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Global Orthopaedic Devices Market
Posted: Jun 09, 2019
Global Orthopaedic Devices Market is likely to grow at CAGR of around 5% and will exceed over USD 45.0 billion by 2024.
Global Orthopaedic Devices Market growth is primarily driven by rising ageing population and parallel, the bone diseases. An increasing trend of alcohol intake and smoking, the emergence of diseases such as obesity, poor diet plan, and decreased physical activity also drive the market for orthopedic devices market through the forecast period.
North America had the highest market share in 2016. This is primarily due to decreasing physical activities, rising aging population and increased consumption of alcohol. Technological advancement in the orthopedic sector also drive the market for orthopedic devices through the forecast period.
Lower extremity devices had the highest market in 2016. This market is driven due to a rising aging population and increasing incidences of osteoarthritis and osteoporosis. Increasing investments from the government of U.S. for healthcare sector also drive the market for Orthopaedic Devices through the forecast period.
Global Orthopaedic Devices Market Overview, By Market Players
Increasing healthcare expenditure by all the regions also drive the market for Orthopaedic Devices through the forecast period. Some of the companies operating in Orthopaedic Devices Market are DePuy Synthes, DJO Global, Medtronic, Strykar, Smith & Nephew, Zimmer, Biomet, Inc., Wright Medical Group, Inc., NuVasive, Inc., Globus Medical, Inc. and Arthrex Inc.
Global Orthopaedic Devices Market Background
Developing countries such as China and India are increasing their investments in the healthcare sectors. Other private organizations in the developing countries also investing in the healthcare infrastructures. These factors drive the market for Orthopaedic Devices through the forecast period.
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Global Orthopaedic Devices Market Segmentation
- Global Orthopaedic Devices Market, By Type
- Upper Extremity Devices
? Shoulder
? Elbow
? Radius
? Others
- Lower Extremity Devices
? Hip
? Knee
? Foot
? Ankle
? Others
- Spine Orthopedic Devices
? Artificial Discs
? Fixation Screws
? Fixation Nail/Rod
? Fixation Plates
? Fixation Wires
- Arthroscopic Devices
- Orth biologics
? Bone Cement
? Bone Graft Substitute
? Bone Growth Factors
? Others
- Braces & Support Devices
The above data will be provided for following regions/countries from 2013-2024 (USD Million)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Asia Pacific
- China
- India
- Japan
- Australia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East and Africa
- South Africa
- Saudi Arabia
What information is covered in report?
- Actual market numbers from 2013-2017, estimates and forecasts from 2018 to 2024
- Detailed market segmentation and market share analysis of each segment
- Impact analysis of various drivers and trends
- Market segmentation and landscape
- Competitive landscape, 2017.
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