Orthopedic Devices Market by 2026

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47.7 Bn Orthopedic Devices Market by 2026,
Driven by Aging Population and Rising
Musculoskeletal Conditions (WHO)
PORTLAND, OR, UNITED STATES, December 5, 2024
/EINPresswire.com/ -- The global orthopedic
devices market is experiencing significant
growth, driven by an increasing prevalence of
musculoskeletal disorders and advancements in
medical technology. Valued at approximately 37.2
billion in 2018, the market is projected to reach
around 47.7 billion by 2026, with a compound
annual growth rate (CAGR) of 3.1 during this
period. This article explores the factors
influencing market
Orthopedic Devices Market growth
analysis

• growth, key segments, regional dynamics, and
  recent developments in the orthopedic devices
  sector.
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• Market Overview
• Orthopedic devices are essential for stabilizing
  body posture, treating deformities, and restoring
  normal skeletal function. These devices can
  either replace or reinforce damaged parts of the
  body. The integration of modern diagnostic
  techniques has notably reduced the need for
  complex surgical procedures in orthopedics.
• Key Drivers of Growth
• Aging Population The World Health Organization
  (WHO) indicates that the prevalence of
  musculoskeletal conditions increases with age,
  leading to a higher demand for orthopedic
  solutions.
• Rising Incidence of Orthopedic Disorders
  Conditions such as osteoarthritis, osteoporosis,
  and traumatic fractures are becoming more common,
  particularly among the elderly.
• Technological Advancements Innovations in
  orthopedic devices and surgical techniques are
  enhancing treatment outcomes and patient recovery
  times.

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• Challenges
• High Costs The expense associated with
  orthopedic implants and surgeries can be a
  barrier to access for many patients.
• Regulatory Hurdles Stringent government
  regulations can delay the introduction of new
  products into the market.
• Product Segmentation
• The orthopedic devices market can be categorized
  based on product types
• Drill Guides Dominated the market share in 2018
  due to their frequent use in surgeries.
• Implant Holders Essential for securing implants
  during procedures.
• Custom Clamps and Distracters Used for specific
  surgical needs.
• Application Segmentation
• Applications of orthopedic devices include
• Hip Orthopedic Devices Projected to grow rapidly
  due to increasing cases of osteoarthritis.
• Knee Orthopedic Devices Remain significant due
  to high surgery rates.
• Spine Orthopedic Devices Address degenerative
  disc diseases and trauma.
• Regional Analysis
• The orthopedic devices market is analyzed across
  several regions
• North America Led the market in 2018, driven by
  advanced healthcare infrastructure and high
  reimbursement rates for orthopedic surgeries.
• Asia-Pacific Expected to witness the highest
  growth rate due to a large population base,
  rising disposable incomes, and increased
  awareness regarding orthopedic treatments.

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search.com/purchase-enquiry/658 David
Correa Allied Market Research 1
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