Published Date: 2021-10-14
Request a sample
European Orthopedic Devices Market size is estimated to reach USD 10.9 billion by 2027, according to a latest forecast report by Graphical Research.
Technological advancements in orthopedic devices are positively stimulating the market growth. The demand for patient specific orthopedic devices is surging due to the advancements in implants as it offers better anatomic fit, reduced operating time, etc. However, the use of imprecise orthopedic devices has often led to difficulties comprising discomfort, nausea, and pain among others. Hence, the requirement for firmer surgical fit has made industry players of orthopedic devices acknowledge the growing demand for patient centric implants designs. Thus, several manufacturers have implemented progressive strategies to introduce customized devices over the years. For instance, Mayo Clinic provides personalized prostheses for total knee replacement patients. The implant features a unique design based on a CT scan of the knee and algorithms that transform the scan outcomes into a 3D model by correcting damaged areas and mapping contours of the bones.
Growing prevalence of orthopedic diseases such as arthritis, osteoporosis, and low back pain among others are projected to influence the market size positively. As per the research journal published in 2016, the prevalence of osteoporosis was 2,997,243 (7%) women and 628,291 (2%) men in Germany. According to the Age UK, in 2021, approximately 3 million people in the UK are estimated to have osteoporosis. Further, according to the news article published in 2019, rheumatoid arthritis is the most common form of inflammatory arthritis that affected 1% to 2% of Irish people. These numbers are reported to be increasing gradually from the past few years and highlight a similar trend throughout the analysis period. Furthermore, growing awareness pertaining to non-invasive surgical procedures that cause minimum pain to curb the burden of orthopedic diseases is predicted to spur the market revenue. As per an international survey result published by the National Centers for Biotechnology Information (NCBI), the revision procedures rate surged substantially across all countries in Europe.
Browse detailed statistical insights from the report, “Europe Orthopedic Devices Market Forecast 2027 By Product (Joint Reconstruction Devices {Hip Replacement, Knee Replacement, Ankle Replacement, Shoulder Replacement}, Spinal Devices, Trauma Fixation Devices, Orthobiologics, Arthroscopic Devices), Research Report, Country Outlook (Germany, UK, France, Spain, Italy, Russia, Austria, Netherlands, Poland, Portugal, Sweden, Switzerland, Turkey, Ukraine, Denmark), COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
https://www.graphicalresearch.com/industry-insights/1968/europe-orthopedic-devices-market
The trauma fixation devices segment is set to expand at 3.8% CAGR over the projected timeframe. Trauma fixation devices are widely used for fixing and stabilizing severe fractures and bone dislocation. The high growth rate of the segment is owing to rising incidences of fractures & bone dislocations, road accidents, etc. Moreover, the introduction of innovative trauma fixation devices comprising drug eluting implants, bioresorbable implants, and nano-coated implants are boosting the industry growth. The growing number of injuries due to road accidents will act as a high impact rendering factor for fueling the demand for these devices. As per the provisional results of the Federal Statistical Office, in the 1st half of 2021, around 134,800 people are injured due to road accidents in Germany. According to the France government, approximately 12 million people are suffering from physical disabilities in France.
UK orthopedic devices industry is poised to witness over 4.1% CAGR during the forecast timeframe owing to the increasing elderly population, upsurge in medical tourism, rising prevalence of orthopedic ailments, etc. As per the Office for National Statistics, in 2016, approximately 11.8 million people were aged 65 years and above that represented 18% of the total population in the UK. Further, according to the National Hip Fracture Database report 2019, around 76,000 hip fractures occur each year in the UK. Furthermore, as per the Versus Arthritis, in 2017, over 10 million people has persistent back pain and 1.7 to 2.8 million adults had fibromyalgia in the UK. Moreover, stringent ethical regulatory standards, better quality of medical care, and availability of latest medical technology among others further promote medical tourism for orthopedic procedures in UK. Majority of the UK hospitals use high-tech imaging technologies and facilitate high standard of medical care.
European orthopedic devices market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2016 to 2027, for the following segments:
Europe Market, By Product
The above information has been provided for the following countries:
The great explorer of the truth, the master-builder of human happiness no one rejects dislikes avoids pleasure itself because it is pleasure but because know who do not those how to pursue pleasures rationally encounter consequences that are extremely painful desires to obtain.
Read More