Orthopedic Devices Market Scope
Orthopedic Device is a piece of equipment that is used for preventing and treating deformities and injuries of the musculoskeletal system in man. Orthopedic devices comprise of prostheses, bandages, splints and special apparatus. Orthopedic devices are designed to prevent or manage musculoskeletal problems. Orthopedic fixation devices are used in the treatment of, soft-tissue injuries, reconstructive surgery and fractures. After reduction of fracture, internal, external fixation devices are used to provide constancy and maintain the placement of bone fragments during the healing process.
The market study is being classified by Type (Fixing Device [Internal and External], Relieving Devices, Corrective Devices, Compression-Distraction Devices and Others), by Application (Back Supports and Braces, Foot and Ankle Supports, Cervical Collars, Knee and Elbow Braces, Hip Replacement, Dental Orthopedic Devices and Others) and major geographies with country level break-up.
Due to increasing global competition, innovation is crucial for the growth and survival of medical device manufacturers. The manufacturers are creating new ideas and technologies must comply with safety, reliability and performance. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Orthopedic Devices market throughout the predicted period.
Stryker Corp. (United States), DePuy Synthes (United States), Zimmer Biomet (United States), Smith & Nephew (United Kingdom), Medtronic Spinal (United States), DJO Global (United States), Integra Lifesciences (United States), NuVasive Inc. (United States), Wright Medical (United States), J & J Medical Device Company (United States), B. Braun Melsungen (Germany) and JRI Orthopaedics (United Kingdom) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Globus Medical (United States).
AdvanceMarketAnalytics has segmented the market of Global Orthopedic Devices market by Type, Application and Region.
On the basis of geography, the market of Orthopedic Devices has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Metal Used, the sub-segment i.e. Stainless Steel will boost the Orthopedic Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-User, the sub-segment i.e. Hospitals will boost the Orthopedic Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On April 25, 2019- Stryker, announced that it has completed the acquisition of Arrinex, Inc., a medical device company headquartered in Menlo Park, California, that has developed ClariFix, a novel cryoablation technology for the treatment of chronic rhinitis.
On January 30, 2019- DePuy Synthes has launched the Femoral Neck System, an innovative new implant solution for the repair of femoral neck fractures. The Femoral Neck System is designed to address the need for improved treatment options for these types of fractures by combining stable fixation in a compact design with a minimally invasive approach, with the intent to reduce complications associated with current devices on the market.
According to the FDA’s 21 CFR Part 803 Medical Device Reporting (MDR), if a device may have caused or contributed to a death or serious injury, the incident must be reported to the FDA.
- Growing Awareness Regarding Availability of Innovative Products
- Increasing Number of People Undergoing Joint Replacement Surgeries
- Increasing Use of Biodegradable Implants in Trauma Orthopedic Surgeries
- High Demand for Devices That Support Immediate Cure
- Manufacturing of Orthopedic Devices is Time-Consuming and Cost Intensive Processes
- Design, Development and Manufacturing of Orthopedic Devices Are Complex
Key Target Audience
Manufacturers of Orthopedic Devices, Suppliers of Orthopedic Devices, Wholesalers, Distributors and Retailers of Orthopedic Devices, Healthcare Industry, Research Organization and Governmental Bodies
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase