Orthopedic Prosthetic Devices MarketOrthopedic Prosthetic Devices Market Prophesied to Grow at a Faster Pace by 2026embed
Orthopedic prosthetic devices are defined as external medical devices that substitute a missing skeletal part.
Orthopedic Prosthetic Devices Market Size, Share, Trend, Outlook, Future Growth Analysis And Synthesis 2018 - 2026 Orthopedic prosthetic devices are defined as external medical devices that substitute a missing skeletal part. Orthopedic prosthetics are a vital components for rehabilitation of injured or harmed skeletal system, associated musculature and joints. These devices are mainly used after trauma or surgical removal of body appendage, disability arising from congenital condition, or disabling illnesses. Rising prevalence of lower limb amputation among diabetic patients is expected to boost growth of the orthopedic prosthetic devices market A major driver for market growth is the rising prevalence of lower limb amputations among diabetic patients such as diabetic foot problems, which is caused by changes in the blood vessels and nerves that leads to ulceration and subsequently leads to limb amputation. According to World Health Organization (WHO), as of 2017, 170 million people are estimated to be suffering from diabetes globally. Additionally, increasing number of trauma cases across the globe, is in turn, increasing the demand for orthopedic prosthetic devices and products. According to World Health Organization (WHO), 2017, around 50 million people are severely injured in road accidents every year across the globe. However, high costs of orthopedic products are expected to hinder the market growth. For Better Understanding – You Can Request Sample Copy of Report Before Buying Here: https://www.coherentmarketinsights.com/insight/request-sample/1150 North America is expected to be the growth engine of the market The global orthopedic prosthetic devices market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is expected to hold a dominant position in the global orthopedic prosthetic devices market, owing to rising number of lower limb amputations among diabetic patients as well as affordability of these devices provided with customization and innovation. For instance, in September 2017, Zimmer, introduced an innovative persona partial knee system that is known to alleviate pain, restore mobility, and improve the quality of life of the patients. Asia Pacific is expected to witness significant traction in the global orthopedic prosthetics devices market, owing to the changing healthcare scenario and development of new policies and regulatory fronts in countries in the region. For instance, the formulation of Indian Certification of Medical Devices (ICMD) by the Indian Healthcare regulatory body is expected to bring credibility to the devices manufactured by regional companies, in turn driving growth of the orthopedic prosthetic devices market. Report includes chapters which deeply display the following deliverable about industry : • Orthopedic Prosthetic Devices Market Research Objective and Assumption • Orthopedic Prosthetic Devices Market Purview - Report Description, Executive Summary, and Coherent Opportunity Map (COM) • Orthopedic Prosthetic Devices Market Dynamics, Regulations, and Trends Analysis - Market Dynamics, Regulatory Scenario, Industry Trend, Merger and Acquisitions, New system Launch/Approvals, Value Chain Analysis, Porter’s Analysis, and PEST Analysis • Global Orthopedic Prosthetic Devices Market, By Regions • Orthopedic Prosthetic Devices Market Competition by Manufacturers including Production, Share, Revenue, Average Price, Manufacturing Base Distribution, Sales Area and Product Type. • Orthopedic Prosthetic Devices Market Manufacturers Profiles/Analysis including Company Basic Information, Manufacturing Base and Its Competitors. • Orthopedic Prosthetic Devices Market Manufacturing Cost Analysis including Key Raw Materials and Key Suppliers of Raw Materials. • Industrial Chain, Sourcing Strategy and Downstream Buyers including Upstream Raw Materials Sourcing and Downstream Buyers • Marketing Strategy Analysis, Distributors/Traders including Marketing Channel, Market Positioning and Distributors/Traders List. • Market Effect Factors Analysis including Technology Progress/Risk, Consumer Needs/Customer Preference Change and Economic/Political Environmental Change. • Orthopedic Prosthetic Devices Market Forecast including Production, Consumption, Import and Export Forecast by Type, Applications and Region. • Research Findings and Conclusion Novel innovations in prosthetic devices adopted by key players to establish significant position in the global orthopedic prosthetic devices market Key players operating in the global orthopedic prosthetic devices market include Smith & Nephew, Stryker Corp., DePuy Synthes, Zimmer Biomet, Medtronic Spinal, DJO Global, Integra Lifesciences, NuVasive Inc., Globus Medical, and Wright Medical. The key players are focusing on strategic mergers and acquisitions and development of innovative systems. For instance, in October, 2017, Zimmer Biomet Holdings Inc., introduced Avenue T TLIF Cage (Avenue T) in the U.S. Avenue T manufactures advancements in the posterior lumbar cage technology, through incorporation of VerteBRIDGE plating. The plating facilitates intra-discal fixation and cage insertion through minimally invasive procedure. Avenue T joins the previously introduced family of its product line of cages, including Avenue L Lateral Lumbar Cage, ROI-C Cervical Cage, and ROI-A ALIF Cage with VerteBRIDGE plating. Avenue T is the first product with posteriorly implanted cage, integrated with anti-migration fixation. Market Taxonomy On the basis of device type, the global orthopedic prosthetic devices market is segmented into • Upper Extremity Prosthetics • Lower Extremity Prosthetics • Sockets • Modular Components • Liners On the basis of technology, the global orthopedic prosthetic devices market is segmented into • Electric Powered • Conventional • Hybrid Orthopedic Prosthetics To know the latest trends and insights prevalent in the orthopedic prosthetic devices market, click the link below: https://www.coherentmarketinsights.com/ongoing-insight/orthopedicprosthetic-devices-market-1150 About Coherent Market Insights Coherent Market Insights is a prominent market research and consulting firm offering actionready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us Mr. Shah Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154 Tel: +1-206-701-6702 Email: [email protected]