Orthopaedic devices market size
The global orthopaedic devices market is projected to expand at a compound annual growth rate (CAGR) of 5.3% from 2024 to 2031
The market size for orthopaedic devices reflects their essential role in replacing missing joints or bones and providing support for damaged bones. These devices are meticulously crafted from titanium alloys and stainless steel to ensure durability and strength, often incorporating plastic coatings that simulate natural cartilage. Internal fixation, a pivotal orthopaedic surgery employing implants to mend fractured bones, plays a significant role in shaping the orthopaedic devices market size.
Technological advancements continue to drive innovation in orthopaedic devices, enhancing their effectiveness and expanding their application across various medical treatments. As the global population ages and incidents of musculoskeletal conditions rise, the demand for these devices is expected to grow steadily. This growth is further fueled by increasing awareness among patients and healthcare providers about the benefits of orthopaedic interventions, thereby boosting the market size for orthopaedic devices worldwide.
Sample reporthttps://www.datamintelligence.com/download-sample/orthopaedic-devices-market
Orthopaedic devices market Dynamics
The growth of the global orthopaedic devices market is fueled by rising incidents of accidents and sports injuries worldwide, driving market expansion. Additionally, the increasing number of orthopaedic procedures is accelerating the adoption of orthopaedic devices. Moreover, advancements in technology are driving the demand for these devices, enhancing their effectiveness and increasing their acceptance in medical practice.
The number of individuals undergoing joint replacement surgeries, such as total knee and hip replacements, has been steadily increasing, driven largely by the growing elderly population. This demographic shift has also led to a rise in musculoskeletal diagnoses and fractures related to osteoporosis, further boosting the demand for orthopaedic implants among older adults. According to the Arthritis Research UK report titled "The State of Musculoskeletal Health 2018," approximately 17.8 million people, constituting around 28.9% of the total population, were estimated to be living with a musculoskeletal condition in the United Kingdom.
Customize report:https://www.datamintelligence.com/customize/orthopaedic-devices-market
Segmentations
By Device Type : Hip Orthopedic Devices, Joint Reconstruction, Knee Orthopedic Devices, Spine Orthopedic Devices, Trauma Fixation Devices, Dental Orthopedic Devices, Other
By Fixation Type: Internal, External, Intramedullary fixation devices, and others
By End User: Orthopaedic Clinics, Hospitals, Other
Related reports
Key players
Braun Melsungen AG, AGIS Network Inc., Amedica Corp., Arthrex Inc., Boston Scientific Corporation, Integra LifeSciences Corporation, Johnson & Johnson, Medtronic PLC, Smith & Nephew PLC, Stryker Corporation.
Affiliate Marketing Request here: https://www.datamintelligence.com/affiliate-marketing
About DataM Intelligence:
DataM Intelligence 4Market Research is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
Contact Us:
Company Name: DataM Intelligence
Email: info@datamintelligence.com
Contact Person: Sai.K
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
