Fracture fixation and replacement systems was the largest segment of the market in 2014. The segment was valued at US$ 1,596.3 Mn in 2014 and is likely to expand at a CAGR of 8.0% from 2015 to 2023.
Albany, NY -- (SBWIRE) -- 07/05/2016 -- This report on the small bone and joint orthopedic devices market studies the current and future prospects of the market across the globe. Orthopedics is a branch of medicine science and surgery involving the use of orthopedic devices to correct various disorders and injuries of the bones and joints. The rising prevalence of joint degenerative diseases such as osteoporosis and osteoarthritis, increase in health care expenditure globally, and technological advancement leading to introduction of innovative devices for orthopedics application are some of the factors driving the small bone and joint orthopedic devices market. The market report comprises an elaborate executive summary, which includes a market snapshot that provides information about various segments and sub-segments of the market. It also provides information and data analysis of the global small bone and joint orthopedic devices market with respect to market segments based on the device type and applications and their geographic analysis.
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Based on the device type, the small bone and joint orthopedic devices market has been segmented into: fracture fixation and replacement systems, plates and screws. External fixation devices market, and joint prosthetics. On the basis of applications, the market is categorized into: Foot (including ankle, toe and lower extremities), hand (including thumb, wrist and elbow), and shoulder. Each of the market segments have been extensively analyzed based on adoption rate, awareness, advantages, efficacy, revenue, and geographical coverage. The market size and forecast in terms of USD million for each segment has been provided for the period from 2013 to 2023. The report also provides the compound annual growth rate (CAGR %) for each market segment for the forecast period from 2015 to 2023, considering 2014 as the base year.
Geographically, small bone and joint orthopedic devices market has been segmented into five major regions: North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. The market size and forecast for each of these regions has been provided for the period from 2013 to 2023, along with their respective CAGRs for the forecast period from 2015 to 2023, considering 2014 as the base year. The report also provides with market size and forecast for major countries in the respective regions. The research study also covers the competitive scenario in the mentioned regions. A detailed qualitative analysis of factors responsible for driving and restraining the market growth and future opportunities has been provided in the market overview section. This section of the report also provides with market attractiveness analysis, Porter's Five Forces analysis, and market share analysis by key players, thus presenting a thorough analysis of the overall competitive scenario in the global small bone and joint orthopedic devices market.
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A list of recommendations has been provided for new entrants as well as existing market players to assist them in taking strategic initiatives to establish a strong presence in the market. The report also profiles major players in the market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments. Major players profiled in this report include Acumed LLC, Arthrex, Inc., DJO Global, Flower Orthopedics, DePuy Synthes, Smith & Nephew plc, Stryker Corporation, Tecomet, Inc., Wright Medical Group N.V., Zimmer Biomet Holdings, Inc., and Z-Medical GmbH + Co. KG.
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