Orthopedic Devices Market

Global Orthopedic Devices Market Trends, Analysis, And
Forecast To 2025
An orthopedic implant is a medical device utilized over a missing bone or joint to provide support to the
damaged bone. Stainless steel and titanium alloys are used for the strength of devices and a plastic coating
acts as an artificial cartilage.
Scope of the Report:
Increasing prevalence of osteoporosis, growing geriatric population base with developing technological
advancements are expected to major drivers behind the industry growth over the forecast period. Increasing
efficiency of devices and persistent innovation in the design of equipment, growing prevalence of diabetes
and obesity and rising trend of alcohol consumption and smoking are projected to propel the market growth
over the forecast period. Novel designs for customized implants based on individual patient’s needs,
various tracking devices and real time feedback providing smart implants with microprocessors are further
expected to create niche segment for these technologies. Furthermore, gene therapy, 3D printing, tissue
engineering, robot-assisted surgical procedures and smart implants have the efficiency to provide
preventive and not curative measures which is also anticipated to boost the development of cost-effective
devices in the industry.
Demand for various orthopedic implants and devices are expected to increase owing to increasing base of
ageing population suffering from various bone disorders. Since, a sizeable chunk of the population is over
sixty years of age and as per WHO, population of this age group is expected to reach 2 billion by 2050.
Additionally, increasing incidence of orthopedic surgery relatively aware consumers is also driving the
growth of the global orthopedic devices market.
Furthermore, new innovation in the field of osteology is also projected to boost the market growth for the
development of cost-effective devices. Increasing incidences of sports injuries and road accidents and the
growing demand for minimally invasive surgical procedures is anticipated to positively impact the global
industry revenue. However, low affordability of expensive surgeries, steep implant costs and dearth of
skilled professionals are constraining the orthopedic market growth. Additionally, less expenditure on
healthcare in developing countries and obscure reimbursement policies will also hamper the adoption of
advanced orthopedic devices over the coming years.

Get Sample report @: https://www.xpodenceresearch.com/Request-Sample/105895
Market Segments:
The orthopedic device market is segmented based on types and region. Based on types, the market is
bifurcated into upper extremity devices, lower extremity devices, spine orthopedic devices, arthroscopic
devices,orthobiologics and braces & support devices. Upper extremity devices are further segmented into
elbow radius, shoulder and others whereas lower extremity devices are divided into hip, knee, foot, ankle
and others. On the basis of spine orthopedic devices, the market is further segregated into artificial discs,
fixation screws, fixation nail/rod, fixation plates and fixation wires. Also, the orthobiologics segment is
distinguished into bone cement, bone graft substitute, bone growth factors and others. The spinal implants
type segment has also contributed a promising share in the market growth owing to increased effective
back treatment devices, rising incidences of back pain and increased demand of less invasive procedures
and non-fusion technologies by patients.
Obtain Report Details: https://www.xpodenceresearch.com/Reports/Orthopedic-Devices-Market
By Key Players:
Some of the notable players operating in orthopedic devices market space include DePuy Synthes,
Medtronic Spinal, Medacta, Zimmer Biomet, NuVasive, MicroPort Scientific Corporation (Wright Medical
Group), Smith & Nephew, Stryker, DJO Global, Globus Medical and ConforMIS.
By Regional Analysis:
On the basis of region, the market is segmented into North America, Europe, Asia Pacific, Middle East and
Africa and Latin America. The Asia Pacific region holds exemplary growth potential for orthopedic device
manufacturers, owing to high population number and around 50% of world’s geriatric population base. The
North American region follows the Asia Pacific market owing to increased geriatric population,
sophisticated R&D leading to novel orthopedic devices and technological advancements.
About Us
Xpodence Research has the most extensive collection of market research reports of many categories.
Xpodence Research provides the best market research solution for every industry by publishing the best
possible results of great market research firms worldwide. For every particular problem, there’s a particular
solution, so according to the customer needs, we provide the best possible results to them from different
market research organization, whether it’s a Custom Research or Syndicated Research reports because the
product that wins is the one that bridges customers to the future, not the one that requires a giant leap.
Every organization, whether it is related to Pharmaceuticals, Technology, Eatables, Consumable Goods and
many more demands a market research results so that they can take important decisions for more
productivity and better output in this swift world. Xpodence Research gives the best possible outcome,
perfect forecast, analysis and insights of market research in the form of report which is beneficial for

various organizations and also to the manufacturing companies in taking the best decisions for quality
production.
Contact Us
Xpodence Research
USA Office
244, Madison Avenue
New York City, NY - 10016
United States
Toll Free +1- 844-445-2861
Email : sales@xpodenceresearch.com