High prevalence of incidences where the body ends up resulting in fractures, increasing cases of osteoporosis amongst geriatric population, rise in the cases of bone related issues such as osteoporosis, osteoarthritis and Osgood-Schlatter disease amongst men and women across the world are key factors contributing to high CAGR of Osteosynthesis Devices during forecast period.
Market Size – USD 6.57 Billion in 2018, Market Growth – CAGR of 6.7%, Market Trends – Product launches and research for advanced Osteosynthesis Devices
According to the current analysis of Reports and Data, the global Osteosynthesis Devices market was valued at USD 6.57 Billion in 2018 and is expected to reach USD 11.04 Billion by year 2026, at a CAGR of 6.7%. The incidences of bone related injuries and osteoporosis diseases have been increased in couple of decades which led to the innovation of osteosynthesis equipment. The osteosynthesis devices is another resultant of the technological advancements in the healthcare sector which is helping to change the landscape of the treatment procedures.
The marketplace for osteosynthesis devices is anticipated to grow at a major rate because of the rising geriatric population who are susceptible to bone disorders, rising demand for minimally invasive surgeries that improves the healing method, and rising incidence of bone fractures across the world expected to drive the osteosynthesis devices market over the forecasted duration. Moreover, with the exception of aforesaid factors, increasing device technology or material advancements in the healthcare sector are also contributing largely to the osteosynthesis devices market since most number of people are preferring advanced procedures. Shifting from the standard methodology of fracture treatment is occurring rapidly in the healthcare practices since the procedure becomes simple and the healing process also gives fast results which is another factor for the market growth and the increasing incidence of road traffic injuries are expected to fuel the market revenue growth for osteosynthesis devices market over the forecasted period.
Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/2278
The global Osteosynthesis Devices market is expected to register significant growth throughout the forecast period. The pharmaceutical & healthcare sector has register significant revenue growth over the recent past. Technological advancements in the healthcare and medical sector, availability of latest tools and techniques, increasing investments in the healthcare sector and improving healthcare infrastructure are key factors boosting market growth. In addition, rising funds by several public and private sectors, high adoption of POC diagnosis and home care settings, is further fueling market growth.
The current pandemic has been very challenging for all industries including the healthcare and pharma sector. Shortage of medicines, vaccines and others healthcare facilities is expected to open lucrative growth opportunities for market players in going ahead.
Request a discount on the report @ https://www.reportsanddata.com/discount-enquiry-form/2278
Competitive Landscape:
The report offers detailed information about recent activities by market players, their market position, financial status, global standing, services and product portfolio along with license agreement. These key players are adopting various strategies such as partnerships, collaborations, merger and acquisitions, and joint ventures to gain robust footing in the market. These players are also investing in research and development activities to come up with enhanced materials and products.
Leading companies operating in the global Osteosynthesis Devices market
DePuy Synthes, Inc., Smith & Nephew Plc., Striker Corporation, Zimmer-Biomet, Globus Medical, Inc., GS Medical, LLC, Life Spine, Inc., MicroPort Orthopedics, Inc., and Neosteo SAS, Precision Spine, Inc.
To know more about the report @ https://www.reportsanddata.com/report-detail/osteosynthesis-devices-market
The report further sheds light on market segmentation and regional bifurcation.
Osteosynthesis Devices Market Segmentation:
Type (Revenue, USD Million; 2016–2026)
- Internal
- External
Material (Revenue, USD Million; 2016–2026)
- Degradable
- Nondegradable
End Use (Revenue, USD Million; 2016–2026)
- Hospitals
- Orthopedic Clinics
- Ambulatory Surgical Centers
Key Regional Markets:
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Spain
- Benelux
- Italy
- Rest of the Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Taiwan
- Australia
- Rest of Asia-Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Egypt
- Israel
- Rest of MEA
- Latin America
- Brazil
- Argentina
- Rest of Latin America
Further key findings from the report suggest
- Osteosynthesis Devices market is growing at a CAGR of 1% in Asia Pacific followed by North America and Europe, with 6.9% and 6.8% CAGR, respectively. Presence of increasing healthcare expenditure and high patient disposable income is anticipated to drive market growth during the study period. Also the developing healthcare infrastructure in emerging nations is expected to be a major driving factor for the growth of osteosynthesis devices market players.
- As of 2018, Hospitals end use is the dominating Osteosynthesis Devices end use which holds 58% of the global market. North America market is projected to be the chief revenue generating source for this product segment, followed by Asia-Pacific and Europe regions
- Degradable Material is expected to be the fastest growing market segment during forecast period 2019-2026 with a CAGR of 7.2%. The increasing major applications of degradable material instead of stainless steel, metal, or titanium will help to reach the potential market growth.
- Orthopedic Clinics was valued at USD 1.47 billion and is expected to reach USD 2.41 billion by 2026. The increasing cases of treatment for various osteo implants is potentially increasing the market growth.
- North America is expected to account for the 30.5% of the global Osteosynthesis equipment market. The large number of manufacturers of orthopedic devices in the region of US is the primary contributing factor. High prevalence of diseases related with bone tissues across the globe is the key factor to accelerate the market growth during forecast period across all regions. Also, an increasing spending in healthcare expenditure, which accounts for 17% of the nation’s GDP, makes it the most commercially profitable and the prime market for osteosynthesis equipment.
Request a customization of the report @ https://www.reportsanddata.com/request-customization-form/2278
Thank you for reading the research report on global Osteosynthesis Devices market. Kindly contact us to know more about the customization feature and our team will offer the best suited report as per your requirement.
Read More Related Reports:-
Oxygen Therapy Devices Market Share
Browse More Reports:
Healthcare Cybersecurity Market Review
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: [email protected]
