Orthopedic Devices Market Global Growth, Trends, And Forecast -2023
Orthopedic Devices Market By -Segmented By Product Type, Application, And Region - Global Growth, Trends, And Forecast -2023
(EMAILWIRE.COM, November 19, 2018 ) Market Overview
Global Orthopedic Devices Market worth USD 42.3 Billion in 2018 and it is expected to reach USD 54.3 Billion by 2023 with 5.12% CAGR. Orthopedic devices are meant to stabilize the body posture, treat the deformities and restore the normal skeletal function either by replacement or reinforcing the damaged part. The global medical science devices market has evolved from typical surgical procedures to the employment of contemporary prosthetic and fixation devices.
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Factors affecting market growth:
Increasing number of road accidents (+)
High prevalence of orthopedic conditions (+)
Technological innovations (+)
Rising old age population and increased prevalence of obesity (+)
Costly procedures and equipment (-)
Unfavorable economic conditions (-)
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Market Segmentation
Global Orthopedic Devices Market is geographically segmented into
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
North America accounted for the largest share in the global Orthopedic Devices market in 2015, with the United States spending nearly 20% of its GDP on health. Europe is the second largest market and is boosted by the rising demand for infusion pumps and drug-eluding stents. However, the Asia-Pacific region is projected to grow at the highest CAGR during the forecast period due to reasons such as growing geriatric populace and rising frequency of obesity and bone-related ailments.
Browse full Table of Contents: https://www.marketdataforecast.com/market-reports/global-orthopedic-devices-market-1461/
Key players:
Major players in this market are Medtronic, Stryker, Zimmer Inc., DePuy, Synthes, Smith & Nephew, and Biome, DJO Global, Arthrex, Nuvasive.
Contact Info:
Name: Mr. Abhishek Shukla
Email: abhishek@marketdataforecast.com
Organization: MarketDataForecast™
Address: 2nd Floor, Above ICICI Bank, B-44, Rd Number 3, Journalist Colony, Film Nagar, Hyderabad, Telangana 500033, India.
Phone: +1-888-702-9626
Global Orthopedic Devices Market worth USD 42.3 Billion in 2018 and it is expected to reach USD 54.3 Billion by 2023 with 5.12% CAGR. Orthopedic devices are meant to stabilize the body posture, treat the deformities and restore the normal skeletal function either by replacement or reinforcing the damaged part. The global medical science devices market has evolved from typical surgical procedures to the employment of contemporary prosthetic and fixation devices.
Request Report Sample: https://www.marketdataforecast.com/market-reports/global-orthopedic-devices-market-1461/request-sample
Factors affecting market growth:
Increasing number of road accidents (+)
High prevalence of orthopedic conditions (+)
Technological innovations (+)
Rising old age population and increased prevalence of obesity (+)
Costly procedures and equipment (-)
Unfavorable economic conditions (-)
Get your customized report: https://www.marketdataforecast.com/market-reports/global-orthopedic-devices-market-1461/customize-report
Market Segmentation
Global Orthopedic Devices Market is geographically segmented into
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
North America accounted for the largest share in the global Orthopedic Devices market in 2015, with the United States spending nearly 20% of its GDP on health. Europe is the second largest market and is boosted by the rising demand for infusion pumps and drug-eluding stents. However, the Asia-Pacific region is projected to grow at the highest CAGR during the forecast period due to reasons such as growing geriatric populace and rising frequency of obesity and bone-related ailments.
Browse full Table of Contents: https://www.marketdataforecast.com/market-reports/global-orthopedic-devices-market-1461/
Key players:
Major players in this market are Medtronic, Stryker, Zimmer Inc., DePuy, Synthes, Smith & Nephew, and Biome, DJO Global, Arthrex, Nuvasive.
Contact Info:
Name: Mr. Abhishek Shukla
Email: abhishek@marketdataforecast.com
Organization: MarketDataForecast™
Address: 2nd Floor, Above ICICI Bank, B-44, Rd Number 3, Journalist Colony, Film Nagar, Hyderabad, Telangana 500033, India.
Phone: +1-888-702-9626
Contact Information:
Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
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Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results