Orthopaedic Devices Market is estimated to surpass $ 31.88 Billion marks in 2019 and reach USD 41.56 Billion by 2024, at a Compound Annual Growth Rate (CAGR) of 4.4% during the forecast period 2016-2024 globally. High prevalence of orthopedic conditions such as degenerative bone disease and rising geriatric population are some of the major market drivers. The increasing number of road accidents are expected to further propel market growth. Additionally, obesity and sedentary lifestyles resulting in early onset of musculoskeletal conditions are expected to boost market expansion during the forecast period.Orthopaedic Devices MarketOrthopaedic Devices Market1 Rising awareness regarding the availability of innovative products among patients is pushing hospitals to constantly upgrade devices and services they offer.

In addition, reimbursement coverage of orthopaedic treatments has fuelled adoption of advanced surgeries. These factors encourage customers to opt for advanced and high-priced devices, thus adding to the total revenue generation of the sector. Along with the introduction of advanced products, prices for their older versions reduce significantly. This helps in driving the adoption of advanced devices in developing countries where medical reimbursement is partially available or is completely unavailable. Such regions include Asia Pacific, Latin America, and the Middle East and Africa. The cumulative effect of these activities is expected to result in increasing procedural volume and thus, fuelling the growth of the Orthopaedic Devices Market.

The growing geriatric population base is highly susceptible to developing bone-related diseases such as osteoporosis and osteoarthritis. As per WHO, the global population over 60 years is expected to reach 2 billion by 2050. The increasing base of the elderly population will create significant demand for various orthopedic implants and devices. An increasing prevalence of diabetes and obesity, lack of physical activity, poor diet intake and a rising trend of smoking and alcohol consumption will fuel orthopedic devices market demand over the forecast years. New innovations in the field of osteology should boost the development of cost-effective devices. Technological advances in 3D printing, robot-assisted surgical procedures, and smart implants will represent high impact driving factors for the global industry revenue.Orthopaedic Devices Market2 Joint reconstruction held over 40% of the orthopaedic devices market share with expectations to witness more than 3% CAGR. Increasing geriatric population, the rising prevalence of osteoporosis and osteoarthritis and soaring incidence of road accidents and sports injuries will drive demand for artificial joint reconstruction devices.

North America Orthopaedic Devices Market accounted for the highest revenue in 2017 and is projected to grow at a significant rate during the forecast period. U.S Orthopaedic Devices Market share held over 90% of regional revenue. Increasing adoption of advanced orthopaedic solutions and improved healthcare infrastructure will stimulate business growth. Rising R&D support to develop innovative products should also augment industry expansion.

Maximize Market Research has comprehensively analyzed Orthopaedic Devices Market emphasizing on each segment keeping global and regional dynamics in perspective. The driving forces, as well as considerable restraints, have been explained in depth to attain a balanced scenario. The report classifies Orthopaedic Devices Market into various segments such as Products, Applications, and Regions providing a thorough understanding of the Orthopaedic Devices Ecosystem. Importantly, the report delivers forecasts of the market, giving an insight into the future opportunities that exist in the Orthopaedic Devices Market.

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The Scope of the Orthopaedic Devices Market Report:

Orthopaedic Devices Market By Product:

Joint Reconstruction, Spinal Devices, Trauma Fixation Devices, Orth biologics, Arthroscopic Devices
Orthopaedic Devices MarketBy Application:

Hip, Knee, Spine, Craniomaxillofacial, Dental, Sports Injuries, Extremities, and Trauma (SET)
Orthopaedic Devices MarketBy Geography:

North America, Europe, Asia Pacific, Middle East & Africa and Latin America
Orthopaedic Devices Market-Key Players:

Medtronic PLC
Stryker Corporation
Zimmer-Biomet Holdings, Inc.
DePuy Synthes
Smith and Nephew PLC
Aesculap Implant Systems, LLC
Conmed Corporation
Donjoy, Inc.
NuVasive, Inc.
Biomet, Inc.
Wright Medical Group, Inc.
Globus Medical, Inc.
Johnson & Johnson
Arthrex Inc.
RTI Surgical Inc.
AlloSource
DePuy Synthes
DJO Global
4WEB Medical
Acumed
Advanced orthopaedics
Aesculap Implant Systems
Alphatec Spine
AMEDICA
Anika Therapeutics

This Report Is Submitted By @Maximize Market Research Company

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