Dublin, Jan. 26, 2024 (GLOBE NEWSWIRE) -- The "Orthopedic Accessories Global Market Report 2024" report has been added to ResearchAndMarkets.com's offering.
The comprehensive market report indicates a steady increase in the orthopedic accessories market size, with forecasts projecting growth from $3.36 billion in 2023 to $3.92 billion by 2028. The orthopedic accessories industry is experiencing a significant surge due to several contributing factors, including the rise in orthopedic conditions, innovations in product development, and an increase in the aging populace globally.
The global market for orthopedic accessories is projected to experience a notable expansion, with particular growth within North America and a burgeoning adoption of advanced 3D printing technology. Industry analysis suggests a continual rise in demand propelled by the prevalence of musculoskeletal disorders and an aging population requiring orthopedic support and rehabilitation.
Market Growth Influenced by Technological Innovations and Aging Demographics
The market spans an array of accessories utilized in the immobilization and support of musculoskeletal structures. Products such as bone cement and casting systems are in high demand, catering to healthcare facilities including hospitals and clinics specializing in orthopedic and trauma care.
Market Challenges and Emerging Solutions
While industry growth is robust, the sector faces challenges such as product recalls, driving the need for improved quality assurance and regulatory compliance. Despite these hurdles, advancements such as the adoption of 3D printed orthopedic accessories are facilitating high precision and patient-specific solutions, bolstering market growth.
- Innovative Product Development: Launches of cutting-edge products with enhanced capabilities for surgical applications.
- Market Expansion through Mergers and Acquisitions: Strategic business decisions aimed at broadening product portfolios and improving patient safety and convenience.
Geographic and Sectoral Insights
North America leads as the dominant region in the global marketplace due to advanced healthcare infrastructure and heightened adoption rates of innovative orthopedic solutions. The market report delves into the dynamics of other key regions and provides a granular examination of growth trends, market shares, and future opportunities across various geographies.
A selection of companies mentioned in this report includes
- Stryker Corporation
- Zimmer Biomet Holdings Inc.
- DePuy Synthes Companies
- Smith and Nephew PLC
- McDavid
- Aesculap Implant System
- Conmed Corporation
- Donjoy
- NuVasive
- Medtronic plc
- Schock Doctor
- Rehband
- Nordic Lifting
- BioSkin
- Bauerfeind AG
- Futuro
- Ultra Flex Athletics
- EVS Sports
- Neo G
- NatraCure
- United Ortho
- Corflex Cryo
- DJO Global
- Arthrex
- Tecres SpA
- Heraeus Holding and Teknimed
- OsteoRemedies
- Enovis
- Globus Medical
- Orthofix Medical (Orthofix-SeaSpine)
- 4Web Medical
- OrthoPediatrics
- SeaSpine Orthopedics
- Acumed LLC
- Bioventus Surgical
- Integra LifeSciences
- Medline Industries Inc.
- MicroPort Orthopedics Inc.
For more information about this report visit https://www.researchandmarkets.com/r/w0f8br
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