Orthopedic Devices Market share to reach $53bn by 2024

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Orthopedic Devices Market to grow at 3 CAGR from
2017 to 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Orthopedic Devices Market

• According to Global Market Insights, Inc.,
  Orthopedic Devices Market size is set to exceed
  USD 53 billion by 2024.
• Growing geriatric population coupled with
  increasing prevalence of arthritis and
  osteoporosis will stimulate the global orthopedic
  devices market growth. Poor diet intake, lack of
  physical activity, and changing lifestyle trends
  should further fuel demand. Rising number of road
  accidents coupled with increasing instances of
  sports injuries will spur orthopedic implants and
  devices demand.
• Advances in osteology to develop cost effective
  devices along with technological innovation in
  robot assisted surgical interventions, implants
  and 3D printing will boost the orthopedic devices
  market size over the forecast years.
• Emerging countries should offer lucrative growth
  opportunities due to increasing elderly
  population, rising prevalence of bone disorders
  and adoption of novel technologies over coming
  years.

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Continued...

• Inflated surgery and devices cost, lack of
  skilled human resource and presence of
  non-uniform reimbursement scenario across
  different regions should restrain industry
  growth.
• The joint reconstruction devices industry has
  gained popularity due to growing unmet need for
  better and effective solutions for bone related
  ailments. Technological advances in implants and
  minimally invasive implant techniques will
  promote business growth.
• Trauma fixation devices should witness lucrative
  growth due to rising geriatric population
  susceptible to bone disorders and growing
  instances of road accidents, leading to bone
  fractures and spinal injuries.
• Orthobiologics is set to exceed USD 4 billion by
  2024, owing to its rising demand among surgeons
  as a bone grafts and substitutes.

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Europe Orthopedic Devices Market Size, By
Product, 2013-2024 (USD Million)

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Continued...

• Growing geriatric population, increasing
  prevalence of musculoskeletal disorders, changing
  lifestyle and availability of innovative products
  will trigger industry growth.
• U.S. orthopedic devices market was valued at over
  USD 20 billion in 2016 and is anticipated to
  witness significant growth over the coming years.
• UK orthopedic devices market accounted for more
  than 15 of Europe revenue share, owing to huge
  geriatric population base and rising prevalence
  of bone diseases. Increasing economic burden of
  fractures and other bone related ailments should
  accelerate growth.
• Mexico orthopedic devices market size was valued
  over USD 300 million in 2016.
• Some of the companies operating in the orthopedic
  devices market include Medtronic, Stryker, Zimmer
  Biomet, ConforMIS, DJO Global, MicroPort
  Scientific Corporation, NuVasive, Medacta, Globus
  Medical, Smith Nephew, and DePuy Synthes.

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