Kalorama: Growing Elderly Population Drives Orthopedic Device Market

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Mar 04, 2015, 04:45 ET

NEW YORK, March 4, 2015 /PRNewswire/ -- The strongest driver of demand in the global orthopedic device market is the increasing elderly population, according to Kalorama Information. The finding was made in a recent report from the healthcare market research publisher, Global Orthopedic Device Market. An aging population coupled with other risk factors such as obesity is contributing to the rise in orthopedic incidence worldwide. Demand for innovative product designs and the trend toward cost effective solutions will drive orthopedic device market technology.

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Global Orthopedic Device Market can be found at KI: http://www.kaloramainformation.com/Global-Orthopedic-Device-8757580/.

"As the elderly population grows, so do incidences of falls, osteoarthritis, bone injuries, osteoporosis and obesity," said Mary Ann Crandall, the author of the report. "This increases the need for orthopedic devices."

The device market does face challenges, though, due to issues of economics, demographics, technology and international opportunities. The report contains market size and expected growth, outlining the positive and negative influences affecting the orthopedic device market, especially those seen in the reconstructive portion of the market but also in the trauma and spine portions as well. The market includes:

Hip Replacement
Knee replacement
Extremities Reconstruction (Shoulders, Wrists, Elbows, Ankles/Feet, Hands/Fingers)
Internal Fixation Orthopedic Trauma Devices
Spinal Implants

A number of issues and trends affect this market, influencing its move into the future. Global Orthopedic Device Market discusses these:

Mergers and acquisitions
Community hospital involvement in trauma
Smart implants
Biologic putty
Biofilm formation
Generic orthopedic devices

Large and small companies are involved in the development and/or marketing of orthopedic devices. Developing and developed markets alike have room to grow due to the aging population worldwide. Among the top and/or innovative competitors discussed within the report's Corporate Profiles are:

Acumed
Advanced Orthopedic
Alphatec Spine
Arthrex
Biomet
Bioretec
Conmed
DePuy Synthes
DIGIMED Ortho
DJO Global
Emerge Medical
Eactech
Globus Medical
Hand Biomechanics
Integra Life Sciences
Intelligent Implant System
Internal Fixation System
LDR Holding
Medtronic
Merlot Orthopedics
NuVasive
Orthofix
Osteomed
Rigid fx Corporation
RTI Surgical
Semprus Biosciences
Skeletal Dynamics
Small Bone Innovations
Smith & Nephew
Stryker
Suspension Orthopaedics
Tornier
TriMed
Vilex
Wright Medical
Zimmer

All market data pertain to the world market at the manufacturers' level. The base year for data was 2014. Historical data was provided for the years 2012, 2013 and 2014, with forecast data provided for 2015 through 2019. Compound annual growth rates (CAGRs) are provided for 2012-2014, 2014-2019, and 2012-2019 periods for each region and/or segment covered. Competitive analysis is provided for the year 2014. The forecasted market analysis for 2014-2019 is largely based on demographic trends, new developments, innovative technology and global expansion.

Global Orthopedic Device Market can be found at KI: http://www.kaloramainformation.com/Global-Orthopedic-Device-8757580/.

About Kalorama Information
Kalorama Information, a division of MarketResearch.com, supplies the latest in independent medical market research in diagnostics, biotech, pharmaceuticals, medical devices and healthcare; as well as a full range of custom research services. We routinely assist the media with healthcare topics. Follow us on Twitter, LinkedIn and our blog at www.kaloramainformation.com.

Contact:
Bruce Carlson
(212) 807-2622
[email protected]
www.KaloramaInformation.com

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SOURCE Kalorama Information