Orthopedic Devices Market Analysis, Size, Growth, Share, Trend, Outlook & Forecast to 2026
The global orthopedic device market size is expected to reach USD 47.7 billion by 2026, according to the study performed by Grand View Research, Inc. It is anticipated to expand at a CAGR of 3.1% over the forecast period. Major factors driving the market include high demand for orthopedic surgeries owing to rising incidents of road accidents and the prevalence of orthopedic diseases. The rise in geriatric population prone to orthopedic conditions is primarily pushing the demand for orthopedic solutions globally. Effects of aging such as lowering of bone density and weakening of bones due to excessive loss of bone mass are prominent in people from 25 to 54 years age group that become more noticeable after 55 years. High adoption of minimally invasive surgeries and an increasing number of sports and road traffic accidents are expected to fuel the growth of the orthopedic devices market growth during the forecast period. Arthroscopy, minimally invasive total joint replacement, and spine surgeries are some of the newly adopted minimally invasive surgeries. Browse Details of Market Report @ https://www.grandviewresearch.com/industryanalysis/orthopedic-devices-market Stringent procedures of regulatory approvals are anticipated to hinder market growth in the near future. In addition, the high cost of devices and surgeries are some other factors likely to impede growth.
Orthopedic Device Market Report Highlights
Knee orthopedic devices captured the largest market share in 2017 attributed to rising knee surgeries including common knee injuries and total knee replacements
North America captured the largest market share in 2017 and is expected to continue leading over the forecast period. The presence of a large number of major market players and high adoption of advanced technologies are the major driving factors Asia Pacific is expected to exhibit a lucrative CAGR during the forecast period. The presence of a largely untapped market and supportive government regulations are expected to attract the attention of the global market players
Some of the major players in the orthopedic devices market include NuVasive, Inc.; Medtronic PLC; Zimmer-Biomet Holdings; DePuy Synthes; Stryker; Aesculap Implant Systems, LLC; Donjoy, Inc.; and Conmed Corporation.
Orthopedic Device Market Segmentation Grand View Research has segmented the global orthopedic devices market on the basis of application, product, and region: Orthopedic Devices Application Outlook (Revenue, USD Million, 2014 - 2026) Hip
Knee
Spine
Cranio-Maxillofacial (CMF)
Dental
Sports Injuries, Extremities and Trauma (SET)
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Orthopedic Devices Product Outlook (Revenue, USD Million, 2014 - 2026) Accessories
o
Braces
o
Consumables
o
Others
Surgical Devices o
Drill Guide
o
Guide Tubes
o
Implant Holder
o
Custom Clamps
o
Distracters
o
Screw Drivers
o
Others
Orthopedic Devices Regional Outlook (Revenue, USD Million, 2014 - 2026) North America
o
The U.S.
o
Canada
Europe o
The U.K.
o
Germany
Asia Pacific o
Japan
o
China
Latin America o
Brazil
o
Mexico
Middle East & Africa o
South Africa
Table of Contents Chapter 1 Methodology And Scope 1.1 Research Methodology 1.2 Research Scope And Assumptions Chapter 2 Executive Summary 2.1 Market Summary Chapter 3 Market Variables, Trends & Scope 3.1 Market Segmentation Chapter 4 Industry Outlook
4.1 Market Driver Analysis 4.1.1 Growing geriatric population 4.1.2 High adoption of minimally invasive procedures 4.1.3 Increase in the number of sports and road traffic accidents 4.1.4 High prevalence of diabetes and obesity 4.2 Market Restraint Analysis 4.2.1 Increase in the number of product recalls 4.2.2 Social and ethical issues 4.3 Business Environment Analysis 4.3.1 SWOT Analysis; By Factor (Political & Legal, Economic And Technological) 4.3.2 Political And Legal 4.3.2.1 Strength 4.3.2.2 Weakness 4.3.2.3 Opportunities 4.3.2.4 Threats 4.3.3 Technological 4.3.3.1 Strength 4.3.3.2 Weakness 4.3.3.3 Opportunities 4.3.3.4 Threats 4.3.4 Economic 4.3.4.1 Strength 4.3.4.2 Weakness 4.3.4.3 Opportunities 4.3.4.4 Threat 4.3.5 Porter’s five forces analysis 4.3.6 Threat of new entrants: medium 4.3.7 Competitive rivalry: high 4.3.8 Bargaining power of buyers: moderate
4.3.9 Bargaining power of suppliers: low 4.3.10 Threat of substitutes: moderate Continue……….. About Grand View Research, Inc.: Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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