Global Orthopedic Devices Market to Reach US$41.2 Bn by 2019 as Aging Global Population Pushes Demand

Transparency Market Research Report Added "Orthopedic Devices Market" to its database.

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Albany, NY -- (SBWire) -- 05/09/2016 --The global orthopedic devices market is expected to reach US$41.2 bn by the end of 2019, owing to multiple factors that are enabling it to progress at a CAGR of 4.9% from 2013 to 2019. This market was valued at US$29.2 bn in 2012, as stated in a research report published by leading market intelligence agency, Transparency Market Research. The report is titled "Orthopedic Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019."

According to the data published in the report, the key driver of the global orthopedic devices market is an increased demand resulting from the combination of two factors: The rapidly increasing geriatric population and the high demand for painless and noninvasive treatments. Both factors have spurred all manufactures in the global orthopedic devices market to ramp up their manufacturing rate as well as innovation and development efforts.

The report divides the global orthopedic devices market basis anatomical locations around the spine, foot and ankle, elbow, shoulder, knee, hip, and other extremities. The device types in the global orthopedic devices market are segmented as follows: External fixation devices, internal fixation devices, and joint implants. Other aspects of gauging the global orthopedic devices market include the success rate of each technology used, the insurance coverage for each device type, and the geographical reach.

In terms of anatomical location, the global orthopedic devices market was led by knees in 2012 in terms of revenue. The report predicts this segment to drop out in terms of revenue by 2019, owing to a high rate of product recalls.

Another major segment in the global orthopedic devices market for 2012 was hip devices. This segment is progressing at a CAGR of 5.9% within the report's forecast period, a factor attributed to the increasing incidences of hip fractures and the growing geriatric demographic.

In terms of orthopedic consumables, the global orthopedic devices market was led by anchors in 2012, when it held 80% of the market through its two sub-segments of orthopedic staples and orthopedic suture anchors. By the end of 2019, the overall value of orthopedic consumables is expected to reach US$457 mn.

Geographically, the global orthopedic devices market was dominated by North America in 2012, due to the high rate of obesity and osteoarthritis in the U.S. Other factors include the increasing use of bioabsorbable implants and the growing geriatric demographic. On the other hand, the Asia Pacific orthopedic devices market is expected to provide tremendous opportunities to global players, owing to a rise in population density and increasing healthcare expenditure. Europe is expected to maintain its second position in the market due to a rapidly growing demand for infusion pumps and drug-eluting stents.

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The key players in the global orthopedic devices market are NuVasive, Inc., Orthofix Holdings, Inc., Arthrex, Inc., Biomet, Inc., Medtronic, Inc., Small Bone Innovations, Inc., TriMed, Inc., Conmed Corporation, Globus Medical, Inc., DePuy Synthes, Inc., Solana Surgical LLC, Smith & Nephew PLC, ArthroCare Corporation, Stryker Corporation, Zimmer Holdings, Inc., Integra LifeSciences, Aesculap, Inc., Vilex, Inc., aap Implantate AG, and Wright Medical Technology, Inc.

Key segments of the Global Orthopedic Devices Market

Global Orthopedic Devices Market, by Anatomical Location

Global Hip Orthopedic Devices Market, by Product type,
Hip Orthopedic Joint Implants
Hip Orthopedic Metal-on-Metal Joint Implants
Hip Orthopedic Ceramic-on-Ceramic Joint Implants
Hip Orthopedic Ceramic-on-Polyethylene Joint Implants
Hip Orthopedic Internal Fixation Devices
Hip Orthopedic Internal Fixation Screws
Hip Orthopedic Internal Fixation Plates
Hip Orthopedic Internal Fixation Wires
Hip Orthopedic Internal Fixation Nails/Rods
Hip Orthopedic External Fixation Devices
Hip Orthopedic External Fixation Frames
Hip Orthopedic External Fixation Pins
Knee Orthopedic Devices
Knee Orthopedic Joint Implants
Knee Orthopedic Posterior Stabilized Joint Implants
Knee Orthopedic Cruciate Retaining Joint Implants
Uni-compartmental Knee Joint Implant
Knee Orthopedic Internal fixation devices
Knee Orthopedic Internal Fixation Pins
Knee Orthopedic Internal Fixation Plates
Knee Orthopedic Internal Fixation Screws
Knee Orthopedic Internal Fixation Wires
Knee Orthopedic External Fixation Devices
Knee Orthopedic External Fixation Frames
Knee Orthopedic External Fixation Clamps
Knee Orthopedic External Fixation Pins
Shoulder Orthopedic Devices
Shoulder Orthopedic Joint Implants
Shoulder Orthopedic Total Joint Implants
Shoulder Orthopedic Resurfacing Implants
Shoulder Orthopedic Internal Fixation Devices
Shoulder Orthopedic Internal Fixation Pins
Shoulder Orthopedic Internal Fixation Nails/Rods
Shoulder Orthopedic Internal Fixation Plates
Shoulder Orthopedic Internal Fixation Screws
Shoulder Orthopedic Internal Fixation Wires
Shoulder Orthopedic External Fixation Devices
Spinal Orthopedic Devices
Spinal Orthopedic Joint Implants
Spinal Orthopedic Thoracolumbar Joint Implants
Spinal Orthopedic Cervical Joint Implants
Spinal Orthopedic Internal Fixation Devices
Spinal Orthopedic Internal Fixation Screws
Spinal Orthopedic Internal Fixation Nail/Rods
Spinal Orthopedic Internal Fixation Plates
Spinal Orthopedic Internal Fixation Wires
Elbow Orthopedic Devices
Elbow Orthopedic Joint Implant
Elbow Orthopedic Internal Fixation Devices
Elbow Orthopedic Internal Fixation Pins
Elbow Orthopedic Internal Fixation Plates
Elbow Internal Fixation Screws
Elbow Internal Fixation Wires
Elbow Orthopedic External Fixation Devices
Elbow Orthopedic External Fixation Frames
Elbow Orthopedic External Fixation Pins
Elbow Orthopedic External Fixation Clamps
Foot and Ankle Orthopedic Devices
Foot and Ankle Orthopedic Joint Implant
Foot and Ankle Orthopedic Internal Fixation Devices
Foot and Ankle Internal Fixation Nails/Rods
Foot and Ankle Internal Fixation Screws
Foot and Ankle Internal Fixation Plates
Foot and Ankle Internal Fixation Wires
Foot and Ankle Orthopedic External Fixation Devices
Foot and Ankle Orthopedic External Fixation Frames
Foot and Ankle Orthopedic External Fixation Pins
Foot and Ankle Orthopedic External Fixation Clamps
CranioMaxilloFacial (CMF) Orthopedic devices
CMF Orthopedic Internal Fixation devices
CMF Orthopedic Internal Fixation Mesh
CMF Orthopedic Internal Fixation Plates
CMF Orthopedic Internal fixation Screws
CMF Orthopedic Internal Fixation Wires
Other Extremities Orthopedic Devices
Other Extremities Orthopedic Joint Implants
Other Extremities Orthopedic Internal Fixation Devices
Other Extremities Orthopedic Internal Fixation Pins
Other Extremities Orthopedic Internal Fixation Rods
Other Extremities Orthopedic Internal Fixation Screws
Other Extremities Orthopedic Internal Fixation Plates
Other Extremities Orthopedic Internal Fixation Wires
Other Extremities Orthopedic External Fixation Devices
Other Extremities Orthopedic External Fixation Frames
Other Extremities Orthopedic External Fixation Pins

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