Market Overview:
The global medical orthopedic products market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of musculoskeletal disorders, rising geriatric population, and technological advancements in orthopedic products. The global medical orthopedic products market is segmented on the basis of type into trauma, spine, joints, and others. The trauma segment is expected to account for the largest share of the global medical orthopedic products market in 2018 owing to increasing incidence of road accidents and sports injuries. The spine segment is projected to grow at the highest CAGR during the forecast period due to increasing prevalence of spinal disorders such as scoliosis, spondylosis, and herniated discs.
Product Definition:
Orthopedic medical products are devices, tools or implants that are used to correct or treat musculoskeletal injuries and disorders. These products can be used to improve joint function, relieve pain and promote healing. Orthopedic medical products are an important part of the treatment process for many musculoskeletal conditions and can help patients regain mobility and independence.
Trauma:
The global orthopedic market is expected to grow at a lucrative rate during the forecast period. The key drivers of this market are increasing geriatric population base, rising prevalence of bone diseases and technological advancements in medical devices.
However, one of the major challenges faced by this industry is lack of awareness among people regarding treatment options available for them.
Spine:
The spine is a series of bones that forms the protective framework for the spinal cord. The spine also provides stability to the body and enables movement at the neck, arms, and legs. The medical orthopedic products market includes devices used in treating fractures, dislocations,& spinal injuries along with other degenerative diseases of spine such as disc disease & bone spurs.
Application Insights:
The others segment held the largest share of the global medical orthopedic products market in 2017. This includes knee, hip, and shoulder implants. The increasing geriatric population across the world is expected to boost this application segment over the forecast period.
The hospital segment is anticipated to register a significant CAGR of XX% from 2018 to 2030 owing to an increase in surgical procedures for trauma care and spinal disorders coupled with rising investments by governments for developing advanced healthcare facilities at an affordable cost. For instance, according to WHO data published in 2019, there were approximately 2 billion adults aged 30 years or above across the globe as of 2018 which was 15% more than a decade ago.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing cases of road accidents, rising geriatric population, and high adoption of advanced technologies in this region. In addition, favorable reimbursement policies are also propelling growth in this region. For instance, under the Patient Protection and Affordable Care Act (PPACA), medical devices are supposed to be classified into two categories based on their price: Class I devices are those that cost less than 0 thousand; while Class IIB devices cost more than 0 thousand but less than million). Under these guidelines only 2% premium copays were required for upper-class device compared with 10% for lower-class device (Class I) or 20% for upper-class device compared with 40% for lower class device (Class IIB).
Growth Factors:
- Increasing incidence of orthopedic diseases and disorders: The global prevalence of orthopedic diseases is increasing at a rapid pace. This is primarily attributed to the aging population, rising obesity rates, and increasing levels of physical inactivity. As a result, the demand for medical orthopedic products is expected to surge in the coming years.
- Technological advancements: The medical orthopedic products market is witnessing significant advancements in terms of technology and innovation. This has led to the development of new and innovative products that are helping patients recover from various orthopedic conditions faster than ever before.
- Growing awareness about benefits of early treatment: There is growing awareness among people about the benefits of early treatment for various Orthopedic conditions .This has resulted in an increase in demand for medical Orthopedics Products , especially those that offer quick relief from pain and improve mobility quickly .
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Orthopedic Products Market Research Report
By Type
Trauma, Spine, Joints, Others
By Application
Hospital, Clinic, Others
By Companies
Johnson & Johnson, Medtronic, Zimmer Biomet, Stryker, Arthrex, Lando Biomaterials Company, Double Medical, Shandong Weigao, Shanghai Kinetic Medical, Beijing Chunlizhengda Medical, Aikang Medical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Medical Orthopedic Products Market Report Segments:
The global Medical Orthopedic Products market is segmented on the basis of:
Types
Trauma, Spine, Joints, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Clinic, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Johnson & Johnson
- Medtronic
- Zimmer Biomet
- Stryker
- Arthrex
- Lando Biomaterials Company
- Double Medical
- Shandong Weigao
- Shanghai Kinetic Medical
- Beijing Chunlizhengda Medical
- Aikang Medical
Highlights of The Medical Orthopedic Products Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Trauma
- Spine
- Joints
- Others
- By Application:
- Hospital
- Clinic
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Medical Orthopedic Products Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Medical orthopedic products are devices and treatments used to help people with orthopedic problems. These products can include braces, casts, crutches, wheelchairs, and other aids.
Some of the major players in the medical orthopedic products market are Johnson & Johnson, Medtronic, Zimmer Biomet, Stryker, Arthrex, Lando Biomaterials Company, Double Medical, Shandong Weigao, Shanghai Kinetic Medical, Beijing Chunlizhengda Medical, Aikang Medical.
The medical orthopedic products market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Orthopedic Products Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Medical Orthopedic Products Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Orthopedic Products Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Medical Orthopedic Products Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Medical Orthopedic Products Market Size & Forecast, 2020-2028
4.5.1 Medical Orthopedic Products Market Size and Y-o-Y Growth
4.5.2 Medical Orthopedic Products Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Trauma
5.2.2 Spine
5.2.3 Joints
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Clinic
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Orthopedic Products Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Medical Orthopedic Products Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Trauma
9.6.2 Spine
9.6.3 Joints
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Clinic
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Trauma
10.6.2 Spine
10.6.3 Joints
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Clinic
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Trauma
11.6.2 Spine
11.6.3 Joints
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Clinic
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Trauma
12.6.2 Spine
12.6.3 Joints
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Clinic
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Trauma
13.6.2 Spine
13.6.3 Joints
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Clinic
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Medical Orthopedic Products Market: Competitive Dashboard
14.2 Global Medical Orthopedic Products Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Johnson & Johnson
14.3.2 Medtronic
14.3.3 Zimmer Biomet
14.3.4 Stryker
14.3.5 Arthrex
14.3.6 Lando Biomaterials Company
14.3.7 Double Medical
14.3.8 Shandong Weigao
14.3.9 Shanghai Kinetic Medical
14.3.10 Beijing Chunlizhengda Medical
14.3.11 Aikang Medical
