The global orthopedic devices orthopedic market was valued at $37.2 billion in 2018 and is expected to reach $47.7 billion by 2026, registering a CAGR of 3.1% from 2019 to 2026. Orthopedic devices can be defined as medical devices used to replace the damaged or misplaced bone to improve the function of skeleton and reduce pain due to problems associated with injury/defect on musculoskeletal system. In recent years, the orthopedic devices have evolved over the past few decades, which largely focuses on the research of hip and knee devices. According to the World Health Organization (WHO), the prevalence of musculoskeletal conditions increases with age. Whereas, the younger people are also affected, often during their peak income-earning years. For instance, in 2017, the musculoskeletal disorders were ranked the second most prevalent disorders in the East Mediterranean region and third in the African region.
Major factors such as rise in prevalence of orthopedic injuries or diseases and rapid increase in the aging population globally drive the market. However, high cost associated with procedures involving orthopedic implants treatment and stringent government policies hamper the market growth. On the contrary, the emerging economies present lucrative opportunities to the market.
This report segments the orthopedic device market based on product, application, and region to provide a detailed assessment of the market. Based on product, the market is divided into drill guide, guide tubes, implant holder, custom clamps, distracters, screw drivers, and accessories. Based on application, the market is divided into hip orthopedic devices, knee orthopedic devices, spine orthopedic devices, craniomaxillofacial orthopedic devices, dental orthopedic devices, and sports injuries, extremities and trauma (set) orthopedic devices. Based on region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Comprehensive competitive analysis and profiles of major market players such as Arthrex, Inc., CONMED Corporation, DJO Global, Inc., Globus Medical Inc., B. Braun Melsungen AG, Medtronic Plc., Smith & Nephew Plc., Stryker Corporation, Wright Medical Group N.V. and Zimmer Biomet Holdings, Inc.
KEY BENEFITS FOR STAKEHOLDERS
This report provides a detailed quantitative analysis of the current market trends and future estimations from 2019-2026, which assists to identify the prevailing market opportunities.
An in-depth analysis of various regions is anticipated to provide a detailed understanding of the current trends to enable stakeholders to formulate region-specific plans.
A comprehensive analysis of the factors that drive and restrain the growth of the global orthopedic devices market is provided.
An extensive analysis of various regions provides insights that allow companies to strategically plan their business moves.
KEY MARKET SEGMENTS
By Application
Hip Orthopedic Devices
Knee Orthopedic Devices
Spine Orthopedic Devices
Craniomaxillofacial Orthopedic Devices
Dental Orthopedic Devices
Sports Injuries and Extremities and Trauma Orthopedic Devices
By Product
Drill Guide
Guide Tubes
Implant Holder
Custom Clamps
Distracters
Screw Drivers
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
Spain
Italy
UK
Rest of Europe
Asia-Pacific
Japan
India
China
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
KEY MARKET PLAYERS
Arthrex, Inc.
CONMED Corporation
DJO Global, Inc.
Globus Medical Inc.
B. Braun Melsungen AG
Medtronic Plc.
Smith & Nephew Plc.
Stryker Corporation
Wright Medical Group N.V.
Zimmer Biomet Holdings, Inc.
The other players in the value chain (profiles not included in the report)
Quantel laser
Nidek CO., LTD.
Topcon Corporation
DEKA M.E.L.A. S.r.l.
SharpLight Technologies
Sciton, Inc.
Alma Lasers
