NEW YORK, May 5, 2015 /PRNewswire/ — Worldwide, millions of dollars are spent annually on orthopedic devices. Demand for innovative product designs and the trend toward cost effective solutions drive the development of orthopedic device technology. The market faces challenges, though, due to issues of economics, demographics, technology and international opportunities. Global Orthopedic Device Market outlines the positive and negative influences affecting the orthopedic device market, especially seen in the reconstructive portion of the market but also in the trauma and spine portions as well.
The report’s geographic scope is worldwide with information for specific geographical regions; world demographics; life expectancy by country, and other general issues affecting the market. Information is presented as a worldwide overview, with special emphasis on the U.S., Europe, China, Brazil, India and Japan. A market summary includes market analysis by product and region and a competitive analysis of leading providers.
There are a number of issues and trends affecting this market, influencing its move into the future. Global Orthopedic Device Market discusses these:
Mergers and acquisitions
Community hospital involvement in trauma
Generic orthopedic devices
Orthopedic procedures include several common surgical interventions. The report forecasts orthopedic procedure volumes until 2030, including procedure volumes by geographical region. The following surgical procedures are discussed:
Hip replacement and related
Knee replacement and related
Large and small companies are involved in the development and/or marketing of orthopedic devices. The market is considered evolving with growth opportunity. Mergers and acquisitions have been a huge part of industry development over the past year. Developing and developed markets alike have room to grow due to an aging population worldwide. Among the top and/or innovative competitors discussed within the report’s Corporate Profiles are:
Integra Life Sciences
Intelligent Implant System
Internal Fixation System
Rigid fx Corporation
Small Bone Innovations
Smith & Nephew
All market data pertain to the world market at the manufacturers’ level. The base year for data was 2014. Historical data was provided for the years 2012, 2013 and 2014, with forecast data provided for 2015 through 2019. Compound annual growth rates (CAGRs) are provided for 2012-2014, 2014-2019, and 2012-2019 periods for each region and/or segment covered. Competitive analysis is provided for the year 2014. The forecasted market analysis for 2014-2019 is largely based on demographic trends, new developments, innovative technology and global expansion.
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