Global Orthopedic Devices Market Size, Share & Forecast Report 2023: Market To Reach $103.9 Billion By 2030 – Analysis By Drill Guides, Guide Tubes, And Implant Holder

Orthopedic Units Market

The “Global Orthopedic Devices Market Measurement, Share & Traits Evaluation Report by Product (Drill Guides, Information Tubes, Implant Holder), Finish-use (Hospitals, Outpatient Services), Area, and Phase Forecasts, 2024-2030″ report has been added to ResearchAndMarkets.com’s providing.

The worldwide orthopedic units market measurement is anticipated to succeed in USD 103.9 billion by 2030 and it’s projected to develop at a CAGR of 5.3% from 2024 – 2030.

Main elements driving the market development embrace excessive demand for orthopedic surgical procedures as a consequence of rising street accidents and prevalence of orthopedic illnesses. Rise in geriatric inhabitants susceptible to orthopedic circumstances primarily drives the worldwide demand for orthopedic options. Results of ageing, reminiscent of reducing bone density and weakening of bones as a consequence of extreme lack of bone mass, are outstanding in folks from 25 to 54 years of age and turns into extra noticeable after 55 years.

Excessive adoption of minimally invasive surgical procedures and an growing variety of sports activities and street visitors accidents are anticipated to gasoline development of the market throughout the forecast interval. Arthroscopy, minimally invasive complete joint alternative, and backbone surgical procedures are a number of the newly adopted minimally invasive surgical procedures.

Stringent procedures of regulatory approvals are anticipated to hinder market development over the forecast interval. As well as, excessive value of units and surgical procedures are another elements more likely to impede development.

COVID-19 pandemic had a big affect in the marketplace. Elective orthopedic surgical procedures had been postponed allocating sources for COVID-19 sufferers, resulting in diminished demand. Nonetheless, over time, the market tailored, specializing in an infection management, distant consultations, and tele-rehabilitation. This pandemic accelerated digital well being adoption, and implant supplies advanced for affected person security.

Furthermore, key gamers available in the market, reminiscent of NuVasive, Inc.; Medtronic plc; Stryker Company; Zimmer Biomet; and Smith+Nephew, amongst others, are participating in strategic initiatives reminiscent of partnerships, collaborations, new product launches, acquisitions, and expansions to strengthen their market place.

In January 2022, Smith+Nephew acquired Interact Surgical, which is concerned in manufacturing cementless knee techniques within the U.S. This acquisition is anticipated to boost firm’s place in meniscal tear options and different knee arthroscopy units.

Orthopedic Units Market Report Highlights

  • Based mostly on merchandise, orthopedic implants section held the bulk share of the market in 2023, with a income of USD 37.1 billion owing to quickly rising variety of knee surgical procedures, hip alternative surgical procedures, and spinal implant surgical procedures
  • Based mostly on end-use, hospitals section held the bulk market share in 2023, with a income of USD 42.6 billion. This may be attributed to vital infrastructure developments and availability of world-class therapy options
  • North America captured the most important market share of 46.2% in 2022 owing to the presence of a lot of main market gamers and excessive adoption of superior applied sciences are the foremost driving elements
  • Asia-Pacific is anticipated to witness the quickest CAGR of seven.7% over the forecast interval. Presence of a largely untapped market and supportive authorities laws are anticipated to gasoline the market development on this area.

Aggressive Panorama

  • NuVasive, Inc
  • Medtronic
  • Stryker
  • Zimmer Biomet
  • Smith+Nephew
  • Aesculap Implant Programs, LLC (B.Braun)
  • CONMED Company.
  • DePuy Synthes (Johnson & Johnson)
  • Enovis (DJO, LLC).

Key Subjects Lined:

Chapter 1. Analysis Methodology and Scope

Chapter 2. Government Abstract

2.1 Market Outlook
2.2 Phase Outlook
2.3 Regional Insights
2.4 Aggressive Insights
2.5 Orthopedic Units Market Snapshot
2.6 Orthopedic Units Market Phase Snapshot
2.7 Orthopedic Units Market Aggressive Panorama Snapshot

3.1 Ancillary Market Outlook
3.2 Market Dynamics
3.3 Market Driver Evaluation
3.3.1 Rising inhabitants aged 25 to 65 years and growing burden of world geriatric inhabitants
3.3.2 Growing adoption of minimally invasive therapies
3.3.3 Growing variety of sports activities accidents and street visitors accidents
3.3.4 Growing reimbursement protection
3.4 Market Restraint Evaluation
3.4.1 Stringent regulatory framework
3.4.2 Growing variety of product recollects
3.4.3 Availability of different therapies
3.5 Orthopedic Units Market Evaluation Instruments
3.5.1 Business evaluation – PORTER’S
3.5.2 Business Evaluation – PEST
3.6 Orthopedic Units Market: Expertise Development Evaluation
3.7 Orthopedic Units Market: Product Pipeline Evaluation
3.8 Orthopedic Illness Prevalence
3.8.1 North America
3.8.2 Europe
3.8.3 Asia-Pacific
3.8.4 Latin America
3.8.5 MEA
3.9 Impression of COVID-19 Pandemic on Orthopedic Units Market
3.9.1 Present affect evaluation
3.9.2 Future affect evaluation
3.9.3 Impression on market gamers

Chapter 4. Orthopedic Units Regulatory Framework

4.1 Regulatory Forces

Chapter 5. Orthopedic Units Market: Product Estimates & Development Evaluation

5.1 Phase Dashboard
5.2 Orthopedic Units Market: Product Motion Evaluation, USD Million, 2022 & 2030
5.3 Drill Guides
5.3.1 Drill guides market income estimates and forecasts, 2018-2030 (USD Billion)
5.4 Information Tubes
5.5 Implant Holder
5.6 Customized Clamps
5.7 Distractor
5.8 Screw Drivers
5.9 Equipment
5.9.1 Equipment market income estimates and forecasts, 2018-2030 (USD Billion)
5.9.1.1 Braces market income estimates and forecasts, 2018-2030 (USD Billion)
5.9.1.2 Different Equipment market income estimates and forecasts, 2018-2030 (USD Billion)
5.10 Orthopedic Implants
5.10.1 Decrease extremity implants
5.10.1.1 Hip implants market income estimates and forecasts, 2018-2030 (USD Billion)
5.10.1.2 Knee implants market income estimates and forecasts, 2018-2030 (USD Billion)
5.10.1.3 Foot and ankle implants market income estimates and forecasts, 2018-2030 (USD Million)
5.10.2 Higher extremity implants
5.10.2.1 Shoulder implants market income estimates and forecasts, 2018-2030 (USD Million)
5.10.2.2 Elbow implants market income estimates and forecasts, 2018-2030 (USD Million)
5.10.2.3 Hand & Wrist implants market income estimates and forecasts, 2018-2030 (USD Million)
5.10.3 Spinal implants
5.10.3.1 Spinal Fusion implants market income estimates and forecasts, 2018-2030 (USD Billion)
5.10.3.2 Spinal Non-Fusion implants market income estimates and forecasts, 2018-2030 (USD Billion)
5.10.4 Dental implants
5.10.4.1 Dental implants market income estimates and forecasts, 2018-2030 (USD Billion)
5.10.4.2 Craniomaxillofacial implants market income estimates and forecasts, 2018-2030 (USD Billion)
5.11 Different Orthopedic Units
5.11.1 Different orthopedic units market income estimates and forecasts, 2018-2030 (USD Billion)

Chapter 6. Orthopedic Units Market: Finish-use Estimates & Development Evaluation

6.1 Phase Dashboard
6.2 Orthopedic Units Market: Finish Use Motion Evaluation, USD Million, 2022 & 2030
6.3 Hospitals
6.4 Out Affected person Services

Chapter 7. Orthopedic Units Market: Regional Estimates & Development Evaluation By Product and By Finish-use

7.1 Orthopedic Units Market Share, By Area, 2022 & 2030, USD Billion

Chapter 8. Aggressive Panorama

8.1 Firm Categorization
8.2 Firm Overview
8.3 Monetary Efficiency
8.4 Product Benchmarking
8.5 Firm Warmth Map Evaluation
8.6 Technique Mapping
8.6.1 Growth
8.6.2 Partnership
8.6.3 Acquisition
8.6.4 Product/Service launch
8.6.5 Others
8.7 Participant Categorization
8.7.1 Checklist of key rising corporations/expertise disruptors/innovators
8.7.2 Checklist of personal and different corporations

For extra details about this report go to https://www.researchandmarkets.com/r/dbummb

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