Orthopedic Devices Global Market Report 2021: COVID-19 Impact and Recovery to 2030 provides the strategists, marketers and senior management with the critical information they need to assess the global orthopedic devices market as it emerges from the COVID-19 shut down.
Reasons to Purchase
Description:
Where is the largest and fastest growing market for the orthopedic devices? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Orthopedic Devices market global report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider orthopedic devices market, and compares it with other markets.
Scope
Markets Covered:
1) By Type: Joint Reconstruction Devices and Equipment; Spinal Surgery Devices and Equipment; Trauma Fixation Devices and Equipment; Orthobiologics Devices and Equipment; Arthroscopy Devices and Equipment; Orthopedic Braces and Support Devices and Equipment; Craniomaxillofacial (CMF) Devices and Equipment; Orthopedic Prosthetics
2) By End User: Hospitals and Clinics; Diagnostic Laboratories; Others
3) By Type of Expenditure: Public; Private
4) By Product: Instruments/Equipment; Disposables
Companies Mentioned: Johnson & Johnson; Zimmer Biomet Holdings; Stryker Corporation; Smith & Nephew PLC; B. Braun Melsungen
Metrics Covered: Number of Enterprises; Number of Employees
Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, orthopedic devices indicators comparison.
Data segmentations: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Description:
Where is the largest and fastest growing market for the orthopedic devices? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Orthopedic Devices market global report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider orthopedic devices market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The orthopedic devices market section of the report gives context. It compares the orthopedic devices market with other segments of the medical equipment market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, orthopedic devices indicators comparison.
Scope
Markets Covered:
1) By Type: Joint Reconstruction Devices and Equipment; Spinal Surgery Devices and Equipment; Trauma Fixation Devices and Equipment; Orthobiologics Devices and Equipment; Arthroscopy Devices and Equipment; Orthopedic Braces and Support Devices and Equipment; Craniomaxillofacial (CMF) Devices and Equipment; Orthopedic Prosthetics
2) By End User: Hospitals and Clinics; Diagnostic Laboratories; Others
3) By Type of Expenditure: Public; Private
4) By Product: Instruments/Equipment; Disposables
Companies Mentioned: Johnson & Johnson; Zimmer Biomet Holdings; Stryker Corporation; Smith & Nephew PLC; B. Braun Melsungen
Metrics Covered: Number of Enterprises; Number of Employees
Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, orthopedic devices indicators comparison.
Data segmentations: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Frequently Asked Questions about the Global Orthopedic Devices Market
What is the estimated value of the Global Orthopedic Devices Market?
What is the growth rate of the Global Orthopedic Devices Market?
What is the forecasted size of the Global Orthopedic Devices Market?
Who are the key companies in the Global Orthopedic Devices Market?
| Report Attribute | Details |
|---|---|
| Published | February 2021 |
| Forecast Period | 2021 - 2025 |
| Estimated Market Value ( USD | $ 49.59 billion |
| Forecasted Market Value ( USD | $ 61.08 billion |
| Compound Annual Growth Rate | 5.3% |
| Regions Covered | Global |
Table of Contents
1. Executive Summary2. Report Structure7. Orthopedic Devices Market Trends and Strategies8. Impact of COVID-19 on Orthopedic Devices21. Key Mergers and Acquisitions in the Orthopedic Devices Market25. Copyright and Disclaimer
3. Orthopedic Devices Market Characteristics
4. Orthopedic Devices Market Product Analysis
5. Orthopedic Devices Market Supply Chain
6. Orthopedic Devices Market Customer Information
9. Orthopedic Devices Market Size and Growth
10. Orthopedic Devices Market Regional Analysis
11. Orthopedic Devices Market Segmentation
12. Orthopedic Devices Market Metrics
13. Asia-Pacific Orthopedic Devices Market
14. Western Europe Orthopedic Devices Market
15. Eastern Europe Orthopedic Devices Market
16. North America Orthopedic Devices Market
17. South America Orthopedic Devices Market
18. Middle East Orthopedic Devices Market
19. Africa Orthopedic Devices Market
20. Orthopedic Devices Market Competitive Landscape
22. Market Background: Medical Equipment Market
23. Recommendations
24. Appendix
Executive Summary
Major companies in the orthopedic devices market include Johnson & Johnson; Zimmer Biomet Holdings; Stryker Corporation; Smith & Nephew PLC and B. Braun Melsungen.The global orthopedic devices market is expected to grow from $42.7 billion in 2020 to $49.59 billion in 2021 at a compound annual growth rate (CAGR) of 16.1%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $61.08 billion in 2025 at a CAGR of 5%.
The orthopedic devices market consists of sales of orthopedic devices and related services by entities (organizations, sole traders and partnerships) that produce orthopedic devices used in treating bone abnormalities. This market is segmented into joint reconstruction devices and equipment; spinal surgery devices and equipment; trauma fixation devices and equipment; orthobiologics devices and equipment; arthroscopy devices and equipment; orthopedic braces and support devices and equipment; craniomaxillofacial (CMF) devices and equipment; orthopedic prosthetics; orthopedic accessories.
North America was the largest region in the global orthopedic devices market, accounting for 44% of the market in 2020. Asia Pacific was the second largest region accounting for 23% of the global orthopedic devices market. Africa was the smallest region in the global orthopedic devices market.
Biodegradable implants are increasingly being used in trauma orthopedic surgeries. Biodegradable implants are used to replace a missing biological structure, support a damaged biological structure, and enhance the existing bone structure. Biodegradable products such as reabosorbable polymers composed of polyglycolic acid and poly lactic acid manufactured in the form of plates, screws, and pins are replacing traditional devices like plates and screws which are more expensive. Surgeons are preferring biodegradable implants to replace conventional implants, as biodegradable implants can be engineered to provide temporary support for bone fractures; can degrade at a rate matching new tissue formation; can eliminate the need for second surgery, are highly useful in fracture fixation in children; and result in less implant related infections. For instance, Stryker Corporation offers orthrobiologics such as bone repair biodegradable products that are used in bone regeneration and bone healing, soft tissue regeneration and muscle connection to bone.
The orthopedic devices market was limited by development of new drugs and therapies which allow patients to avoid surgical procedures. With advances in tissue engineering, stem-cell therapy and other treatment alternatives such as platelet-rich plasma (PRP) injections, patients are able to avoid surgical procedures for medical conditions such as arthritis, tendonitis and others. This has negatively impacted the demand for orthopedic devices as an increasing number of people opted for these alternative treatment methods, to avoid risks and complications associated with orthopedic procedures.
The increase in patient pool due to rising geriatric population globally, contributed significantly to the growth of the orthopedic devices market during the historic period. According to the Population Reference Bureau, the share of population over the age of 65 in the global population increased from 8% in 2015 to 9% in 2019. The global population aged 65 years or over was 703 million in 2019. This rise in the geriatric population increased the demand for medical care and drove the healthcare expenditure. For instance, in 2017, half of the Dutch healthcare budget was spent on elderly over 65. These factors increased the demand for these products and drove the market during the historic period.
Companies Mentioned
A selection of companies mentioned in this report includes:
- Johnson & Johnson
- Zimmer Biomet Holdings
- Stryker Corporation
- Smith & Nephew PLC
- B. Braun Melsungen
Methodology
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