The Global Orthopedic Devices Market was around US$ 43.8 billion in 2016 and is expected to reach US$ 58.8 billion which is projected to grow at a CAGR of 10.4% by 2023.
DePuy Synthes Companies (US), Globus Medical, Inc. (US), Medtronic (Republic of Ireland), NuVasive, Inc. (US), Smith & Nephew plc. (UK), stryker Corporation (US), and Zimmer Inc. (US) are some of the prominent players at the forefront of competition in the global orthopaedic devices market and are profiled in MRFR Analysis.
An Orthopedic devices are positioned inside the skeleton and muscle groups if you want to correct existing problems or to offer balance. Technological advancements and product improvement are the satisfactory techniques that yield the greatest market benefit. As an example trendy technological trends consist of use of titanium implants which are more potent. Development of titanium implants lined with foam steel surface, imitates the residences of bone and is likewise very well tolerated. Development of bio absorbable screws is any other improvement which has removed publish-operative pain of doing away with the implant.
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one of the primary thing liable for the market increase is developing occurrence of orthopaedic diseases, such as degenerative bone disease, fractures, growing variety of street accidents, osteoporosis, arthritis are the important elements riding the market of orthopaedic devices. The arena fitness agency predicts the prevalence of rheumatoid arthritis to be among 0.3% and 1% and more not unusual in women and in evolved nations.
The prediction additionally states that nine.6% of fellows and 18.0% of girls aged over 60 years have osteoarthritis. Growing instances of obesity, sedentary lifestyles, lengthy working hours, rising sports way of life bring about the early onset of musculoskeletal problems which enhances the market. However, high value of treatment and lack of infrastructure in centre and low profits nations may abate the marketplace boom in the course of forecast length.
Considering the global scenario of the orthopedic devices market, North America is largest market for orthopedic devices. In 2016, Europe was holding major market share in global orthopedic devices market the countries like Germany, France and UK are holding major stake in this market.
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The Asia-Pacific (APAC) region is witnessing fastest growth of orthopedic devices market. While Middle East and Africa orthopedic devices market is growing steadily and expected to grow at lower than global average during the forecast period.
1 Report Prologue
2 Market Introduction
2.2 Scope of Study
2.3 Research Objective
2.4 Assumptions & Limitations
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
4 Market Dynamics
5 Market Factor Analysis
LIST OF FIGURES
Figure 1 Global Orthopedic Devices Market by Type of Product, 2016 (%)
Figure 2 Global Orthopedic Devices Market By Application, 2016 (%)
Figure 3 Global Orthopedic Devices Market By End User, 2016 (%)
Figure 4 Global Orthopedic Devices Market by Region, 2016 (%)
Figure 5 Research Process
Figure 6 Market Dynamics
Figure 7 Value Chain
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