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The Orthopedic Market is estimated to grow from USD 38.2 billion in 2020 to USD 46.4 billion by 2026 at a healthy CAGR of 3.3% during the forecast period.
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Presents a Research Report on OrthopedicMarket The report on the OrthopedicMarket is segmented By Product (Accessories [Braces, Consumables, Others], Surgical Devices [Drill Guide, Guide Tubes, Implant Holder, Custom Clamps, Distracters, Screw Drivers, Others), By Application (Hip Orthopedic Devices, Knee Orthopedic Devices, Spine Orthopedic Devices, Craniomaxillofacial Orthopedic Devices, Dental Orthopedic Devices, Sports Injuries, Extremities and Trauma (SET) Orthopedic Devices), and Region - COVID-19 Impact Analysis and Forecast to 2026. sales@stratviewresearch.com +1-313-307-4176 www.stratviewresearch.com Market Reports Advisory & Consulting Sourcing Intelligence
The OrthopedicMarket Highlights& Drivers • The Orthopedic Market is estimated to grow from USD 38.2 billion in 2020 to USD 46.4 billion by 2026 at a healthy CAGR of 3.3% during the forecast period. • The demand for orthopedic has increased significantly, mainly due to the rise in the geriatric population, which increases the risk of osteoarthritis, osteoporosis, technological innovations in orthopedic implants, and other musculoskeletal disorders. However, high costs associated with procedures involving orthopedic implants treatment and stringent government policies for approval of orthopedic implants can hamper the orthopedic implants market growth during the review period. • MarketInsight • By Application Type: • Based on application, the market has been classified into hip orthopedic devices, knee orthopedic devices, spine orthopedic devices, craniomaxillofacial orthopedic devices, dental orthopedic devices, sports injuries, extremities, and trauma orthopedic devices. • The knee orthopedic devices segment accounted for a substantial market share in 2020. This is mainly attributed to the rising volume of knee surgeries, which proliferates segment growth.
Market Insight & Competitive Insights • By Region: • The market in North America accounted for the largest share in 2020 and is projected to continue its dominance during the review period. This is mainly ascribed to the increasing target patient population due to aging along with rising car accidents are propelling the number of orthopedic surgeries in the region. • The high prevalence of orthopedic conditions along with the adoption of advanced treatment procedures is projected to augment market growth in the U.S., further bolstering the regional growth. • Key Players • B. Braun Melsungen AG (Germany) • AGIS Network Inc. (US) • Amedica Corp. (US) • Arthrex Inc. (US) • Boston Scientific Corporation (US) • Integra LifeSciences Corporation (US) • Johnson & Johnson (US) • Medtronic PLC (Ireland) • Smith & Nephew PLC (UK) • Stryker Corporation (US).
Data Analysis (Top Down and Bottom Up Approach) Research Methodology Data Triangulation (Data Evaluation and Multiple Data Triangulation) Final Deliverables (Final Report with All Findings) Stratview Research follows a rigorous methodology with high emphasis on primary research and multiple ways of data triangulation. We conduct primary research across the value chain to provide 360 degree view of the market. • Secondary Research • Stratview Research Internal Knowledgebase Primary Research • Annual Reports / Fact Book • Company Websites • Magazines / Publications • Press Releases & Journals • Industry News • Association Articles • Government Documents • Social Media • Others • Robust database across value chain • In-house industry veterans as advisors • Project based subject matter experts • Industry Players • Industry Experts • Suppliers • Customers • Associations • Government Institutions • Others
Report Features • This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report: • Market structure: Overview, industry life cycle analysis, supply chain analysis. • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis. • Market trend and forecast analysis. • Market segment trend and forecast. • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc. • Attractive market segments and associated growth opportunities. • Emerging trends. • Strategic growth opportunities for the existing and new players. • Key success factors.
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