Global Orthopedic Devices Market 2016-2020

Market outlook of the global orthopedic devices market

Technavio’s market research analyst predicts the global orthopedic device market to grow steadily at a CAGR of around 4% by 2020. Factors such as the increasing aging population and the augmented incidence of orthopedic diseases, such as arthritis, bursitis, fibromyalgia, hip pain, knee pain, trauma, and osteoporosis, are anticipated to bolster the prospects for growth in this market during the predicted period.

Recent technological advancement pertaining to medical technology is the key driver for the growth of this market. Bioabsorbable implants and titanium-based orthopedic devices are examples of technologically advanced products, which help to diminish the complications associated with the use of bioabsorbable materials. The ability of such implants to offer advantages like rigidity, strength, fracture toughness, and increased mechanical performance is a key factor that fosters its adoption during the predicted period.

Application-based segmentation of the orthopedic devices market

• Spine
• Trauma and extremities
• Knee
• Hip
• Foot and ankle

Technavio market research analysts have estimated the spine orthopedic devices segment to account for a market share of more than 27% by the end of 2020. Factors like the rising incidence of spinal disorders and the growing preference for minimally invasive spinal surgeries are the major factors that fuel the demand for spine-related devices during the forecast period.

Geographical segmentation of the orthopedic devices market

• Americas
• APAC
• EMEA

The Americas accounted for more than 61% of the total market share in 2015 and is expected to grow at a CAGR of around 4% during the forecast period. Eminent factors, such as the rise in aging population, increasing number of orthopedic disorder patients, and the launch of new products, are envisaged to foster market growth in this region during the predicted period.

Competitive landscape and key vendors

The global orthopedic device market is fragmented due to the presence of large, medium, and small sized vendors. This market is likely to experience rapid growth and development owing to the launch of new products and marketing activities by key industry participants.

The leading vendors in the market are -

• DePuy  Synthes
• Medtronic
• Smith & Nephew
• Stryker
• Zimmer-Biomet

Other prominent vendors in this market are AAP Implantate, Acumed, Aesculap Implant Systems, Arthrex,  Arthrosurface, Alphatec Spine, Bonovo Orthopedics, ConforMIS, Corin, Elite Surgical, Ellipse Technologies, EUROS FRANCE, Exactech, FH ORTHOPEDICS, Globus Medical, K2M, Integra LifeSciences, Lima corporate, Medartis, Medacta, Microport Medical, NuVasive, Ortosintese, Orthopaedic Implant Company, Orthofix International,  Osteomed,  PETER BREHM, Surgival, Tornier, Tyber Medical, and Zavation

Key questions answered in the report include

• What will the market size, market forecast and the growth rate be in 2020?
• What are the key factors driving the global orthopedic device market?
• What are the key market trends impacting the growth of the orthopedic device market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the vendors in the global orthopedic device market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the orthopedic device market?

Technavio also offers customization on reports based on specific client requirement.

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