Dublin, Nov. 19, 2018 (GLOBE NEWSWIRE) -- The "Orthopedic Devices Market Size, Share & Trends Analysis Report By Application (Hip, Knee, Spine, Cranio-Maxillofacial, Dental, SET), By Product (Accessories, Surgical Devices), And Segment Forecasts, 2018 - 2026" report has been added to ResearchAndMarkets.com's offering.
The global orthopedic device market size is expected to reach USD 47.7 billion by 2026
It is anticipated to expand at a CAGR of 3.1% over the forecast period. Major factors driving the market include high demand for orthopedic surgeries owing to rising incidents of road accidents and prevalence of orthopedic diseases.
Rise in geriatric population prone to orthopedic conditions is primarily pushing the demand for orthopedic solutions globally.Effects of aging such as lowering of bone density and weakening of bones due to excessive loss of bone mass is prominent in people from 25 to 54 years age group that become more noticeable after 55 years.
High adoption of minimally invasive surgeries and increasing number of sports and road traffic accidents are expected to fuel growth of the orthopedic devices market growth during the forecast period. Arthroscopy, minimally invasive total joint replacement, and spine surgeries are some of the newly adopted minimally invasive surgeries.
Stringent procedures of regulatory approvals are anticipated to hinder market growth in near future. In addition, high cost of devices and surgeries are some other factors likely to impede the growth.
Further key findings from the study suggest:
- Knee orthopedic devices captured the largest market share in 2017 attributed to rise in knee surgeries including common knee injuries and total knee replacements
- North America captured the largest market share in 2017 and is expected to continue leading over the forecast period. The presence of a large number of major market players and high adoption of advanced technologies are the major driving factors
- Asia Pacific is expected to exhibit a lucrative CAGR during the forecast period. The presence of a large untapped market and supportive government regulations are expected to attract attention of the global market players
- Some of the major players in the orthopedic devices market include NuVasive, Inc.; Medtronic PLC; Zimmer-Biomet Holdings; DePuy Synthes; Stryker; Aesculap Implant Systems, LLC; Donjoy, Inc.; and Conmed Corporation.
Key Topics Covered:
Chapter 1 Methodology And Scope
1.1 Research Methodology
1.2 Research Scope And Assumptions
Chapter 2 Executive Summary
2.1 Market Summary
Chapter 3 Market Variables, Trends & Scope
3.1 Market Segmentation
Chapter 4 Industry Outlook
4.1 Market Driver Analysis
4.1.1 Growing geriatric population
4.1.2 High adoption of minimally invasive procedures
4.1.3 Increase in the number of sports and road traffic accidents
4.1.4 High prevalence of diabetes and obesity
4.2 Market Restrain Analysis
4.2.1 Increase in the number of product recalls
4.2.2 Social and ethical issues
4.3 Business Environment Analysis
4.3.1 SWOT Analysis; By Factor (Political & Legal, Economic And Technological)
4.3.2 Political And Legal
4.3.2.1 Strength
4.3.2.2 Weakness
4.3.2.3 Opportunities
4.3.2.4 Threats
4.3.3 Technological
4.3.3.1 Strength
4.3.3.2 Weakness
4.3.3.3 Opportunities
4.3.3.4 Threats
4.3.4 Economic
4.3.4.1 Strength
4.3.4.2 Weakness
4.3.4.3 Opportunities
4.3.4.4 Threat
4.3.5 Porter's five forces analysis
4.3.6 Threat of new entrants: medium
4.3.7 Competitive rivalry: high
4.3.8 Bargaining power of buyers: moderate
4.3.9 Bargaining power of suppliers: low
4.3.10 Threat of substitutes: moderate
Chapter 5 Regulatory Outlook
5.1 Regulatory And Political Forces
5.1.1 North America regulatory environment
5.1.1.1 U.S.
5.1.1.2 Regulatory procedures for different classes of medical devices in the u.s.:
5.1.1.3 Canada
5.1.2 Europe
5.1.2.1 U.K.
5.1.3 Asia Pacific
5.1.3.1 Japan
5.1.3.2 China
5.1.4 Latin America
5.1.5 MEA
Chapter 6 Application Business Analysis
6.1 Global Orthopedic Devices Market: Application Movement Analysis
6.1.1 Hip
6.1.2 Knee
6.1.3 Spine
6.1.4 Craniomaxillofacial (CMF)
6.1.5 Dental
6.1.6 Surgical, sports medical, extremities, and trauma (S.E.T.)
Chapter 7 Product Business Analysis
7.1 Global Orthopedic Devices Market: Product Movement Analysis
7.1.1 Accessories
7.1.1.2 Braces
7.1.1.3 Others
7.1.2 Surgical Devices
7.1.2.2 Drill guide
7.1.2.3 Guide Tubes
7.1.2.4 Implant holders
7.1.2.5 Custom clamps
7.1.2.6 Distractors
7.1.2.7 Screw drivers
7.1.2.8 Implants
Chapter 8 Regional Business Analysis
8.1 Global Orthopedic Devices Market: Regional Movement Analysis
Chapter 9 Company Profiles
- Medtronic
- Stryker Corporation
- Zimmer Biomet
- Depuy Synthes
- Smith And Nephew
- Aesculap Implant Systems, LLC
- Conmed Corporation
- DJO Global
- Nuvasive, Inc.
For more information about this report visit https://www.researchandmarkets.com/research/ws4n6j/global_orthopedic?w=12
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