Orthopedics Diagnostic Devices Market Growth of the Industry
According to Emergen Research's most recent analysis, the worldwide orthopaedics diagnostic devices market had a value of USD 11,024.00 million in 2021 and is projected to grow at a 3.9% CAGR. Due to the rising prevalence of orthopaedic problems like osteoporosis, arthritis, elbow pain, and others, there is a greater demand worldwide for diagnostics and diagnostic tools. According to the Centers for Disease Control and Prevention (CDC), 72 million Americans are expected to have arthritis by 2030. As a result, the US is expected to see a growth in demand for orthopaedic diagnostic equipment, making it one of the most lucrative industries in the world.
In addition to a complete analysis of market dynamics, the Global Orthopedics Diagnostic Devices Market study looks at both historical and current data. The major market growth driving and restraining factors that are anticipated to have an impact on market growth during the projected period are also discussed in the research. In order to offer growth estimates for the Orthopedics Diagnostic Devices market from 2022 to 2030, the Global Orthopedics Diagnostic Devices Market conducts market scenario research. The focus of the analysis is on prospective growth opportunities and challenges that market leaders may experience over the course of the projection period. The research gives particular emphasis to developing business components, specialist industries, product launches, and brand promotions that are occurring in the market
Over the forecast period, an increase in the population of elderly and obese individuals is anticipated to accelerate the usage of orthopaedics diagnostic devices and support market revenue growth. The US Department of Health and Human Services predicts that the number of seniors in the nation will more than double from 2000 to 2030, reaching 72.1 million. As the older population is more susceptible to orthopaedic disorders including osteoporosis and osteoarthritis, this is predicted to raise demand for orthopaedics diagnostic instruments.
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The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.
The leading market contenders listed in the report are:
GE Healthcare, Siemens Healthineers, Koninklijke Philips N.V., Canon Medical Systems Corporation, Hitachi, Ltd, Esaote S.p.A., Hologic, Inc, Planmed Oy, FUJIFILM Holdings Corporation, Stryker, Zimmer Biomet, Bone Index Ltd, SCANCO Medical AG and Echolight S.p.a
Target Audience of the Global Orthopedics Diagnostic Devices Market Report:
Key Market Players
Investors
Venture capitalists
Small- and medium-sized and large enterprises
Third-party knowledge providers
Value-Added Resellers (VARs)
Global market producers, distributors, traders, and suppliers
Research organizations, consulting companies, and various alliances interested in this sector
Government bodies, independent regulatory authorities, and policymakers
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Major Geographies Analyzed in the Report:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Market Segmentations of the Orthopedics Diagnostic Devices Market
This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2022 and 2030. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Orthopedics Diagnostic Devices market on the basis of product, application, and region:
Segments Covered in this report are:
Product Outlook (Revenue, USD Million; 2019–2030)
X-ray Systems
Fluoroscopy
Doppler Ultrasound
Computed Tomography (CT Scan)
Quantitative Computed Tomography
High-resolution peripheral quantitative computed tomography (HR-pQCT)
Weight Bearing CT (WBCT)
Magnetic Resonance Imaging (MRI)
Weight Bearing MRI
Other Devices
Other Diagnostic devices
Type Outlook (Revenue, USD Million; 2019–2030)
Standalone
Point of Care
Age Group Outlook (Revenue, USD Million; 2019–2030)
Pediatrics
Adults
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Some Key Highlights From the Report
X-ray systems segment revenue is expected to register a significantly rapid CAGR during the forecast period, owing to increasing use of interventional X-ray systems, including C-arms and others, for image-guided surgeries. Advances in C-arms, including mini C-arms based on digital radiography and flat panel detectors, have been instrumental in driving demand for X-ray equipment globally.
Point of care segment is expected to register a significantly robust revenue growth rate over the forecast period, due to rising demand for point-of-care orthopedics diagnostic devices, among other healthcare devices, owing to increasing preference for portable and less obtrusive medical devices.
North America is expected to register a considerably robust revenue growth rate in the global orthopedics diagnostic devices market over the forecast period, due to direct presence of key regional players, a strong distribution network, and well-established healthcare infrastructure. Recent trends in the North America orthopedics diagnostic devices market include use of new polymer materials and development of prosthetic devices as per functional needs of patients.
Additional information offered by the report:
Along with a complete overview of the global Orthopedics Diagnostic Devices market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
The report elaborates on the global Orthopedics Diagnostic Devices market size and share governed by the major geographies.
It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
It further presents a detailed description of the company profiles of the key market contenders.
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