Orthopedics Market Estimated to Flourish by 2024

This market research report discusses in detail market dynamics and growth of the global orthopedic market. The medical science of orthopedics deals the treatment of bone- and muscle-related defects and deformities. This report provides quantitative information on key aspects such as market size, volumes, compounded annual growth rate (CAGR), and geographical share. Orthopedic devices have become highly sophisticated in nature, and this makes it imperative for market players to build on these developments. This report comprises segments such as: orthopedic devices procedures, orthopedic implants, and other devices used in trauma care and rehabilitation. While certain areas within the orthopedics market are well-established, a higher number of emerging opportunities exist here. For instance, the global market for re-constructive implants has witnessed significant growth over the last few years, and is continue to expand in the near future.

The report determines the competitive landscape for market players in the near future using Porter’s five forces analysis. It also features an extensive value chain analysis to establish micro and macro factors that will help market players harness opportunities for investments. The report is a valuable resource as it studies the market from the geographical standpoint, enabling market players to evaluate their existing markets and zero in on emerging destinations. Each product segment and geographical market has been analyzed and estimated based on the current market size, as well as projected growth figures. Revenue generation is provided in USD million.

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The report further maps the industry standing of key market players in its Company Profiles section. This section provides insights pertaining to the earnings, key developments, product portfolio and a SWOT analysis of leading competitors.

Overview

Orthopedics is a medical science that pertains to the diagnosis and treatment of bone disorders. Orthopedic procedures and treatments are essentially aimed at improving a patient’s mobility and reducing discomfort. Orthopedic treatments and devices have helped restore a normal lifestyle for millions of patients globally. A growing geriatric population worldwide has boosted the demand for orthopedic treatments. This includes both surgical procedures and orthopedic devices. Technological advancements have brought about rapid growth in this market. These advancements include: the increasing use of robotics in orthopedic procedures and minimally invasive procedures. Such advancements are credited for speeding up growth in this market. Other drivers in this market include a rising consumer layout for healthcare. This market has witnessed tremendous growth in the developed economies. However, the emerging regions of Latin America and Asia Pacific are expected to be hotspots for the growth and development of the orthopedic market.

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Within the worldwide orthopedic market, the largest market share was held by joint replacement and reconstruction as of 2011. This was attributed to a large patient population that suffered joint-related injuries. The fastest-growing segment within this market, however, is that of biodegradable medical implants. From the geographical perspective, the largest market was that of North America as of 2011. This was largely due to the presence of sophisticated medical system here. Europe was another high-revenue market as of 2011.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

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