During the forecast period, a significant growth rate is anticipated in the worldwide orthopaedic disposables market. Growing need for orthopaedic medical devices and rising disposable medical product demand contribute to market expansion. The growing elderly population and rising cases of chronic conditions, including diabetes, obesity, osteoarthritis, and osteoporosis, among others, are expected to propel the expansion of the orthopaedic disposable market.
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Data Bridge Market Research analyses that the orthopedic disposable market which was USD 58.69 billion in 2021, would rocket up to USD 85.40 billion by 2029, and is expected to undergo a CAGR of 4.80% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Orthopedics is a branch of medicine that focuses on the care of the musculoskeletal system. This system is made up of muscles and bones, as well as joints, ligaments, and tendons. The growing acceptance of single-use procedural kits by medical device designers, manufacturers, and surgeons in the healthcare sector is improving the global orthopedic disposables market demand.
Opportunities
Rising healthcare expenditure
Increasing global healthcare expenditure and the emergence of more domestic orthopedic device manufacturing companies are expected to drive the growth of the global orthopedic disposable market in the coming years, and easier accessibility to orthopedic devices is boosting the adoption of orthopedic devices.
Significant rise in the number of osteoporosis patients
In the coming years, advances in limiting side effects are projected to generate profitable prospects for the orthopaedic business. Large rates of co-morbidities, such as obesity and diabetes, have been increasing the risk of degenerative joint disease, particularly among the elderly. As more young people participate in sports and fitness activities, the incidence of accidents related to these activities is on the rise. This has increased demand for market.
North America dominates the orthopedic disposable market due to the direct presence of key regional players, a strong distribution network, and a well-established healthcare infrastructure. Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 due to the rising health awareness among the people and the growing demand of advanced medical technology.
The major keyplayers in the market are Zimmer Biomet (U.S), Smith+Nephew (Germany), Medtronic (Ireland), Stryker (U.S), B Braun Melsungen AG (Germany), NuVasive, Inc. (U.S), DJO, LLC (U.S), Institut Straumann AG (Switzerland), OSSTEM IMPLANT CO., LTD. (South Korea), Narang Medical Limited (U.S), Globus Medical (U.S), Arthrex, Inc. (U.S), CONMED Corporation (U.S), Integra LifeSciences Corporation (U.S), RTI Surgical (U.S), W. L. Gore & Associates, Inc. (U.S), Corin Group (U.S) and Johnson & Johnson Services, Inc. (U.S) among others.
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