According to the latest report by Renub Research, titled "Orthopedic Prosthetic Market Global Forecast by Products, Technology, Regions, Company Analysis" Prosthetics is a medical branch which deals in designing, evaluating, fabricating, fitting and delivering a prosthesis or artificial limb to replace a missing body part. Orthopaedic implants are manufactured to replace a damaged bone, missing joint or bone for patients. These implants are fabricated with the use of titanium alloys and stainless steel for the strength and plastic coating that acts as artificial cartilage. These operations are done with internal fixation for the purpose of repairing bone with surgical implementation. For internal fixation of broken bones, doctors use internal fixators such as wires, nails, screws, plates and pins.
The market for Global Orthopedic Prosthetics Market is increasing year on year according to Renub Research analysis; the market is forecasted to be US$ 2.72 Billion by the end of the year 2025. Growth factors for this market are the prevalence of diabetics and rising sports injuries. North America is leading the market as compared to other regions of the world. The use of electric-powered, conventional and hybrid orthopaedic prosthetics are driving the market. According to Renub Research analysis, electric-powered orthopaedics will have significant market share. Innovation in medical devices and increasing per capita income, as well as financial support by government and NGOs around the world, are enabling the patient to buy orthopaedic prosthetics devices without any hurdle.
The impact of COVID-19 on Global Orthopedic Prosthetics Market
The growth rate of the global orthopaedic prosthetics market has been disturbed by COVID-19 pandemic as most of the healthcare companies are investing heavily in the research and development of Coronvirus treatment. The market for Global Orthopedic Prosthetics Market will decline in the year 2020 as a result of lockdown imposed by government authorities.
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Our reports have been revised for market size, forecasts, and strategies to take on 2021 after the COVID-19 impact: https://www.thebusinessresearchcompany.com/global-market-reportsThe Orthopedic Prosthetics Global Market Report 2020-30 by The Business Research Company describes and explains the global orthopedic prosthetics market and covers 2015 to 2020, termed the historic period, and 2020 to 2025, termed the forecast period, along with further forecasts for the period 2025-2030.
The report evaluates the market across each region and for the major economies within each region.The Orthopedic Prosthetics Global Market Report 2021 covers orthopedic prosthetics market drivers, orthopedic prosthetics market trends, orthopedic prosthetics market segments, orthopedic prosthetics market growth rate, orthopedic prosthetics market major players, and orthopedic prosthetics market size.View Complete Report: https://www.thebusinessresearchcompany.com/report/orthopedic-prosthetics-global-market-reportThe orthopedic prosthetics market report provides an in-depth analysis of the impact of COVID-19 on the global orthopedic prosthetics industry, along with revised market numbers due to the effects of the coronavirus and the expected orthopedic prosthetics market growth numbers 2021-2030.Orthopedic Prosthetics Global Market Report 2021 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
The chapter also covers markets which have been positively affected by the pandemic.Request For The Sample Now:https://www.thebusinessresearchcompany.com/sample.aspx?id=2542=smpThe global orthopedic prosthetics market is expected to grow from $1.75 billion in 2020 to $1.95 billion in 2021 at a compound annual growth rate (CAGR) of 11.4%.
The market is expected to reach $2.53 billion in 2025 at a CAGR of 6.7%.The report covers the orthopedic prosthetic market segments-1) By Product Type: Upper Extremity Prosthetics, Lower Extremity Prosthetics, Sockets, Other Products.2) By End Users: Hospitals, Prosthetic Clinics, Rehabilitation Center, Others.3) By Technology: Conventional Orthopedic Prosthetics, Electric-Powered Orthopedic Prosthetics, Hybrid Orthopedic Prosthetics.About The Business Research Company: The Business Research Company is a market research and intelligence firm that excels in company, market, and consumer research.
It has over 200 research professionals at its offices in India, the UK and the US, as well a network of trained researchers globally.
