Orthopedic Devices Market Advanced Technology, Future Opportunities And Forecast To 2026 | Grand View Research, Inc
“The global orthopedic devices market size was valued at USD 36.1 billion in 2017. It is anticipated to expand at a CAGR of 3.1% over the forecast period .�
The global orthopedic device market size is expected to reach USD 47.7 billion by 2026, according to the study performed by Grand View Research, Inc. 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.
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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; ZimmerBiomet Holdings; DePuy Synthes; Stryker; Aesculap Implant Systems, LLC; Donjoy, Inc.; and Conmed Corporation.
Grand View Research has segmented the global orthopedic devices market on the basis of application, product, and region: Orthopedic Devices Application Outlook (Revenue, USD Million, 2014 - 2026) Hip
Knee
Spine
Cranio-Maxillofacial (CMF)
Dental
Sports Injuries, Extremities and Trauma (SET)
Orthopedic Devices Product Outlook (Revenue, USD Million, 2014 - 2026) Accessories
o
Braces
o
Consumables
o
Others
Surgical Devices
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o
Drill Guide
o
Guide Tubes
o
Implant Holder
o
Custom Clamps
o
Distracters
o
Screw Drivers
o
Others
Orthopedic Devices Regional Outlook (Revenue, USD Million, 2014 - 2026) North America
o
U.S.
o
Canada
Europe o
U.K.
o
Germany
Asia Pacific o
Japan
o
China
Latin America o
Brazil
o
Mexico
Middle East & Africa o
South Africa
Browse Related Category Reports @ www.grandviewresearch.com/industry/medical-devices Table of Content of Orthopedic Devices Market 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
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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
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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 6.1.1.1 Hip market estimates and forecast, 2014 - 2026 6.1.2 Knee 6.1.2.1 Knee market estimates and forecast, 2014 - 2026 6.1.3 Spine 6.1.3.1 Spine market estimates and forecast, 2014 - 2026 6.1.4 Craniomaxillofacial (CMF) 6.1.4.1 Craniomaxillofacial (CMF) market estimates and forecast, 2014 - 2026 6.1.5 Dental 6.1.5.1 Dental market estimates and forecast, 2014 - 2026 6.1.6 Surgical, sports medical, extremities, and trauma (S.E.T.) 6.1.6.1 SET market estimates and forecast, 2014 - 2026 Chapter 7 Product Business Analysis 7.1 Global Orthopedic Devices Market: Product Movement Analysis 7.1.1 Accessories 7.1.1.1 Accessories market estimates and forecast, 2014 - 2026 7.1.1.2 Braces 7.1.1.2.1 Braces market estimates and forecast, 2014 - 2026 7.1.1.3 Others 7.1.1.3.1 Others market estimates and forecast, 2014 - 2026 7.1.2 Surgical Devices 7.1.2.1 Surgical devices market estimates and forecast, 2014 - 2026 7.1.2.2 Drill guide
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7.1.2.2.1 Drill guide market estimates and forecast, 2014 - 2026 7.1.2.3 Guide Tubes 7.1.2.3.1 Guide tubes market estimates and forecast, 2014 - 2026 7.1.2.4 Implant holders 7.1.2.4.1 Implant holders market estimates and forecast, 2014 - 2026 7.1.2.5 Custom clamps 7.1.2.5.1 Custom clamps market estimates and forecast, 2014 - 2026 7.1.2.6 Distractors 7.1.2.6.1 Distractors market estimates and forecast, 2014 - 2026 7.1.2.7 Screw drivers 7.1.2.7.1 Screw drivers market estimates and forecast, 2014 - 2026 7.1.2.8 Implants 7.1.2.8.1 Implants market estimates and forecast, 2014 - 2026 Chapter 8 Regional Business Analysis 8.1 Global Orthopedic Devices Market: Regional Movement Analysis 8.2 North America 8.2.1 North America market estimates and forecast, by application, 2014 - 2026 8.2.2 North America market estimates and forecast, by product, 2014 - 2026 8.2.3 U.S. 8.2.3.1 U.S. market estimates and forecast, by application, 2014 - 2026 8.2.3.2 U.S. market estimates and forecast, by product, 2014 - 2026 8.2.4 Canada 8.2.4.1 Canada market estimates and forecast, by application, 2014 - 2026 8.2.4.2 Canada market estimates and forecast, by product, 2014 - 2026 8.3 Europe 8.3.1 Europe market estimates and forecast, by application, 2014 - 2026 8.3.2 Europe market estimates and forecast, by product, 2014 - 2026 8.3.3 Germany 8.3.3.1 Germany market estimates and forecast, by application, 2014 - 2026 8.3.3.2 Germany market estimates and forecast, by product, 2014 - 2026 8.3.4 U.K. 8.3.4.1 U.K. Market Estimates And Forecast, by application, 2014 - 2026
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8.3.4.2 U.K. Market Estimates And Forecast, by product, 2014 - 2026 8.4 Asia-Pacific 8.4.1 Asia-Pacific market estimates and forecast, by application, 2014 - 2026 8.4.2 Asia-Pacific market estimates and forecast, by product, 2014 - 2026 8.4.3 Japan 8.4.3.1 Japan market estimates and forecast, by application, 2014 - 2026 8.4.3.2 Japan market estimates and forecast, by product, 2014 - 2026 8.4.4 China 8.4.4.1 China market estimates and forecast, by application, 2014 - 2026 8.4.4.2 China market estimates and forecast, by product, 2014 - 2026 8.5 Latin-America 8.5.1 Latin America market estimates and forecast, by application, 2014 - 2026 8.5.2 Latin America market estimates and forecast, by product, 2014 - 2026 8.5.3 Brazil 8.5.3.1 Brazil market estimates and forecast, by application, 2014 - 2026 8.5.3.2 Brazil market estimates and forecast, by product, 2014 - 2026 8.5.4 Mexico 8.5.4.1 Mexico market estimates and forecast, by application, 2014 - 2026 8.5.4.2 Mexico market estimates and forecast, by product, 2014 - 2026 8.6 Middle East & Africa 8.6.1 MEA market estimates and forecast, by application, 2014 - 2026 8.6.2 MEA market estimates and forecast, by product, 2014 - 2026 8.6.3 South Africa 8.6.3.1 South Africa market estimates and forecast, by application, 2014 - 2026 8.6.3.2 South Africa market estimates and forecast, by product, 2014 - 2026 Chapter 9 Company Profile 9.1 Medtronic 9.1.1 Company overview 9.1.2 Financial performance 9.1.3 Product benchmarking 9.1.4 Strategic initiatives 9.2 Stryker Corporation
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9.2.1 Company overview 9.2.2 Financial performance 9.2.3 Product benchmarking 9.2.4 Strategic initiatives 9.3 Zimmer Biomet 9.3.1 Company overview 9.3.2 Financial performance 9.3.3 Product benchmarking 9.3.4 Strategic initiatives 9.4 Depuy Synthes 9.4.1 Company overview 9.4.2 Financial performance 9.4.3 Product benchmarking 9.4.4 Strategic initiatives 9.5 Smith And Nephew 9.5.1 Company overview 9.5.2 Financial performance 9.5.3 Product benchmarking 9.5.4 Strategic initiatives 9.6 Aesculap Implant Systems, LLC 9.6.1 Company overview 9.6.2 Product benchmarking 9.7 Conmed Corporation 9.7.1 Company overview 9.7.2 Financial performance 9.7.3 Product benchmarking 9.7.4 Strategic initiatives 9.8 DJO Global 9.8.1 Company overview 9.8.2 Financial performance 9.8.3 Product benchmarking 9.8.4 Strategic initiatives
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9.9 Nuvasive, Inc. 9.9.1 Company overview 9.9.2 Financial performance 9.9.3 Product benchmarking 9.9.4 Strategic initiatives
About Us: Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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