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Orthopedic Devices Market to cross $ 67.2 Billion by 2027 at 4.4% CAGR

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Jan 23, 2021 (Market Insight Reports) —
NEW YORK – Nova One Advisor predicts, The global Orthopedic Devices market is estimated to be valued at nearly US$ 46.3 Bn in 2019. The market is expected to reach nearly US$ 67.2 Bn by the end of 2027, reflecting a CAGR of 4.4% over the forecast period (2020-2027).

Orthopedic devices is a piece of equipment that is used for preventing and treating deformities and injuries of the musculoskeletal system. It includes include bandages, splints, prostheses, and special apparatus The market is witnessing a gradual rise in the adoption rate of advanced orthopedic solutions that offer fast recovery and reduced post-operative complications. The global orthopedic devices market is witnessing a shift to value-based product offerings due to continuous emergence of new players and variations in reimbursement policies based on performance of products by regulatory authorities.

North America dominated the global orthopedic devices market in 2019 and the trend is anticipated to continue during the forecast period. Highly structured health care industry, increased usage of technologically advanced surgical procedures, and increasing prevalence of orthopedic diseases are expected to drive the market in North America. Asia Pacific is likely to be a highly lucrative market for retinal disorders and it is expected to expand at a high CAGR during the forecast period

NOTE: Our analysts monitoring the situation across the globe explain that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.

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This research report encompasses precise assessment of the market with the help of comprehensive qualitative insights and supportable prognoses regarding market size, consumption and production. The projections presented in the report have been derived using proven research methodologies and assumptions. It does so by means of comprehensive qualitative insights, historical statistics, and verifiable predictions about market revenue and sales.

The rapidly budding threat owed to the eruption of COVID-19 is impacting lives, communities, businesses, and industries across the globe. With businesses shuttered, flights grounded, COVID-19 is about to affect the global economy in different ways such as by directly upsetting production and demand, by generating supply chain disruption, and by its financial impact on firms and financial markets. Therefore, this report covers COVID-19 outbreak impact analysis on the Orthopedic Devices market under the research study. The market estimates offered in the report are the outcome of in-depth extensive secondary research, primary interviews and in-house professional assessments. These market evaluations have been measured by reviewing the impact of numerous social, political and economic factors coupled with recent market dynamics affecting the Orthopedic Devices market growth.

The Orthopedic Devices market report is an all-inclusive study and presentation of drivers, challenges, opportunities, demand influences, market revenue, predictions, and trends in the global Orthopedic Devices market over the forecast period of 2020 to 2027. Growth matrix offers an analysis of the product segments and regions that market participants should emphasis to capitalize, consolidate, and diversify.

Porter’s five forces model in the report offers perceptions into the competitive rivalry, buyer and supplier positions in the market and prospects for the new participants in the global Orthopedic Devices market over the period of 2020 to 2027.

Orthopedic Devices Market Report Coverage:

Report Characteristics

Details

Historical Years

2016-2019

Base Year (2027) Market Size

USD 67.2 Billion

Forecast Period

2020-2027

Compound Annual Growth Rate (CAGR) %

4.4%

Report Coverage

Revenue Estimation and Outlook, Segmentation Analysis, Market Trends, Pre and Post COVID-19Impact of Analysis, Market Indicators, Competitive Landscape, Product Benchmarking, Company Profiling

Market Size by Segments

By Product, By End-user and By Geography

Crucial Competitors and Market Share Analysis

Increasing strategic alliances, mainly acquisitions and collaborations among vital market companies, along with ground-breaking product promotions are some of the crucial tactic flourishing the market. The key players operating in this market include Stryker, DePuy Synthes, Zimmer Biomet, Smith & Nephew, Medtronic, DJO Global, Arthrex, Inc., NuVasive, Inc., Globus Medical among others.

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This report delivers market breakdown and its revenue, consumption, production analysis and projections by categorizing it depending on parameters such as type, application/end-user, and region. This research report delivers the analysis and prognosis of revenue, production, price, market share and growth trend for different products such as:

  • Global Orthopedic Devices Market, by Product

    • Joint reconstruction

      • Hip replacement

        • Total hip replacement implant

        • Partial hip replacement implant

        • Hip resurfacing implant

        • Revision hip replacement implant

      • Knee replacement

        • Total knee replacement implant

        • Partial knee replacement implant

        • Revision knee replacement implant

      • Elbow & shoulder replacement

      • Other

    • Spinal devices

      • Spinal fusion devices

      • Spinal non fusion devices

    • Orthopedic braces and supports

      • Lower extremity

      • Upper extremity

    • Trauma fixation

      • Metal plates & screw

      • Pins/wires

      • Nails & rods

      • Others

    • Orthopedic accessories

      • Bone cement

      • Casting system

      • Removal system

    • Orthopedic prosthetics

      • Lower extremity

      • Upper extremity

    • Arthroscopy devices

    • Others

  • Global Orthopedic Devices Market, by End-user

    • Hospitals

    • Orthopedic clinics

    • Ambulatory surgical centers

    • Others

Geographically, this research study covers the comprehensive analysis of revenue, consumption, and Market share and growth rate, historic and forecast (2020-2027) of the following regions:

  • North America
  • Europe

    • Germany

    • United Kingdom

    • Italy

    • France

    • Rest of EU

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

    • Rest of APAC

  • Latin America

    • Brazil

    • Argentina

    • Rest of Central & South America

  • Middle East and Africa

    • GCC

    • North Africa

    • South Africa

Key Benefits Delivered by this report:

  • Comprehensive coverage of all the segments in the Orthopedic Devices market to scrutinize the trends, developments in the global market and prediction of market size up to 2027.

  • All-inclusive analysis of the global as well as regional markets of the Orthopedic Devices market.

  • Complete scrutiny of the players functional in the global Orthopedic Devices market. The company profile comprises analysis of product offering, financials, SWOT analysis and up-to-date developments of the company.

Table of Contents

Global Orthopedic Devices Market Research Report 2020 – 2027

Chapter 1 Orthopedic Devices Market Overview

Chapter 2 Global Economic Impact on Industry

Chapter 3 Global Market Competition by Manufacturers

Chapter 4 Global Production, Revenue (Value) by Region

Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions

Chapter 6 Global Production, Revenue (Value), Price Trend by Type

Chapter 7 Global Market Analysis by Application

Chapter 8 Manufacturing Cost Analysis

Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders

Chapter 11 Market Effect Factors Analysis

Chapter 12 Global Orthopedic Devices Market Forecast

Download This Full Research Report, Click [email protected] https://www.novaoneadvisor.com/report/checkout/3901

Contact Us:

Nova One Advisor

URL – https://www.novaoneadvisor.com/

Mailing Address: 237 West 35th Street, Suite 605, New York, NY 10001, USA

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