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Orthopedic Devices Market Size & Share To Project Lucrative CAGR 4.3% By 2023 | Future Insights, Emerging Trends and Global Key Player Analysis

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Orthopedic Devices Market Size & Share To Project Lucrative CAGR 4.3% By 2023 | Future Insights, Emerging Trends and Global Key Player Analysis

April 21
20:23 2020
Orthopedic Devices Market Size & Share To Project Lucrative CAGR 4.3% By 2023 | Future Insights, Emerging Trends and Global Key Player Analysis

Orthopedic Devices Market
Orthopedic Devices Market Analysis By Application (Trauma, Spine and extremities, Knee, Hip, Foot and ankle, and Others), Type (Trauma Fixation, Spinal Devices, Joint Replacement, Consumables & Disposables, Bone Repair, and Others), End User, Leading Companies, Trends and Insights

The global Orthopedic Devices Market size and share is expected to exhibit a strong 4.3% CAGR over the forecast period from 2017 to 2023, according to the latest research report from Market Research Future (MRFR). The global orthopedic devices market was valued at USD 43,802.1 million in 2016 and is expected to reach a valuation of USD 58,814.6 million by 2023, according to MRFR.

Orthopedic Devices are used for preventing or managing musculoskeletal problems. These devices have proved immensely successful to restore mobility, reduce pain and improve the quality of life in case of millions every year. Some of the commonly used orthopedic devices include hip supports, elbow and knee braces, cervical collars, ankle and foot supports, braces and back supports

Presently the trauma management methods available are not capable of restoring the parts of the body carefully because of insufficient effective surgical tools. Due to this most manufacturers are significantly investing in Research and Development for developing efficient and innovative devices. The increased research and development activities are expected to ensure a high growth in the orthopedic devices market soon. This market is likely to grow steadily and continue maintaining its position and grow further soon.

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Competitive Analysis:

Leading players in the Global Orthopedic Devices Market include

• DePuy Synthes Companies
• Medtronic
• Smith & Nephew plc
• Zimmer Inc.
• Stryker Corporation
• NuVasive Inc.
• Globus Medical Inc

Segmentation:

The global orthopedic devices market is segmented based on

• Type
• Application
• End use
• Region

By type, the global market is segmented into

• Spinal devices
• Bone repair
• Joint replacement
• Trauma fixation
• Consumables
• Disposables
• Others

By application, the global market is segmented into

• Spine
• Knee
• Foot
• Ankle
• Hip
• Trauma
• Extremities
• Others

By end use, the global orthopedic devices market is segmented into

• Hospitals
• Ambulatory surgery centers
• Medical research centers

Hospitals are likely to remain the leading revenue generator in the global orthopedic devices market over the forecast period.

Brows Full Research Report at: https://www.marketresearchfuture.com/reports/orthopedic-devices-market-3323

Regional Analysis:

North America holds the largest market share in the global orthopedic device market, accounting for 39.6% of the market in 2016. The growing prevalence of osteoporosis and other bone conditions in North America has been a major driver for the orthopedic devices market in the region. The strong presence of the technological framework required to adopt 3D printing on a large scale is also likely to be a major driver for the orthopedic devices market in North America over the forecast period. 3D printing has been pioneered in North America and many major 3D printing manufacturers are located in the region. This is likely to further the cause of the orthopedic devices market in North America over the forecast period.

Europe is also a major regional market for orthopedic devices and is expected to experience strong growth over the forecast period due to the growing number of osteoporosis cases in the region. The Europe market for orthopedic devices is expected to reach a valuation of USD 19,467.6 million by 2023.

Asia Pacific is expected to exhibit the fastest growth over the forecast period due to the rising demand for advanced orthopedic devices to correct spinal and other bone-related conditions. The Asia Pacific market for orthopedic devices is expected to exhibit a strong 6.2% CAGR over the forecast period.

Table Of Content:

• Report Prologue
• Introduction
• Research Methodology
• Market Dynamics
• Market Factor Analysis
• Global Orthopedic Devices Market By Type
• Global Orthopedic Devices Market By End User
• Global Orthopedic Devices Market By Region
• Global Orthopedic Devices Market By Application
• Competitive Landscape
• Company Profile
• Conclusion
• Appendix
• List of Tables

Make an Enquiry Before Buying this Report @ https://www.marketresearchfuture.com/enquiry/3323

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.

Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
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Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: www.marketresearchfuture.com/reports/orthopedic-devices-market-3323


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