-- Introduction:
The orthopedic device market appear to remain the main player in the global medtech sales, which is expected to reach around USD 480 billion by 2020. Anything that is concerned with muscles, ligaments and joints is considered orthopedic.
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The market for global orthopedic devices was valued at around USD 47.8 billion in 2015 and is expected to reach USD 59.5 billion by 2022, growing at a CAGR of around 3.3% during the forecast period of 2016 to 2022. Major segments in orthopedic devices market include joint reconstruction (hip, knee and extremities), spine, trauma, orthobiologics, arthroscopy/soft tissue repair, and others. The orthopedic device market appear to remain the main player in the global medtech sales, which is expected to reach around USD 480 billion by 2020. Anything that is concerned with muscles, ligaments and joints is considered orthopedic. Disorders are ailments, injuries or diseases that cause knee problems, whiplash, dislocated shoulder, torn cartilages, foot pain and fibromyalgia. These are only a few of the known orthopedic disorders. There are as many treatments for orthopedic disorders as there are problems and injuries in the muscles, ligaments and joints. Orthopedic treatments and devices have helped restore a normal lifestyle for millions of patients globally.
Geographically, North America is the leading contributor to the market and is expected to retain its position during the forecast period due to the presence of large number of orthopedic patients and rise in base of aging population. However, Asia-Pacific market is expected to grow at a faster rate during the forecast period. This is predominantly due to increased healthcare awareness, improved economic growth, joint ventures and some significant mergers and acquisitions and increased government funding.
The companies covered in the Global Orthopedic Products Market report:
1) Zimmer Biomet
2) DePuy Synthes
3) Stryker Corporation
4) Smith & Nephew plc
5) Medtronic
6) Wright Medical Group N.V.
7) Arthrex Inc.
8) Sanofi S.A.
9) NuVasive, Inc.
10) Integra lifesciences, etc.
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