The global orthopedic devices
market comprises of companies engaged in the manufacturing, marketing of
orthrobiologics, spinal surgery, joint reconstruction, arthroscopy, trauma
fixation, orthopedic accessories (includes orthopedic reamers), orthopedic
braces and support, craniomaxillofacial (CMF) devices, orthopedic prosthetics.
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The global orthopedic devices market
has shown modest growth in the past years with a CAGR of over 3.5%. The year
2017 recorded highest ever growth in this market with a net value of $38.6
billion as per TBRC’s in-house consultants.
TBRC’s latest report shows the
historic and future trends in the market for each year with sourced reasons to
support the growth claims.
The report also shows the orthopedic
devices market to grow at a higher CAGR by 2021 as compared to 2017, along with
geographies best suited for investments with highest return rate.
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Increase in a patient’s
preference for medical tourism for the treatment of bone related diseases was
one of the drivers in the market during the historic period. Primary growth
factors of medical tourism include low priced treatment options, availability
of a variety of treatments, improved healthcare facilities infrastructure, and
attractive locations for spending time after treatment. About 1.4 million
Americans were expected to travel abroad for medical care in 2016. Orthopedic
surgeons focus on the treatment of musculoskeletal injuries, degenerative
diseases of the spine and bones, and treatment of musculoskeletal birth defects
in children.
TBRC’s latest report will cover
in depth understanding and calculated impacts of each market factor on a global
as well as regional level, to analyze the best investment strategy for this
market.
Companies included in the report
are Johnson & Johnson, Zimmer Biomet Holdings, Stryker Corporation, Smith
& Nephew PLC, and B. Braun Melsungen.
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