Global orthopedic disposables market is anticipated to grow with an impressive CAGR value in the mentioned forecast years 2023-2027 on the account of increasing demands for the disposable medical products. Increase in the demand for the orthopedic medical devices is further driving the growth of the global orthopedic disposables market in the upcoming five years.
Orthopedic disposables are the medical devices specifically designed for one time use such that infection instances during and after the use of medical devices for various purposes can be minimized. These are biodegradable implants and medical products that allows the disease prognosis and treatment purposes in environmentally friendly ways.
These devices are also promoted by the physicians and experts to minimize cross contamination of the artificial bone manufacturing procedures. The medical devices have other advantages like cost-savings higher efficiency, and increased safety standards meanwhile they do not sacrifice durability and strength of other traditional instruments and equipment.
Technological Advancements Drive Market Growth
Increased research and technological advancement in the orthopedic devices lead the global orthopedic disposables market to its expected growth in the upcoming five years. Major economies are actively investing and promoting private investments in the disposable medical devices thus aiding to the growth of the global orthopedic disposables market in the next five years.
Single-use procedural kits are readily accepted in the industry leading to the increase in demand. Moreover, medical device designers, manufacturers, and surgeons are preferring the use of orthopedic disposables thus aiding the demand and thus the growth of the global orthopedic disposables market in the future five years.
Safety Concerns Supports Market Growth
Increasing concerns among the population and physician & surgeons regarding safety of the patient and the procedures is further driving the growth of the global orthopedic disposables market in the upcoming five years. Use of traditional equipment have decreased significantly in recent years owing to the concerns for procedure safety. With guaranteed sterility, and confirmed safety standards, disposable products are further in demand and thus support the growth of the global orthopedic disposables market in the future five years.
According reports in 2020, out of 296,000 patients suffering spinal cord injuries in the United States, 30% of the patients were re-hospitalized due to post-op complications. Post-op complications often arise majorly due to infections caused during or after the surgeries are completed, making it hazardous situation. The patients being re-hospitalized often require new implants, or complete surgeries that increase healthcare cost as well as increased risk of death during operations. Thus, the demand for orthopedic disposables increases and support the growth of the global orthopedic disposables market in the forecast years.
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Market Segmentation
The global orthopedic disposables market segmentation is based on type, application, end user, regional distribution, and competitive landscape. Based on type the market is fragmented into bone preparation kits, pulsed lavage system, bone cement mixer, tourniquet system, suture retrievers, positioner kits, and others.
On the basis of application, the market is sub-segmented into trauma, wound care, and orthopedic surgeries. Market segmentation based on end user, bifurcates into hospitals & specialty clinics, ambulatory surgical centers, and others.
Company Profile
Arthrex, Inc., Stryker Corporation, Zimmer Biomet Holdings, Inc., Skytron Corporation, DeRoyal Industries, Inc., Steris Corporation, Johnson & Johnson, B. Braun Melsungen AG, Smith & Nephew, Plc., Medtronic, Plc., are enlisted in a partial list of major market players of the global orthopedic disposables market. The existing market players are highly invested in research and product development along with viable service provisions for the consumers. New market entrants may follow similar strategies along with merger and acquisition methods for future brand establishment.
Attribute | Details |
Base Year | 2021 |
Historical Data | 2017 – 2020 |
Estimated Year | 2022 |
Forecast Period | 2023 – 2027 |
Quantitative Units | Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027 |
Report coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments covered | |
Regional scope | North America; Europe; Asia Pacific; South America; Middle East & Africa |
Country scope | United States, Mexico, Canada, China, India, Japan, South Korea, Australia, Germany, France, United Kingdom, Spain, Italy, South Africa, UAE, Saudi Arabia, Brazil, Argentina, Colombia |
Key companies profiled | Arthrex, Inc., Stryker Corporation, Zimmer Biomet Holdings, Inc., Skytron Corporation, DeRoyal Industries, Inc., Steris Corporation, Johnson & Johnson, B. Braun Melsungen AG, Smith & Nephew, Plc., Medtronic, Plc., |
Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |