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According to a new market report published by Lucintel Marvin Jones Jr Black Jersey , the future of the global orthopedic device industry looks attractive with opportunities in public and private hospitals. The global orthopedic device industry is expected to reach an estimated $62.6 billion by 2022 and is forecast to grow at a CAGR of 5.5% from 2017 to 2022. The major drivers for the growth of this market are the increasing aging population, increasing adoption of advancements in medical technologies, and growing healthcare expenditure and awareness.
In this market, orthopedic reconstruction, spinal devices, trauma fixation devices, craniomaxillofacial devices Darius Slay Jr Black Jersey , dental implants, soft tissue repair, braces and accessories, and orthobiologics are the major segments by device type. On the basis of comprehensive research, Lucintel forecasts that the orthopedic reconstruction, trauma fixation devices, and orthobiologics segments are expected to show above average growth during the forecast period due to an increasing geriatric population Matthew Stafford Black Jersey , the rising prevalence of osteoporosis and osteoarthritis, and the increasing incidence of road accidents.
Within the global orthopedic device industry, orthopedic reconstruction is expected to remain the largest segment by device type. With the rise of orthopedic disorders and increasing aging population are the major driving forces that will spur growth for this segment over the forecast period.
North America is expected to remain the largest region due to increasing awareness of minimally invasive procedures for orthopedic surgeries, continuous innovation in the implant technologies, and advanced healthcare facilities.
APAC is expected to witness the highest growth rate over the forecast period due to increasing road accidents, advancement in the technologies of treatment, and increasing awareness about healthcare options.
Emerging trends Cheap Graham Glasgow Jersey , which have a direct impact on the dynamics of the industry, include the incre
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