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Orthopedic Devices Market is expected to cross USD 50 Billion by 2022

(MoneyNewsWire.Net, January 10, 2018 ) According to the report Orthopedic Devices Market, published by Market Data Forecast, the Global market is projected to reach USD 51.6 billion by 2022, at a CAGR of 5.1% from 2017 to 2022

Medical devices which are manufactured to substitute a missing bone or joint or to reinforce a damaged bone are called orthopedic implants or devices. These implants are manufactured using titanium alloys and stainless steel to provide strength and a layer of plastic coating is provided to act as cartilage. Rods, screws, pins, and plates are most common orthopedic devices used to support damaged bones. Replacements are permanent whereas support implants are removed after the healing process.

Get a comprehensive overview of the Orthopedic Devices Market:

Orthopedic Devices Market: Drivers & Restraints
Growing number of road accidents and sports injuries, increasing prevalence orthopedic diseases such as osteoarthritis and osteoporosis and advanced manufacturing equipment for orthopedic devices are driving the market growth. Increasing geriatric population and growing number of rehabilitation centers are also driving the market growth.

However, frequent product recalls, high costs of the products and relevant procedures are restraining the market growth.

Get accurate market forecast and analysis on the Orthopedic Devices Market. Request a sample to stay up-to-date on the main trends affecting this market:

Orthopedic Devices Market: Segmentation
By Anatomical location
Foot and Ankle
By Type of Consumables
Orthopedic staples
Orthopedic suture anchors
o Restorable suture anchors
o Metallic suture anchors
By Geography
North America
o United States
o Canada
o U.K
o Spain
o Germany
o Italy
o France
Asia Pacific
o China
o India
o Japan
o Australia
o South Korea
Latin America
o Brazil
o Argentina
o Mexico
o Rest of Latin America
Middle East & Africa
o Middle East
o Africa

From simple data collation through secondary and primary research to ad-hoc research requests relating to specific information, we provide our services via customization. Get customization at:

Orthopedic Devices Market: Overview
Based on the Anatomical location, knee segment holds the largest market share. It is due to the increasing number of knee osteoarthritis in geriatric population. Hip implants are the fastest growing segment due to the large number of hip injuries in old people and also in case of sports injuries. Based on type of consumables, orthopedic suture anchors hold the largest market share. It is due to the greater stability provides by suture anchors than staples.

North America leads the Orthopedic Devices market. It is due to advanced healthcare infrastructure and rising number of road accidents in USA. Asia Pacific is expected to be the fastest growing market due to the large geriatric population and increasing prevalence of orthopedic diseases. Also, due to the large population base, orthopedic device manufacturers are expanding into this region.

Orthopedic Devices Market: Key Players
Major players in the Orthopedic Devices market are Stryker, Medtronic, DePuy, Zimmer Inc., Smith & Nephew, Synthes, and Biome.

About Market Data Forecast:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialities with competitive pricing options. For more information, kindly visit,

Abhishek Shukla
Sales Manager (International Business Development)
Market Data Forecast
Direct Line: +1-888-702-9626
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