Orthopedic Devices Market size worth $ 8.43 Billion, Globally, by 2028 at 6.23% CAGR: Verified Market Research®

JERSEY CITY, N.J., Oct. 25, 2021 /PRNewswire/ -- Verified Market Research recently published a report, "Orthopedic Devices Market" By Applications (Hip Orthopedic Devices, Knee Orthopedic Devices), By Product (Drill Guide, Guide Tubes, Implant Holder, Custom Clamps), and By Geography. According to Verified Market Research, the Global Orthopedic Devices Market size was valued at USD 5.21 Billion in 2020 and is projected to reach USD 8.43 Billion by 2028, growing at a CAGR of 6.23% from 2021 to 2028.

Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample/?rid=40842

Browse in-depth TOC on "Orthopedic Devices Market"

202 - Pages
126 – Tables
37 – Figures

Global Orthopedic Devices Market Overview

The rise in demand for orthopedic devices is growing on account of factors such as rising elder populations, innovation in surgeries, rising incidences of the orthopedic diseases, among others. Growing obesity and the expanding average weight of the populations is increasingly related to the orthopedic and overall bone health.

Obesity has been linked to the pathophysiology of some orthopedic conditions such as osteoporosis, fractures, osteoarthritis, and many soft tissue ailments, according to studies. Obesity affects about one-third of adults in the United States. It is estimated that by 2030, one out of every two people in the United States would be obese. Obesity raises the risk of a number of co-morbidities, including hypertension, type 2 diabetes, coronary artery disease, stroke, sleep apnea, and osteoarthritis, to name a few.

Obesity has been linked to a decrease in bone mass as well as the production of proinflammatory cytokines, which has been linked to the pathophysiology of osteoporosis, fractures, osteoarthritis, and many soft tissue ailments. Obese patients are more likely to have musculoskeletal co-morbidities as a result of these factors. Increased cardiovascular risks, challenges with special equipment, instrumentation, surgical approach, patient positioning, and medication modifications are all critical peri-operative issues. Keeping in view these trends, hospitals are also increasing vying to update their surgical devices, integrating the digital technologies as a more interactive role of the patients is also growing proportionally, expected to provide a greater growth for the Orthopedic Devices Market across the forecast timeline.

Key Developments in Orthopedic Devices Market

• In May 2019, Kyocera Fineceramics GmbH, Kyocera Corporation's Germany-based European headquarters, successfully completed the acquisition of Friatec's advanced ceramics business operations.
• In June 2020, Morgan Advanced Materials announced acquisition of Carbo San Luis, a producer of the insulating, unshaped-basic, and non-basic-preshaped and pressed refractory products and ceramic fibers.

The major players in the market are Medtronic, Stryker Corporation, Zimmer Biomet, Depuy Synthes, Smith And Nephew, Aesculap Implant Systems, LLC, Conmed Corporation, DJO Global, Nuvasive, Inc., and Others.

Verified Market Research has segmented the Global Orthopedic Devices Market On the basis of Applications, Product, and Geography.

• Orthopedic Devices Market, By Applications
• Hip Orthopedic Devices
• Knee Orthopedic Devices
• Spine Orthopedic Devices
• Others
• Orthopedic Devices Market, By Product
• Drill Guide
• Guide Tubes
• Implant Holder
• Custom Clamps
• Others
• Orthopedic Devices Market by Geography
• North America
• U.S
• Canada
• Mexico
• Europe
• Germany
• France
• U.K
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• Rest of Asia Pacific
• ROW
• Middle East & Africa
• Latin America

Browse Related Reports:

Orthopedic Orthotics Market By Product (Lower-limb Orthotics, Upper-limb Orthotics, Spine Orthotics), By Application (Neuromuscular And Musculoskeletal Disorders, Sports Injuries, Fractures), By Material (Carbon Fibres, Rubber, Metal), By Geography, Forecast, 2021-2028

Orthopedic Digit Implants Market By Material (Nitinol, Silicon Pyrocarbon, Titanium), By Product Type (Toe Intramedullary Implants, Scaphoid Bone Implants, Hemi Phalangeal Implants), By End User (Hospitals, Specialty Orthopedic Clinics), By Geography, Forecast, 2021-2028

Medical Device Outsourcing Market By Service (Contract Manufacturing, Quality Assurance, Regulatory Affairs Services, Product Design and Development Services), By Application (Cardiology, Diagnostic imaging, Orthopedic, IVD, Ophthalmic, General and plastic surgery), By Geography, Forecast, 2021-2028

Powered Surgical Instruments Market By Product (Power Source & Control, Accessories, Handpiece), By Power Source (Battery-Powered Instruments, Electric Instruments, Pneumatic Instruments), By Application (ENT Surgery, Neurosurgery, Orthopedic Surgery) By Geography, Forecast, 2021-2028

Top 10 orthodontics companies shaping smiles of individuals across the world

Visualize Orthopedic Devices Market using Verified Market Intelligence:-:

Verified Market Intelligence is our BI Enabled Platform for narrative storytelling of this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, and Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

About Us

Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.

Our 250 Analysts and SME's offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.

We study 14+ categories from Semiconductor & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & construction, Agriculture industry and Medical Devices from over 100 countries.

Contact Us

Mr. Edwyne Fernandes
Verified Market Research®
US: +1 (650)-781-4080
UK: +44 (753)-715-0008
APAC: +61 (488)-85-9400
US Toll Free: +1 (800)-782-1768
Email: sales@verifiedmarketresearch.com
Web: https://www.verifiedmarketresearch.com/
Follow Us: LinkedIn | Twitter

SOURCE Verified Market Research