Global Orthopedic Devices Market Insights:
The global orthopedic devices market is poised to grow moderately at a CAGR of 4.0% during the forecast period (2020-2026). This growth trajectory is attributed to the prevalence of a wide range of orthopedic disorders such as osteoarthritis, rheumatoid arthritis, fibromyalgia and juvenile arthritis. This is attributed to the prevalence of an aging population, lifestyle changes and obesity.
To remain ‘ahead’ of your competitors, request for a sample – https://www.factmr.com/connectus/sample?flag=S&rep_id=4780
Increase in incidence rates of injuries related to accidents, sports and adventure activities is also anticipated to burgeon market prospects for orthopedic devices in the forecast period. Increase in the number of injuries and accidents have led to bone disorders such as joint pains, joint instability, bone loss and infection. The American Academy of Orthopedic Surgeons (AAOS) revealed that nearly a quarter of sports injuries were related to lower extremities such as foot and ankle.
Global Orthopedic Devices Market: Technological Insights:
Globally, there has been a surge in the adoption of technologically enhanced orthopedic devices in recent years. A large number of global manufacturers with technical expertise and core competencies are making consistent efforts to manufacture novel orthopedic products to attract more customers. Some examples of these are orthopedic medical devices and orthopedic fixation devices. Improved biomaterial based implants offering high strength and low wear are witnessing an exponential increase in demand across developed and developing nations.
Need more information about Report Methodology? Click here- https://www.factmr.com/connectus/sample?flag=RM&rep_id=4780
Some key technological advancements in orthopedic devices include titanium fiber plates, stemless shoulder implants, 3D- printing and minimally invasive surgeries. These advancements are based on affordability, ease of utility and novelty. Several major manufactures have been collaborating with emerging market entrants with novel pipeline products in their portfolio. In 2017, Johnson and Johnson collaborated with Aspect Biosystems, a company engaged in 3D-bioprinting and tissue engineering to launch new and advanced orthopedic devices.
Global Orthopedic Devices Market: Product Insights:
The joint reconstruction segment is anticipated to capture a majority of the global orthopedic devices market share, amounting to nearly 1/3rd. The spinal devices segment is not far behind, capturing exactly a quarter of the global orthopedic devices market throughout the forecast period.
The presence of a large patient pool requiring knee, elbow and shoulder replacement surgeries and growing investment in research and development by key market players are important growth levers for the joint reconstruction segment. Growth in the spinal devices segment is attributed to an increase in minimally invasive and interbody fusion procedures, surge in usage of synthetic cages and addition of pedicle screws as fixation devices.
To connect an Expert – https://www.factmr.com/connectus/sample?flag=AE&rep_id=4780
The Orthopedic Devices Market research answers important questions, including the following:
- Why Orthopedic Devices Market players are focusing on the business expansion in region?
- Which regulatory authorities have granted approval to the application of Orthopedic Devices Market
- What are the pros and cons of the Orthopedic Devices Market the environment?
- Why players are targeting the production of segment?
- What are the strategies implemented by emerging players in the global Orthopedic Devices Market?
The Orthopedic Devices Market report serves the readers with the following data:
- In-depth analysis of supply-side and demand-side trends.
- Direct and indirect impacts of the growth of relevant markets on the Orthopedic Devices
- Importance of segment in various regions.
- Accurate Y-o-Y growth of the global Orthopedic Devices
- Consumption trends among individuals across the globe.
Explore Fact.MR’s Comprehensive Coverage on Healthcare Landscape
Prepackaged Medical Kits and Trays Market Forecast, Trend, Analysis & Competition Tracking – Global Market Insights 2024 to 2030: https://www.factmr.com/report/5413/prepackaged-medical-kits-and-trays-market
Cables and Leads for Medical Equipment Market Forecast, Trend, Analysis & Competition Tracking – Global Market Insights 2024 to 2030: https://www.factmr.com/report/5418/cables-and-leads-for-medical-equipment-market
Coatings for Medical Devices Market Forecast, Trend, Analysis & Competition Tracking – Global Market Insights 2024 to 2030: https://www.factmr.com/report/5421/coatings-for-medical-devices-market
Read More Trending Reports of Fact.MR-
Why choose Fact.MR?
We carry immense pride in saying that our work is recognized by 150+ countries worldwide. Our experience is conveyed by the fact that we have published 6, 000+ reports, thanks to our dedicated team of professionals. With digital intelligence solutions, we support our clients in remaining at the driver’s seat. Our crew of 300+ analysts are available 24/7 to offer dynamic updates regarding various verticals and companies.
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: [email protected]
Visit Our Website: https://www.factmr.com
