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Orthopedic Devices Market Projected to Witness Vigorous Expansion of 4.3% by 2023

Global Orthopedic devices Market information, by type, by application, BY End User - Forecast to 2023


Pune, India -- (SBWIRE) -- 09/20/2017 -- Market Research Future adds new report of "Global Orthopedic devices Market - Global Forecast To 2023" it contains Company information, geographical data and Table of Content

Market Synopsis of Global Orthopedic devices Market:

Market Scenario:

An orthopedic device are placed within the body's skeleton and muscle systems so as to correct existing problems or to provide stability. Technological advancements and product development is the best strategy that yields the greatest market benefit. Changing technology, increasing prevalence of osteoporosis, increasing funding for R&D and market growth in emerging economies are major driving forces for global orthopedic devices market.

Orthopedic devices market is growing steadily and expected to continue its growth near future. The total market for orthopedic devices was US$ 43,802.1 million in 2016 and expected to reach US$ 58,814.6 million by 2023. The global orthopedic devices market is expected to grow at a CAGR of 4.3% during the forecast period.

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Market Segments:

Global Orthopedic devices Market has been segmented

- On the basis of Type which comprise Trauma Fixation, Spinal Devices, Joint Replacement, Consumables & Disposables, Bone Repair

- On the basis of Application, it is segmented into, Spine, Trauma and extremities, Knee, Hip, Foot and ankle

- On the basis of End User, it is segmented into, Ambulatory surgery centers, Hospitals, and Medical research center

Key Players for Global Orthopedic devices Market:

Some of the key players in this market are:

- DePuy Synthes Companies (US)
- Globus Medical, Inc. (US)
- Medtronic (Republic of Ireland)
- NuVasive Inc. (US)
- Smith & Nephew plc. (UK)
- stryker Corporation (US)
- Zimmer Inc. (US)

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Intended Audience

- Orthopedic devices manufacturers and suppliers
- Research and Development (R&D) Companies
- Research Laboratories
- Market Research and Consulting Service Providers
- Potential Investors

Regional Analysis of Global Orthopedic devices Market:

Considering the global scenario of the market, North America was holding largest market share of 39.6% in global orthopedic devices market in 2016. Europe is second largest market and expected to reach USD 19,467.6 million by 2023. APAC is expected to grow at fastest CAGR of 6.2% during 2017-2023. On the other hand. Middle East and Africa (ME&A) Orthopedic devices market was growing lower than global average and expected to grow at steady pace.

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