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How Global Orthopedic Devices Market Players Should Strategize For 2022-2031

9 Jun, 2022

The global orthopedic devices market size is expected to grow from $39.17 billion in 2021 to $42.94 billion in 2022 at a compound annual growth rate (CAGR) of 9.6%. The global orthopedic device market size is expected to grow to $58.24 billion in 2026 at a CAGR of 7.9%.

What is the Global 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.

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What drives the Global Orthopedic Devices Market?

The increase in the patient pool due to the rising geriatric population globally contributed significantly to the growth of the orthopedic devices market during the historic period. The global population aged 65 years or over was 703 million in 2019. This rise in the geriatric population increased the demand for medical care and drove the healthcare expenditure. These factors increased the demand for these products and drove the market during the historic period.

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Global Orthopedic Devices Market Segments
The global orthopedic devices market is segmented:
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, Others
By Type of Expenditure: Public, Private
By Product: Instruments/Equipment, Disposables
By Geography: The regions covered in the orthopedic devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Orthopedic Devices Global Market Report 2022provides market size and growth forecasts for the global orthopedic devices market, global orthopedic devices market share, orthopedic devices market segments and geographies, orthopedic devices market competitive landscape including leading competitors’ revenues, profiles and market shares. The orthopedic devices market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Orthopedic Devices Industry Playersinclude 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. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.