(PharmaNewsWire.Com, May 26, 2017 ) As per the syndicated report published by Market Data Forecast Europe Orthopedic Devices which is estimated to be USD 10.35 billion in 2016 is poised to reach USD 13.34 billion by 2021, at a CAGR of 5.22% from 2016 to 2021. The growth of the Orthopedic Devices Market is mainly due to growing prevalence of orthopedic conditions, rising number of road accidents, continuous innovation in the implants technology, and increasing awareness of minimally invasive procedures. However, factors such as costly procedures & equipment, recurrent product recalls, biocompatibility issues, and stringent regulatory approval procedures are restraining the growth of the market.
To give a brief idea People who are afflicted with chronic wounds, which take significant amount of time to heal and are expensive to treat have received a much-needed relief in the form of Orthopedic Devices. Orthopedic Devices market caters feasible and user-friendly products to the afflicted patients. In order to acquire a biocompatible tool, several properties of musco-skeletal tissues such as tendon, bone, ligament, and cartilage need to be properly comprehended. The materials utilized in the devices must be adjustable to the body in order to prevent rejection.
Europe Orthopedic Devices Market is segmented based on type and Anatomical Location 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.
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 (Rest of Europe).
The market is categorized by the existence of diversified international and national companies, where the players lead the market and are predicted to grow exponentially by securing regional or local companies. The major companies dominating the Orthopedic Devices market are Medtronic, Stryker, Zimmer Inc., DePuy, Synthes, Smith & Nephew, and Biomet.
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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