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SOURCE Research and Markets
DUBLIN, Ireland, February 21, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/5bjhdf/orthopedic) has announced the addition of the "Orthopedic Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast to 2019" report to their offering.
The major orthopedic device segments such as joint implants, internal and external fixation devices have been further analyzed on the basis of anatomical locations namely, hip, knee, shoulder, elbow, foot and ankle and other extremities. Spinal orthopedic devices have been segmented into joint implants and internal fixation devices, while craniomaxillofacial devices market include estimations only for internal fixation devices. Various emerging technologies such as bio-absorbable implants and minimal invasive procedures currently form major drivers or the growth of this market. The global orthopedic devices market was valued at USD 29.2billion in 2012 and is expected to grow at a CAGR of 4.9% from 2013 to 2019, to reach an estimated value of USD 41.2billion in 2019.
High incidence rates of osteoporosis, osteoarthritis, obesity along with rapidly aging global population also form key drivers for the global orthopedic devices market. Increase in procedure demand and rise in people opting for minimally invasive surgeries coupled with expanded access in emerging markets are some of the other factors propelling the growth of the market. Introduction of biodegradable implants and internal fixation devices will serve as future growth opportunities for orthopedic devices for various anatomical locations. However, product recalls act as a major growth restraint for the market due to incidences such as adverse side effects to the patient. Device related infections, manufacturing errors, implant loosening, wear debris, corrosion, hypersensitivity and toxicity are some of the other causes leading to orthopedic device failure.
Geographically, North America dominated the global orthopedic devices market and is expected to continue to lead in terms of revenue generation throughout the forecast period. The market in North American region was valued at USD 11.8 billion in the year 2012.Asia-Pacific is considered as the most lucrative market for orthopedic devices market owing to the increase in incidences of bone related disorders and obesity through 2019. The leading players in the market for orthopedic devices market are DepuySynthes, Zimmer, Stryker, Medtronic, Smith & Nephew, Wright MedicaL, NuVasive, and Globus Medical.
Key Topics Covered:
2 Executive Summary
3 Global Orthopedic Devices Market Overview
4 Global Orthopedic Devices Market, by Anatomical Location, Size and Forecast, 2011-2019 (USD Million)
5 Global Orthopedic Consumables, Market Revenue, 2011 - 2019
6 Global Orthopedic Devices Market, by Geography, Size and Forecast, 2011 - 2019 Value (USD Million)
7 Competitive Landscape
9 Company Profiles
For more information visit http://www.researchandmarkets.com/research/5bjhdf/orthopedic
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