According to Vision Research Reports, the global orthopedic devices market size is projected to surpass US 67 billion by 2027 and is expected to expand at a CAGR of 4.5% from 2020 to 2027.
Rise in percentage of population requiring orthopedic devices, increase in incidence rates of injuries related to accidents, sports, and adventure, surge in adoption of technologically advanced products are projected to drive the global orthopedic devices market during the forecast period.
Surge in Adoption of Technologically Advanced Products and Increase in Incidence Rates of Injuries Related to Accidents, Sports, and Adventure to Drive Market
Joint Reconstruction Segment to Dominate Market
Orthopedic Clinics to be Highly Lucrative Segment
North America to Dominate Global Market
VRR’s report on the global orthopedic devices market studies past as well as current growth trends and opportunities to gain valuable insights of these indicators of the market during the forecast period from 2019 to 2027. The report provides revenue of the global orthopedic devices market for the period 2017–2027, considering 2020 as the base year and 2027 as the forecast year. The report also provides the compound annual growth rate (CAGR) for the global orthopedic devices market during the forecast period.
The report has been prepared after an extensive primary and secondary research. Primary research involved bulk of research efforts, wherein analysts carried out interviews with industry leaders and opinion makers. Extensive secondary research involved referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the global orthopedic devices market.
Secondary research also included Internet sources, statistical data from government agencies, websites, company presentations, sales data, and trade associations. Analysts have employed a combination of top-down and bottom-up approaches to study various phenomenon in the global orthopedic devices market.
The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Furthermore, the report sheds light on the changing competitive dynamics in the global orthopedic devices market. These indices serve as valuable tools for existing market players as well as for entities interested in entering the global orthopedic devices market.
The report delves into the competitive landscape of the global orthopedic devices market. Key players operating in the global orthopedic devices market have been identified, and each one of these has been profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players in the global orthopedic devices market that have been profiled in this report.
Key Questions Answered in Global Orthopedic Devices Market Report
A unique research methodology has been utilized by VRR to conduct comprehensive research on the growth of the global orthopedic devices market and arrive at conclusions on its growth prospects. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions.
Secondary methods referred to by analysts during the production of the global orthopedic devices market report include statistics from company annual reports, SEC filings, company websites, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of VRR’s study on the orthopedic devices market as primary methods.
These primary and secondary methods have provided exclusive information during interviews, which serves as a validation from the orthopedic devices market leaders. Access to an extensive internal repository and external proprietary databases enabled this report to address specific details and questions about the global orthopedic devices market with accuracy. The study also uses the top-down approach to assess the revenues for each segment and the bottom-up approach to counter-validate them. This has helped in reaching VRR’s estimates on future prospects of the global orthopedic devices market more reliably and accurately.
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