(PharmaNewsWire.Com, April 20, 2017 ) As per the syndicated report published by Market Data Forecast Europe Orthopedic Devices Market which is estimated to be USD 10.35 million in 2016 is poised to reach USD 13.34 million by 2021, at a CAGR of 5.22% from 2016 to 2021.
It can be attributed to the factors such as rising prevalence of orthopedic conditions, increasing cases of road accidents, advancements in implants technology and the growing awareness about minimally invasive features. However certain challenges like costly equipment and procedure, repetitive product recalls, stringent approval procedure and biocompatibility issue must be dealt with to attain the full potential.
People suffering from chronic wounds, which take a lot of time to get healed and have expensive treatment, have gained a much-needed relief from Orthopedic Devices.
Orthopedic Devices market provides feasible as well as user-friendly products for the suffering patients. In order to attain a biocompatible tool, various properties of muscular skeletal tissues such as tendon, ligament, bone, and cartilage requires to be properly comprehended. The materials used in the devices are supposed to be adjustable to the body so as to prevent rejections.
Europe Orthopedic Devices Market is segmented based on Anatomical Location and Type as mentioned below for attaining a more granular perspective of the market. In the report, each sub segment is provided with Market Size Estimations and Y-o-Y Forecasts. Based on Type: Knee Shoulder Foot and Ankle Hip Spine Elbow Craniomaxillofacial Others Based on Application: Orthopedic staples Orthopedic suture anchors Resorbable suture anchors Metallic suture anchors
Europe is an amalgamation of major economies like Germany, Spain, Italy, U.K. and France among others to name a few. The report justifies this by offering country wise data for the EU5 countries while taking some other predominant economies into consideration as well (Netherlands, Greece and Rest of Europe). As per the study Germany is poised to hold the major market share followed by UK and France markets in this region.
Medtronic, Stryker, Zimmer Inc., DePuy, Synthes, Smith & Nephew, and Biomet are the major players operating in the Europe Orthopedic Devices Market. According to recent reports, Cardinal Health Group is nearing a deal to acquire Medtronic for a staggering USD 6 billion deal.
The Orthopedic Devices market study offers the following deliverables: Regional and country-level analysis that provides an innate perspective of European region and the aforementioned countries Meticulously identifying the key areas of market growth by providing market size forecasts and y-o-y estimations at a Segment-level analysis Explanations of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics Study of macro and micro environmental factors that affect the European market presented in the form of PESTLE and Porters Five Forces Analyses Company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview of the key market players operating in the region Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies Expertly devised Market Outlook - Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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