Reports and Insights has published a new report titled, “Orthopedic Prosthetics Market: Opportunity Analysis and Future Assessment 2022-2030”
Global Orthopedic Prosthetics Market, By Product Type (Upper Extremity Prosthetics, Lower Extremity Prosthetics, Braces, Spinal Orthotics), By End User (Hospital, Outpatient Center, Trauma Centers, Orthopedic Clinics) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2022 and 2030.
The global orthopedic prosthetics market in 2020 is estimated for more than US$ 2.3 Bn and expected to reach a value of US$ 3.6 Bn by 2028 with a significant CAGR of 6.0%.
As the name implies, it is evident that orthopedic prosthetics are the custom-developed artificial limbs that are structured and developed to substitute the damaged or broken limb. Orthopedic prosthetics offer synthetic support to the bones, enable mobility and alleviate the individual of any pain that has appeared out of the damaged or broken limb. The growing number of geriatric populations all across the world is primarily boosting the incidence of orthopedic and other associated musculoskeletal problems.
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Notably, with the growing age, the bone density reduces together with the bone strength, which as a consequence makes walking independently for an individual complex. In addition to that, the growing number of athletes all around the world also often observe such musculoskeletal problems and injuries. Owing to which, orthopedic prosthetics is gaining huge momentum, in the present times, all across the global market. In the same manner, the growing number of trauma cases and severe injuries worldwide is further projected to propel the market of orthopedic prosthetics in the following years.
In addition to that, the rising technological advancements in the healthcare industry along with the rapid product launches with fresh innovations is further anticipated to offer major breakthroughs to the growth of the global orthopedic prosthetics market in the forthcoming future. Having said that, the hefty costs as well as lack of knowledge with regard to orthopedic prosthetics in few emerging regions is likely to hold back the growth of the global orthopedic prosthetics market in the coming years.
Browse the full report at https://reportsandinsights.com/report/global-orthopedic-prosthetics-market
Nevertheless, the leading market manufacturers of the orthopedic prosthetics are also aiming their attention towards making significant advanced changes in their products in order to enhance level of comfort, better fixation, usability and superior resistance to wear and tear, thus making it more desirable in the global market opportunity. Thus, the global orthopedic prosthetics market is projected to witness significant growth over the forecast period.
Reports and Insights Study identifies some of the key participating players in the orthopedic prosthetics market globally are Zimmer Biomet, Depuy Synthes, Smith & Nephew, Stryker Corporation, Wright Medical Group, Lima Corporate, JRI companies, among others.
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A recent report published by TheBusinessResearchCompany on Orthopedic Prosthetics Market provides in-depth analysis of segments and sub-segments in the global as well as regional.The Orthopedic Prosthetics Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global orthopedic prosthetics market.
The report covers the orthopedic prosthetics market’s segments- upper extremity prosthetics, lower extremity prosthetics, sockets, hospitals, prosthetic clinics, rehabilitation center, conventional orthopedic prosthetics, electric-powered orthopedic prosthetics, and hybrid orthopedic prosthetics.Orthopedic Prosthetics Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country.
It also compares the market’s historic and forecast growth.It covers all the regions, key developed countries and major emerging markets.
It draws comparisons with country populations and economies to understand the importance of the market by country and how this is changing.
The major regions included in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.The companies in the orthopedic prosthetics market are witnessing the emergence of 3D printed orthopedic prosthetics.
According to the latest report by Renub Research, titled "Orthopedic Prosthetic Market Global Forecast by Products, Technology, Regions, Company Analysis" Prosthetics is a medical branch which deals in designing, evaluating, fabricating, fitting and delivering a prosthesis or artificial limb to replace a missing body part.
Orthopaedic implants are manufactured to replace a damaged bone, missing joint or bone for patients.
These implants are fabricated with the use of titanium alloys and stainless steel for the strength and plastic coating that acts as artificial cartilage.
These operations are done with internal fixation for the purpose of repairing bone with surgical implementation.
Innovation in medical devices and increasing per capita income, as well as financial support by government and NGOs around the world, are enabling the patient to buy orthopaedic prosthetics devices without any hurdle.The impact of COVID-19 on Global Orthopedic Prosthetics MarketThe growth rate of the global orthopaedic prosthetics market has been disturbed by COVID-19 pandemic as most of the healthcare companies are investing heavily in the research and development of Coronvirus treatment.
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