic Devices Market exhibiting a CAGR of 6.7 % during the forecast period (2023-2029)

Puja Pandey Puja Pandey
Sep 8, 2023 - 14:52
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Orthopedic Devices Market Overview: 

As per Maximize Market Research, a global business research and consultancy firm, the total global market for “Orthopedic Devices Market” was valued at USD 60.84 Billion in 2022, and it is expected to reach USD 95.79 Billion by 2029, exhibiting a CAGR of 6.7 % during the forecast period (2023-2029)

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Orthopedic Devices Market Dynamics:

In recent years, wearable technology has emerged as an intriguing venture that has gained widespread acclaim across the globe. With every new development in technology, this technology, which allows many professionals in the industry and individuals to measure personal fitness and health parameters, becomes more precise. In the near future, it is anticipated that the potential impact of these devices on orthopaedic treatment will increase dramatically as they become more accurate and find new uses in health monitoring. By using this technology to analyse and evaluate their patients' pre-operative progress, orthopaedic specialists may explain several elements of treatment to patients without having to see them in person.

Orthopedic Devices Market Segmentation: 

by Devices Type
Joint Reconstruction Devices
Knee
Hip
Extremities
Spinal Devices
Spinal Fusion Devices
Spinal Non-Fusion Devices
Trauma Devices
Arthroscopy Devices
Orthobiologic Devices
Others

The market is divided into joint reconstruction devices, spinal devices, trauma devices, arthroscopy devices, orthobiologics, and other devices based on the kind of device. The joint reconstruction category dominated the market in 2019. The market is growing as a result of an increase in musculoskeletal procedures affecting these joints, such as shoulder and extremity reconstructions, knee and hip replacement surgeries, and other musculoskeletal procedures. Due to a growth in sports-related soft tissue injuries and the increased launch of cutting-edge technologies in this industry, the arthroscopy devices (sports medicine/soft tissue repair) sector is anticipated to grow at a significant rate during the forecast period.

Orthopaedic knee devices had the largest market share in 2022, exceeding 28.2%. It's likely that this category will maintain its dominance from.

by End-User
Hospitals
Orthopedic Clinic
Ambulatory Surgical Centers
Others

Hospitals are anticipated to be a dominant end user segment over the course of the projection period, according to end user. Due to the fact that they require surgery to implant, orthopaedic devices are typically employed in hospitals. Patients with orthopaedic injuries are frequently treated in hospitals. In addition to therapy, hospitals' efficient reimbursement practises play a critical role in the rising number of patients receiving care in hospitals. But it's anticipated that as the usage of minimally invasive procedures increases, outpatient surgical facilities will become more popular.
Hospitals are under pressure to continually upgrade their technology and services as customers grow more aware of the availability of innovative products. The utilisation of orthopaedic procedures has also increased as a result of payment coverage for orthopaedic therapy. These qualities allow customers to.

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Orthopedic Devices Market Scope and Methodology

The primary source involved interviews with significant market leaders and industry experts including business owners and marketing specialists while secondary sources are a combination of the reviews of the financial and annual reports of top manufacturers. For better information on market penetration, competitive landscape demand analysis, and regional analysis are taken at the local, regional, and global levels. The report analyses an estimation of the market size of the Orthopedic Devices market along with current as well as future trends. The report provides an in-depth analysis of the key development, marketing strategies, supply side and demand side indicators and company profiles of the market owners, market leaders, potential players and new entrants.  The bottom-up approach was used in the report to estimate the Orthopedic Devices Market.  The primary and secondary data sources were used to collect data.

Orthopedic Devices Market Key Players: 

1. Johnson & Johnson
2. Medtronic
3. Smith & Nephew Plc.
4. Aap Implantate Ag
5. Aesculap Inc.
6. Alphatec Spine
7. Amedica Corporation
8. Apatech Ltd.
9. Arthrocare Corporation
10. Biomet Inc.
11. Conmed Corporation
12. Depuy Inc.
13. Donjoy Inc.
14. Exatech Inc.
15. Globus Medical Inc.
16. Integra Lifesciences Holding Corporation
17. Medtronic Inc.
18. Nuvasive Inc.
19. Stryker Corporation
20. Synthes Inc.
21. Zimmer Holding Inc.

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Orthopedic Devices Market Regional Insights: 

The Orthopedic Devices market demonstrates extensive segmentation across North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report offers a comprehensive evaluation of various aspects, encompassing factors, market dimensions, growth pace, and regional import-export dynamics. This analysis delves into both local and country levels within each region.

Key questions answered in the Orthopedic Devices Market are:

  • What is Orthopedic Devices?
  • What was the Orthopedic Devices market size in 2022?
  • What are the different segments of the Orthopedic Devices Market?
  • What growth strategies are the players considering to increase their presence in Orthopedic Devices?
  • What are the upcoming industry applications and trends for the Orthopedic Devices Market?
  • What are the recent industry trends that can be implemented to generate additional revenue streams for the Orthopedic Devices Market?
  • Who are the key players in the Orthopedic Devices market?
  • What segments are covered in the Orthopedic Devices Market?
  • Who are the leading companies and what are their portfolios in Orthopedic Devices Market?

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2021)
  • Past Pricing and price curve by region (2018 to 2021)
  • Market Size, Share, Size & Forecast by different segment | 2023−2029
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Market Segmentation – A detailed analysis by segment with their sub-segments and Region
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of Business by Region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

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