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Orthopedic Devices Market Insights on Scope and Growing Demands 2029

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)

Orthopedic Devices Market Overview:

The Orthopedic Devices market research report looks into and analyses the market’s position during the predicted period. It is an in-depth study that focuses on fundamental and secondary drivers, market dominance, key segments, and geographic analysis. The research also looks at notable individuals, large collaborations, mergers, and acquisitions, as well as contemporary innovation and corporate strategy.

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Orthopedic Devices Market Scope:

We examined the Orthopedic Devices Market from every angle conceivable, including both primary and secondary research methodologies. This helped us better grasp current market dynamics such as supply-demand imbalances, pricing trends, product preferences, and consumer behavior. The information is then gathered and evaluated using a variety of market estimations and data validation procedures. In addition, we have an in-house data forecasting engine that predicts market growth until 2027.

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Orthopedic Devices Market Dynamics:

Orthopedic Devices are medical devices and accessories used to treat orthopaedic problems, such as joint reconstruction, spinal devices, trauma fixation devices, arthroscopic devices, and so on. The global orthopaedic devices market is rapidly developing, owing to an apparent increase in the number of orthopaedic surgical procedures conducted globally. Because of the huge increase in orthopaedic treatments, there is a large need for orthopaedic equipment. Globally, 22.3 million orthopaedic surgical operations were conducted in 2017. Orthopaedic devices are critical in providing pain relief, improving quality of life, and increasing mobility for patients suffering from musculoskeletal illnesses and abnormalities. These orthopaedic medical equipment and methods are constantly evolving in response to changing customer demands. Technological improvements and the incorporation of digital technology are now the primary drivers of the orthopaedic devices market’s revenue growth.

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Orthopedic Devices Market Segmentation:

by Devices Type
Joint Reconstruction Devices
Spinal Devices
Spinal Fusion Devices
Spinal Non-Fusion Devices
Trauma Devices
Arthroscopy Devices
Orthobiologic Devices

by End-User
Orthopedic Clinic
Ambulatory Surgical Centers

Based on Devices Type, the market is segmented into joint reconstruction devices, spinal devices, trauma devices, arthroscopy devices, orthobiologics, and others. In 2019, the joint reconstruction category had the lion’s share of the market. The segment is expanding because to an increase in surgeries such as knee and hip replacements, shoulder and extremity reconstructions, and other musculoskeletal procedures involving these joints. The arthroscopy devices (sports medicine/soft tissue repair) sector is expected to develop at a substantial rate during the forecast period, owing to an increase in sports-related soft tissue injuries and the increased launch of innovative products in this field.

Based on End User, Hospitals is estimated to be a dominating end user segment during the forecast period. Orthopedic devices are mostly used in hospitals because they are surgically implanted. Hospitals treat a high number of patients who have suffered orthopaedic injuries. Aside from therapy, effective reimbursement policies given by hospitals are a crucial element contributing to the increasing proportion of patients being treated in hospitals. However, growing the use of minimally invasive treatments is expected to result in a preference for outpatient surgical centres.

Orthopedic Devices Market Key Players:

Primary and secondary research is used to identify market leaders, as well as primary and secondary research to assess market revenue. As part of the core study, in-depth interviews with major thought leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing professionals were done. In-depth interviews with notable thought leaders and industry specialists, such as experienced front-line personnel, CEOs, and marketing professionals, were conducted as part of primary research, while secondary research included a review of the major manufacturers’ annual and financial reports. Secondary data is utilized to compute percentage splits, market shares, growth rates, and global market breakdowns that are then compared to historical data. This report includes the following 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.

Regional Analysis:

The research examines the local industry in-depth, utilizing both qualitative and quantitative data. It provides an overview and prediction of the global Orthopedic Devices market segment by segment. It also projects and estimates the market size for five key regions from 2021 to 2027: North America, Europe, Asia-Pacific, the Middle East, Africa, and South America. The Orthopedic Devices market in each area is further segmented into regions and sectors. The research studies and anticipates a wide range of nations, as well as current trends and opportunities in the sector.

COVID-19 Impact Analysis on Orthopedic Devices Market:

We thoroughly researched and analyzed the Global Orthopedic Devices Market Development Strategy post-COVID-19, by corporate strategy analysis, landscape, type, application, and leading countries, which encompasses and analyses the global Orthopedic Devices industry’s potential, providing statistical data on market dynamics, growth factors, major challenges, PORTER analysis, and market entry strategy analysis, opportunities, and forecasts. The study’s main goal is to provide industrial enterprises with a strategic analysis of COVID-19’s impact. This analysis looked at the marketplaces of key countries at the same time and emphasized their market potential.

Key Questions Answered in the Orthopedic Devices Market Report are:

  • What are the most promising high-growth opportunities in the global Orthopedic Devices sector, as defined by product category, End User, and Region?
  • Which Orthopedic Devices market segments will expand the fastest, and why?
  • Which areas will expand the fastest, and why?
  • What are the primary elements influencing Orthopedic Devices market dynamics? What are the primary drivers and obstacles in the Orthopedic Devices market?
  • What are the Orthopedic Devices market’s business risks and dangers?

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