North America to Dominate Billion-Dollar Orthopedic Device Market Growth through 2023-2027
The Global Orthopedic Device Market is a billion-dollar market in making with a forecasted growth of USD 12.11 Bn in revenue between 2022 and 2027 accelerating at a CAGR of 3.85%. Determinants of the orthopedic devices market growth include continuous advancements in orthopedic technology, an increase in the target population with orthopedic disorders, trauma, and sports injuries, and lastly growing need for minimally invasive and robot-assisted techniques.
Technavio has been monitoring the Global Orthopedic Device Market and its growth trajectory of the market, traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking.
Fastest growing topography of the Global Orthopedic Device Market
North America to Dominate the Global Orthopedic Device Market: Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period, As per the estimation, North America contributed 37% to the growth of the global orthopedic devices market owing to the high adoption of orthopedic devices and an increase in the number of surgical procedures.
Technavio's report offers an up-to-date analysis of the current global market scenario, the latest trends and drivers, and the overall market environment.
Key Companies of the Orthopedic Device Market: Some of the major companies comprise names aap Implantate AG, Alphatec Holdings Inc., B. Braun SE, Boston Scientific Corp., Colfax Corp., Conmed Corp., CTL Amedica Corp., Exactech Inc., Johnson and Johnson, Medtronic Plc, MicroPort Scientific Corp., Ossur hf, etc.
For example, Organizations like Medacta International SA operate under one segment where it offers the design, production, and distribution of innovative orthopedic products. It also offers orthopedic devices such as Integra Salto Talaris Total Ankle prosthesis, and Titan Modular Shoulder system. Our report includes qualitative and quantitative analyses of core companies with a wider understanding of the business ecosystem. Download our sample report for more insights.
Orthopedic Device Market: Key Highlights of the Report for 2023-2027