Increasing incidence of injury, recreation, and adventure-related accidents are likely to burgeon business opportunities for orthopedics devices.
According to Emergen Research, Orthopedics Devices Market Size is expected to reach USD 65.29 Billion by 2027, according to a new report by Emergen Research. Orthopedic devices are equipped for the treatment of musculoskeletal conditions by removing the hip, knee, spine, cranio-maxillofacial (CMF) bone.
The Global Orthopedics Devices Industry report assesses the market size, share, revenue, and sales and distribution in the historical years (2017-2018) to offer an accurate forecast estimation for the same during the period of 2020-2027. Furthermore, it studies the existing competitive landscape with a focus on leading companies and their expansion strategies to project their growth and expansion in the forecast period.
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.
The report evaluates the key market influencing factors and considers the COVID-19 pandemic as one of the contributing elements. The market has been substantially affected by the pandemic, and changes can be seen in the market dynamics and demand trends. Financial difficulties brought by the pandemic have slowed down the progression of the businesses, and disruptions in the supply chains have been seen.
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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
The study offers key insights into the strengths and weaknesses of the prominent players through an extensive SWOT analysis and Porter’s Five Forces analysis. The report also covers the segmentation of the market based on product types, application spectrum, and key regions.
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 report offers an industry-wide and economy-wide analysis of the market along with supply and demand dynamics, sales, and production and manufacturing capacity. It also reviews the rate of production and consumption, sales network and distribution channel, pricing analysis, profit margins, cost and demand volatility, import/export, gross revenue, among others.
The Asia-Pacific region is expected to witness the fastest growth rate in the forecast period. Factors such as a vast pool of patients and the region’s growing healthcare spending balance business growth in the Asia Pacific. Besides, the rising buying power of the masses in the developing economies, namely India and China, offers a huge opportunity to develop the market.
The global Orthopedics Devices market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. It evaluates the presence of the global Orthopedics Devices market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements.
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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)
- Surgical Devices
- Accessories
- Others
- Type Outlook (Revenue, USD Billion; 2017-2027)
- Joint Reconstruction Devices
- Spinal Devices
- Trauma Devices
- Arthroscopy Devices
- Dental Implants
- Orthobiologics
- Others
- Application Outlook (Revenue, USD Billion; 2017-2027)
- Hip
- Knee
- Spine
- Cranio-Maxillofacial (CMF)
- Dental
- Sports Medical, Extremities, and Trauma (SET)
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