Orthopedic
Devices Market Expected to Reach USD 41.2 Billion Globally in 2019. Growing
elderly population combined with the rise in risk for osteoporosis,
osteoarthritis, injuries and obesity, contribute to the growth of this market
particularly in emerging economies of the Middle East, and the Asian countries
such as China and India. Technological advancements such as bio-absorbable implants
coupled with increase in the success rate of these implants and fixators in the
emerging market, will also drive growth in this sector.
Full Press Release Follows.
SOURCE: Transparency Market Research | Web: http://www.transparencymarketresearch.com/
NEW YORK, January
30, 2014 /PRNewswire/ --According to a new market report published by
Transparency Market Research, "Orthopedic Devices Market (Hip, Knee,
Spine, Shoulder, Elbow, Foot and Ankle, Craniomaxillofacial and Other
Extremities ) - Global Industry Analysis, Size, Share, Growth,
Trends and Forecast, 2013 – 2019,” the global
orthopedic devices market was valued at USD 29.2 billion in 2012 and is
expected to grow at a CAGR of 4.9% from 2013 to 2019, to reach an estimated
value of USD 41.2 billion in 2019.
Browse
Orthopedic Devices Market Report with Full TOC at http://www.transparencymarketresearch.com/orthopedic-devices-market.html
Orthopedic
devices are used to provide or restore stability by placing them within the
body's skeleton. These help in correcting the problems associated with the bone
and joints such as injuries or deformities. Insertion of these orthopedic
devices such as joint implants, internal and external fixators involves
surgical procedures which can be minimally invasive. Growing elderly population
combined with the rise in risk for osteoporosis, osteoarthritis, injuries and
obesity, contribute to the growth of this market particularly in emerging
economies of the Middle East, and the Asian countries such as China and India. Furthermore,
technological advancements such as bio-absorbable implants coupled with
increase in the success rate of these implants and fixators in the emerging
market, will serve as an opportunity for investors to invest in.
The
global market for orthopedic devices has been studied from the perspective of
widely used various orthopedic devices and number of procedures for particular
anatomical location. The report provides a detailed analysis of orthopedic
devices for hip, knee, shoulder, elbow, foot and ankle, and other extremities.
These are further segmented into joint implants, internal fixation devices and
external fixation devices. The others extremities segment comprises the market
for wrists, digits and hand. The market has also been estimated for spinal
orthopedic devices which includes cervical and thoracolumbar spinal implants
and the internal fixation devices. Moreover, orthopedic devices for
craniomaxillofacial comprises only of internal fixation devices.
In
2012, knee orthopedic devices accounted for the largest share by revenue of the
total orthopedic
devices market. However, the product recalls caused due to factors
such as implant loosening, corrosion, wear, and manufacturing errors are
expected to have a major impact on the overall market revenue. Thus, the U.S.
and European markets are anticipated to see a decline in growth during the
forecast period. The market for hip orthopedic products accounted for the
second largest share in 2012. It is estimated that the global market for hip
devices will grow at a CAGR of over 5.9% from 2013 to 2019, owing to its high
incidence rate of hip fractures and demand for hip replacement procedures.
The
report also provides market estimations for orthopedic consumables during the
forecast period of 2013 to 2019. This market has been segmented as anchors and
staples. Anchors form a major share of the total orthopedic consumables market
contributing to around 80% of the market share in 2012. The overall orthopedic
consumables market is expected to grow to reach a value of USD 457 million by
2019.
Geographically,
North America dominated the global market for orthopedic devices in terms of
revenue generation and is expected to maintain its position throughout the
forecast period. The adoption of bio absorbable implants, growing elderly
population and rise in incidences of osteoporosis, osteoarthritis, and obesity
in the U.S., consequently leading to various types of fractures, is expected to
contribute to the leadership of the North American market. Europe was the
second largest regional market for orthopedic devices in 2012, owing to the
increased demand for drug eluting stents and infusion pumps. Asia-Pacific is
expected to be the fastest growing region in the global orthopedic devices
market from 2013 to 2019.
The global hip and
knee orthopedic devices market is dominated by major players including Depuy
Synthes, Zimmer and Stryker, while the overall spinal devices market is
dominated by Medtronic, Depuy, Styrker and NuVasive.
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The global orthopedic devices market is segmented
as follows:
Orthopedic Devices Market, by Anatomical Location
▪ Hip
◦
Hip
Joint Implants
▪
Metal
on metal
▪
Ceramic
on ceramic
▪
Ceramic
on polyethylene
◦
Hip
Internal Fixation Devices
▪
Nails/Rods
▪
Plates
▪
Screws
▪
Wires
◦
Hip
External Fixation Devices
▪
Frames
▪
Pins
▪ Knee
◦
Knee
Joint Implants
▪
Posterior
stabilization design
▪
Cruciate
retaining design
▪
Uni-compartmental
knee implant
◦
Knee
Internal Fixation Devices
▪
Pins
▪
Plates
▪
Screws
▪
Wires
◦
Knee
External Fixation Devices
▪
Frames
▪
Clamps
▪
Pins
▪ Spine
◦
Spine
Joint Implants
▪
Cervical
Implants
▪
Thoracolumbar
Implants
◦
Spine
Internal Fixation Devices
▪
Nails/Rods
▪
Plates
▪
Screws
▪
Wires
▪ Shoulder
◦
Shoulder
Joint Implants
▪
Total
joint implant
▪
Resurfacing
◦
Shoulder
Internal Fixation Devices
▪
Pins
▪
Nails/Rods
▪
Plates
▪
Screws
▪
Wires
◦
Shoulder
External Fixation devices
▪
Frames
▪
Clamps
▪
Pins
▪ Elbow
◦
Elbow
Joint Implants
◦
Elbow
Internal Fixation Devices
▪
Pins
▪
Plates
▪
Screws
▪
Wires
◦
Elbow
External Fixation Devices
▪
Frames
▪
Clamps
▪
Pins
▪ Foot and Ankle
◦
Foot
and Ankle Joint Implants
◦
Foot
and Ankle Internal Fixation Devices
▪
Pins
▪
Nail/Rods
▪
Plates
▪
Screws
▪
Wires
◦
Foot
and Ankle External Fixation Devices
▪
Frames
▪
Clamps
▪
Pins
▪ Cranio-Maxillofacial (CMF)
◦
CMF
Internal Fixation Devices
▪
Mesh
▪
Plates
▪
Screws
▪
Wires
▪ Other Extremities
◦
Joint
Implants
◦
Internal
Fixation Devices
▪
Pins
▪
Nails/Rods
▪
Plates
▪
Wires
▪
Screws
◦
External
Fixation
▪
Frames
▪
Pins
Orthopedic Devices Market, by Consumables
▪ Anchors
◦
Suture
anchors
◦
Metallic
anchors
▪ Staples
Orthopedic Devices Market, by Geography
▪ North America
▪ Europe
▪ Asia-Pacific
▪ Rest of the World (RoW)
Browse all Medical Devices Market Research
Reports @ http://www.transparencymarketresearch.com/medical-devices-market-reports-6.html
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