Orthopedics Devices Market Key Players, Trends, Growth Opportunities and Industry Forecast till 2028
“Rapid surge in the market is credited to the higher occurrence of orthopedic conditions such as degenerative bone disease and growing geriatric population across the globe. Rise in the number of road accidents worldwide is the major factor fostering the demand of orthopedics devices over the coming years.�
The global orthopedics devices market is expected to display higher growth rate in the upcoming years. Rapid surge in the market is credited to the higher occurrence of orthopedic conditions such as degenerative bone disease and growing geriatric population across the globe. Rise in the number of road accidents worldwide is the major factor fostering the demand of orthopedics devices over the coming years. Globally, orthopedics devices market is predicted to generate massive revenue over the forecast period, providing numerous opportunities for industry participants to invest in research and development of orthopedics devices. In addition, high prevalence of musculoskeletal conditions that can lead to obesity and sedentary lifestyle is expected to drive the growth of orthopedics device market over the forecast period. Geriatric population is more prone towards orthopedic conditions such as degenerative bone disease, thereby driving demand for orthopedics devices in the market. The recent technological advancement in the healthcare sector and development of novel products such as aesthetically appealing miniature devices coupled with growing patient pool in both developed and developing economies across the globe are expected to drive market growth in the upcoming years. Increasing number of collaborative research initiatives and new product developments undertaken by leading industry participants is predicted to offer lucrative growth opportunities in the near future. Development of advanced techniques in degenerative bone disease diagnostics is forecasted to steer industry expansion in the upcoming years. Favorable government policies and rise in the number of promotional activities by private players are expected to drive market growth over the forecast period.