The Global Orthopedics Diagnostic Devices Market study includes a thorough analysis of market dynamics as well as historical and current data analysis. The report also discusses the key market growth drivers and restraining factors that are likely to affect market growth during the forecast period. The Global Orthopedics Diagnostic Devices Market undertakes market scenario research to provide growth projections for the Surface Acoustic Wave Filters industry from 2022 to 2030. The analysis focuses on potential growth possibilities and difficulties that market leaders may run into during the forecast period. The study places a lot of emphasis on newly emerging business elements, specialized sectors, product launches, and brand promotions that are taking place in the market
The global orthopedic diagnostic devices market size reached USD 11,024.00 Million in 2021 and is expected to register a revenue CAGR of 3.9% during the forecast period, according to the latest analysis by Emergen Research. The global demand for diagnosis and diagnostic equipment has increased due to the rising prevalence of orthopedic disorders such as osteoporosis, arthritis, elbow discomfort, and others. Arthritis is estimated to affect around 72 million people in the United States by 2030, according to the Centers for Disease Control and Prevention (CDC), and therefore, demand for orthopedic diagnostic equipment is likely to increase in the United States, making it one of the most lucrative markets in the world. An increase in the number of old and obese people is also expected to increase the adoption rate of orthopedic diagnostic devices and, thus, drive market revenue growth during the forecast period. According to the US Department of Health and Human Services projections, the country's geriatric population would increase to 72.1 million by 2030, more than doubling from 2000. This is expected to increase demand for orthopedic diagnostic devices as the geriatric population is more susceptible to orthopedic diseases such as osteoporosis and osteoarthritis.
The global Orthopedics Diagnostic Devices industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.
Leading Market Players Profiled in the Report:
GE Healthcare, Siemens Healthineers, Koninklijke Philips N.V., Canon Medical Systems Corporation, Hitachi, Ltd, Esaote S.p.A., Hologic, Inc, Planmed Oy, FUJIFILM Holdings Corporation, Stryker, Zimmer Biomet, Bone Index Ltd, SCANCO Medical AG and Echolight S.p.a
X-ray systems segment revenue is expected to register a significantly rapid CAGR during the forecast period, owing to increasing use of interventional X-ray systems, including C-arms and others, for image-guided surgeries. Advances in C-arms, including mini C-arms based on digital radiography and flat panel detectors, have been instrumental in driving demand for X-ray equipment globally.
Point of care segment is expected to register a significantly robust revenue growth rate over the forecast period, due to rising demand for point-of-care orthopedics diagnostic devices, among other healthcare devices, owing to increasing preference for portable and less obtrusive medical devices.
North America is expected to register a considerably robust revenue growth rate in the global orthopedics diagnostic devices market over the forecast period, due to direct presence of key regional players, a strong distribution network, and well-established healthcare infrastructure. Recent trends in the North America orthopedics diagnostic devices market include use of new polymer materials and development of prosthetic devices as per functional needs of patients.
Key market aspects studied in the report:
Market Scope: The report explains the scope of various commercial possibilities in the global Orthopedics Diagnostic Devices market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.
Competitive Outlook: The leading companies operating in the Orthopedics Diagnostic Devices market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.
Report Objective: The primary objective of this report is to provide the manufacturers, distributors, suppliers, and buyers engaged in this sector with access to a deeper and improved understanding of the global Orthopedics Diagnostic Devices market.
The report bifurcates the Orthopedics Diagnostic Devices market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Age Group Outlook (Revenue, USD Million; 2019–2030)
Pediatrics
Adults
Regional Outlook:
North America (the U.S., Canada, Mexico)
Europe (the U.K., Germany, France, Italy)
Asia Pacific (India, China, Japan, Korea)
Latin America (Brazil, Argentina, Ecuador, Chile)
Middle East & Africa (Egypt, Turkey, Saudi Arabia, Iran)
Key reasons to buy the Global Orthopedics Diagnostic Devices Market report:
The latest report comprehensively studies the global Orthopedics Diagnostic Devices market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
The report offers an insightful analysis of the regional outlook of the market.
It offers a detailed account of the end-use applications of the products & services offered by this industry.
The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
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Latest Orthopedics Diagnostic Devices Published by Emergen Research:
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
