(Health-NewsWire.Net, April 12, 2017 ) According to the report Global Orthopaedic Devices Market, published by Market Data Forecast, the global market is projected to reach USD $49.14 billion by 2021, at a CAGR of 5.12% from 2016 to 2021.
In order to acquire a biocompatible tool, several properties of musco-skeletal tissues such as tendon, bone, ligament, and cartilage need to be properly comprehended. The materials utilized in the devices must be compatible with the body in order to prevent rejection. This data helps us in creating materials and plans that are explicitly custom-made for each type of tissue defect.
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The knee segment is the largest segment, by Anatomical location, whereas the rise in geriatric populace, increase in frequency of hip fractures, and mounting demand for hip replacement, hip segment is projected to be the fastest growing segment. This is due to various factors such as rise in surgeries.
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The growth of the Global Orthopaedic Devices Market is mainly driven by factors such as rise in geriatric population, growing frequency of osteoarthritis and osteoporosis, and rise in sports injuries and road accidents. However, factors such as costly procedures & equipment, recurrent product recalls, and unfavourable economic conditions are hindering the growth of the market.
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For granular level understanding the Orthopaedic Devices Market is segmented based on the following categories with Market Size Estimations and Y-o-Y Forecasts presented for each sub-segment. Based on Anatomical location:
Knee Shoulder Foot and Ankle Hip Spine Elbow Craniomaxillofacial Others Based on Consumables: Orthopaedic staples Orthopaedic suture anchors
Based on geography, the report contains a wide array of countries covering all around the globe. After North America, Europe is the second largest market and is boosted by the rising demand for infusion pumps and drug-eluding stents. China, Japan, India, Brazil and Argentina are identified as the predominant markets for Orthopaedic Devices. For more of regional analysis check out the following reports.
North America Orthopaedic Devices Market Europe Orthopaedic Devices Market Asia-Pacific Orthopaedic Devices Market Latin America Orthopaedic Devices Market Middle East and Africa Orthopaedic Devices Market
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The major companies operating in the global Orthopaedic Devices market are Medtronic, Stryker, Zimmer Inc., DePuy, Synthes, Smith & Nephew, and Biomet. The largest player in the orthopaedic market is DePuy Synthes (with a market share of 20%), but Zimmer Biomet (15%) and Stryker (13%) are not far behind in terms of market share.
The Orthopaedic Devices Market study offers the following deliverables:
Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is blooming Segment-level analysis on basis of anatomical location, consumables along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics Study of macro and micro environmental factors that affect the global market presented in an extensive strategic analyses section containing PESTLE and Porters Five Forces Analyses A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview to study and sustain the market environment Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
Checkout other related studies in the Devices Segment:
Cardiac Assist Devices Market: http://www.marketdataforecast.com/market-reports/global-cardiac-assist-devices-market-25/
Cardiovascular Monitoring & Diagnostic Devices Market: http://www.marketdataforecast.com/market-reports/global-cardiovascular-monitoring-and-diagnostic-devices-market-222/
Diabetes Care Devices Market: http://www.marketdataforecast.com/market-reports/global-diabetes-care-devices-market-96/ About Market Data Forecast: Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialities with competitive pricing options.
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