Orthopedic Surgery Equipment Market 2020 Size, Product by Application, & Region, Key Manufacturers Analysis, Growth, Trends and Forecast till 2026-The News PEDI
Orthopedic surgical equipment are manufactured to replace or support a missing or damaged bone or joint. These implants are intended to treat the deformities, stabilize body posture, and restore the normal skeletal function.
The global orthopedic surgery equipment market was estimated to be valued at USD XX million in 2018 and is projected to reach USD XX million by 2026, at a CAGR of XX% during 2019 to 2026. The demand for orthopedic surgery equipment has increased significantly, owing to rise in geriatric population that increases the risk of osteoporosis, osteoarthritis, technological innovations in orthopedic devices, and other musculoskeletal disorders. However, high cost associated with procedures involving orthopedic implants treatment and stringent government policies for approval of orthopedic implants can hamper the orthopedic implants market growth.
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The global orthopedic surgery equipment market is primarily segmented based on different product type, biomaterial, application, and regions. On the basis of product type, the market is divided into reconstructive joint replacements, spinal implants, dental implants, trauma and craniomaxillofacial, orthobiologics, and others. The biomaterial covered in the study include metallic, ceramic, polymeric, and natural biomaterials. Based on application, the market is classified into knee, hip, wrist and shoulder, dental, spine, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, South America, and MEA.
On the basis of product type, the market is split into:
* Reconstructive Joint Replacements
* Spinal Implants
* Dental Implants
* Other Product Types
On the basis of biomaterial, the market is split into:
* Metallic Biomaterials
* Polymeric Biomaterials
* Ceramic Biomaterials
On the basis of application, the market is split into:
* Wrist and Shoulder
* Other Applications
Moreover, the market is classified based on regions and countries as follows:
* North America- U.S., Canada
* Europe- U.K., France, Germany, Italy and Rest of Europe
* Asia-Pacific- China, Japan, India and Rest of Asia Pacific
* South America- Brazil, Mexico and Rest of South America
* Middle East and Africa- South Africa, Saudi Arabia and Rest of Middle East and Africa
Key Market Players:
* Johnson and Johnson
* Zimmer Biomet Holdings, Inc.
* Stryker Corporation
* Medtronic Plc.
* Smith and Nephew
* Wright Medical Group N.V.
* CONMED Corporation
* Arthrex, Inc.
* DJO Finance LLC
* Globus Medical Inc.
These enterprises are focusing on growth strategies, such as new product launches, expansions, acquisitions, and agreements and partnerships to expand their operations across the globe.
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Key Benefits of the Report:
* Global, regional, country, product type, biomaterial, and application market size and their forecast from 2015-2026
* Identification and detailed analysis on key market dynamics, such as, drivers, restraints, opportunities, and challenges influencing growth of the market
* Detailed analysis on industry outlook with market specific PESTLE, and supply chain to better understand the market and build expansion strategies
* Identification of key market players and comprehensively analyze their market share and core competencies, detailed financial positions, key products, and unique selling points
* Analysis on key players’ strategic initiatives and competitive developments, such as joint ventures, mergers, and new product launches in the market
* Expert interviews and their insights on market shift, current and future outlook, and factors impacting vendors’ short term and long term strategies
* Detailed insights on emerging regions, product type, biomaterial, and application with qualitative and quantitative information and facts
* Orthopedic Surgery Equipment Manufacturers
* Traders, Importers, and Exporters
* Raw Material Suppliers and Distributors
* Research and Consulting Firms
* Government and Research Organizations
* Associations and Industry Bodies
The market is derived through extensive use of secondary, primary, in-house research followed by expert validation and third party perspective, such as, analyst reports of investment banks. The secondary research is the primary base of our study wherein we conducted extensive data mining, referring to verified data sources, such as, white papers, government and regulatory published articles, technical journals, trade magazines, and paid data sources.
For forecasting, regional demand and supply factors, recent investments, market dynamics including technical growth scenario, consumer behavior, and end use trends and dynamics, and production capacity were taken into consideration. Different weightages have been assigned to these parameters and quantified their market impacts using the weighted average analysis to derive the market growth rate.
The market estimates and forecasts have been verified through exhaustive primary research with the Key Industry Participants (KIPs), which typically include:
* Government Body and Associations
* Research Institutes
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