Orthopedic Disposables Market to Grow with Impressive CAGR During the Forecast Period
Global Orthopedic Disposables Market is driven by
increasing instances of bone fractures in the forecast period, 2023-2027.
According to TechSci Research report, “Orthopedic
Disposables Market - Global Industry Size, Share, Trends, Opportunity and
Forecast, 2017-2027”, the global orthopedic disposables market has
a potential to project an impressive CAGR toward forces growth in the period, 2023-2027,
on the account of rapidly increasing orthopedic injuries due to road accidents,
or residential accidents. Surge in the demand for disposable medical devices
& equipment is further driving the growth of the global orthopedic
disposables market in the upcoming five years.
Growing awareness about the safety benefits of the disposable medical
equipment and tools is also supporting the growth of the global orthopedic disposables
market in the next five years. Physicians and surgeons are also promoting the
use of disposable equipment. In the recent pandemic times, demand for the
disposable medical equipment further increased thus validating the safety
benefits of disposable medical tools and thereby substantiating the growth of
the global orthopedic disposables market in the future five years.
Also, further increasing instances of bone diseases & disorders like
osteoarthritis, osteoporosis, along with increasing obesity problems among the
population, is expected to drive the growth of the global orthopedic
disposables market in the forecast years, until 2027F. Also, geriatric
population is more prone to bone diseases, due to various factors like drying
of bones, weaker immune system, etc. Thus, increasing geriatric population is
also one of the major factors responsible for the growth of the global
orthopedic disposables market in the forecast period.
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The global orthopedic disposables market
segmentation is based on type, application, end user, regional distribution,
and competitive landscape.
On the basis of application, the market is
sub-segmented into trauma, wound care, and orthopedic surgeries. Orthopedic
surgeries are anticipated to hold the largest revenue shares of the market in
the upcoming five years on the account of large product portfolios. Medical
device manufacturers have designed and manufactured various orthopedic
disposable devices thereby aiding various orthopedic surgeries and driving the
growth of the global orthopedic disposables market in the next five years.
Orthopedic disposables are also significantly
applied for the trauma cases and the sub-segment, Trauma is further expected to
register significant growth in the future five years. Increasing cases of
trauma among the global population is expected to drive the growth of the
sub-segment and support the growth of the global orthopedic disposables market
in the forecast years. Around the globe road accidents claim more than 1.2
million lives and those who survive often suffer severe trauma that requires,
bone repairment, bone replacement, etc. surgical procedures.
Market segmentation based on end user, bifurcates
into hospitals & specialty clinics, ambulatory surgical centers, and
others. Hospitals and specialty clinics are anticipated to dominate the market
segment and hold largest revenue shares of the market in the next five years on
the grounds of increasing patient dependency over established healthcare
providers. Moreover, increasing instances of accidents, and bone deformities
are further driving the growth of the sub-segment along with the growth of the global
orthopedic disposables market in the next five years.
Some of the market players, dominating the global market are:
·
Arthrex, Inc.
·
Stryker Corporation
·
Zimmer Biomet Holdings, Inc.
·
Skytron Corporation
·
DeRoyal Industries, Inc.
·
Steris Corporation
·
Johnson & Johnson
·
B. Braun Melsungen AG
·
Smith & Nephew, Plc.
·
Medtronic, Plc.
Stryker Corporation is the
leading market player with its exclusive product line and dominate the current
market. Other existing market players are also highly invested in research and
product development along with viable service provisions for the consumers. New
market entrants may follow similar strategies along with merger and acquisition
methods for future brand establishment.
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“North America is anticipated to dominate the market in the
upcoming five years on the account of large economies like the United States
dominating the market analysis. Increased investment in the technological
advancement and innovative product development is further anticipated to
support the market growth in the future five years. Presence of global giants
like Stryker Corporation, Johnson & Johnson affirms the growth of the
market. Available product line with specifically formulated marketing
strategies supports the growth of the global orthopedic disposables market in
the next five years. Growing healthcare industry and market players financially
supporting the research for more advanced products substantiate the growth of
the global orthopedic disposable market. New market players may form business
partnerships with the global giants that would aid their future brand
establishments,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Orthopedic
Disposables Market - Global Industry Size, Share, Trends, Opportunity and
Forecast, 2017-2027 Segmented By Type (Bone Preparation Kits, Pulsed Lavage
System, Bone Cement Mixer, Tourniquet System, Suture Retrievers, Positioner
Kits, Others), By Application (Trauma, Wound Care, Orthopedic Surgeries), By
End User (Hospitals & Specialty Clinics, Ambulatory Surgical Centers,
Others), By Region”, has
evaluated the future growth potential of global orthopedic disposables and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in global orthopedic disposables market.
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