Orthopedic Consumables Market Scope
The orthopedic Consumables market is expected to grow in the future due to the growing incidence of orthopedic fracture and dislocation and rising orthopedics surgery. The manufactures are focusing on new products or the latest technology to manufacture orthopedic consumables which provide maximum satisfaction and enhanced mobility for the body parts. Orthopedic Consumables are used to restore joint movement, implant skeletal structure, and restore the mobility of individuals effectively.
There are various companies are exploring in this market are taking various growth initiatives such as mergers & acquisitions, expansions, investments, new product launches and collaborations, and others. There are various new players are entering this market for getting major market share in this industry. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Orthopedic Consumables market throughout the predicted period.
Johnson & Johnson (United States), Stryker Corporation (United States), Wright Medical Group (United States), Zimmer Biomet (United States), Medtronic (Ireland), 3M Company (United States), DSM Biomedical (Netherlands), BioTek Instruments, Inc. (United States), CONMED (United States), Lima Corporate (Italy) and Exactech, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are AK Medical (China), Arthrex, Inc. (United States), BSN medical (Germany) and Anika Therapeutics Inc. (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Orthopedic Consumables market by Type (Surgical Orthopedic Consumables, Wound-Management Orthopedic Consumables and Others), by Application (Hospitals, Clinics, Ambulatory Surgical Centers (ASCs) and Others) and Region with country level break-up.
On the basis of geography, the market of Orthopedic Consumables has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
In Jan 2020, Anika Therapeutics, Inc. announced it has signed agreements to acquire Parcus Medical, a leading, privately-held sports medicine company, and Arthrosurface, a leading, privately-held provider of the joint surface and preservation solutions for active patients.
Market Trend
- Availability of New Technology for Manufacturing Orthopedic Consumables
Market Drivers
- Increasing Number of Road Accidents
- Increasing Geriatric Population
- Rising Incidence of the Lower and Upper Extremity related Injuries
Opportunities
- Continuously Increasing Accidents in Sports across the globe
- Growing Adoption of the Orthopedic Surgeries
Restraints
- Stringent Government Regulations Regarding the Orthopedic Consumables
Challenges
- Fluctuations in the Raw Material Prices
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analyst and Strategic Business Planners, Orthopedic Consumables Manufacturers and Suppliers, Government Regulatory and Research Organizations and End-Use Industries