Transparency Market Research Report Added "Orthopedics Market" to its database.
Albany, NY -- (SBWIRE) -- 04/05/2016 -- According to new market study by Transparency Market Research (TMR) on the global orthopedics market, the rapid rise in the global geriatric population is the key factor driving the growth of this market.
The research report, titled "Orthopedics Market - Global Industry Analysis, Size, Share, Trends, Growth and Forecast 2009 - 2018," further states that the rising incidence of sports injuries as well as the increasing number of accidents are fueling the demand for orthopedic treatments in the global arena.
Orthopedics is defined as the study of bone disorders considering its diagnosis as well as treatment. Orthopedic treatments and procedures are aimed at improving the mobility of patients, reducing the discomfort they face, and helping in restoring a normal lifestyle for them.
According to the report, this market has gained significantly from technical advancements in orthopedic procedures, devices, and implants. The increasing usage of robotics in orthopedic procedures and minimally invasive surgeries has boosted the worldwide orthopedics market over the past few years. The infrastructural development in the medical and healthcare industry has also stimulated the uptake of advanced orthopedic devices and implants in the global arena, states the market report.
The global orthopedics market is broadly classified on the basis of orthopedic surgical procedures and orthopedic devices. Based on orthopedic surgical procedures, the joint replacement and reconstruction segment led the global market in 2011. The large pool of patient, suffering from joint-related disorders and injuries fueled the demand for orthopedic surgical procedures that year. The biodegradable medical implants segment is likely to report the fastest growth during the forecast period, notes the research study.
On the regional front, North America dominated the global orthopedics market in 2011 and was closely followed by Europe. The presence of state-of-art medical systems in the region has boosted the North America orthopedics market significantly. However, the orthopedics markets in Asia Pacific and Latin America are likely to surpass these markets over the forecast period, states the research report.
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The research report also provides an analysis of the competitive landscape prevalent in the global orthopedics market by assessing the profiles of the enterprises operating in this market. As per the study, Stryker Corp., Genzyme Corp., B Braun, DePuy Inc., and Medtronic Inc. are the key participants in the global orthopedics market.
The main purpose of this research study is to assist the market players and other stakeholders in, understanding the market clearly, identifying the largest consumer section and making crucial strategies for the further expansion of their businesses.
Mr. Sudip S
Transparency Market Research
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