What is Orthopaedics?
Increasing incidence of osteoporosis, osteoarthritis, and obesity will help to boost the global orthopedics market. Orthopedics deals with the treatment of bone- and muscle-related defects and deformities. Orthopedic procedures and treatments are fundamentally expected at improving a patient’s mobility and reducing discomfort. Orthopedic treatments and devices are used to restore a normal lifestyle for millions of patients worldwide. Additionally, higher occurrence of sports injuries, technological innovations, growing old age population are further expanding the clinical need.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia- Pacific |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | Smith & Nephew (United Kingdom), Stryker (United States), Arthrex (United States), Integra LifeSciences (United States), Biomet (United States), ConMed (United States), Medtronic (Ireland), Zimmer (United States), Philips Healthcare (Netherlands) and Siemens Healthineers (Germany) |
CAGR | 6.5% |
The study covers a detailed analysis segmented by key business segments i.e. , by application (Fracture Management, Joint Replacement, Orthopedic Surgery, Pediatric Assessment and Pediatric Assessment) and major geographies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Orthopaedics market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Orthopaedics market report suggests strategies that Players can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, some of them are Smith & Nephew (United Kingdom), Stryker (United States), Arthrex (United States), Integra LifeSciences (United States), Biomet (United States), ConMed (United States), Medtronic (Ireland), Zimmer (United States), Philips Healthcare (Netherlands) and Siemens Healthineers (Germany).
Market Overview:
On 12th March 2019, Smith & Nephew, the global medical technology business has acquired Brainlab orthopedic joint reconstruction business. Brainlab, the global pioneer of software-driven medical technology.
Influencing Trend:
High Adoption Due To Minimally Invasive and Robotic Surgical Systems and Increasing Use of Robotics in Orthopedic Procedures and Minimally Invasive Procedures.
Market Growth Drivers:
Increasing Aging Population and Growing Prevalence of Lifestyle Disease like Diabetes.
Challenges:
Stringent Government Policies Associate with Orthopedics
Restraints:
High Cost of Implant and Lack of Infrastructure Capacity to Perform Surgery Limits Its Penetration and Adoption
Opportunities:
Development of Tissue Engineering and Untapped Potential and Expanding Healthcare Access
Key highlights of the Global Orthopaedics market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Orthopaedics market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Orthopaedics market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of Orthopaedics Players
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Orthopaedics market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Orthopaedics market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Orthopedics Treatment Provides, Medical Research Centers, Hospital, Industry Associations, Government Regulatory Bodies, Government and private Research Organizations and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.