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Orthopedic Prosthetic Devices Market Industrial Progress 2018 to 2026

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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.
Orthopedic Prosthetic Devices Market Expansion to
be Persistent During 2026
Orthopedic Prosthetic Devices Market, by Device Type (Upper Extremity
Prosthetics, Lower Extremity Prosthetics, Sockets, Liners, and Modular
Components), By Technology (Electric Powered, Conventional and Hybrid
Orthopedic Prosthetics), By End User (Hospitals, Orthopedic Clinics, and
Others), and by Geography - Global Industry Insights, Trends, Outlook, and
Opportunity Analysis, 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.
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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.
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.
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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.
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Author
ravikiran
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