Orthopedic Prosthetic Devices Market to Expand at 4% CAGR Backed by Increasing Prevalence of Bone-related Disorders
The global orthopedic prosthetic devices market - which was valued at US$ 1.8 Bn in 2018 - is forecasted to expand at a healthy rate during the assessment period (2015 to 2025), according to a new market study by XploreMR. The growth of the market is mainly driven by an increasing number of trauma cases and accidental injuries, advancements in the field of orthopedics, the introduction of novel technologies, and rising prevalence of osteosarcoma. Furthermore, increased incidence of osteosarcoma across the globe has propelled the demand for prosthetics and orthotic products, thus directly influencing the growth of the market.
Likewise, penetration of novel, connected technologies into the healthcare landscape, such as Artificial Intelligence virtual reality (VR), and Internet of Things (IoT) has enabled manufacturers and researchers to fabricate orthopedic prosthesis that can precisely replicate the dexterity of human body parts. On the back of these factors, the global orthopedic prosthetic devices market will expand at a healthy CAGR of 4% through the forecast period.
Rising Incidence of Osteosarcoma Invigorates Adoption
XploreMR (XMR) offers 10-year forecast of the global orthopaedic prosthetics devices market between 2016 and 2026. In terms of value, the market is expected to register a CAGR of 5.0% over the forecast period. This study demonstrates market dynamics and trends that influence the current environment and future status of the orthopaedic prosthetics devices market globally over the forecast period.
This XploreMR report examines the global orthopaedic prosthetics devices market for the period 2016–2026. The primary objective of the report is to offer insights on various orthopaedic prosthetic products such as upper limb orthopaedic prosthetic, lower Limb orthopaedic prosthetic, liners, sockets and modular components.
This report begins by defining various orthopaedic prosthetic product types and top brands in the market. It is followed by an overview of market dynamics of the global orthopaedic prosthetics devices market, which includes XMR’s analysis of key trends, drivers, restraints and opportunities, regulations, drug pipeline analysis and key players (includes clinical trials and major players and their projects in the pipeline).
Orthopedic Prosthetic Devices Market: Global Industry Analysis and Opportunity Assessment 2015-2025Buy Now
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