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The global Orthopedics Devices Market is expected to reach USD 65.29 Billion by 2027, according to a new report by Emergen Research. The demand for the market is propelled by factors such as the rising occurrence of osteoporosis, musculoskeletal conditions, technological advancements, growing prevalence of sports accidents, increasing geriatric population, and increased obesity prevalence. Orthopedic devices are equipped for the treatment of musculoskeletal conditions by removing the hip, knee, spine, cranio-maxillofacial (CMF) bone. These also offer treatment for broken bones and muscles, smothering the recovery cycle. Orthopedic devices are designed to gain rigidity and resilience with the titanium or stainless steel alloys.
A rise in the population of elderly people is a major factor driving the growth of the market, owing to the growing occurrence of hip fractures in the elderly. Adults aged more than 65 years are assumed to be hospitalized each year for hip fractures, as published by the United Health Foundation. Approximately 30 percent of seniors are dropping last year, resulting in a rise in the number of orthopedic accidents, which increases the demand for orthopedic equipment at a substantial pace.
The demand in the North America region is marked by a rise in the incidence of orthopedic surgery, combined with sufficient orthopedic patient reimbursement policies. These causes, along with a greater understanding within the patient community of technologically developed orthopedic equipment and alternative medical solutions available in the area, are responsible for the predominant proportion of the region in the global market.
The scope of the study extends to the diverse factors influencing the Orthopedics Devices sector, including the market scenario, regulatory framework implemented by governmental authorities, in-depth analysis of historical data, market trends, latest and pivotal technological development, emerging innovations, market risks, factors detrimental to market growth, and challenges faced by the existing players operating in the sector.
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A few of the leading players operating in the Orthopedics Devices market research report are:
CONMED Corporation, Medtronic PLC, Zimmer-Biomet Holdings Inc., Smith & Nephew PLC, Aesculap Implant Systems LLC, Stryker Corporation, Donjoy Inc., DePuy Synthes, NuVasive Inc., and B. Braun Melsungen AG.
The report primarily sheds light on the Orthopedics Devices essentials, such as definitions, arrangements, applications, and review of the industry, discussing the product offerings, producing forms, pricing assessment, and feedstock, among others. The Orthopedics Devices report investigates the global landscape by conducting an economy-wide assessment, along with a comprehensive study involving product costing, drivers and restraints, production, distribution, demands, and year-on-year growth rate.
Segments Covered in this report are:
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This Orthopedics Devices Market study also discusses the cost volatility observed both in the historical data collected for the period 2017-2019 and potential trends for the forecast years 2020-2028, based on the optimum capacity along with the points of view and estimated market estimations. This global market report also evaluates the data relating to the vendors functioning in the sector and buyers, providing an exhaustive database of crucial aspects of the Orthopedics Devices sector.
Assessing the contemporary market dynamics, the statistical survey report has also demonstrated the latest pivotal advancements and market participants based on a critical assessment of the same. The study draws accurate predictions for the business to assist consumers plan their future business moves after gaining a fair perspective of the future sector.
Key aspects covered by this study
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Some key aspects explored in this report are:
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Overall, the Orthopedics Devices Market intelligence report deduces accurate market estimations by utilizing the principles of Breakdown and Data Triangulation to assess factors like shift in consumer inclination, existent knowledgebase, market valuation, and verified sources. These aspects might play a crucial role in the potential growth of the worldwide sector.
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trend’s existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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The post The Global Orthopedics Devices Market is expected to reach a value of USD 65.29 Billion by 2027 growing at a CAGR of 3.9% over the forecast period (2021 – 2027)- Emergen Research appeared first on Market O Graphics.
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