Hyderabad, India -- (SBWIRE) -- 02/22/2018 -- The report " Orthopedic Devices Market by Anatomical location (Knee, Shoulder, Foot and Ankle, Hip, Spine, Elbow, Craniomaxillofacial, and Others), by Type of Consumables (Orthopedic staples, Orthopedic suture anchors - (Resorbable suture anchors and Metallic suture anchors)), and by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)", The Orthopedic devices market is expected to reach USD 49.14 Billion by 2021 from an estimated USD 38.28 Billion in 2016, at a CAGR of 5.12%. The key factors such as rise in geriatric population, growing frequency of osteoarthritis and osteoporosis, and rise in sports injuries and road accidents are driving the growth in the market.

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By anatomical location, the knee segment accounted for the largest share of the market in 2016
On the basis of anatomical location, the orhtopedic devices market has been segmented into Knee, Shoulder, Foot and Ankle, Hip, Spine, Elbow, Craniomaxillofacial, and Others. In 2016, the knee segment accounted for the largest share of the global orthopaedic devices market. Due to the increase in frequency of hip fractures and technological advancements supporting hip replacement, the hip segment is the fastest growing segment.
By type of consumables, the orthopaedic suture segment accounted for the largest share of the market in 2016

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On the basis of type of consumables, orthopedic devices market has been segmented into Orthopedic staples and Orthopedic suture anchors. Orthopedic suture anchors are further sub-segmented into resorbable suture anchors and metallic suture anchors. Orthopedic sutures segment accounted for the highest share in 2016 with a share about three-fourth of the total share.

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North America accounted for the largest share of the Orthopedic Devices market in 2016, followed by Europe. The large share of the North American othopedic devices market is attained by US government spending about 20% of their GDP on healthcare.

The various players in the Orthopedic Devices market include Medtronic, Zimmer Inc., Synthes, Biome, Stryker, DePuy and Smith & Nephew.

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