Orthopaedic surgery or orthopaedics, also spelled orthopaedics, is the branch of Surgery focussed with conditions involving the musculoskeletal system. The global orthopaedic devices market size was USD 53.44 billion in 2019 and is projected to reach USD 68.51 billion by 2027, exhibiting a CAGR of 6.6% during the forecast period. Growing surgical procedures using various categories of orthopaedic implants and instruments are projected to fuel the market growth.
Many orthopaedic surgeons elect to do further training, or fellowships, after completing their residency training. The global orthopaedic surgery equipment market is expected to reach USD 22.8 Billion by 2022 from USD 17.5 Billion in 2017, growing at a CAGR of 5.5% from 2017 to 2022. Rising incidence and prevalence of orthopaedic disorders, and growing geriatric population are some of the major driving factors driving the growth of the global orthopaedic surgery equipment market.
Orthotics is a specialty within the medical field concerned with the design, manufacture and application of orthoses. An orthosis is "an externally applied device used to modify the structural and functional characteristics of the neuromuscular and skeletal system". Global Orthopaedic prosthetics Market is expected to rise from its initial estimated value of USD 2.11 billion is 2018 to an estimated value of USD 3.24 billion by 2026, registering a CAGR of 5.5% in the forecast period of 2019-2026.
Injury to the musculoskeletal system and orthopaedic disorder can be prevented if control measures, exercising, and being aware of lifting, running, walking and working issues.
Sports Medicine Market size exceeded USD 5.9 billion in 2018 and is poised to grow at over 6.4% CAGR between 2019 and 2025. Increasing cases of sports injuries will drive the market growth. ... According to recent study, more than 30 million children and teens in the U.S. participate in some form of organized sports.
Osteoporosis is a disease where increased bone weakness increases the risk of a broken bone. It’s the foremost common reason for a broken bone among the elderly. Bones that commonly break include the vertebrae within the spine, the bones of the forearm, and also the hip.
The global osteoporosis treatment market size was valued at USD 10.74 billion in 2018 and is projected to reach USD 15.08 billion by 2026, exhibiting a CAGR of 4.3% during the forecast period.
Rheumatology is a branch of medicine, which is especially meant to adequate diagnosis and therapy of rheumatic diseases. Branch of rheumatology involves basic research and clinical research, still as clinical diagnosis, treatment, and long-term management of patients with these illnesses.
The market size stood at USD 23,822.5 and is projected to reach USD 33,958.4 Million by 2025, exhibiting a CAGR of 4.6% during the forecast period (2018-2025).
3D printed models are useful for transferring information to the surgeon in a more informative way and allow for improved, more detailed surgical planning. The 3D printing medical devices market is projected to grow from an estimated USD 0.84 billion in 2017 to USD 1.88 billion by 2022, at a CAGR of 17.5% during the forecast period. Market growth is largely driven by factors such as technological advancements, increasing public-private funding for 3D printing activities and growing applications in the healthcare industry.
The global regenerative medicine market size was estimated at USD 3.0 billion in 2019 and is expected to reach USD 3.4 billion in 2020. The global regenerative medicine market is expected to grow at a compound annual growth rate of 11.6% from 2019 to 2025 to reach USD 5.6 billion by 2025.
Arthritis is a rheumatic disease that has symptoms of pain, limited movement, swelling and pain in connective tissues. Many of the causes of arthritis are unknown. The osteoarthritis therapeutics market is projected to reach USD 11.0 billion by 2025 from USD 7.3 billion in 2020, at a CAGR of 8.7% from 2020 to 2025.