The global orthopedic prosthetics market is projected to expand at a CAGR of 5.1% during the forecast period and is expected to be valued at US$ 3,061.1 million by the end of 2028.
Albany, NY -- (SBWIRE) -- 10/26/2018 -- Potential rise in accidents across the globe is expected to maneuver notable spike in adoption of orthopedic prosthetics as an apt substitute for lost limbs amongst victims. Advancement in bespoke technology to attain superlative orthopedic prosthetics for enhanced functionality, aligning with consumer preferences crafts growth in orthopedic prosthetics market.
In its latest business intelligence report added to its burgeoning repository titled, 'Orthopaedic Prosthetics Market: Global Industry Analysis 2013 – 2017 and Opportunity Assessment 2018 – 2028', Market Research Reports Search Engine (MRRSE) sheds significant light on ongoing market advances and their reciprocal impact on the growth of orthopedic prosthetics market.
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Robotic Prosthetics Trending in Orthopedic Prosthetics Market
In the light of rising used cases of orthopedic prosthetics leading vendors in orthopedic prosthetics market are integrating efforts to escalate production, thus attaining significant geographical expanse. Additionally, inclusion of advanced features to elevate product portfolio remain integral amongst leading market players eyeing sustenance amidst stiff competition. Additionally, leading manufacturers in orthopedic prosthetics market are also akin on restricting price hikes to encourage global mass adoption. Incorporation of advanced features and technologies such as robotic prosthetics encourages growth in orthopedic prosthetics market.
Zimmer Biomet Holdings Unveils Mobi-C for Cervical Disc Replacement
In a recent development in orthopedic prosthetics market, leading player Zimmer Biomet Holdings known for its orthopedic prosthetics has recently unrolled its solution for total cervical disc replacement with the launch of Mobi-C. The innovation, a unique substitute for cervical fusion is expected to elevate Zimmer's position in the competitive landscape of orthopedic prosthetics market, besides paving breakthroughs in potential orthopedic treatment.
Electric Powered Orthopedic Prosthetics Accounts Maximum Revenue Share
This exclusive research report on orthopedic prosthetics market offers a deep-dive to its readers about operational market segments exhibited in orthopedic prosthetics market. The report identifies product type, technology type, and end-user as potent market segments. On the basis of product type orthopedic prosthetics market is diversified into upper extremity prosthetics and lower extremity prosthetics. Upper extremity prosthetics segment is sub-segmented into hand, elbow, and shoulder prosthetics. Lower extremity prosthetics market is further diversified into foot and ankle, knee, hip, liners, sockets, and modular components. On the basis of technology type, orthopedic prosthetics market is classified into conventional, electric powered, and hybrid orthopedic prosthetics. Based on end-user applications the market demonstrates hospitals and rehabilitation centers as major segments.
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North America Continues to Dominate Market Dominance in Orthopedic Prosthetics Market
Additionally, the report also entails substantial information on regional scope of orthopedic prosthetics market, based on which the market is demarcated into Eastern and Western Europe, North America, Latin America, Asia-Pacific, Japan, and Middle East and Africa.
Competition Matrix: Orthopedic Prosthetics Market
Elaborate research findings included in the report enrich readers' understanding on various marketing strategies implemented by leading market players across regions and their eventual influence on market growth and consumer response. Some of the leading players identified in orthopedic prosthetics include, Ossur, Zimmer Biomet Holdings Inc., Hanger Inc., Smith & Nephew plc., Johnson & Johnson, and B. Braun Melsungen AG amongst a host of others.
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