The Report entitled 2019-2026 Global Orthopedic Devices Market Report explores the essential factors of the Orthopedic Devices market considering such as industry situations, market demands, market players adopted business strategies and their growth scenario. The Global Orthopedic Devices market has been separated by this report based on the key players profiles, Type, Application and Regions.
Orthopedic devices are used to replace missing joint or bone or to give support to the damaged bone. The devices are fabricated by using titanium alloys and stainless steel for strength, and plastic coating acts as artificial cartilage. Internal fixation is a surgery in orthopedics, which involves implementation of implants, in order to repair the damaged bone. Most common orthopedic medical devices are the rods, pins, plates, and screws, which are used for anchoring of fractured bones while they heal.
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The major factors driving the market are; higher incidences of osteoarthritis, osteoporosis and musculoskeletal disorders, higher incidence of sports injuries, technological innovations, rising old age population and increased prevalence of obesity. However, the high cost of treatment and some of the long term safety concerns associated with the use of metal implants, are likely to restrict the market growth.
The global orthopedic devices market is set to gain traction from the ever-increasing geriatric population across the world.
As per a research published in 2015 by the United Health Foundation, every year, more than 300,000 adults belonging to the age group of 65 years and above are estimated to be hospitalized for hip fractures.
Besides, around 30% of seniors fall per year.
It is further leading to higher number of orthopedic injuries.
Fortune Business Insights™ published this information in a recent study, titled, “Orthopedic Devices Market Size, Share & Industry Analysis, By Type (Joint Reconstruction Devices, Spinal Devices, Trauma Devices, Dental Implants, Orthobiologic Devices, Arthroscopy Devices, and Others), By End User (Hospitals, Orthopedic Clinic, Ambulatory Surgical Centers, and Others), and Regional Forecast, 2019-2026.” The study further mentions that the orthopedic devices market size stood at USD 51.33 billion in 2018 and is projected to reach USD 71.67 billion by 2026, thereby exhibiting a CAGR of 4.3% during the forecast period.This Report Answers the Following Questions:What are the orthopedic medical devices market trends?How many opportunities and challenges would the market come across in the near future?What are the growth drivers and barriers that the market is likely to face?How many segments are present in the market?Which companies would generate the highest share during the forecast period?Which region is set to remain dominant?For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/orthopedic-devices-market-102586Drivers & Restraints-Rising Prevalence of Musculoskeletal Diseases to Drive GrowthThe American Academy of Orthopedic Surgeons, a provider of educational programs for allied health professionals and orthopaedic surgeons, published a report that affirms that every year in the Unites States alone, approximately 6.8 million patients suffering from several orthopedic injuries come to medical attention.
It proves that the rising prevalence of orthopedic injuries and musculoskeletal diseases is further resulting in agonizing physical pain and limited mobility.
The global Orthopedic Devices Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the orthopedic devices market include Medtronic, Stryker Corporation, Zimmer Biomet, Depuy Synthes, Smith And Nephew, Aesculap Implant Systems, LLC, Conmed Corporation, DJO Global, Nuvasive, Inc.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Orthopedic Devices Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/orthopedic-devices-market/download-sampleMarket DynamicsThe key factors that drive the orthopedic device market are the increasing incidence of musculoskeletal diseases, osteoporosis, and traumatic injuries related to sports and accidents.
Other factors contributing to orthopedic device market growth are the increasing geriatric population suffering from orthopedic diseases and technological innovations in this field.
Furthermore, increasing number of orthopedic surgeries by using different types of orthopedic implants is expected to boost demand for orthopedic devices.
