Market Overview:
The global orthopedics devices 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 devices. The global orthopedics devices market is segmented on the basis of type into spinal devices, arthroscopic devices, trauma fixation devices, braces & supportsdevices, and others. On the basis of application, hospitals are expected to account for the largest shareof themarketin2018 followed by clinicsandothers segments respectively .
Product Definition:
Orthopedics Devices are used to diagnose, treat and prevent musculoskeletal system disorders. Orthopedics Devices includes braces, casts, crutches, prostheses and traction devices.
Spinal Devices:
Spinal devices, also known as orthopedic devices or orthopedic implants are used to correct deformities in the spine and provide support for the body's natural processes of healing. Spinal fusion is a surgical procedure that is done to correct back problems caused due to degenerative disc disease, spinal stenosis (narrowing of the spinal cord), and scoliosis (sideways bend in the spine). Scoliosis causes problems with breathing which may lead to surgery.
Arthroscopic Devices:
Arthroscopic devices are used for the diagnosis and treatment of joint related problems. These devices include arthroscopes, arthrocenters, arthroshims, and other accessories. Arthroscopy is performed to evaluate soft tissue injuries in joints or to diagnose bone diseases that are not visible through radiography or ultrasound imaging techniques.
Application Insights:
The others segment held the largest share of the global orthopedics devices market in 2017. This includes total knee replacement, total hip replacement, revision knee surgery and revision hip surgery. The others segment is expected to grow at a significant rate over the forecast period owing to an increase in geriatric population and rise in number of trauma cases across the globe. Total knee replacement procedure has become popular among patients aged 55 years or above as this procedure can restore normal mobility after suffering from osteoarthritis pain for many years. Similarly, total hip replacement is becoming more common among patients aged 65 years or above as this procedure can also restore normal movement after being bedridden due to advanced arthritis for many years. These factors are anticipated to boost demand for various types of orthopedic devices used during these surgeries such as spinal implants, arthroscopic surgical tools and instruments, bone tunnels/roofs/cradles etc.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of a large number of orthopedic device manufacturers, high healthcare expenditure and prevalence of joint-related conditions. In addition, increasing government funding for R&D activities pertaining to orthopedics is also expected to propel growth during the forecast period. For instance, in 2015, the U.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to rising geriatric population and incidence rate associated with osteoarthritis and rheumatoid arthritis (R&R). Moreover, improving healthcare infrastructure along with rising medical tourism will drive demand further. The presence of local players coupled with low manufacturing cost compared to developed countries will also contribute towards regional growth during the forecast period (2018 - 2030).
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. According to the World Health Organization (WHO), musculoskeletal disorders account for nearly one-third of all noncommunicable diseases worldwide. This presents a major opportunity for the orthopedics devices market as demand for these devices is expected to surge in response to this growing need.
- Advances in technology: The orthopedics devices market is witnessing rapid advancements in technology, with new products being launched at a faster pace than ever before. These technological advances are helping to improve patient outcomes and drive down costs associated with treatment procedures. For instance, 3D printing technology is being used increasingly in the manufacture of customized implants that better match patients’ anatomies, resulting in improved surgical outcomes and shorter healing times post-surgery.
Scope Of The Report
Report Attributes
Report Details
Report Title
Orthopedics Devices Market Research Report
By Type
Spinal Devices, Arthroscopic Devices, Trauma Fixation Devices, Braces Devices, Others
By Application
Hospitals, Clinics, Others
By Companies
Johnson & Johnson, Medtronic, Stryker, Smith & Nephew, Zimmer, Biomet Corporate, Arthrex, Aap Implantate, Alphatec Spine, Aesculap Implant Systems, Johnson & Johnson, Amedica Corporation, Exactech, Globus Medical Spine, Integra LifeSciences, Changzhou Waston Medical Appliance, GPC 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
201
Number of Tables & Figures
141
Customization Available
Yes, the report can be customized as per your need.
Global Orthopedics Devices Market Report Segments:
The global Orthopedics Devices market is segmented on the basis of:
Types
Spinal Devices, Arthroscopic Devices, Trauma Fixation Devices, Braces Devices, 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
Hospitals, Clinics, 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
- Stryker
- Smith & Nephew
- Zimmer
- Biomet Corporate
- Arthrex
- Aap Implantate
- Alphatec Spine
- Aesculap Implant Systems
- Johnson & Johnson
- Amedica Corporation
- Exactech
- Globus Medical Spine
- Integra LifeSciences
- Changzhou Waston Medical Appliance
- GPC Medical
Highlights of The Orthopedics Devices 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:
- Spinal Devices
- Arthroscopic Devices
- Trauma Fixation Devices
- Braces Devices
- Others
- By Application:
- Hospitals
- Clinics
- 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 Orthopedics Devices 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.
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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?
Orthopedics devices are medical devices used to help correct or maintain the alignment of bones and joints. These devices can be used in a variety of ways, including to treat conditions like arthritis, fractures, and sports injuries.
Some of the major companies in the orthopedics devices market are Johnson & Johnson, Medtronic, Stryker, Smith & Nephew, Zimmer, Biomet Corporate, Arthrex, Aap Implantate, Alphatec Spine, Aesculap Implant Systems, Johnson & Johnson, Amedica Corporation, Exactech, Globus Medical Spine, Integra LifeSciences, Changzhou Waston Medical Appliance, GPC Medical.
The orthopedics devices market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Orthopedics Devices 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 Orthopedics Devices Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Orthopedics Devices 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 Orthopedics Devices 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 Orthopedics Devices Market Size & Forecast, 2020-2028
4.5.1 Orthopedics Devices Market Size and Y-o-Y Growth
4.5.2 Orthopedics Devices 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 Spinal Devices
5.2.2 Arthroscopic Devices
5.2.3 Trauma Fixation Devices
5.2.4 Braces Devices
5.2.5 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 Hospitals
6.2.2 Clinics
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Orthopedics Devices 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 Orthopedics Devices 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 Spinal Devices
9.6.2 Arthroscopic Devices
9.6.3 Trauma Fixation Devices
9.6.4 Braces Devices
9.6.5 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 Hospitals
9.10.2 Clinics
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 Spinal Devices
10.6.2 Arthroscopic Devices
10.6.3 Trauma Fixation Devices
10.6.4 Braces Devices
10.6.5 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 Hospitals
10.10.2 Clinics
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 Spinal Devices
11.6.2 Arthroscopic Devices
11.6.3 Trauma Fixation Devices
11.6.4 Braces Devices
11.6.5 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 Hospitals
11.10.2 Clinics
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 Spinal Devices
12.6.2 Arthroscopic Devices
12.6.3 Trauma Fixation Devices
12.6.4 Braces Devices
12.6.5 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 Hospitals
12.10.2 Clinics
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 Spinal Devices
13.6.2 Arthroscopic Devices
13.6.3 Trauma Fixation Devices
13.6.4 Braces Devices
13.6.5 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 Hospitals
13.10.2 Clinics
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 Orthopedics Devices Market: Competitive Dashboard
14.2 Global Orthopedics Devices 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 Stryker
14.3.4 Smith & Nephew
14.3.5 Zimmer
14.3.6 Biomet Corporate
14.3.7 Arthrex
14.3.8 Aap Implantate
14.3.9 Alphatec Spine
14.3.10 Aesculap Implant Systems
14.3.11 Johnson & Johnson
14.3.12 Amedica Corporation
14.3.13 Exactech
14.3.14 Globus Medical Spine
14.3.15 Integra LifeSciences
14.3.16 Changzhou Waston Medical Appliance
14.3.17 GPC Medical
