The "Global Orthopedic Devices Market Competition Forecast & Opportunities, 2027" report has been added to ResearchAndMarkets.com's offering.
The global orthopedic devices market is anticipated to witness a robust growth at a steady CAGR in the forecast period, 2023-2027. Factors such as the rise in the geriatric population, that suffers from bone damage and orthopedic concerns and the growing healthcare expenditure capacity of consumers are primarily driving the demand for the global orthopedic devices market.
The surge in government investments in research and development activities to ensure painless and effective treatment for orthopedic issues coupled with the rise in the number of hospitals & clinics using orthopedic devices are expected to propel the growth of the global orthopedic devices market over the next five years.
Also, the increased incidence of traumatic injuries requires the use of early diagnostic and non-surgical treatments to help with the unbearable pain for the patients. This is expected to fuel the growth of the global orthopedic devices market in the forecast years.
The global orthopedic devices market is segmented by type, application, end user, and regional distribution and company. Based on type, the market is fragmented into joint reconstruction devices, spinal devices, trauma devices, orthobiologics, and others. Joint reconstruction devices are expected to capture the highest market share in the forecast period, 2023-2027.
The rise in the demand for procedures requiring musculoskeletal procedures, knee and hip replacements, and shoulder and extremities reconstruction are driving the segment demand.
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In this report, global orthopedic devices market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Global Orthopedic Devices Market, By Type:
Global Orthopedic Devices Market, By Application:
Global Orthopedic Devices Market, By End User:
Global Orthopedic Devices Market, By Region:
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