Research Article Global Connected on Orthopedic Devices : Market Synopsis and Highlights and Forecast-2024

1. Orthopedic Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast To 2024 The global orthopedic devices market size was valued at USD 30.4 Billion in 2016 and is expected to reach USD 43.6 Billion in 2025, growing at a CAGR of over4% during the forecast period. An orthopedic implant is a medical device utilized over a missing bone or joint to provide support to the damaged bone. Stainless steel and titanium alloys are used for the strength of devices and a plastic coating acts as an artifcial cartilage. Increasing prevalence of osteoporosis, growing geriatric population base with developing technological advancements are expected to major drivers behind the industry growth over the forecast period. Demand for various orthopedic implants and devices are expected to increase owing to increasing base of aging population sufering from various bone disorders. Since, a sizeable chunk of the population is over sixty years of age and as per WHO, population of this age group is expected to reach 2 billion by 2050. Additionally, increasing incidence of orthopedic surgery relatively aware consumers is also driving the growth of the global orthopedic devices market. Get PDF with Technological trends at : https://xpodenceresearch.com/Request-Sample/105895 The orthopedic device market is segmented based on types and region. Based on types, the market is bifurcated into upper extremity devices, lower extremity devices, spine orthopedic devices, arthroscopic devices, orthobiologics and braces & support devices. Upper extremity devices are further segmented into elbow radius, shoulder and others whereas lower extremity devices are divided into hip, knee, foot, ankle and others. On the basis of spine orthopedic devices, the market is further segregated into artifcial discs, fxation screws, fxation nailrrod, fxation plates and fxation wires. Also, the orthobiologics segment is distinguished into bone cement, bone graft substitute, bone growth factors and others. The spinal implants type segment has also contributed a promising share in the market growth owing to increased efective back treatment devices, rising incidences of back pain and increased demand of less invasive procedures and non-fusion technologies by patients. Obtain Report Details with technological advancement at: https://xpodenceresearch.com/Reports/Orthopedic-Devices-Market On the basis of region, the market is segmented into North America, Europe, Asia Pacifc, iddle East and Africa and Latin America. The Asia Pacifc region holds exemplary growth potential for orthopedic device manufacturers, owing to high population number and around 50% of world’s geriatric population base. The North American region follows the Asia Pacifc market owing to increased geriatric population, sophisticated R&D leading to novel orthopedic devices and technological advancements. Some of the notable players operating in orthopedic devices market space include DePuy Synthes, edtronic Spinal, edacta, Zimmer Biomet, NuVasive, icroPort Scientifc Corporation (Wright edical Group), Smith & Nephew, Stryker, DJO Global, Globus edical and Confor IS. About Us:

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