Orthopedic Devices Global Market Report 2022 – By Type (Joint Reconstruction Devices And Equipment, Spinal Surgery Devices And Equipment, Trauma Fixation Devices And Equipment, Orthobiologics Devices And Equipment, Arthroscopy Devices And Equipment, Orthopedic Braces And Support Devices And Equipment, Craniomaxillofacial (CMF) Devices And Equipment, Orthopedic Prosthetics), By End User (Hospitals And Clinics, Diagnostic Laboratories), By Type of Expenditure (Public, Private), By Product (Instruments/Equipment, Disposables) – Market Size, Trends, And Global Forecast 2022-2026
What is the definition of the orthopedic devices market?
The orthopedic devices market consists of sales of orthopedic devices and related services by entities (organizations, sole traders, and partnerships) that produce orthopedic devices used in treating bone abnormalities.
How will the orthopedic devices market drivers and restraints affect orthopedic devices market dynamics? What forces will shape the orthopedic devices industry going forward?
The orthopedic devices market growth is aided by the increase in the patient pool due to the rising geriatric population. However, some orthopedic devices market restraints include alternative treatment methods, to avoid risks and complications associated with orthopedic procedures.
What is the forecast market size of the orthopedic devices market?
The orthopedic devices market is expected to reach $58.24 billion in 2026 at a rate of 7.9%.
How is the orthopedic devices segmented?
The global orthopedic devices market is segmented -
1) By Type: Joint Reconstruction Devices and Equipment, Spinal Surgery Devices and Equipment, Trauma Fixation Devices and Equipment, Orthobiologics Devices and Equipment, Arthroscopy Devices and Equipment, Orthopedic Braces and Support Devices and Equipment, Craniomaxillofacial (CMF) Devices and Equipment, Orthopedic Prosthetics 2) By End-User: Hospitals and Clinics, Diagnostic Laboratories, Others 3) By Type of Expenditure: Public, Private 4) By Product: Instruments/Equipment, Disposables
Which region has largest share, and what is the market size and growth by geography according to the orthopedic devices global market report?
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Who are the key players of the orthopedic devices market?
Top competitors in the orthopedic devices market are Johnson & Johnson, Zimmer Biomet Holdings, STRYKER CORPORATION, Medtronic Inc., Smith & Nephew plc, Colfax Corporation, NuVasive, Inc., Wright Medical Group, Inc., Globus Medical Inc., and B. Braun Group.
What are the key trends in the orthopedic devices market?
Major trends influencing the orthopedic devices market include biodegradable implants. Biodegradable implants are used to replace a missing biological structure, support a damaged biological structure, and enhance the existing bone structure. Biodegradable products such as reabosorbable polymers composed of polyglycolic acid and polylactic acid manufactured in the form of plates, screws, and pins are replacing traditional devices like plates and screws which are more expensive.
What are the major opportunities in the orthopedic devices market and the approaches companies can take to take advantage of them?
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How does the orthopedic devices market relate to the overall economy and other similar markets?
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