Orthopedic Devices Market, By Product Type (Hip Orthopedic Devices, Knee Orthopedic Devices, Spine Orthopedic Devices, Shoulder Orthopedic Devices, Elbow Orthopedic Devices, Foot and Ankle Orthopedic Devices, CMF Orthopedic Devices Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

Published In : Jun 2020

Code : CMI3946

Pages :155

Formats :

Excel and PDF

Industry : Medical Devices

Orthopedic Devices MarketSize and Trends

Statistics:

The global orthopedic devices market is estimated to account for US$ 60,052.8 Mn in terms of value by the end of 2027.

Statistics:

North America held dominant position in the global orthopedic devices market in 2019, accounting for 39.4% share in terms of value, followed by Europe and Asia Pacific, respectively

Figure 1: Global Orthopedic Devices Market Share (%) Value, By Region, 2019

Statistics:

The global orthopedic devices market was valued at US$ 40,772.0 Mn in 2019 and is forecast to reach a value of US$ 60,052.8 Mn by 2027 at a CAGR of 5.0% between 2020 and 2027.

Figure 2: Global Orthopedic Devices Market Value (US$ Bn), 2016 – 2027

Market Trends/Key Takeaways

Increasing prevalence of obesity is boosting growth of the market. For instance, the study, ‘Rising incidence of obesity in Saudi residents. A threatening challenge for the surgeons’, published in the International Journal of Health Sciences, in January 2018, reported obesity in 42% of the study population with low physical activity levels and unhealthy dietary habits.

Major players in the market are focused on R&D of new devices. For instance, in June 2018, Breg, Inc. hosted a co-creation workshop on bracing solutions with orthopedic surgeons and administrators