The global orthopedic instrumentation market is projected to surpass US$56 billion by the year 2017, driven by aging population, rising incidence of age-related conditions such as osteoarthritis, and improving orthopedic surgical procedures. Development of longer-lasting and improved materials and implants is also a key contributor to the industry's growth. Further, rising demand from emerging markets is also expected to contribute to the industry's growth in the long run.
The US continues to remain the largest regional market. Asia-Pacific constitutes the fastest growing regional market. Steady economic growth, rising personal incomes, improving public healthcare services, and increasing life expectancies characterize majority of the Asian economies. Consequently, the market for sophisticated medical devices is increasing. Despite the fact that Asia accounts for over half of the worldwide aging population, the region holds less than 10% of the orthopedic devices market. China and India represent the two rapidly growing markets for various surgical procedures. Segment-wise, Reconstructive Sector represents the largest product category. Within Reconstructive Sector, knee implants represents the largest and fastest growing sub-segment. In the overall orthopedic instrumentation market, fastest growth is anticipated from Spinal Products segment.
Report ScopeThis report analyzes the worldwide markets for Orthopedic Instrumentation in US$ Million by the following Product Segments: Reconstructive Sector (Hip Implants, Knee Implants, & Extremities), Fracture Fixation, Arthroscopy, Spinal Implants, and Other Products. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. Annual estimates and forecasts are provided for the period 2009 through 2017. Also, a six-year historic analysis is provided for these markets.
The report profiles 199 companies including many key and niche players such as AAP Implantate AG/aap mebio, Acumed LLC, Arthrex, Inc., B. Braun Melsungen AG, Biomet, Inc., Conmed Corp., DJO Surgical, Exactech, Inc., Innomed, Inc., Japan Medical Dynamic Marketing (MDM), Inc., Johnson & Johnson, DePuy, Inc., Medtronic Sofamor Danek, Inc., Orthofix International N.V., Smith and Nephew Plc, Smith & Nephew, Inc., Stryker Corporation, Stryker Orthopaedics, Synthes Holding AG, Wright Medical Technology, Inc., and Zimmer Holdings, Inc. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based upon search engine sources in the public domain. Global Industry Analysts ©
Click for Report details:Orthopedic Instrumentation: A Global Strategic Business Report