According to the recent study the global Orthopedic Device Market is projected to reach an estimated $79 billion by 2030 from $63 billion in 2023 at a CAGR of 3% from 2023 to 2030. Growth in this market is primarily driven by increasing aging population, increasing adoption of advancements in medical technologies, and growing healthcare expenditure and awareness.
A more than 150-page report
to understand trends, opportunities and forecast in orthopedic device market by
device type (orthopedic reconstruction (hip, knee, shoulder, and others),
spinal devices, trauma fixation devices, craniomaxillofacial devices, dental
implants, soft tissue repair, braces and accessories, Orthbiologics, and
others) and region (North America, Europe, Asia Pacific (APAC), and the Rest of
the World (ROW).
“Trauma fixation device market is expected to remain the largest
segment during the forecast period.”
Based on device type,
the orthopedic device market is segmented into orthopedic reconstruction (hip,
knee, shoulder, and others), spinal devices, trauma fixation devices,
craniomaxillofacial devices, dental implants, soft tissue repair, braces and
accessories, Orthbiologics, and others. Lucintel forecasts that the trauma
fixation device market is expected to remain the largest segment due to
increasing geriatric population, the rising prevalence of osteoporosis and
osteoarthritis, and the increasing incidence of road accidents.
“Asia pacific will dominate the orthopedic device market in near
future.”
APAC is expected to
witness the highest growth rate over the forecast period due to increasing road
accidents, advancement in treatment technologies, and increasing awareness of
healthcare options.
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Orthopedic Device
Market.
DePuy Synthes, Zimmer
Biomet Holding Inc., Stryker Corporation, Smith and Nephew PLC, Medtronic are
the major supplier in the orthopedic device market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
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About Lucintel
At Lucintel, we offer solutions for
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and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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