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Orthopedic Products Manufacturing in the US - Industry Market Research Report

Publisher IBISWorld
Published Sep 11, 2024
Length 86 Pages
SKU # IBSS19343040

Description

Orthopedic Products Manufacturing in the US - Industry Market Research Report


Orthopedic Products Manufacturing in the US

The industry comprises companies that produce medical devices meant to support joints, bones and muscles. Over the past five years, this industry has benefited from the growing need for orthopedic care. This demand has particularly come from the rapidly aging population, as joint and muscle pain is a common sign of aging. Over the past five years, the rising number of adults aged 65 and older has been the most significant driver of industry revenue. Additionally, the rising adult obesity rate has further contributed to revenue growth, since obesity is a leading cause of joint problems. Over the past five years, industry revenue is expected to increase at a CAGR of 0.5% to $12.6 billion, including an estimated 1.1% decline in 2023. The outbreak of COVID-19 has not affected this industry significantly.

This industry manufactures orthopedic appliances or apparatus, including braces and orthotics. These products support, prevent or correct deformities and improve the function of body parts.


This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares."

Table of Contents

86 Pages
ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Pricing

Currency Rates
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