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Orthopedic Devices Market, Size, Share, Outlook and Opportunities, 2019- 2025

  • ID:OGAHM1960426
  • Published: June-2019
  • Pages:130
  • OGAnalysis
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Global Orthopedic Devices Market, Size, Share, Outlook and Growth Opportunities to 2025: By Type (Joint replacement, Spinal devices, Orthobiologics, Arthroscopic devices, Trauma Accessories, braces and Support Systems, and Others), By Joint Replacement Type (Ankle Replacement, Elbow Replacement, Hip Replacement, Knee Replacement, Shoulder Replacement, and Others), By Application (Hospitals, Clinics, and Others) and By Region

Key Highlights

  • Global Orthopedic Devices Market is estimated to reach a market value of USD 67.5 billion by 2025, with the market growing at a CAGR of 6.23% in the forecast period 2019-2025.
  • Increasing adoption of robotic assisted surgery and growing emergence of outpatient orthopedic surgeries are key market trends.
  • Elbow replacement segment registered at a CAGR of 10.23% during the forecast period 2018 to 2025 representing an estimated initial market value of $ 0.2 billion in 2018.
  • Hospitals constituted for major share in the global orthopedic devices market.

Increasing prevalence and incidence of orthopedic disorders, growing geriatric population and growing advancements in medical technology are driving the market growth. Growing investments in research & developments and increasing strategic alliances and partnerships among companies are other factors promoting the market growth.

Rising prevalence and incidents of chronic diseases such as arthritis, osteoarthritis and others increase the consumption volume of joint replacements, this in turn provide opportunities for the key players to boost their investments.

Hospitals constituted for major share among the end users owing to wide availability of medical professionals and experts dealing with various orthopedic devices. The hospitals are operating in a competitive landscape that is being influenced by presence of orthopedic surgery departments and are becoming valuable. Hospitals are offering customized patient specific implants and are used based on customer based surgeries.

North America orthopedic devices industry is highly focused on innovating high-quality, cost-effective devices. Companies operating in the North American industry are committed to research, sourcing, and quality, which are key factors for the success of the industry.

Increasing prevalence of orthopedic conditions and growing awareness of minimally invasive procedures are further boosting the sales of orthopedic devices. However, factors such as recurrent product recall, biocompatibility issues, costly procedures & equipment, and stringent regulatory approval procedures are challenging the companies in the industry. For instance, CONMED Corporation’s device customers reported 347 adverse events, including malfunction to the US FDA from January 2018 to February 2019.

European orthopedic devices market continues to witness healthy growth rates driven by high utilization of orthopedic devices across a large number of hospitals and clinical laboratories for treating bone disorders.

Asia Pacific orthopedic devices market is estimated to exhibit strong growth over the forecast period 2019-2025, driven by the presence of supportive government regulations and a largely untapped market.

South & Central America presents lucrative opportunities for the major players operating in the industry owing to growth in awareness about orthopedic devices and an increase in the development of healthcare infrastructure. Majority of the Middle Eastern countries, including UAE, Saudi Arabia, Iraq, and others are highly adopting orthopedic technological advancements and therefore will provide extensive opportunities for the firms.

Orthopedic implants are expensive compared to traditional techniques, which is the key factor expected to hamper the product sales. Widespread adoption of advanced medical technologies and lack of skilled resources is also hampering the growth of the orthopedic devices market.

Global Orthopedic Devices Market Insights

The 2019 series of global market size, share, outlook, trends and growth prospects is a comprehensive analysis on global Orthopedic Devices market conditions. Major trends shaping the near and long term future of the industry, opportunities, drivers and restraints of Orthopedic Devices market, detailed porter’s five forces analysis and competitive insights are included in the research report.

Global Orthopedic Devices Market Share by Type

The report presents the detailed annual outlook of each type of the Orthopedic Devices market to 2025. Joint replacement, spinal devices, orthobiologics, arthroscopic devices, trauma accessories, braces and support systems, and others are different types included in the orthopedic devices market report. Of these types, joint replacement occupies major share in the global industry.

Global Orthopedic Devices Market forecasts by Joint Replacement Type

The report provides detailed Orthopedic Devices market forecasts by various product types including ankle replacement, elbow replacement, hip replacement, knee replacement, shoulder replacement, and others.  Among all joint replacement types, elbow replacement segment is forecasted to dominate the industry growth over the years.

Global Orthopedic Devices Market Size by Application

Amidst increasing emphasis on new applications and stagnant growth of conventional large applications, the report presents in-depth insights into each of the leading Orthopedic Devices end user verticals along with annual forecasts to 2025. Various applications that are studied in the report include hospitals, clinics, and others. Hospital is the fastest growing segment among all end user industries.

Global Orthopedic Devices Market Revenue by Region

The current Orthopedic Devices market size in terms of revenue across 5 regions including North America, Europe, Asia Pacific, South & Central America and Middle East & Africa are studied in the report. In addition, historic data from 2017 and annual forecasts to 2025 are also included in the research report. Globally, North America is the major revenue contributor to the global market.

Global Orthopedic Devices Market Analysis by Company

Top 10 leading companies in global Orthopedic Devices market are analyzed in the report along with their business overview, operations, geographical locations, financial analysis, SWOT profile and Orthopedic Devices products & services.

Global Orthopedic Devices Market News and Recent Developments

Latest news and industry developments in terms of Orthopedic Devices product expansions, acquisitions, organic & inorganic growth strategies, joint ventures and collaborations, product launches, market expansions etc are included in the report.

Scope

Long term perspective on the Orthopedic Devices industry: 2018 (base year), 2019- 2025 (forecast period)

Orthopedic Devices Market- Forecasts by Segments- Type, Joint Replacement Type and Application by geography.

  1. The research work categorizes the global orthopedic devices market based on type into 7 categories including joint replacement, spinal devices, orthobiologics, arthroscopic devices, trauma accessories, braces & support systems, and others.
  2. It provides the market outlook by 6 joint replacement types including ankle replacement, elbow replacement, hip replacement, knee replacement, shoulder replacement, and others.
  3. The report categorizes the market based on application into 3 categories such as hospitals, clinics, and others.
  4. Orthopedic Devices market across countries in 5 regions including North America, Europe, Asia-Pacific, South & Central America and Middle East & Africa are covered.

Orthopedic Devices Market- Strategic Analysis Review

  1. Key strategies opted by leading players
  2. Short to Long Term Industry Trends
  3. Porter’s Five Forces Analysis
  4. Supply side and Demand Side Drivers and Challenges

Orthopedic Devices Market- Growth Opportunities

  1. Potential New Business Opportunities
  2. Key Areas of Focus in forecast period

Orthopedic Devices Market- Competitive Scenario

  1.  10 companies are analysed in the report including CONMED Corporation, NuVasive, Inc., Johnson & Johnson, Globus Medical, Inc., Stryker Corporation, Zimmer Biomet, Orthofix International, Medtronic PLC, Smith & Nephew PLC, and Wright Medical Group N.V.
  2. Company Peer-to-Peer Comparison
  3. Company Profile and SWOT Analysis
  4. Financial Analysis

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Table of Contents
1. Table of Contents

1.1 List of Tables
1.2 List of Figures
2. Introduction to Global Orthopedic Devices Market
2.1 Global Orthopedic Devices Market Snapshot, 2018
2.2 Orthopedic Devices Industry Overview
2.3 Research Perspective
3. Global Orthopedic Devices Market- Strategic Analysis 
3.1 Short Term and Long Term Industry Trends Affecting Global Orthopedic Devices Market
3.2 Leading Orthopedic Devices Types Targeted by Global Manufacturers 
3.3 Key Consumption Patterns of Orthopedic Devices
3.4 Potential Markets Vital for business Expansion 
3.5 Five Forces Analysis
3.6 Drivers and Restraints
4. Global Orthopedic Devices Market Outlook and Growth Opportunities by Type
4.1 Joint Replacement Market Outlook, 2019- 2025
4.2 Spinal Devices Market Outlook, 2019- 2025
4.3 Orthobiologics Market Outlook, 2019- 2025
4.4 Arthroscopic Devices Market Outlook, 2019- 2025
4.5 Trauma Accessories Market Outlook, 2019- 2025
4.6 Braces & Support Systems Market Outlook, 2019- 2025
4.7 Other Types of Global Orthopedic Devices Market Outlook, 2019- 2025
5. Global Orthopedic Devices Market Outlook and Growth Opportunities by Joint Replacement Type
5.1 Ankle Replacement Market Outlook, 2019- 2025
5.2 Elbow Replacement Market Outlook, 2019- 2025
5.3 Hip Replacement Market Outlook, 2019- 2025
5.4 Knee Replacement Market Outlook, 2019- 2025
5.5 Shoulder Replacement Market Outlook, 2019- 2025
5.6 Others Market Outlook, 2019- 2025
6. Global Orthopedic Devices Market Outlook and Growth Opportunities by Application
6.1 Orthopedic Devices Demand in Hospitals, Market Outlook, 2019- 2025
6.2 Orthopedic Devices Demand in Clinics, Market Outlook, 2019- 2025
6.3 Orthopedic Devices Demand in Other Applications, Market Outlook, 2019- 2025
7. Asia Pacific Orthopedic Devices Market Outlook and Growth Opportunities
7.1 Key Findings, 2018
7.2 Asia Pacific Orthopedic Devices Market Outlook by Type, 2019- 2025
7.3 Asia Pacific Orthopedic Devices Market Outlook by Joint Replacement Type, 2019- 2025
7.4 Asia Pacific Orthopedic Devices Market Outlook by Application, 2019- 2025
7.5 Asia Pacific Orthopedic Devices Market Outlook by Country, 2019- 2025
8. Europe Orthopedic Devices Market Outlook and Growth Opportunities
8.1 Key Findings, 2018
8.2 Europe Orthopedic Devices Market Outlook by Type, 2019- 2025
8.3 Europe Orthopedic Devices Market Outlook by Joint Replacement Type, 2019- 2025
8.4 Europe Orthopedic Devices Market Outlook by Application, 2019- 2025
8.5 Europe Orthopedic Devices Market Outlook by Country, 2019- 2025
9. North America Orthopedic Devices Market Outlook and Growth Opportunities
9.1 Key Findings, 2018
9.2 North America Orthopedic Devices Market Outlook by Type, 2019- 2025
9.3 North America Orthopedic Devices Market Outlook by Joint Replacement Type, 2019- 2025
9.4 North America Orthopedic Devices Market Outlook by Application, 2019- 2025
9.5 North America Orthopedic Devices Market Outlook by Country, 2019- 2025
10. South & Central America Orthopedic Devices Market Outlook and Growth Opportunities
10.1 Key Findings, 2018
10.2 South & Central America Orthopedic Devices Market Outlook by Type, 2019- 2025
10.3 South & Central America Orthopedic Devices Market Outlook by Joint Replacement Type, 2019- 2025
10.4 South & Central America Orthopedic Devices Market Outlook by Application, 2019- 2025
10.5 South & Central America Orthopedic Devices Market Outlook by Country, 2019- 2025
11. Middle East & Africa Orthopedic Devices Market Outlook and Growth Opportunities
11.1 Key Findings, 2018
11.2 Middle East & Africa Orthopedic Devices Market Outlook by Type, 2019- 2025
11.3 Middle East & Africa Orthopedic Devices Market Outlook by Joint Replacement Type, 2019- 2025
11.4 Middle East & Africa Orthopedic Devices Market Outlook by Application, 2019- 2025
11.5 Middle East & Africa Orthopedic Devices Market Outlook by Country, 2019- 2025
12. Competitive Landscape
12.1 Leading Players (Company Profile, SWOT Analysis, Orthopedic Devices Products, Financial Analysis)
12.1.1 CONMED Corporation
12.1.2 NuVasive, Inc.
12.1.3 Johnson & Johnson
12.1.4 Globus Medical, Inc.
12.1.5 Stryker Corporation
12.1.6 Zimmer Biomet
12.1.7 Orthofix International
12.1.8 Medtronic PLC
12.1.9 Smith & Nephew PLC
12.1.10 Wright Medical Group N.V.
12.2 Company Benchmarking 
12.3 Financial Analysis
13. Recent News and Deals Landscape
13.1 Mergers and Acquisitions
13.2 New Product Launches
13.3 Asset Transactions
13.4 Financial Announcements
14. Appendix
14.1 OGAnalysis Expertise
14.2 Sources and Research Methodology
14.3 Contact Information



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