Aug 07, 2019 (AB Digital via COMTEX) -- The global Orthopedic Devices Market size and share is expected to exhibit a strong 4.3% CAGR over the forecast period from 2017 to 2023, according to the latest research report from Market Research Future (MRFR).
The global orthopedic devices market was valued at USD 43,802.1 million in 2016 and is expected to reach a valuation of USD 58,814.6 million by 2023, according to MRFR.
These devices have proved immensely successful to restore mobility, reduce pain and improve the quality of life in case of millions every year.
Some of the commonly used orthopedic devices include hip supports, elbow and knee braces, cervical collars, ankle and foot supports, braces and back supports
Presently the trauma management methods available are not capable of restoring the parts of the body carefully because of insufficient effective surgical tools.
The increased research and development activities are expected to ensure a high growth in the orthopedic devices market soon.