Orthopedic Accessories Market to 2018: Top Industry Players, Revenue by 2026

Press Release

Orthopedic accessories are used to support skeletal structure and joint movements in various types of fractures and artificial joints. Orthopedic accessories, such as bone cement, are used to reinforce stability in bone during an internal fixation surgery, whereas accessories such as bone casting are used in applications such as wrist joint replacement, hip replacement, and tibia alignment.

Based on product type, the orthopedic accessories market can be classified as bone cement, casting system, and removal systems. The casting system segment is projected to account for a dominate share of the orthopedic accessories market due to increase in immobilization of broken bones by casting system to promote healing. In terms of end-user, the orthopedic accessories market can be segmented into hospitals, orthopedic clinics, trauma fixation centers, and others. The hospitals segment is expected to hold considerable share of the orthopedic accessories market during the forecast period due to factors such as rise in the rate of hospitalization for orthopedic disorders, and wide range of services offered by hospitals under one roof.

Rise in aging population who are susceptible to joint problems and increase in incidence rate of injuries related to accidents and sports are some factors driving the orthopedic accessories market. According to a study carried out by the American Academy of Orthopedic Surgeons (AAOS), around 25% of sports injuries were related to lower extremities such as ankle and foot. In the last few years, serious bone injuries have been reported among professionals as well as amateur sportspersons. Moreover, development of products with more advantages such as better fatigue strength, higher visibility in x-ray are projected to drive the orthopedic accessories market. However, high cost of the surgical procedure and high stringent approval processes for products are anticipated to hamper the orthopedic accessories market in the next few years.

In terms of region, the global orthopedic accessories market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominates the global orthopedic accessories market. The region is projected to account for a significant share of the global orthopedic accessories market during the forecast period due to rise in incidence of orthopedic disorders. According to the Geriatric Orthopedic Surgery & Rehabilitation (GOS), the number of hip fractures in the U.S. are likely to reach 840,000 by 2040. Rise in geriatric population, availability of favorable reimbursement policies for surgical procedures are few factors that are anticipated to drive the orthopedic accessories market in Europe from 2018 to 2026.

In Europe, prevalence of disabilities caused due to osteoporosis is higher than those caused by cancer. This is also projected to boost the market in Europe. Additionally, according to the National Joint Registry in the U.K., more than 160,000 number of hip and knee procedures are performed every year. Increase in prevalence of musculoskeletal disorders and rise in adoption of advanced diagnostic tools in the health care system in the region are anticipated to fuel the orthopedic accessories market in Asia Pacific during the forecast period.

Request Report Brochure @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=47637

Moreover, rise in adoption rate of technologically advanced orthopedic products in hospitals and well developed hospital infrastructure in countries such as South Korea and Singapore are attracting market players to these countries. Increase in prevalence of orthopedic disorders and availability of modern diagnostic procedures, and favorable healthcare infrastructure, are likely to augment the orthopedic accessories devices market in Middle East & Africa during the forecast period.

Major players operating in the global orthopedic accessories market include DePuy Orthopaedics, Inc., Zimmer Holdings, Inc., Smith & Nephew Plc, Stryker Corporation, Biomet, Inc., and Orthofix International N.V.

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

Contact Us

Transparency Market Research
State Tower,
90 State Street, Suite 700
Albany, NY 12207
United States
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: www.transparencymarketresearch.comA