$ 8.43 Billion Orthopedic Appliance Market Size, Globally, by 2028 at 6.23% CAGR: Verified Market Research®
JERSEY CITY, NJ, 25 October 2021 / PRNewswire / – Verified Market Research recently published a report, “Orthopedic Appliance Market“By Applications (Hip Orthopedic Devices, Knee Orthopedic Devices), By Product (Drill Guide, Guide Tubes, Implant Holder, Custom Forceps) and By Geography. According to verified market research, the global market size orthopedic devices has been evaluated at $ 5.21 billion in 2020 and should reach $ 8.43 billion by 2028, with a CAGR of 6.23% from 2021 to 2028.
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202 – Slips
126 – Tables
37 – Figures
Global Orthopedic Appliance Market Overview
The increase in demand for orthopedic devices is increasing due to factors such as increasing number of elderly people, innovation in surgeries, increasing incidence of orthopedic diseases, among others. Growing obesity and increasing average weight populations are increasingly linked to overall orthopedic and bone health.
According to studies, obesity has been linked to the pathophysiology of certain orthopedic conditions such as osteoporosis, fractures, osteoarthritis and many soft tissue conditions. Obesity affects about a third of adults in United States. It is estimated that by 2030, one in two people in United States would be obese. Obesity increases your risk for a number of co-morbidities, including hypertension, type 2 diabetes, coronary heart disease, stroke, sleep apnea and osteoarthritis, to name a few some.
Obesity has been linked to decreased bone mass as well as the production of pro-inflammatory cytokines, which have been linked to the pathophysiology of osteoporosis, fractures, osteoarthritis and many tissue conditions soft. Obese patients are more likely to have musculoskeletal co-morbidities due to these factors. Increased cardiovascular risks, challenges with special equipment, instrumentation, surgical approach, patient positioning, and medication changes are all critical perioperative issues. In view of these trends, hospitals are also increasingly competing to update their surgical devices, the integration of digital technologies as a more interactive role of patients is also increasing proportionally which is expected to enable greater market growth. orthopedic devices throughout the forecast period.
Key developments in Orthopedic Appliance Market
- In May 2019, Kyocera Fineceramics GmbH, a company of Kyocera Corporation Germanybased in Europe, has successfully completed the acquisition of the advanced ceramics business activities of Friatec.
- In june 2020, Morgan Advanced Materials announced the acquisition of Carbo San Luis, a producer of preformed and pressed insulating, unshaped and non-basic refractories 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 segmented the global orthopedic devices market on the basis of applications, product, and geography.
- Orthopedic Appliances Market, By Applications
- Hip orthopedic devices
- Knee braces
- Spine orthopedic appliances
- Orthopedic Appliances Market, By Product
- Drill guide
- Guide tubes
- Implant holder
- Custom clamps
- Orthopedic Appliances Market By Geography
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- Latin America
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