The global orthopedics devices Market is expected to reach USD 65.29 Billion by 2027, according to a new report by Emergen Research. The demand for orthopedics devices is propelled by factors such as the rising occurrence of osteoporosis, musculoskeletal conditions, technological advancements, growing prevalence of sports accidents, increasing geriatric population, and increased obesity prevalence. Orthopedic devices are equipped for the treatment of musculoskeletal conditions by removing the hip, knee, spine, cranio-maxillofacial (CMF) bone. These also offer treatment for broken bones and muscles, smothering the recovery cycle. Orthopedic devices are designed to gain rigidity and resilience with the titanium or stainless steel alloys.
A rise in the population of elderly people is a major factor driving the growth of the market, owing to the growing occurrence of hip fractures in the elderly. Adults aged more than 65 years are assumed to be hospitalized each year for hip fractures, as published by the United Health Foundation. Approximately 30 percent of seniors are dropping last year, resulting in a rise in the number of orthopedic accidents, which increases the demand for orthopedic equipment at a substantial pace.
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The demand in the North America region is marked by a rise in the incidence of orthopedic surgery, combined with sufficient orthopedic patient reimbursement policies. These causes, along with a greater understanding within the patient community of technologically developed orthopedic equipment and alternative medical solutions available in the area, are responsible for the predominant proportion of the region in the global market.
The latest market intelligence report, titled ‘Global Orthopedics Devices Market’, is intended to provide the target audience with the necessary information about the global Orthopedics Devices Market industry. The report comprises a detailed analysis of the vital elements of the Orthopedics Devices Market, including key drivers, constraints, opportunities, limitations, threats, and micro-and macro-economic factors. The report carefully investigates the present market scenario and the fundamental growth prospects. The report entails an organized database of the Orthopedics Devices Market dynamic that helps market analysts estimate the global market growth rate over the projected timeline.
Key players include:
CONMED Corporation, Medtronic PLC, Zimmer-Biomet Holdings Inc., Smith Nephew PLC, Aesculap Implant Systems LLC, Stryker Corporation, Donjoy Inc., DePuy Synthes, NuVasive Inc., and B. Braun Melsungen AG, among others.
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Emergen Research has segmented the global Orthopedics Devices Market on the basis of product, type, application, and region:
Product Outlook (Revenue, USD Billion; 2017-2027)
Type Outlook (Revenue, USD Billion; 2017-2027)
Joint Reconstruction Devices
Application Outlook (Revenue, USD Billion; 2017-2027)
Sports Medical, Extremities, and Trauma (SET)
This section of the report offers valuable insights into the geographical segmentation of the Orthopedics Devices market, alongside estimating the current and future market valuations based on the demand-supply dynamics and pricing structure of the leading regional segments. Furthermore, the growth prospects of each segment and sub-segment have been meticulously described in the report.
The report classifies the global Orthopedics Devices market into various regions, including:
North America (U.S., Canada)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Middle East Africa (Saudi Arabia, the U.A.E., South Africa, Rest of MEA)
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Objectives of the Report:
Study of the global Orthopedics Devices market size by key regions, types, and applications with reference to historical data (2016-2018) and forecast (2020-2027)
Industrial structure analysis of the Orthopedics Devices market by identification of various sub-segments
Extensive analysis of key market players along with their SWOT analysis
Competitive landscape bench marking
Analysis of Orthopedics Devices market based on growth trends, futuristic outlook, and contribution to the total growth of the market
Analysis of drivers, constraints, opportunities, challenges, and risks in the global Orthopedics Devices market
Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances
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