Orthopedic Devices Market Witnessing Steady Demand from Minimally Invasive Surgeries: TMR Study

News provided by

Nov 09, 2022, 05:30 ET

Growing burden of orthopedic injuries to propel product demand in orthopedic devices market; prevalence of orthopedic disorders especially in aging population underpins massive lucrative avenue for commercialization of products
Firms lean on unveiling custom-made computer-aided-designs in order to capture competitive value; companies collaborate to leverage 3D-bioprinting and tissue engineering technologies

WILMINGTON, Del., Nov. 9, 2022 /PRNewswire/ -- Key orthopedic devices manufacturers are meticulously evaluating safety and performance of their products to reduce the chances of product recalls that have significantly impacted the bottom-line growth. New technologies that guide implant placement play pivotal role in improving the clinical benefits of new-age devices, noted a global analysis of orthopedic devices market. Of note, computer-aided fixation of implants has increasingly enriched the orthopedic devices market size, which is projected to expand at a CAGR of 4.3% from 2019 to 2027.

Recent orthopedic device market trends suggest that custom-made computer-aided-designs will open up new value propositions for firms to gain orthopedic device market shares. Stridently, 3D bioprinting is gathering use in orthopaedic applications such as for 3D-printed customised prosthetics and implants, as orthopedic device market trends underscored.

Get Exclusive PDF Sample Copy of Orthopedic Devices Market – https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1781

Key Findings of Orthopedic Devices Market Study

Widespread Demand from Orthopedic Injuries and Disorders Steer Revenue Growth: Rising demand from treating a wide range of orthopedic injuries and disorders underpins enormous lucrative avenues in the market. Rising number of accidental injuries owing to sports is boost the market prospects. Burden of orthopedic injuries is high particularly due to fractures in countries where participation in adventure sports, thereby bolstering the revenue potential. Rise in number of elderly patients with osteoarthritis is also fueling promising growth opportunities for firms in the global orthopedic devices market.
Custom Implants Present Tremendous Growth Opportunities: The increased trend of patient-customised treatment for a spectrum of orthopedic disorders will expand the horizon for market players. Advancements in implant planning software notably the application of computer-aided manufacturing technologies have unlocked incredible prospects for players in the market. Medtech companies in are keen on capturing sustainable value from the growing demand for designing and printing customized orthopedic implants. Adoption of novel 3D modeling technology is poised to generate promising growth opportunities for companies in the global orthopedic devices market.

Key Market Drivers

A rapidly aging population in several countries has led to increased risks of various forms of orthopedic disorders particularly osteoarthritis and rheumatoid arthritis. Burden of these have significantly arisen and has subsequently fueled R&D funding in the development of smart orthopedic devices.
Rising incidence of orthopedic injuries notably hip fractures has spurred the number of hospital visits, and thus has fueled the demand for orthopedic devices. Of note, emergency visits to hospitals due to traumatic accident injuries have also increased considerably over the years in some developed nations.

Ask for References – https://www.transparencymarketresearch.com/sample/sample.php?flag=ARF&rep_id=1781

Regional Growth Dynamics

North America held a major share of the global orthopedic devices market in 2018, and had been estimated to be highly lucrative region. Prevalence of orthopedic disorders notably arthritis in the U.S. has created a large patient base. Rising demand for orthopedic surgeries for people who suffer from accidental injuries has also propelled the revenue streams in recent years. Rapid adoption of technologically advanced implants and use of advanced navigation technologies in orthopedic surgeries are invigorating the revenue streams for implant manufacturers.

Orthopedic Devices Market: Key Players

Top players are geared toward leveraging their core competencies to drive profitable growth. Many firms have entered into partnerships with new entrants to enrich their product pipeline, observed the TMR study authors.

Some of the key players in the orthopedic devices market are Medtronic plc, Smith & Nephew, Zimmer Biomet, DePuy Synthes, and Stryker Corporation.

Make an Enquiry Before Buying – https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=1781

Orthopedic Devices Market Segmentation

Product

Joint reconstruction
Spinal devices
Orthopedic braces and supports
Trauma fixation
Orthopedic accessories
Orthopedic prosthetics
Arthroscopy devices
Others

End-user

Hospitals
Orthopedic clinics
Ambulatory surgical centers
Others

Region

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Modernization of healthcare in terms of both infrastructure and services have pushed the healthcare industry to new heights, Stay Updated with Latest Healthcare Research Reports by Transparency Market Research:

Wheelchairs Market: The global wheelchairs market is anticipated to reach more than US$ 7.3 Bn by the end of 2031 at a CAGR of 6.3% from 2022 to 2031.

Hearing Aids Market: The global hearing aids market is anticipated to reach more than US$ 12.9 Bn by the end of 2031 at a CAGR of 5.2% from 2022 to 2031.

Orthopedic Implants Market: The global orthopedic implants market is anticipated to reach more than US$ 56.3 Bn by the end of 2031 at a CAGR of 5.0% from 2022 to 2031.

Non-invasive Brain Stimulation System Market: The global non-invasive brain stimulation system market is anticipated to reach more than US$ 1.04 Bn by the end of 2031 at a CAGR of 6.3% from 2022 to 2031.

Dental Consumables Market: The global dental consumables market is anticipated to reach more than US$ 49.8 Bn by the end of 2031 at a CAGR of 7.1% from 2022 to 2031.

Pediatric Home-use Medical Devices Market: The global pediatric home-use medical devices market is anticipated to reach more than US$ 4.27 Bn by the end of 2031 at a CAGR of 6.2% from 2022 to 2031.

Nurse Call Systems Market: The global nurse call systems market is anticipated to reach more than US$ 4.2 Bn by the end of 2031 at a CAGR of 9.8% from 2022 to 2031.

Diabetes Devices Market: The global diabetes devices market is anticipated to reach more than US$ 90.2 Bn by 2031 at a CAGR of 6.0% from 2022 to 2031.

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyse information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

For More Research Insights on Leading Industries, Visit Our YouTube Channel and hit subscribe for Future Update - https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ

Contact

Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: [email protected]