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Orthopedic Devices Market Forecast Report 2025: Revenue and Outlook by Industry Players

Author : Ronak Bora | Published Date : 2020-09-17 

Orthopedic Devices Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

Growing demand for minimally invasive surgeries will augment orthopedic device market size. A rising number of accidents and injuries along with poor diet, lack of physical activities, and adversely changing lifestyles will boost the industry outlook for orthopedic devices.

Emergence of technologically advanced solutions like 3D printing, smart implants, robot-assisted surgeries, smart implants with microprocessors, customized implants for instantaneous data transmission, gene therapy techniques, and tissue engineering will enhance the orthopedic devices portfolio worldwide.

Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/1501

As per a GMI, report, the global orthopedic devices market value could hit USD 53 billion by 2025 in terms of annual remuneration.

Currently, the growing active cases of COVID-19 have slowed down the production of medical devices. Lack of skilled professionals and uniform reimbursements, higher cost of surgeries, low per capita expenditure in emerging countries, strict FDA regulations and biocompatibility issues, are some of the factors negatively impacting the business growth for orthopedic device manufacturers.

The manufacturers are focused on new product launches, with geographical expansion and strategic acquisitions and mergers, to tighten their position in the market. Some of the leading industry players are Zimmer Biomet, Medtronic Spinal, DJO Global, Stryker, Waldemar Link, Alphatec Spine, ConforMIS, Globus Medical, Artherex, DePuy Synthes, MicroPort Scientific (Wright medical group), Smith and Nephew, Medacta, Implantate, Integra Lifesciences, Trimed, NuVasive and Conmed.

Based on products, the joint reconstruction orthopedic devices industry share has grown owing to increasing unmet needs of bone-related infirmities and advancements in technology, such as minimally invasive implant. Inclining occurrences of degenerative disc-related disorders in the elderly population will boost the spinal device market trends.

The trauma fixation orthopedic devices market forecast will expand substantially due to the prevalence of road accidents and sports-related injuries. For instance, Globus Medical, a leading musculoskeletal solutions provider introduced ANTHEM® Ankle Fracture System, and ANTHEM® Proximal Humerus Fracture System, two innovative, orthopedic trauma product offerings to aid in trauma control.

Geographically, the orthopedic devices market in China and India will witness considerable growth with the rising geriatric population and an increasing number of spine-related disorders. There is also A growing awareness among patients regarding the availability of advanced healthcare treatments. The Chinese Government introduced China’s National Health and Planning Commission (NHPC), an initiative to pursue orthopedic devices from domestic manufacturers to augment the production rate, which could bolster industry trends through 2025.

The U.S. orthopedic devices market size will record a favorable growth rate with an increase in the elderly population and prevalence of arthritis, osteoporosis and musculoskeletal disorders, technological advancements, and the demand for minimally invasive surgeries. U.K. dominated the European revenue share for orthopedic devices industry owing to the prevalence of bone-related disorders and a large number of elderly population. 

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/orthopedic-devices-market

Partial Chapter of the Table of Content 

Chapter 3. Orthopedic Devices Market Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2014 - 2025

3.3. Industry impact forces

3.3.1.    Growth drivers

3.3.1.1. Growing base of geriatric population   

3.3.1.2.    Augmented incidence of orthopedic diseases

3.3.1.3.    Technological advancements

3.3.1.4. Escalating rate of orthopedic surgeries in developed nations

3.3.2.    Industry pitfalls & challenges

3.3.2.1. Excessive cost of orthopedic devices

3.3.2.2.    Stringent FDA regulations and biocompatibility issues

3.3.2.3.    Post-surgery complications

3.4. Growth potential analysis

3.4.1.    By product

3.5. Business model

3.5.1.    Zimmer Biomet

3.5.2.    Smith & Nephew

3.5.3.    Stryker

3.6. Technology landscape

3.7. Regulatory landscape

3.7.1.    U.S.

3.7.2.    Europe

3.8. Porter's analysis

3.9. Company market share analysis, by devices

3.10.    Competitive landscape, 2017

3.10.1.    Company market share analysis, 2017

3.10.2.    Strategy dashboard

3.11. PESTEL analysis

Chapter 4. Orthopedic Devices Market, By Product

4.1. Key segment trends

4.2. Joint reconstruction

4.2.1. Market size, by region, 2014 – 2025 (USD Million)

4.2.2.    Hip replacement

4.2.2.1. Market size, by region, 2014 – 2025 (USD Million)

4.2.3. Knee replacement

4.2.3.1. Market size, by region, 2014 – 2025 (USD Million)

4.2.4. Ankle replacement

4.2.4.1. Market size, by region, 2014 – 2025 (USD Million)

4.2.5. Shoulder replacement

4.2.5.1. Market size, by region, 2014 – 2025 (USD Million)

4.2.6. Others

4.2.6.1. Market size, by region, 2014 – 2025 (USD Million)

4.3. Spinal devices

4.3.1.    Market size, by region, 2014 – 2025 (USD Million)

4.4. Trauma fixation

4.4.1.    Market size, by region, 2014 – 2025 (USD Million)

4.5. Orthobiologics

4.5.1. Market size, by region, 2014 – 2025 (USD Million)

4.6. Arthroscopic devices

4.6.1. Market size, by region, 2014 – 2025 (USD Million)

4.7. Others

4.7.1.    Market size, by region, 2014 – 2025 (USD Million)

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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