Stratview Research delivers key insights into the global Orthopedic Market. According to Stratview Research, the market is segmented By Application (Hip Orthopedic Devices, Knee Orthopedic Devices, Spine Orthopedic Devices, Craniomaxillofacial Orthopedic Devices, Dental Orthopedic Devices, Sports Injuries, Extremities and Trauma (SET) Orthopedic Devices), and Region - COVID-19 Impact Analysis and Forecast to 2028.
According to the report, Orthopedic Market was estimated to grow from USD 39.46 billion in 2021 to USD 49.52 billion by 2028 at a healthy CAGR of 3.30% during 2022-2028.
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Key Players
Key players operating in the orthopedic market are-
- B. Braun Melsungen AG (Germany)
- AGIS Network Inc. (US)
- Amedica Corp. (US)
- Arthrex Inc. (US)
- Boston Scientific Corporation (US)
- Integra LifeSciences Corporation (US)
- Johnson Johnson (US)
- Medtronic PLC (Ireland)
- Smith Nephew PLC (UK)
- Stryker Corporation (US).
Segment Analysis
Application Trends
- The market has been classified into hip orthopedic devices, knee orthopedic devices, spine orthopedic devices, craniomaxillofacial orthopedic devices, dental orthopedic devices, sports injuries, extremities, and trauma orthopedic devices.
- The knee orthopedic devices segment accounted for a substantial market share in 2021.
- This is mainly attributed to the rising volume of knee surgeries, which proliferates segment growth.
Regional Trends
The market in North America accounted for the largest share in 2021 and is projected to continue its dominance during the review period.
- This is mainly ascribed to the increasing target patient population due to aging along with rising car accidents are propelling the number of orthopedic surgeries in the region.
- The high prevalence of orthopedic conditions along with the adoption of advanced treatment procedures is projected to augment market growth in the U.S., further bolstering regional growth.
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