Global orthopedic devices market was valued at US$ 42,670.0 million in 2018 and is estimated to reach US$ 58,400.0 million by 2027, growing at a CAGR of 3.55% over the forecast period. Major industry participants in the global orthopedic devices market include Stryker Corporation, DePuy Synthes, Zimmer Biomet, Smith & Nephew, Medtronic Spinal, Becton Dickinson, and Company, Integra Lifesciences, DJO Global, NuVasive Inc., Globus Medical, Wright Medical, Orthofix, ConMed Corporation, and ConforMIS. New product launches, merger and acquisition, geographical expansion are some of the major strategies adopted by these players to gain a competitive edge.

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Globally, high prevalence of bone degenerative diseases such as osteoporosis and arthritis among elderly people and rising injuries road accidents and adventure sports are the major factors for the orthopedic devices market growth. Elderly population being are more susceptible to incur musculoskeletal disorders due to sedentary lifestyle and obesity represent a large patient base of various orthopedic devices.

Technological advancements such as robot assisted surgeries, development in 3D printing technology, and innovations in the orthobiologics are the other prominent factors supporting market growth. Recently, two big players invested heavily to have early mover advantage. Stryker Corporation spent more than US$ 1.7 billion to develop its Mako Robotic Arm Surgical System to perform knee and hip replacement surgeries. Medtronic acquired Israel based Mazor Robotics, a global leader in robot assisted surgery systems, in December 2018. With this acquisition, Medtronic started offering integrated approach towards surgical planning. 

Orthopedic Devices Market:

  • By Product
    • Joint reconstruction
      • Hip replacement
      • Knee replacement
      • Ankle replacement
      • Shoulder replacement
      • Others
    • Spinal devices
    • Trauma fixation
    • Orthobiologics
    • Arthroscopic devices
    •  Others
  • By Geography
    • North America
      • U.S.
      • Canada
      • Mexico
      • Rest of North America
    • Europe
      • France
      • The UK
      • Spain
      • Germany
      • Italy
      • Nordic Countries
      • Benelux Union
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • New Zealand
      • Australia
      • South Korea
      • Southeast Asia
        • Indonesia
        • Thailand
        • Malaysia
        • Singapore
        • Rest of Southeast Asia
      • Rest of Asia Pacific
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Egypt
      • Kuwait
      • South Africa
      • Rest of Middle East & Africa
    • Latin America
      • Argentina
      • Brazil
      • Rest of Latin America

Orthopedic Devices Market research added by Absolute Markets Insights, offers a comprehensive analysis of the growth trends prevailing in the global business arena. This report also provides definitive data regarding the market, size, marketing aspects, and revenue forecast of the industry. In addition, the study explicitly highlights the competitive status of major players in the projection schedule while focusing on their portfolio and regional expansion efforts.

The Global Orthopedic Devices Market Analysis to 2030 is a specialized and in-depth study of the Technology, Media, and Telecommunications industry, with an emphasis especially on the analysis of global market trends. The report aims to provide an overview of the enterprise content delivery networks and enterprise streaming software market with detailed market segmentation by component, type of deployment, industry vertical, and geography. The global market for enterprise content delivery networks and enterprise streaming software is expected to witness high growth during the forecast period.

Financial performance:
The overall turnover of the companies / segments for the years 2021, 2020 and 2019 is provided in the sub-heading “Financial performance” (listed companies) with the analysis and explanation of the increase or decrease. decrease in these due to factors such as mergers and acquisitions, profit or loss of any strategic business unit (SBU) and others.

Strategic initiatives:
Information relating to new product launches, strategic collaboration, mergers and acquisitions, regulatory approval and other company developments in the market is covered in the strategic initiatives section.

Orthopedic Devices Market: Regional analysis includes:
- Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia and Australia)
- Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
- North America (United States, Mexico and Canada.)
- South America (Brazil etc.)
- The Middle East and Africa (GCC countries and Egypt.)

This research provides detailed information on the major factors influencing the Orthopedic Devices market growth on a global and regional level (drivers, restraints, opportunities and challenges), forecast of market size, in terms of value, market share by region and segment; regional market positions; growth opportunities by segment and by country, strengths and weaknesses, brand portfolio; Marketing and distribution strategies; challenges and threats of current competition and prospects; Key Company Profiles, SWOTs and Growth Strategies.

The Orthopedic Devices market research covers a comprehensive analysis of the following data:
• Historical and future growth of the Global Orthopedic Devices market.
• Segmentation of enterprise content delivery network and enterprise streaming software market to highlight the growth prospects and trends impacting these segments.
• Change the consumption behavior of customers in different regions.
• Regional analysis on the basis of market share, growth prospects and key countries.
• Agreements, product launches, acquisitions and R&D projects of various players in the enterprise content delivery networks and enterprise streaming software market.

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