Global Orthopedic Extremity Devices Market, By Type (Upper Extremity Devices, Lower Extremity Devices, Spine Orthopedics Devices, Arthroscopic Devices, Orthobiologics, Braces and Support Devices), Application (Hip, Knee, Spine, Dental, Craniomaxillofacial, Sports Injuries, Extremities, Trauma), End-User (Hospitals, ASCs, Specialty Orthopedic Centers), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
The orthopedic extremity devices market is expected to witness market growth at a rate of 6.4% in the forecast period of 2021 to 2028. Data Bridge Market Research report on orthopedic extremity devices market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the prevalence of orthopedic diseases is escalating the growth of orthopedic extremity devices market.
Orthopedics refers to the field that focuses on the diseases and injuries of musculoskeletal system of the body including bones, ligaments, muscle, joints, nerves and tendons which assist the human body in movements. These are diagnosed operatively or non-operatively such as physical therapy, exercise, alternate therapies and medications among others or by surgical procedures by orthopedic surgeons who are the physicians who do practices on orthopedics. These devices are utilized to replace the missing joint or bone and to support the damage bone, generally made of stainless steel or titanium alloy with the purpose of providing strength. Plastic coatings are used as artificial cartilage.
The increase in life expectancy, acceptance of advanced healthcare facilities and the growing incidences of lifestyle related diseases, osteoporosis, sports injuries and various form of arthritis are the major factors driving the orthopedic extremity devices market. The increasing need for orthopedic surgical procedures, increase in demand for innovative and efficient implants such as metal, ceramic, poly and the inclination towards implants as they provide better and active lifestyle accelerate the orthopedic extremity devices market growth. The growing demand for surgical procedures such as shoulder replacements, minimally invasive procedures and revision surgeries to extend the longevity of implant, better and active lifestyle for patients and the surge in the rate of bone related diseases such as osteoarthritis, fractures, osteoporosis and avascular necrosis also influences the orthopedic extremity devices market. Additionally, increasing popularity of hip based lower extremities, growth in aging population, rising awareness among population, surge in healthcare expenditure and availability of advanced and fully automated orthopedic devices positively affect the orthopedic extremity devices market. Furthermore, advancement in the devices to enhance performance extends profitable opportunities to the orthopedic extremity devices market players in the forecast period of 2021 to 2028.
On the other hand, high cost associated with the devices and safety measures related to the use of metal implants are the major factors expected to obstruct the orthopedic extremity devices market growth. The healthcare professionals emphasizing on stem cell based treatments and tissue engineering over curative measures is projected to challenge the orthopedic extremity devices market in the forecast period of 2021 to 2028.
This orthopedic extremity devices market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on orthopedic extremity devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Orthopedic Extremity Devices Market Scope and Market Size
The orthopedic extremity devices market is segmented on the basis of type, application and end- user. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of type, the orthopedic extremity devices market is segmented into upper extremity devices, lower extremity devices, spine orthopedics devices, arthroscopic devices, orthobiologics and braces and support devices.
- On the basis of application, the orthopedic extremity devices market is segmented into hip, knee, spine, dental, craniomaxillofacial, sports injuries, extremities and trauma.
- On the basis of end- user, the orthopedic extremity devices market is segmented into hospitals, ASCS and specialty orthopedic centers.
Global Orthopedic Extremity Devices Market Country Level Analysis
The orthopedic extremity devices market is analyzed and market size insights and trends are provided by country, type, application and end- user as referenced above.
The countries covered in the global orthopedic extremity devices market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the orthopedic extremity devices market due to the availability of improvised orthopedic devices such as anatomy plates related to trauma procedures inclusive of suture anchors to repair soft tissues and sport related injury procedures and screws among others and presence of highly skilled orthopedic surgeons. Asia-Pacific is expected to witness the fastest growth during the forecast period of 2021 to 2028 because of the rising lifestyle diseases and other bone disorders such as osteonecrosis and musculoskeletal diseases.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The orthopedic extremity devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for orthopedic extremity devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the orthopedic extremity devices market. The data is available for historic period 2011 to 2019.
Competitive Landscape and Orthopedic Extremity Devices Market Share Analysis
The orthopedic extremity devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to orthopedic extremity devices market.
The major players covered in the orthopedic extremity devices market report are Medtronic, Smith & Nephew, Stryker, Wright Medical Group N.V., Zimmer Biomet, MERLOT, Acumed LLC, Alphatec Spine, Inc., Arthrex, Inc., Bioretec Oy, DePuy Synthes, DJO Global, Aesculap Implant Systems, LLC, CONMED Corporation, Semprus Biosciences, Digimed Systems, B. Braun Melsungen AG, NuVasive, Inc., Integra LifeSciences Corporation, Skeletal Dynamics, LLC among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.