The Orthopedic Devices Market To Grow At A Higher Rate
Posted by sainath on January 23rd, 2019
The Business Research Company’s orthopedic devices global market report, covers the year-on-year growth of the global orthopedic devices market historic and forecast growth. It also includes chapters on the orthopedic devices market trends, geographical analysis, and competitive landscape.
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The global orthopedic devices market size is expected to reach billion by 2022, significantly growing at a CAGR of around 2.5% during the forecast period
Orthopedic Devices Market Trends
The orthopedic devices (or) equipment 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. This industry includes establishments that produce devices used in joint reconstruction, spinal surgeries, Craniomaxillofacial surgeries and orthobiologics implants. It also includes establishments manufacturing orthopedic accessories to fix or remove implants from the body and artificial devices to replace missing body part from the body under orthopedic prosthetics.
Biodegradable implants are increasingly being used in trauma orthopedic surgeries. 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 poly lactic acid manufactured in the form of plates, screws, and pins are replacing traditional devices like plates and screws which are more expensive. Surgeons are preferring biodegradable implants to replace conventional implants, as biodegradable implants can be engineered to provide temporary support for bone fractures; can degrade at a rate matching new tissue formation; can eliminate the need for second surgery, are highly useful in fracture fixation in children; and result in less implant related infections. For instance, Stryker Corp. offers orthrobiologics such as bone repair biodegradable products that are used in bone regeneration and bone healing, soft tissue regeneration and muscle connection to bone.
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The global orthopedic devices market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.
With ncrease in aging population, high incidence of obesity and bone-related disorders, medical tourism, the global orthopedic devices market is expected to increase in potential and scope. TBRC’s report also covers the orthopedic devices drivers and restraints in the market.
The global orthopedic devices market’s segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.
The top companies included in the global orthopedic devices market report are Johnson & Johnson, Zimmer Biomet Holdings, Stryker Corporation, Smith & Nephew PLC, B. Braun Melsungen.
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Joined: June 13th, 2018
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