Global Personalized Orthopedics Market, By Application (Hip Orthopedic, Knee Orthopedic, Spine Orthopaedic, Cranio-maxillofacial Orthopaedic, Dental Orthopaedic, Shoulder Orthopaedic and Others), Products (Accessories and Surgical), End User (Hospitals, Ambulatory Centres, Home Care Settings and Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Personalized Orthopedics Market
Data Bridge Market Research analyses that the personalized orthopedics market will exhibit a CAGR of around 18.30% for the forecast period of 2021-2028. Rising prevalence of orthopaedic disorders, increased focus on research and development proficiencies in regards to medical devices and on the adoption of advanced healthcare technologies, growing demand for personalized solution and rising expenditure on the healthcare infrastructure development especially in the developing economies are the major factors attributable to the growth of personalized orthopedics market.
From the name itself, it is clear that personalized orthopaedics is the provision of providing customized healthcare solutions. Personalised orthopaedics not just specializes in musculoskeletal system i.e. bones and muscle and joint conditions but also in orthopaedic medicine. Personalised orthopaedics approach relies upon scientific discoveries and understanding of genetic molecular profiles. Personalised orthopaedics approach is further based on digital manufacturing and 3D modelling and imaging.
Upsurge in the prevalence of osteoarthritis and other orthopaedic disease globally is one of the major factors fostering the growth of the market. Rising focus on the healthcare technological advancements coupled with ever-rising geriatric population is another market growth determinant. Rising research and development proficiencies, growing availability of customized orthopaedics implants, rising participation in sports and related activities and increasing personal disposable income will further generate lucrative market growth opportunities.
However, high costs associated with personalized therapeutics will derail the market growth rate. Dearth of skilled professionals and unfavourable reimbursement scenario in the developing and underdeveloped economies will further pose challenges for the market. Also, post-surgery infections will also hamper the market growth rate.
This personalized orthopedics market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on personalized orthopedics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Personalized Orthopedics Market Scope and Market Size
The personalized orthopedics market is segmented on the basis of application, products and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on application, personalized orthopedics market is segmented into hip orthopedic, knee orthopedic, spine orthopedic, cranio-maxillofacial orthopedic, dental orthopedic, shoulder orthopedic and others.
- The products segment of the personalized orthopedics market is segmented into accessories and surgical.
- The personalized orthopedics market has also been segmented based on the end user into hospitals, ambulatory centers, Home care settings and others.
Personalized Orthopedics Market Country Level Analysis
The personalized orthopedics market is analysed and market size insights and trends are provided by country, application, products and end user as referenced above.
The countries covered in the personalized orthopedics market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the personalized orthopedics market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is because of the prevailing advanced healthcare technologies, growing adoption rate of personalised medical devices/ products and prevalence of patient specific health care systems. Asia-Pacific on the other hand is projected to exhibit the highest growth rate during the forecast period owing to the growth and expansion of healthcare industry in this region, availability of low cost skilled workforce, rise in acceptance of technologically advanced surgical procedures and growing prevalence of orthopaedic disorders.
The country section of the personalized orthopedics market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare infrastructure growth installed base and new technology penetration
The personalized orthopedics market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for personalized orthopedics market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the personalized orthopedics market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Personalized Orthopedics Market Share Analysis
The personalized orthopedics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to personalized orthopedics market.
The major players covered in the personalized orthopedics market report are 3M, Stryker, Zimmer Biomet, Medtronic, Medical Devices Business Services, Inc., Wright Medical Group N.V., Japan MDM, Inc., KYOCERA Corporation, SEIKAGAKU CORPORATION, NuVasive, Inc., SCHECK & SIRESS, Exactech, Inc., Smith & Nephew, CONMED Corporation., Globus Medical, DJO, LLC and Arthrex, Inc. among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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