Orthopedic Devices Market was valued at USD 57.02 Billion in 2021, and it is expected to reach USD 95.79 Billion by 2029, exhibiting a CAGR of 6.7 % during the forecast period (2022-2029)
Orthopedic Devices Market was valued at USD 57.02 Billion in 2021, and it is expected to reach USD 95.79 Billion by 2029, exhibiting a CAGR of 6.7 % during the forecast period (2022-2029)
Orthopedic Devices Market Overview: The Orthopedic Devices market research provides a full competition picture, including the market share and company profiles of the major players in the worldwide industry. The scope of the research covers a complete examination of the Orthopedic Devices Market, as well as the causes for variances in the industry's growth in different areas.
Market Scope: To locate and collect material appropriate for this study, this research study makes considerable use of secondary sources, directories, and databases such as annual reports, press releases, journals, corporate websites, and databases.
This Orthopedic Devices market report covers new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographies, and product approvals, product launches. To learn more about Maximize Market Research Orthopedic Devices market, please contact us for an Analyst Brief; our experts will assist you in making an informed market choice to achieve your goals.
Segmentation:
Based on End User, Hospitals is estimated to be a dominating end user segment during the forecast period. Orthopedic devices are mostly used in hospitals because they are surgically implanted. Hospitals treat a high number of patients who have suffered orthopaedic injuries. Aside from therapy, effective reimbursement policies given by hospitals are a crucial element contributing to the increasing proportion of patients being treated in hospitals. However, growing the use of minimally invasive treatments is expected to result in a preference for outpatient surgical centres.
Key Players:
• Johnson & Johnson
• Medtronic
• Smith & Nephew Plc.
• Aap Implantate Ag
• Aesculap Inc.
• Alphatec Spine
• Amedica Corporation
• Apatech Ltd.
• Arthrocare Corporation
• Biomet Inc.
• Conmed Corporation
• Depuy Inc.
• Donjoy Inc.
• Exatech Inc.
• Globus Medical Inc.
• Integra Lifesciences Holding Corporation
• Medtronic Inc.
• Nuvasive Inc.
• Stryker Corporation
• Synthes Inc.
• Zimmer Holding Inc.
The entire approach involves a review of the financial reports of the major market participants. Following the determination of the overall market size, the complete market was divided into many segments and sub-segments and checked with key industry professionals such as CEOs, VPs, directors, and marketing executives. The major players in the Orthopedic Devices market are
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Regional Analysis: The region portion of the Orthopedic Devices market study also includes individual market affecting elements and changes in legislation in the market that affect present and future market trends. Current and future trends are discussed in order to estimate the entire market potential and to highlight profitable trends in order to obtain a firmer footing. The geographic market assessment is based on the existing scenario and predicted developments.
COVID-19 Impact Analysis on Orthopedic Devices Market:
Following the outbreak of the pandemic, end-user sectors where Orthopedic Devices are used had a fall in growth from January to May in a variety of countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India, due to a suspension in operations. This resulted in a major decrease in the revenues of firms operating in these industries and, as a consequence, in demand for Orthopedic Devices manufacturers, influencing the growth of the Orthopedic Devices market in 2020. With lockdowns and a rising number of COVID-19 cases throughout the world, the demand for Orthopedic Devices from end-user businesses has decreased significantly.
Key Questions Answered in the Orthopedic Devices Market Report are:
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Dec 19, 2022