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Orthopedic Devices Market Analysis .pdf



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GLOBAL INDUSTRY INSIGHT:
Orthopedic Devices Market Size, Share, Development, Growth and
Demand Forecast to 2020

l

Global Orthopedic Devices Market Size, Share, Development,
Growth and Demand Forecast to 2020

Orthopedics is a branch of medicine that is concerned with the prevention of disorders, deformities or injuries of
the skeleton and associated structures such as tendons and ligaments. Orthopedic devices are used to implant
and restore the skeletal structure and joint movement after the disorders such as fractures, abnormal growth of
bones, soft tissue damage and other deformities. Orthopedic devices had been used effectively in reducing pain,
restoring mobility and improving quality of life of the consumers across the globe. Before implanting an orthopedic
device into patient’s body, doctors check x-ray and scan report of patient to diagnose the disorders. Doctors
implant orthopedic devices that are well suited for the patient’s body, as most of the devices have to remain in the
body for the remaining life of patient.
For more information visit: https://www.psmarketresearch.com/market-analysis/orthopedic-devices-market
In orthopedic devices, generally metal alloys are used due to their properties such as rigidity, fracture toughness,
corrosion resistance, long fatigue life, stiffness, and biocompatibility. Whereas, polymers are used as articulating
surfaces of joint replacements and as a cementing material between implant surfaces and bone. Polyether ether
ketone (PEEK) implants are generally used for spinal implants as it has advantages such as high mechanical
strength.
The various devise types available in the global orthopedic devices market are joint reconstruction, orthobiologics,
trauma fixation devices, spinal devices, orthopedic accessories, orthopedic braces, and arthroscopic devices.
Orthopedic devices are surgically implanted or externally attached through simple persistent procedures. The
devices are categorized as joint implants, internal fixation and external fixation devices. The orthopedic devices
are used for various anatomical locations such as hip, knee, shoulder, spinal, elbow, foot and ankle orthopedic
devices. Further, the orthopedic devices market can be categorized as knee orthopedic joint implants, knee
orthopedic internal fixation devices, knee orthopedic external fixation devices, elbow orthopedic joint implants,
elbow orthopedic internal fixation devices, elbow orthopedic external fixation devices, spinal orthopedic joint
implants, spinal orthopedic internal fixation devices, shoulder orthopedic joint implants, shoulder orthopedic
internal fixation devices and shoulder orthopedic external fixation devices.
In Asia-Pacific, demand for minimally invasive surgeries and anatomy specific implants are one of the major
opportunities for the orthopedic devices market. Some of the factors driving the growth of orthopedic devices
market are rise in geriatric population and obesity, prevalence of osteoporosis and osteoarthritis, and road and
sports injuries. Emerging technologies such as bio-absorbable implants and minimal invasive procedures are also
supporting the orthopedic devices market to grow at a significant rate. Whereas, continuous product recalls,
economic crises, generic orthopedic products and political reforms are some of the factors creating hindrances in
the overall growth of orthopedic devices market.

© P&S Market Research. All rights reserved

2

Global Orthopedic Devices Market Size, Share, Development,
Growth and Demand Forecast to 2020

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North America dominates the global orthopedic devices market, attributed to high per capita expenditure on the
healthcare services in the region. Asia-Pacific is the fastest growing market for orthopedic devices owing to the
large population, increasing incidence of lifestyle diseases and development of modern healthcare service
industry in the region.
Some of the major companies operating in the orthopedic devices market are Zimmer Holdings Inc., Medtronic
Inc., Wright Medical Technology Inc., Orthofix Holdings Inc., NuVasive Inc., TriMed Inc., Stryker Corporation,
Smith & Nephew PLC, Small Bone Innovations Inc., Solana Surgical LLC, DePuy Synthes Inc. Integra
LifeSciences, Aesculap, Inc., and ArthroCare Corporation.
About P&S Market Research
P&S Market Research is a market research company, which offers market research and consulting services for
various geographies around the globe. We provide market research reports, industry forecasting reports,
business intelligence, and research based consulting services across different industry/business verticals.
As one of the top growing market research agency, we’re keen upon providing market landscape and accurate
forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through
their interaction with leading companies of the concerned domain. We help our clients with B2B market research
and assist them in identifying various windows of opportunity, and framing informed and customized business
expansion strategies in different regions.

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© P&S Market Research. All rights reserved

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