Growth Opportunities in the Global Orthopedic Device Industry
The future of the global orthopedic device industry looks attractive with opportunities in public andprivate hospitals. The global orthopedic device industry is expected to reach an estimated $62.6billion by 2022 and is forecast to grow at a CAGR of 5.5% from 2017 to 2022. The major drivers forthe growth of this market are the increasing aging population, increasing adoption of advancementsin medical technologies, and growing healthcare expenditure and awareness.
In this market, orthopedic reconstruction, spinal devices, trauma fixation devices,craniomaxillofacial devices, dental implants, soft tissue repair, braces and accessories, andorthobiologics are the major segments by device type. On the basis of comprehensive research,
Lucintel forecasts that the orthopedic reconstruction, trauma fixation devices, and orthobiologicssegments are expected to show above average growth during the forecast period due to anincreasing geriatric population, the rising prevalence of osteoporosis and osteoarthritis, and theincreasing incidence of road accidents.
Within the global orthopedic device industry, orthopedic reconstruction is expected to remain thelargest segment by device type. With the rise of orthopedic disorders and increasing agingpopulation are the major driving forces that will spur growth for this segment over the forecastperiod.
This unique report from Lucintel will provide you with valuable information, insights, and toolsneeded to identify new growth opportunities and operate your business successfully in this market.
This report will save hundreds of hours of your own personal research time and will significantlybenefit you in expanding your business in this market. In today’s challenging economy, you needevery advantage that you can find.
Scope and Features of This Report:
To make critical business, investment, or strategic decisions, you need timely useful information.
This market report fulfills this core need and is an indispensable reference guide for materialsuppliers, product manufacturers, investors, executives, distributors, and more that operate in thismarket. Some of the features and scope of this report include the following:
Market size estimates: Growth opportunities in the global orthopedic device industry in
terms of value ($M) shipment
Trend and forecast analysis: Global orthopedic device industry trend (2011-2016) and
forecast (2017-2022) by region and segment
Segmentation analysis: Global orthopedic device industry size from 2011 to 2022 by
device type, and region as follows:
Global orthopedic device industry size by device type:
Trauma Fixation Devices
Soft Tissue Repair
Braces and Accessories
Orthobiologics and Others
Global orthopedic device industry size by region type:
The Rest of the World
Regional analysis: Global orthopedic device industry breakdown by key regions of NorthAmerica, Europe, Asia Pacific, and the Rest of the World
Growth opportunities: Analysis of growth opportunities in different device, and region.
Strategic analysis: This includes M&A, new product development, competitive landscape, and expansion strategies of global orthopedic device industry suppliers.
Emerging applications: Emerging applications of orthopedic device in the global orthopedic device industry.
Analysis of the competitive intensity of the industry based on Porter’s Five Forces model.