Market Analysis and Size
Data Bridge Market Research analyses that the orthopedic devices market which was USD 4,603.62 million in 2021, would rocket up to USD 7505.26 million by 2029, and is expected to undergo a CAGR of 6.3% during the forecast period 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Market Definition
Orthopedic devices are used to replace or support a missing or damaged bone or joint in a patient's body. The orthopedic devices are intended to cure deformities or fractures, among other things, in order to restore normal skeletal function and stable body posture. The orthopedic devices market has transformed as a result of technological advancements, which has resulted in a shift away from traditional surgical methods and toward the usage of current fixation and prosthetic devices.
COVID-19 Impact on Orthopedic Devices Market
This was predicted to have a detrimental influence on the need for orthopedic sessions, which are often performed in outpatient settings. The emergence of COVID-19 has had an influence on the market, as hospital and health-care services have been severely constrained by governments around the world in response to societal unrest. Furthermore, the COVID-19 outbreak has impacted the worldwide economy and has had a considerable influence on regular hospital care for non-COVID-19 patients in hospitals all over the world. Due to the closure of many hospitals and clinics, the demand for digital bone devices is expected to decline in the near future.
Orthopedic Devices Market Regional Analysis/Insights
The orthopedic devices market is analysed and market size insights and trends are provided by country, product, type, biomaterial and end-user as referenced above.
The countries covered in the orthopedic devices market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
The credible Orthopedic Devices Market report contains all the company profiles of the major players and brands. Because businesses can achieve great benefits with the different segments covered in the market research report, every bit of market that can be included here is touched carefully. This global market report additionally encompasses predictions utilizing a practical arrangement of uncertainties and techniques. An analytical assessment of the competitors provides a clear idea of the most important challenges faced by them in the existing market and in upcoming years. An expert team analyses and forecasts this market data using well established market statistical and coherent models.
Besides, Orthopedic Devices Market marketing report gives a view about key players, major collaborations, merger & acquisitions along with trending innovation and business policies. Not to mention, this gathered data and information is represented very well in the whole report with the help of most appropriate graphs, charts or tables to simplify the flow of information for better user understanding. Moreover, the market share of major competitors on global level is also studied where key areas such as Europe, North America, Asia Pacific and South America are taken into consideration in this Orthopedic Devices Market research report.
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Competitive Landscape and Orthopedic Devices Market Share Analysis
The orthopedic devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to orthopedic devices market.
Some of the major players operating in the orthopedic devices market are:
• Zimmer Biomet (U.S)
• Smith & Nephew plc (Germany)
• Medtronic (Ireland)
• Stryker (U.S)
• Braun Melsungen AG (Germany)
• NuVasive, Inc. (U.S)
• DJO, LLC (U.S)
• Institut Straumann AG (Switzerland)
• OSSTEM IMPLANT CO., LTD. (South Korea)
• Narang Medical Limited (U.S)
• Globus Medical (U.S)
• Arthrex, Inc. (U.S)
• CONMED Corporation (U.S)
• Integra LifeSciences Corporation (U.S)
• RTI Surgical (U.S)
• W. L. Gore & Associates, Inc. (U.S)
• Corin Group (U.S)
• Johnson & Johnson Services, Inc. (U.S)
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Major TOC of the Report
1 INTRODUCTION
2 MARKET SEGMENTATION
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
5 MARKET OVERVIEW
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