The global orthopaedic consumables market sales is expected to grow at a compound annual growth rate (CAGR) of 3% between 2022 and 2032, with revenues expected to increase from US$ 41 billion in 2022 to US$ 55 billion.The market for orthopaedic consumables is expanding at a significant rate at the moment due to a persistent need for goods necessary for orthopaedic surgeries and treatments. This market includes a wide variety of consumables that are essential for orthopaedic procedures, such as surgical equipment, implants, and other medical devices. The ageing of the population, the development of orthopaedic technology, and the rise in musculoskeletal problems are all factors driving the market’s growth. Stakeholders in the market are anticipated to concentrate on innovation, research, and development as orthopaedic care gets more individualised and complex in order to meet the changing demands of orthopaedic physicians and other medical professionals. The global success and general efficacy of orthopaedic therapies are greatly aided by the orthopaedic consumables market.
The Orthopedic consumables are unique solutions for assisting in orthopaedic surgeries facilitate the procedure endlessly. The consumable devices provide valuable assist in the application of various fillers and cement’s for optimum delivery of the orthopedic fillers, cements, and rods.
Widespread of the joint related disorders and orthopedic injuries related inconvenience is anticipated to surge the demand for knee related orthopedic consumables and further increase the demand for the orthopedic consumables market.
Orthopedic Consumables Market: Introduction
The Orthopedic consumables manufacturer are readily adoption to the low cost oriented solutions to optimize the manufacturing process and offer efficient customized solution to the Users. The Orthopedic consumables are solutions used in the treatment of orthopedic injuries and damages to the bone.
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The consumables include saw blade, k-wire, burrs, drill bits, and pins the rapidly growing patient pool with accidental injuries of upper extremity and lower extremity body parts. Additionally the sports related injuries involving the peripheral bone damages require critical treatment procedure and termed by using orthopedic consumables. The Orthopedic consumables is one of the essential category in the surgical planning of the orthopedic procedure.
Orthopedic consumables Market: Drivers and Restraints
The significant factor fueling the growth of Orthopedic consumables is rising prevalence of the accidental injuries, spinal deformities, arthritis, sports related injuries, resulting in hefty demand for Orthopedic consumables. Rising incidence of the lower and upper extremity related injuries is further anticipated to fuel the demand for the orthopedic consumables. Considering the higher adoption in sports related injuries.
As per the data from center for disease control and prevention (CDC) approximately 23% of the adults populating physician diagnosed arthritis and joint disorder with comparative higher prevalence rate in the female population of 24% as compared to male 19% in year 2016.
Orthopedic Consumables Market: Introduction
The Orthopedic consumables manufacturer are readily adoption to the low cost oriented solutions to optimize the manufacturing process and offer efficient customized solution to the Users. The Orthopedic consumables are solutions used in the treatment of orthopedic injuries and damages to the bone.
The consumables include saw blade, k-wire, burrs, drill bits, and pins the rapidly growing patient pool with accidental injuries of upper extremity and lower extremity body parts. Additionally the sports related injuries involving the peripheral bone damages require critical treatment procedure and termed by using orthopedic consumables. The Orthopedic consumables is one of the essential category in the surgical planning of the orthopedic procedure.
Orthopedic consumables Market: Drivers and Restraints
The significant factor fueling the growth of Orthopedic consumables is rising prevalence of the accidental injuries, spinal deformities, arthritis, sports related injuries, resulting in hefty demand for Orthopedic consumables. Rising incidence of the lower and upper extremity related injuries is further anticipated to fuel the demand for the orthopedic consumables. Considering the higher adoption in sports related injuries.
As per the data from center for disease control and prevention (CDC) approximately 23% of the adults populating physician diagnosed arthritis and joint disorder with comparative higher prevalence rate in the female population of 24% as compared to male 19% in year 2016.
High preferences for the singles use solution integrating higher safety profiles and convince is anticipated to lure new entreats in the orthopedic consumables market. However, the higher coast associate with orthopedic consumables is anticipated to restrain the growth of the orthopedic consumables Market.
Orthopedic consumables Market: Overview
The Orthopedic consumables market exhibits similar to perfect competition nature. Key players in the orthopedic consumables market are largely working on providing solution for offering high degree of safety profile and comfort.
The manufactures are accessing the latest technological trends to integrate the leading technological feature in orthopedic consumables to enable the user maximum satisfaction and enhanced mobility for the body parts. The growing incidence of the orthopedic fracture and dislocation is anticipated to fuel the demand for orthopaedics surgery and interventions and Thereby anticipated to offer new growth opportunity for the orthopedic consumables market.
The orthopedic consumables are also utilized in the interventional diagnosis and assessment of the orthopedic complications, similarly growing trend in the utilization of the orthopedic consumables in the join and hip replacement is anticipated to create new growth pockets in the market.
Furthermore advanced clinical usability offered by the devices is anointed to offer leverage in the safety profiles of the recovery process adopted physicians is anticipated to create significant demand for the orthopedic consumables market.
Orthopedic consumables Market: Region-Wise Overview
The Global Orthopedic consumables market is segmented into the following regions – North America, Latin America, Europe, East Asia, South Asia, Oceania and the Middle East & Africa. North America holds significant regional market for orthopedic consumables due to growing adoption of the orthopedic surgeries, primarily interventional surgery, reasoning to the advance management of the orthopedic in the region.
In East Asia, China is dominating Orthopedic consumables market due to widespread use of Orthopedic consumables additionally presence of local manufacturing facilities. Latin America Orthopedic consumables market is anticipated to show inferior growth rate owing to use of traditional remedies and low rate of treatment seeking rate.
South Asia is expected to grow at significantly higher growth rate due to increasing adoption of disposable devices and systems in developing countries like India. Growth in Middle East and Africa is considerably low due to lower penetrating of the market players in the regions.
Orthopedic consumables Market: Key Participants
Examples of some of the key participants in the orthopedic consumables market are ConMed Corporation Stryker Corporation, Johnson & Johnson,Zimmer Biomet, Medtronic plc, 3M Company, DSM Biomedical, Wright Medical Group, Inc., BioTek Instruments, Inc. Among others.
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Key Segments:
By Product Type:
- Wound-Management Orthopedic Consumables
- Surgical Orthopedic Consumables
- Others
By End Use:
- Hospitals
- Ambulatory Surgical Centers
- Clinics
- Others
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
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