top of page
Search

Orthopedic Devices Market and Size Analysis By 2027

Writer: celina reddencelina redden

Orthopedic Devices Market Size, Trends And Growth Analysis By Type (Trauma Fixation, Spinal Devices, Joint Replacement, Consumables & Disposables, Bone Repair), Application (Spine, Trauma and Extremities, Knee, Hip, Foot and Ankle), End-User (Ambulatory Surgery Centers, Hospitals, Medical Research Center) - Forecast till 2027

Orthopedic Devices Market Overview

Orthopedic Devices Market is projected to reach USD 58.81 Billion by 2023, which is expected to register a 4.3% CAGR during the forecast period. Rapid growth in the geriatric population sector is the main driver of the orthopedic devices market.

Orthopedic Devices Market Segmental Analysis

By Type

The joint replacement segment is estimated to reach a substantial value. Growing population of elderly and the incidence of osteoporosis and osteoarthritis would boost demand for artificial joint replacement products.

By Application

The hip orthopaedic devices are projected to be the fastest growing segment during the forecast period. As written in the paper, an osteoarthritis flare is more frequent in patients who lack conservative treatment.

By End-Use

The hospitals sector has overshadowed the orthopaedic implant industry. Development of this category can be due to the high rates of admissions to hospital as well as the wide variety of facilities provided at a single location.

Key Players Focus on Mergers and Acquisitions to Expand Market standing

Large corporations have implemented a number of tactics to compete with other companies. These techniques include different types of mergers and acquisitions, joint ventures, alliances and joint ventures. The businesses concentrate on innovation and designing new goods and devices, and marketing them at affordable prices to developing countries.

  • DePuy Synthes Companies

  • Globus Medical, Inc.

  • Medtronic

  • NuVasive, Inc.

  • Smith & Nephew plc

  • Stryker Corporation

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

 
 
 

Recent Posts

See All

Comments


bottom of page