Orthopedic Devices are medical devices and accessories used to treat orthopaedic problems, such as joint reconstruction, spinal devices, trauma fixation devices, arthroscopic devices, and so on. The global orthopaedic devices market is rapidly developing, owing to an apparent increase in the number of orthopaedic surgical procedures conducted globally. Because of the huge increase in orthopaedic treatments, there is a large need for orthopaedic equipment. Globally, 22.3 million orthopaedic surgical operations were conducted in 2017. Orthopaedic devices are critical in providing pain relief, improving quality of life, and increasing mobility for patients suffering from musculoskeletal illnesses and abnormalities. These orthopaedic medical equipment and methods are constantly evolving in response to changing customer demands. Technological improvements and the incorporation of digital technology are now the primary drivers of the orthopaedic devices market's revenue growth.
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 evaluates the market's major characteristics by looking at a variety of factors such as supply, demand, feasibility, and current trends. Projections for the years 2022-2027 are also included in the Orthopedic Devices Market research. Based on statistical data and in-depth research, the Orthopedic Devices report estimates and forecasts potential growth in the worldwide Orthopedic Devices market at each point in time, taking into account both qualitative and quantitative values of significant elements such as historical, current, and future trends. We also set and use a variety of criteria, such as Geographic Footprints, Regional Segments of Revenue, Operational Centers, and so on, to deliver relevance particular to any market. The next stage is to form a team (in-house + data agencies) that will begin gathering C and D level executives and profiles, as well as industry experts, opinion leaders, and others, to generate appointments.
Our team is analyzing the influence of COVID 19 on several industry verticals and providing authenticated data to the client. This information is useful in determining market conditions. To comprehend the impact and factors of COVID 19 on the worldwide Orthopedic Devices market, consult our expert monitoring, which describes all of the influencing elements and COVID impact on each key player. The report also recommends a systematic search for technology partners as a first step in identifying the developing and significant businesses participating in market estimations.
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Orthopedic Devices Market Dynamics:
In this study, we examine all market dynamics. Positive aspects, constraints, possibilities, and difficulties are the points that are discussed in depth in the report, and all data is gathered from press releases and yearly reports. The goal of the study is to propose a patent-based strategy for finding possible technology partners as a support tool for open innovation. The report also recommends a systematic search for technology partners as a first step in identifying the developing and significant businesses participating in market estimations.
High lights of the reports:
Key industry developments and key insights
Significant marketing factors such as driver, restraints, opportunity, and challenges
Number of significant companies and their revenue and net income
Other market trends
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Orthopedic Devices Market Segmentation:
The market is divided into three categories: BEV, PHEV, and FCEV based on propulsion. 2020 saw a market dominance of the HEV category, which accounted for more than 65% of all sales. The HEV provides both fuel-based and electric driving alternatives, which is particularly advantageous in locations with sparse charging infrastructure. As governments and private businesses attempt to create a global network of charging infrastructure to promote the use of green energy, the demand for battery electric automobiles is rising. Additionally, the PHEV category is expanding steadily. In the upcoming years, demand for these vehicles is anticipated to rise as prices for them decline.
Interviews with executives from various market-related firms, as well as survey reports, research institutes, and the most recent research reports, are used to do primary research. In the meantime, the analyst team is working on a set of questionnaires, and once the appointee list is received, the target audience is tapped and segmented using various mediums and channels for connecting, such as email, telephonic, Skype, LinkedIn Group & In Mail, Community Forums, open Survey, Survey Monkey, and so on.
Some of the dominant key players in the Orthopedic Devices market are given below:
• Johnson & Johnson
• 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.
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North America (U.S., Canada)
Europe (U.K., Germany, France, Italy)
Asia Pacific (China, India, Japan, Singapore, Malaysia, South Korea )
Latin America (Brazil, Mexico, Argentina, Chile)
Middle East & Africa (Saudi Arabia, South Africa, Egypt)
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