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Orthopedic Devices Market share to reach $53bn by 2024

Get more details @ http://bit.ly/2oQmyqF <br>Some of the companies operating in the orthopedic devices market include Medtronic, Stryker, Zimmer Biomet, ConforMIS, DJO Global, MicroPort Scientific Corporation, NuVasive, Medacta, Globus Medical, Smith & Nephew, and DePuy Synthes. The industry is primarily driven by strategic acquisitions coupled with new product launches and geographical expansion. Industry participants strive to retain their market position in high profitable areas and high growth verticals by adoption these strategies.

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Orthopedic Devices Market share to reach $53bn by 2024

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  1. Orthopedic Devices Market to grow at 3% CAGR from 2017 to 2024: Global Market Insights Inc. Fuel Cell Market size worth $25.5bn by 2024

  2. KeyInsights from Orthopedic Devices Market: • According to Global Market Insights, Inc., Orthopedic Devices Market size is set to exceed USD 53 billion by 2024. • Growing geriatric population coupled with increasing prevalence of arthritis and osteoporosis will stimulate the global orthopedic devices market growth. Poor diet intake, lack of physical activity, and changing lifestyle trends should further fuel demand. Rising number of road accidents coupled with increasing instances of sports injuries will spur orthopedic implants and devices demand. • Advances in osteology to develop cost effective devices along with technological innovation in robot assisted surgical interventions, implants and 3D printing will boost the orthopedic devices market size over the forecast years. • Emerging countries should offer lucrative growth opportunities due to increasing elderly population, rising prevalence of bone disorders and adoption of novel technologies over coming years.

  3. Continued... • Inflated surgery and devices cost, lack of skilled human resource and presence of non-uniform reimbursement scenario across different regions should restrain industry growth. • The joint reconstruction devices industry has gained popularity due to growing unmet need for better and effective solutions for bone related ailments. Technological advances in implants and minimally invasive implant techniques will promote business growth. • Trauma fixation devices should witness lucrative growth due to rising geriatric population susceptible to bone disorders and growing instances of road accidents, leading to bone fractures and spinal injuries. • Orthobiologics is set to exceed USD 4 billion by 2024, owing to its rising demand among surgeons as a bone grafts and substitutes.

  4. Europe Orthopedic Devices Market Size, By Product, 2013-2024 (USD Million)

  5. Browse Full Market Research Report On Orthopedic Devices Market @ http://bit.ly/2oDsJQn Request for a Sample of this Research Report @ https://www.gminsights.com/request-sample/detail/1501https://www.gminsights.com/request-sample/detail/49

  6. Continued... • Growing geriatric population, increasing prevalence of musculoskeletal disorders, changing lifestyle and availability of innovative products will trigger industry growth. • U.S. orthopedic devices market was valued at over USD 20 billion in 2016 and is anticipated to witness significant growth over the coming years. • UK orthopedic devices market accounted for more than 15% of Europe revenue share, owing to huge geriatric population base and rising prevalence of bone diseases. Increasing economic burden of fractures and other bone related ailments should accelerate growth. • Mexico orthopedic devices market size was valued over USD 300 million in 2016. • Some of the companies operating in the orthopedic devices market include Medtronic, Stryker, Zimmer Biomet, ConforMIS, DJO Global, MicroPort Scientific Corporation, NuVasive, Medacta, Globus Medical, Smith & Nephew, and DePuySynthes.

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