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2021 Orthopedic Devices Global Market Report-COVID-19 Impact and Recovery
Business Research Company's 2021 Orthopedic Devices Global Market Report-COVID-19 Impact and Recovery
London, Greater London, United Kingdom, November 17, 2021/EINPresswire.com/-Biodegradable implants are increasingly used in trauma orthopedic surgery. Biodegradable implants are used to replace missing biological structures, support damaged biological structures, and strengthen existing bone structures. Biodegradable products, such as resorbable polymers composed of polyglycolic acid and polylactic acid, manufactured in the form of plates, screws, and pins, are replacing traditional equipment such as more expensive plates and screws. Surgeons prefer to use biodegradable implants instead of traditional implants, because biodegradable implants can be designed to provide temporary support for fractures; they can degrade at a rate that matches the formation of new tissue; they can eliminate two The need for a second operation is very useful for fracture fixation in children; and to reduce infections related to implants. For example, Stryker provides bone repair biodegradable products and other orthopedic biological products, which are used for bone regeneration and bone healing, soft tissue regeneration and the connection of muscles and bones.
Due to the increase in the global elderly population, the increase in the number of patients has made a significant contribution to the growth of the orthopedic device market in the historical period. According to the Census Bureau, the proportion of people over 65 in the global population has increased from 8% in 2015 to 9% in 2019. In 2019, the global population of 65 and over was 703 million. The elderly population has increased the demand for medical care and promoted medical care expenditures. For example, in 2017, half of the Dutch healthcare budget was spent on seniors over 65. These factors have increased the demand for these products and promoted the orthopedic device market in the historical period.
Read more about the global orthopedic device market report: https://www.thebusinessresearchcompany.com/report/orthopedic-devices-global-market-report-2020-30-covid-19-impact-and-recovery
The global orthopedic equipment market is expected to grow from USD 42.7 billion in 2020 to USD 49.59 billion in 2021, with a compound annual growth rate (CAGR) of 16.1%. The growth of the orthopedic device market is mainly due to the company's rearrangement of operations and recovery from the impact of COVID-19, which earlier led to restrictive containment measures, including social distancing, remote work and the closure of commercial activities, which led to Operational challenges. It is estimated that by 2025, the orthopedic device market will reach 61.08 billion U.S. dollars, with a compound annual growth rate of 5%.
Major players in the global orthopedic device market include Johnson & Johnson, Zimmer Biomet Holdings, Stryker Corporation, Smith & Nephew PLC, and B. Braun Melsungen.
TBRC's global orthopedic equipment market report is broken down by type into joint reconstruction equipment and equipment, spinal surgery equipment and equipment, trauma fixation equipment and equipment, orthopedic equipment and equipment, arthroscopy equipment and equipment, orthopedic stents and support equipment and equipment, cranial Maxillofacial (CMF)) Instruments and equipment, orthopedic prostheses, enter hospitals, clinics, diagnostic laboratories, etc. by end users, and enter public, private, and by-products into instruments/equipment and disposable products according to the type of expenditure.
2021 Orthopedic Devices Global Market Report-By Type (Joint Reconstruction Instruments and Equipment, Spinal Surgery Instruments and Equipment, Trauma Fixation Instruments and Equipment, Orthopedic Equipment and Equipment, Arthroscopy Instruments and Equipment, Orthopedic Brackets and Supporting Equipment and Equipment, Craniomaxillary Face (CMF) equipment and equipment, orthopedic prostheses), by end user (hospitals and clinics, diagnostic laboratories), by type of expenditure (public, private), by-products (instruments/equipment, disposable items), COVID-19 impact and Recovery is one of a series of new reports from The Business Research Company, providing an overview of the orthopedic device market, predicting the market size and growth of orthopedic devices, market segments and regions of orthopedic devices, market trends of orthopedic devices, and driving factors of the orthopedic device market. , Limiting factors, main competitors' revenue, profile and market share.
Request a sample of the global orthopedic equipment market report: https://www.thebusinessresearchcompany.com/sample.aspx?id=1974&type=smp
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