Orthopedic Devices Market Expected to Reach USD 41.2 Billion Globally in 2019

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.

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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.

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 About Us Transparency Market Research is a global market intelligence company, providing global business information reports and services. 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