Orthopedic Devices Market (Hip, Knee, Spine, Shoulder, Elbow, Foot and Ankle, Craniomaxillofacial and Other Extremities) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019

Albany, NY -- (SBWire) -- 02/06/2015 --Transparency Market Research has recently published a new research document, titled "Orthopedic Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019".

According to the report, the global orthopedic devices market was valued at US$29.2 billion in 2012. The market is expected to reach an overall value of US$41.2 billion by the end of 2019, growing at a compounded annual growth rate of 4.9% within the time frame.

The global orthopedic devices market is primarily segmented by the report according to the location of the orthopedic device in the human anatomy. The largest revenue-generating segment in the market was knee orthopedics. The market's revenue, however, is expected to take a heavy blow from restraints such as product recalls because of loosening of implants, manufacturing errors, corrosion, and regular wear and tear. It is due to these reasons that the global orthopedic devices market is expected to face a slight decline for a period from 2013 to 2019.

The hip devices segment in the global orthopedic devices market is expected to grow at a CAGR of 5.9% from 2013 to 2019. The major reasons for this growth are stated as a heavy demand for hip replacements procedures and a rising incidence of hip fractures, especially within the elderly.

The other major category, orthopedic device consumables, reveals that by far the largest market share was held by anchors. The segment held nearly 80% of the market in 2012. The segment of consumables is expected to reach a value of US$457 million by 2019.

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The report also provides a geographic segmentation of the global orthopedic devices market. It says that the leading region throughout the forecast period of 2013 to 2019 will be North America. The region was the market leader in 2012 and is expected to maintain the position. The global orthopedic devices market is expected to show substantial growth in the U.S due to the growing use of bio-absorbable implants, rising prevalence of medical issues such as obesity and osteoarthritis, and the correlated increase in the number of the elderly.

The second largest region in the global orthopedic devices market is Europe. This regional market is driven by the rising demand for infusion pumps and drug eluting stents.

The fastest growing region in the global orthopedic devices market is Asia Pacific. The region is expected to show rapid growth due to rise in population and increasing level of industrialization throughout the forecast period.

Browse the full Orthopedic Devices Market (Hip, Knee, Spine, Shoulder, Elbow, Foot and Ankle, Craniomaxillofacial and Other Extremities) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019 report
http://www.transparencymarketresearch.com/orthopedic-devices-market.html

The key players in the global orthopedic devices market are specialized companies that focus on particular aspects of the market. The global hip and knee orthopedic devices market is controlled by its leading players such as Stryker, Zimmer, and Depuy Synthes. On the other hand, the global spinal devices market is led by companies such as NuVasive, Stryker, Depuy, and Medtronic.

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