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Single User License: Orthopedic Prosthetics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023
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REPORT DESCRIPTION
Transparency Market Research Reports incorporated a definite business overview and investigation inclines on "Orthopedic Prosthetics Market". This report likewise incorporates more illumination about fundamental review of the business including definitions, requisitions and worldwide business sector industry structure. Orthopedic prosthetics is related to the identification, manufacturing and fitting artificial custom made limbs in the patient to replace missing part of the limb lost through trauma, disease, or congenital conditions. These custom fabricated orthoses and limbs require very high strength with weight as low as possible, therefore these are made up of very specialized materials such as carbon fiber, kevlar and titanium. This allows restricted movement of the artificial limb along with control over it and reduction in pain. The very advanced CAD/CAM technology is developed to manufacture these products as per individual requirements. Browse Full Report with TOC: http://www.transparencymarketresearch.com/orthopedic-prosthetics-market.html The increasing number of old age population and growing trauma cases all over the world are creating the high rise in demand for orthopedic prosthetic products. According to World Health Organization (WHO) report, as many as 50 million are injured every year due to road crashes leading to severe injury to body parts and sometimes resulting in loosing body parts such as limbs whereas this figure will increase by 65% in next 20 years. Out of total number of death in road accidents, 91% are from poor or developing countries. At the same time increasing old age population is also one of the reasons of growing demand of these products. All these facts represents the massive demand for the orthopedic prosthetic products globally and the increasing trend of the requirement in coming future. The technological advancements in orthopedic prosthetics in terms of better fixation, wear-resistant material and cement less design along with this suitable reimbursement circumstances and increasing number of trained healthcare professionals are driving the growth of the market. On the other hand high cost involved and limited reach of these facilities in developing countries may hinder the growth of the market. In last couple of years, various companies have done technical improvement in the orthopedic prosthetics products such as robotic prostheses consist of biosensors; these sensors detect signals from the user’s nervous or muscular systems and acts accordingly. Recently FDA has approved robotic prosthesis which is controlled by muscle contractions and nerve impulses developed by DEKA Integrated Solutions.
Orthopedic prosthetics market can be segmented according to different categories such as regional geography, types of applications and location where prosthesis is done. Geographically, this market can be segmented in four regions namely North American, Europe, Asia-Pacific and Rest of the World, out of all these segments North America region have highest contribution in terms of value because of more awareness and higher percentage of total income spent on healthcare compared to other economies. Followed by this, Europe, Asia-Pacific and Rest of the World respectively are major segments of the market. However the growth of the market may be significant in emerging economies in Asia and Africa considering increasing awareness and high population. The market can also be segmented according to technologies such as body powered arms, myoelectrics and robotic prostheses. Along with this, market can be categorized in lower extremities prosthesis and upper extremities prosthesis out of which lower extremities prosthesis contributes major share of total market. Currently various established companies in medical devices and surgical instrument market are catering varied range of products in orthopedic prosthetics market out of which companies such as DePuy, Inc., Biomet Inc., Smith and Nephew plc, Stryker Corp., Zimmer Holdings Inc. are leading contributors this market. Read More Reports on Medical Device Markets: http://www.transparencymarketresearch.com/medical-devices-marketreports-6.html This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
North America
Asia Pacific
Europe
Rest of the World
This report provides comprehensive analysis of
Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis. Reasons for Buying this Report
This report provides pin-point analysis for changing competitive dynamics
It provides a forward looking perspective on different factors driving or restraining market growth
It provides a six-year forecast assessed on the basis of how the market is predicted to grow
It helps in understanding the key product segments and their future
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
It provides distinctive graphics and exemplified SWOT analysis of major market segments
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