The Business Research Company’s Orthopedic Devices Market covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market.
The global orthopedic devices market expected to reach a value of nearly $45.21 billion by 2022, significantly growing at a CAGR of 3.9% during the forecast period. The growth in the orthopedic devices market is due to increase in growing demand in emerging markets, increasing minimally invasive procedures and technological advancements
The orthopedic devices (or) equipment market consists of sales of orthopedic devices and related services by entities (organizations, sole traders and partnerships) that produce orthopedic devices used in treating bone abnormalities. This industry includes establishments that produce devices used in joint reconstruction, spinal surgeries, Craniomaxillofacial surgeries and orthobiologics implants.
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Biodegradable implants are increasingly being used in trauma orthopedic surgeries. Biodegradable implants are used to replace a missing biological structure, support a damaged biological structure, and enhance the existing bone structure. Biodegradable products such as reabosorbable polymers composed of polyglycolic acid and poly lactic acid manufactured in the form of plates, screws, and pins are replacing traditional devices like plates and screws which are more expensive.
The orthopedic devices market is segmented into
- Joint Reconstruction,
- Spinal Surgery,
- Trauma Fixation,
- Orthopedic Braces And Support,
- Craniomaxillofacial (Cmf) Devices,
- Orthopedic Prosthetics,
- Orthopedic Accessories
The present study exhibits the trends and market dynamics of the orthopedic devices market in major countries – USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world. The report also includes the study of the current issues with consumers and various future opportunities for the market.
Some of the major key players involved in the orthopedic devices market are Johnson & Johnson, Zimmer Biomet Holdings, Stryker Corporation, Smith & Nephew PLC, B. Braun Melsungen.
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This post was originally published on The Market Plan