Showing posts with label Orthopedic Devices Market analysis. Show all posts
Showing posts with label Orthopedic Devices Market analysis. Show all posts
Orthopedic Devices Market - Global Industry Analysis & Forecast 2013 - 2019
Orthopedic
devices are implants used to restore skeletal structure and joint
movement after fractures, abnormal growth of bones, soft tissue
damage or other deformities. These devices can be surgically
implanted or externally attached through minimally invasive
procedures and hence can be classified as internal and external
fixation devices. Orthopedic devices have been used successfully in
restoring mobility, reducing pain and improving quality of life of
millions of people across the globe. The success of orthopedic
devices can be easily illustrated by the dominance of orthopedic
devices. The growth of this market is driven by factors such as
increased life expectancy and rise in the number of osteoporotic
patients. Other drivers constitute increase in patients with fracture
risk such as hip and spine fracture. However, high cost of devices,
product recalls pose a major challenge to the growth of the market.
Resorbable implants have been used for treating fractures worldwide.
These implants do not need second surgery for surgical removal of the
implant, instead they are absorbed in the body. Polyether ether
ketone (PEEK) implants are widely used for spinal implants because of
properties like mechanical strength. Various companies including
Stryker, Biomet, DePuy Synthes, Arthrex other offer a range of
resorbable orthopedic implants such as pins, screws, plates and
others.
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The
orthopedic devices market has been extensively analyzed on the basis
of factors such as the technology used, success rate, reimbursement
coverage and geographical reach. Orthopedic devices report studies
the global market for orthopedic devices from the perspective of
various anatomical locations in the human body. An important factor
for orthopedic devices manufacturers’ success is their capability
to innovate products with newer technologies such as introduction of
biodegradable products along with making the products available at
low cost, to competently encourage market growth.
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The
global orthopedic devices market is thus broadly segmented into hip,
knee, shoulder, elbow, foot and ankle, spine, cranio-maxillofacial
and other extremities. These anatomical locations are further
categorized into joint implants, internal fixation devices and
external fixation devices, based on the availability of the
orthopedic devices products in the market. Geographically, the
orthopedic devices market is analyzed for four major regions, namely
North America, Europe, Asia and Rest of the World (RoW).
Each
of the segments in the orthopedic devices market has been analyzed on
the basis of its current and future market size for the period 2011
to 2019, in terms of revenue generation in USD million, considering
2011 and 2012 as the base years. The compounded annual growth rate
(%CAGR) for each market segment of orthopedic devices have been
provided for the forecast period 2013 to 2019 along with the
estimations of market size. Orthopedic devices report also includes
market overview section which covers beneficial qualitative
information regarding introduction of orthopedic devices,
technological trends and future advances, reimbursement scenario
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A
competitive landscape, mapping all the market players and their
respective shares in orthopedic devices market for 2012 are provided
in this report. The mentioned market share analysis for the global
orthopedic devices products market is only based on the currently
marketed products in various countries and their respective global
revenue generated by the manufacturer. The global market for
orthopedic devices is highly consolidated, with a few local and
regional players supplying in certain geographic locations. Some of
the major orthopedic devices marker players profiled in this report
are aap Implantate AG, Biomet, Inc., Exactech, Inc., Globus Medical,
Inc., Integra LifeSciences Corporation, Medtronic, Inc., NuVasive,
Inc., Orthofix Holdings, Inc., Stryker Corporation, Wright Medical
Technology, Inc. and Zimmer Holdings, Inc. All these players in
orthopedic devices market are profiled in this report via parameters
such as company overview, financial overview, business strategies,
product portfolio and recent developments.
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