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Orthopedic Devices Market by Product, Application: Global Opportunity Analysis and Industry Forecast, 2019-2026

  • ID: 5125471
  • Report
  • May 2020
  • Region: Global
  • 243 Pages
  • Allied Analytics LLP

FEATURED COMPANIES

  • Arthrex Inc.
  • B. Braun Melsungen AG
  • CONMED Corporation
  • DJO Global Inc.
  • Globus Medical Inc.
  • Medtronic Plc.
The global orthopedic devices orthopedic market was valued at $37.2 billion in 2018 and is expected to reach $47.7 billion by 2026, registering a CAGR of 3.1% from 2019 to 2026. Orthopedic devices can be defined as medical devices used to replace the damaged or misplaced bone to improve the function of skeleton and reduce pain due to problems associated with injury/defect on musculoskeletal system. In recent years, the orthopedic devices have evolved over the past few decades, which largely focuses on the research of hip and knee devices. According to the World Health Organization (WHO), the prevalence of musculoskeletal conditions increases with age. Whereas, the younger people are also affected, often during their peak income-earning years. For instance, in 2017, the musculoskeletal disorders were ranked the second most prevalent disorders in the East Mediterranean region and third in the African region.



Major factors such as rise in prevalence of orthopedic injuries or diseases and rapid increase in the aging population globally drive the market. However, high cost associated with procedures involving orthopedic implants treatment and stringent government policies hamper the market growth. On the contrary, the emerging economies present lucrative opportunities to the market.

This report segments the orthopedic device market based on product, application, and region to provide a detailed assessment of the market. Based on product, the market is divided into drill guide, guide tubes, implant holder, custom clamps, distracters, screw drivers, and accessories. Based on application, the market is divided into hip orthopedic devices, knee orthopedic devices, spine orthopedic devices, craniomaxillofacial orthopedic devices, dental orthopedic devices, and sports injuries, extremities and trauma (set) orthopedic devices. Based on region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

Comprehensive competitive analysis and profiles of major market players such as Arthrex, Inc., CONMED Corporation, DJO Global, Inc., Globus Medical Inc., B. Braun Melsungen AG, Medtronic Plc., Smith & Nephew Plc., Stryker Corporation, Wright Medical Group N.V. and Zimmer Biomet Holdings, Inc.

KEY BENEFITS FOR STAKEHOLDERS

This report provides a detailed quantitative analysis of the current market trends and future estimations from 2019-2026, which assists to identify the prevailing market opportunities.

An in-depth analysis of various regions is anticipated to provide a detailed understanding of the current trends to enable stakeholders to formulate region-specific plans.

A comprehensive analysis of the factors that drive and restrain the growth of the global orthopedic devices market is provided.

An extensive analysis of various regions provides insights that allow companies to strategically plan their business moves.

KEY MARKET SEGMENTS

BY Application

Hip Orthopedic Devices

Knee Orthopedic Devices

Spine Orthopedic Devices

Craniomaxillofacial Orthopedic Devices

Dental Orthopedic Devices

Sports Injuries and Extremities and Trauma Orthopedic Devices

BY Product

Drill Guide

Guide Tubes

Implant Holder

Custom Clamps

Distracters

Screw Drivers

By Region

North America

U.S.

Canada

Mexico

Europe

Germany

France

Spain

Italy

UK

Rest of Europe

Asia-Pacific

Japan

India

China

Australia

Rest of Asia-Pacific

LAMEA

Brazil

Saudi Arabia

South Africa

Rest of LAMEA

KEY MARKET PLAYERS

Arthrex, Inc.

CONMED Corporation

DJO Global, Inc.

Globus Medical Inc.

B. Braun Melsungen AG

Medtronic Plc.

Smith & Nephew Plc.

Stryker Corporation

Wright Medical Group N.V.

Zimmer Biomet Holdings, Inc.

The other players in the value chain (profiles not included in the report)

Quantel laser

Nidek CO., LTD.

Topcon Corporation

DEKA M.E.L.A. S.r.l.

SharpLight Technologies

Sciton, Inc.

Alma Lasers
Frequently Asked Questions about the Global Orthopedic Devices Orthopedic Market

What is the estimated value of the Global Orthopedic Devices Orthopedic Market?

The Global Orthopedic Devices Orthopedic Market was estimated to be valued at $37.2 billion in 2018.

What is the growth rate of the Global Orthopedic Devices Orthopedic Market?

The growth rate of the Global Orthopedic Devices Orthopedic Market is 3.2%, with an estimated value of $47.7 billion by 2026.

What is the forecasted size of the Global Orthopedic Devices Orthopedic Market?

The Global Orthopedic Devices Orthopedic Market is estimated to be worth $47.7 billion by 2026.

Who are the key companies in the Global Orthopedic Devices Orthopedic Market?

Key companies in the Global Orthopedic Devices Orthopedic Market include Arthrex Inc., CONMED Corporation, DJO Global Inc., Globus Medical Inc., B. Braun Melsungen AG, Medtronic Plc., Smith & Nephew Plc., Stryker Corporation and Zimmer Biomet Holdings Inc.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Arthrex Inc.
  • B. Braun Melsungen AG
  • CONMED Corporation
  • DJO Global Inc.
  • Globus Medical Inc.
  • Medtronic Plc.

Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits for Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tools and Models
Chapter 2: Executive Summary
2.1. Key Findings of the Study
2.2. CXO Perspective
Chapter 3: Market Overview
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Investment Pockets
3.3. Market Dynamics
3.3.1. Drivers
3.3.1.1. Rise in Prevalence of Orthopedic Diseases
3.3.1.2. Increase in Geriatric Population Across the Globe
3.3.2. Restraints
3.3.2.1. High Costs Associated With Orthopedic Implant Procedures
3.3.2.2. Stringent Government Approval Process
3.3.3. Opportunity
3.3.3.1. High Market Potential in Emerging Economies
Chapter 4: Orthopedic Devices Market, by Application
4.1. Overview
4.1.1. Market Size and Forecast
4.2. Hip Orthopedic Devices
4.2.1. Key Market Trends and Opportunities
4.2.2. Market Size and Forecast
4.2.3. Market Share Analysis, by Country
4.3. Knee Orthopedic Devices
4.3.1. Key Market Trends and Opportunities
4.3.2. Market Size and Forecast
4.3.3. Market Share Analysis, by Country
4.4. Spine Orthopedic Devices
4.4.1. Key Market Trends and Opportunities
4.4.2. Market Size and Forecast
4.4.3. Market Share Analysis, by Country
4.5. Craniomaxillofacial Orthopedic Devices
4.5.1. Key Market Trends and Opportunities
4.5.2. Market Size and Forecast
4.5.3. Market Share Analysis, by Country
4.6. Dental Orthopedic Devices
4.6.1. Key Market Trends and Opportunities
4.6.2. Market Size and Forecast
4.6.3. Market Share Analysis, by Country
4.7. Sports Injuries, Extremities and Trauma (Set) Orthopedic Devices
4.7.1. Key Market Trends and Opportunities
4.7.2. Market Size and Forecast
4.7.3. Market Share Analysis, by Country
Chapter 5: Orthopedic Devices Market, by Product
5.1. Overview
5.1.1. Market Size and Forecast
5.2. Drill Guide
5.2.1. Market Size and Forecast
5.2.2. Market Share Analysis, by Country
5.3. Guide Tubes
5.3.1. Market Size and Forecast
5.3.2. Market Share Analysis, by Country
5.4. Implant Holder
5.4.1. Market Size and Forecast
5.4.2. Market Share Analysis, by Country
5.5. Custom Clamps
5.5.1. Market Size and Forecast
5.5.2. Market Share Analysis, by Country
5.6. Distracters
5.6.1. Market Size and Forecast
5.6.2. Market Share Analysis, by Country
5.7. Screw Drivers
5.7.1. Market Size and Forecast
5.7.2. Market Share Analysis, by Country
5.8. Accessories
5.8.1. Market Size and Forecast
5.8.2. Market Share Analysis, by Country
Chapter 6: Orthopedic Devices Market, by Region
6.1. Overview
6.1.1. Market Size and Forecast
6.2. North America
6.2.1. Key Market Trends and Opportunities
6.2.2. Market Size and Forecast, by Country
6.2.3. Market Size and Forecast, by Product
6.2.4. Market Size and Forecast, by Application
6.2.5. U. S.
6.2.5.1. U. S. Market Size and Forecast, by Product
6.2.5.2. U. S. Market Size and Forecast, by Application
6.2.6. Canada
6.2.6.1. Canada Market Size and Forecast, by Product
6.2.6.2. Canada Market Size and Forecast, by Application
6.2.7. Mexico
6.2.7.1. Mexico Market Size and Forecast, by Product
6.2.7.2. Mexico Market Size and Forecast, by Application
6.3. Europe
6.3.1. Key Growth Factors and Opportunities
6.3.2. Market Size and Forecast, by Country
6.3.3. Market Size and Forecast, by Product
6.3.4. Market Size and Forecast, by Application
6.3.6. Germany
6.3.6.1. Germany Market Size and Forecast, by Product
6.3.6.2. Germany Market Size and Forecast, by Application
6.3.7. France
6.3.7.1. France Market Size and Forecast, by Product
6.3.7.2. France Market Size and Forecast, by Application
6.3.8. UK
6.3.8.1. UK Market Size and Forecast, by Product
6.3.8.2. UK Market Size and Forecast, by Application
6.3.9. Italy
6.3.9.1. Italy Market Size and Forecast, by Product
6.3.9.2. Italy Market Size and Forecast, by Application
6.3.10. Russia
6.3.10.1. Russia Market Size and Forecast, by Product
6.3.10.2. Russia Market Size and Forecast, by Application
6.3.11. Rest of Europe
6.3.11.1. Rest of Europe Market Size and Forecast, by Product
6.3.11.2. Rest of Europe Market Size and Forecast, by Application
6.4. Asia-Pacific
6.4.1. Key Growth Factors and Opportunities.
6.4.2. Market Size and Forecast, by Country
6.4.3. Market Size and Forecast, by Product
6.4.4. Market Size and Forecast, by Application
6.4.6. Japan
6.4.6.1. Japan Market Size and Forecast, by Product
6.4.6.2. Japan Market Size and Forecast, by Application
6.4.7. China
6.4.7.1. China Market Size and Forecast, by Product
6.4.7.2. China Market Size and Forecast, by Application
6.4.8. India
6.4.8.1. India Market Size and Forecast, by Product
6.4.8.2. India Market Size and Forecast, by Application
6.4.9. South Korea
6.4.9.1. South Korea Market Size and Forecast by Product
6.4.9.2. South Korea Market Size and Forecast, by Application
6.4.10. South-East Asia
6.4.10.1. South-East Asia Market Size and Forecast by Product
6.4.10.2. South-East Asia Market Size and Forecast, by Application
6.4.11. Rest of Asia-Pacific
6.4.11.1. Rest of Asia-Pacific Market Size and Forecast by Product
6.4.11.2. Rest of Asia-Pacific Market Size and Forecast, by Application
6.5. LAMEA
6.5.1. Key Growth Factors and Opportunities
6.5.2. Market Size and Forecast, by Country
6.5.3. Market Size and Forecast, by Product
6.5.4. Market Size and Forecast, by Application
6.5.5. Brazil
6.5.5.1. Brazil Market Size and Forecast, by Product
6.5.5.2. Brazil Market Size and Forecast, by Application
6.5.6. Saudi Arabia
6.5.6.1. Saudi Arabia Market Size and Forecast, by Product
6.5.6.2. Saudi Arabia Market Size and Forecast, by Application
6.5.7. South Africa
6.5.7.1. South Africa Market Size and Forecast, by Product
6.5.7.2. South Africa Market Size and Forecast, by Application
6.5.8. Turkey
6.5.8.1. Turkey Market Size and Forecast, by Product
6.5.8.2. Turkey Market Size and Forecast, by Application
6.5.9. Rest of LAMEA
6.5.9.1. Rest of LAMEA Market Size and Forecast, by Product
6.5.9.2. Rest of LAMEA Market Size and Forecast, by Application
Chapter 7: Company Profiles
7.1. B. Braun Melsungen AG
7.1.1. Company Overview
7.1.2. Company Snapshot
7.1.3. Operating Business Segments
7.1.4. Product Portfolio
7.1.5. Business Performance
7.2. Arthrex, Inc.
7.2.1. Company Overview
7.2.2. Company Snapshot
7.2.3. Operating Business Segments
7.2.4. Product Portfolio
7.3. Medtronic plc
7.3.1. Company Overview
7.3.2. Company Snapshot
7.3.3. Operating Business Segments
7.3.4. Product Portfolio
7.3.5. Business Performance
7.3.6. Key Strategic Moves and Developments
7.4. Stryker Corporation
7.4.1. Company Overview
7.4.2. Company Snapshot
7.4.3. Operating Business Segments
7.4.4. Product Portfolio
7.4.5. Business Performance
7.4.6. Key Strategic Moves and Developments
7.5. Zimmer Biomet Holdings, Inc.
7.5.1. Company Overview
7.5.2. Company Snapshot
7.5.3. Operating Business Segments
7.5.4. Product Portfolio
7.5.5. Business Performance
7.5.6. Key Strategic Moves and Developments
7.6. Wright Medical Group N. V.
7.6.1. Company Overview
7.6.2. Company Snapshot
7.6.3. Operating Business Segments
7.6.4. Product Portfolio
7.6.5. Business Performance
7.7. Smith & Nephew plc.
7.7.1. Company Overview
7.7.2. Company Snapshot
7.7.3. Operating Business Segments
7.7.4. Product Portfolio
7.7.5. Business Performance
7.7.6. Key Strategic Moves and Developments
7.9. Globus Medical Inc.
7.9.1. Company Overview
7.9.2. Company Snapshot
7.9.3. Operating Business Segments
7.9.4. Product Portfolio
7.9.5. Business Performance
7.10. Djo Global, Inc.
7.10.1. Company Overview
7.10.2. Company Snapshot
7.10.3. Operating Business Segments
7.10.4. Product Portfolio
7.10.5. Key Strategic Moves and Developments
7.11. Conmed Corporation
7.11.1. Company Overview
7.11.2. Company Snapshot
7.11.3. Operating Business Segments
7.11.4. Product Portfolio
7.11.5. Business Performance
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Arthrex Inc.
  • B. Braun Melsungen AG
  • CONMED Corporation
  • DJO Global Inc.
  • Globus Medical Inc.
  • Medtronic Plc.
According to the report titled, 'Orthopedic Devices Market by Product and Application: Gl lobaOpportunity Analysis and Industry Forecast, 2019-2026',the global orthopedic devices market size was valued at $37.2 billion in 2018 and is projected to reach $47.7 billion by 2026, registering a CAGR of 3.1% from 2019 to 2026. Orthopedic device is a device that is used for preventing and treating of deformities and injuries in a musculoskeletal system of the body. In addition, orthopedic devices include bandages, splints, prostheses, and special apparatus. In recent years, the orthopedic devices have evolved much over the past few decades, due to its larger prevalence and which high focus on the research and development of hip and knee devices across the globe. The orthopedic devices market is expected to grow at a higher rate owing to surge in prevalence of orthopedic injuries or diseases and rapid increase in the aging population. However, high cost associated with procedures involving orthopedic devices treatment and stringent government policies hamper the orthopedic devices market growth. On the contrary, the emerging economies present lucrative opportunities to the market.

The report segments the orthopedic device market based on product, application, and region to provide a detailed assessment of the market. Based on product, the market is divided into drill guide, guide tubes, implant holder, custom clamps, distracters, screw drivers, and accessories. Based on application, the market is divided into hip orthopedic devices, knee orthopedic devices, spine orthopedic devices, craniomaxillofacial orthopedic devices, dental orthopedic devices, and sports injuries, extremities and trauma (set) orthopedic devices. Based on region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Based on product, the drill guide segment accounted for the largest share in 2018, and is anticipated to continue this trend during the forecast period. This is attributed to its frequent use in orthopedics by the surgeons and doctors in the hospitals. By application, the knee orthopedic devices segment dominated the orthopedic devices market in 2018, and is anticipated to maintain its dominance during the forecast period. This is attributed to surge in usage of knee orthopedic devices in osteoarthritis, and knee replacement, rheumatoid arthritis, and posttraumatic arthritis across the globe. For instance, according to the American Academy of Orthopedic Surgeons, in the U.S., more than 600,000 knee replacement surgeries are performed every year. Nearly half American adults develop osteoarthritis in at least one knee during their lifetime. In addition, surge in geriatric population worldwide leads to rise in the demand of knee implants. Hip orthopedic devices segment is expected to be the fastest growing segment in the forecast year owing to increasing usage of hip fracture fixation and total hip arthroplasty treatments majorly for arthritis. Region wise, North America held the largest orthopedic devices market share in 2018, followed by Europe. The factors that drive the overall growth of the North American orthopedic devices market include increase in government initiatives such as precision medicine and affordable care act as well as surge in prevalence orthopedic disorders. Furthermore, the leading players such as Arthrex, Inc., Stryker Corporation, and Zimmer Biomet Holdings, Inc. in this market have continuously focused on orthopedic device approvals, launches and acquisition to maintain the dominance in the market. Moreover, rise in geriatric population, and increase in car accidents are boosting the number of orthopedic surgeries in the region. Asia-Pacific is expected to be the fastest growing market during the forecast period, owing to increase in geriatric population, rise in an orthopedic related disorder, high disposable incomes, and surge in awareness toward the adoption of orthopedic devices products.

The report provides a comprehensive analysis of the key players operating in the global orthopedic devices market, which include Arthrex, Inc., CONMED Corporation, DJO Global, Inc., Globus Medical Inc., B. Braun Melsungen AG, Medtronic Plc., Smith & Nephew Plc., Stryker Corporation, Wright Medical Group N.V., and Zimmer Biomet Holdings, Inc. The other players in the value chain (companies not included in the report) include DePuy Synthes; Smith and Nephew PLC, Aesculap Implant Systems, LLC, Conmed Corporation, Donjoy, Inc, and NuVasive, Inc.

Key Findings of the Study:

Based on application, the hip orthopedic devices segment is expected to grow at fastest during the forecast period.
Depending on product, the drill guide is expected to exhibit the highest CAGR with 3.70% during the forecast period.
U.S. generated the highest revenue in the global orthopedic devices market in 2018, accounting for more than two-fifths of the global market.
Asia-Pacific is estimated to grow at the highest CAGR of 4.40% during the forecast period.
Note: Product cover images may vary from those shown
  • Arthrex Inc.
  • CONMED Corporation
  • DJO Global Inc.
  • Globus Medical Inc.
  • B. Braun Melsungen AG
  • Medtronic Plc.
  • Smith & Nephew Plc.
  • Stryker Corporation
  • Wright Medical Group N.V.
  • Zimmer Biomet Holdings Inc
Note: Product cover images may vary from those shown

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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