Orthopedic Devices Market to Surpass a Valuation of US$ 56.23 billion by 2027
The global Orthopedic Devices Market is expected to hit USD 56.23 bn by 2027 and the market is to expand at 2.87% CAGR from 2020 to 2027.
A new study on the global Orthopedic Devices market has been published by Precedence Research. It presents a wealth of information on key market dynamics, including the drivers, market trends, and challenges, as well as the structure of the global Orthopedic Devices market. The study offers valuable information about the global Orthopedic Devices market to illustrate how the market would grow during the forecast period 2020-2027. The report provides the value and volume of the global Orthopedic Devices market for the period 2020–2027, considering 2019 as the base year and 2027 as the forecast year. The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments and sub-segments included in the scope of the study.
Key indicators of market growth, which include value chain as well as supply chain analyses, and Compound Annual Growth Rate (CAGR), are elucidated in the study in a comprehensive manner. This data can help readers interpret quantitative growth aspects of the global Orthopedic Devices market during the forecast period.
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An extensive analysis on business strategies of leading market players is also featured in study on the global Orthopedic Devices market. This can help readers understand principal factors to foresee growth in the global Orthopedic Devices market. In this study, readers can also find specific data on the qualitative and quantitative growth avenues for the global market, which is expected to guide market players in making apt decisions in the future.
The report also delves into the competition landscape of the global Orthopedic Devices market. Key players operating in the global market have been identified, and each one of these has been profiled for their distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players profiled in the global market report.
Some of the prominent players in the Orthopedic Devices market include:
- Medacta
- DePuySynthes
- Smith & Nephew
- Stryker
- Medtronic
- Zimmer Biomet
- MicroPort Scientific Corporation (Wright Medical Group)
- DJO Global
- ConforMIS
- NuVasive
- Globus Medical
Key Questions Answered in Orthopedic Devices Market Study
– What will be the CAGR of the global Orthopedic Devices market between 2016 and 2027?
– What is the future scope and changing trends in technologies in the global Orthopedic Devices market?
– Which factors will impede the growth of the global Orthopedic Devices market during the forecast period?
– Which are the leading companies in the global Orthopedic Devices market?
– Which region is set to expand at the fastest CAGR during the forecast period?
– Which segment will have the highest revenue globally in 2027 and which segment will expand at the fastest CAGR during the forecast period?
– What are the key factors influencing the Orthopedic Devices market in each region?
– Which are the leading companies in the global Orthopedic Devices market?
– Which factors will impede the growth of the global Orthopedic Devices market during the forecast period?
– What is the volume (Units) of different Orthopedic Devices across all regions during the forecast period?
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Research Methodology
A unique research methodology has been utilized by precedence research to conduct a comprehensive research on the growth of the global Orthopedic Devices market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions.
Secondary sources referred to by analysts during the production of the global Orthopedic Devices market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of our study on the market as a primary source.
These primary and secondary sources provided exclusive information during interviews, which serves as a validation from Orthopedic Devices industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped in making precedence research estimates on the future prospects of the global market more reliable and accurate.
Segments Covered in the Report
By Product Type
- Joint Reconstruction
- Knee Replacement
- Revision Knee Replacement Implants
- Total Knee Replacement Implant
- Partial Knee Replacement Implant
- Elbow & Shoulder Replacement
- Hip Replacement
- Hip Resurfacing Implant
- Total Hip Replacement Implant
- Partial Hip Replacement Implant
- Revision Hip Replacement Implant
- Others
- Knee Replacement
- Orthopedic Prosthetics
- Upper Extremity Orthopedic Prosthetics
- Lower Extremity Orthopedic Prosthetics
- Spinal Devices
- Spinal Non-fusion Devices
- Spinal Fusion Devices
- Trauma Fixation
- Nails and Rods
- Metal Plates & Screws
- Pins/Wires
- Others
- Arthroscopy Devices
- Orthopedic Accessories
- Removal systems
- Bone cement
- Casting system
- Orthopedic Braces and Supports
- Upper Extremity Braces and Supports
- Low Extremity Braces and Supports
- Others
By End-user
- Ambulatory Surgical Centers
- Hospitals
- Orthopedic Clinics
- Others
By Regional Outlook
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- South Korea
- Middle East & Africa
- Latin America
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