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Osteosynthesis Devices Market to Reach $9 Billion by 2024: Key Vendors are DePuy Synthes, Globus Medical & Zimmer Biomet - Research and MarketsResearch and Markets has announced the addition of the "Osteosynthesis Devices Market Analysis By Type, By Material And Segment Forecasts, 2013 - 2024" report to their offering. The osteosynthesis devices market size is expected to reach a value of USD 9.9 billion by 2024, according to this new report. The worldwide prevalence of conditions like osteoporosis and osteomalacia, coupled with heavily occurring road traffic injuries/accidents and sporting injuries support the demand for osteosynthesis devices worldwide. Osteoporosis, a disease resulting in weakening of bones is responsible for causing more than 8.9 million fractures annually. Forearm, humerus, hip and spine are the most commonly affected areas in patients suffering from the disease. The incidence and economic burden of osteoporosis is increasing worldwide, and patients 65 years old or over are at maximum risk of getting affected. The geriatric population accounted for 46.2 million in 2014, and is increasingly rising. It is projected that by the year 2060, the numer of older population will be twice than that of 2014. The rising incidence of osteoporosis and increasing count of the geriatric population is expected to drive demand for osteosynthesis devices in the coming years. North America reported highest revenue growth in this market. U.S. is one of the most lucrative and commercially important markets for orthopedic device manufacturers. Furthermore, technical advancements and a growing aging population (14.5% of the U.S. population), coupled with increasing investments in healthcare sector is estimated to drive growth in the market. Asia Pacific is expected to be an attractive region for osteosynthesis devices. Asia Pacific is reported to be at a high risk for osteoporosis because of a reported rise in the elderly population. Companies Mentioned:
Key Topics Covered: 1. Methodology and Scope 2. Executive Summary 3. Osteosynthesis Devices Market Variables, Trends & Scope 4. Osteosynthesis Devices Market: Type Estimates & Trend Analysis 5. Osteosynthesis Devices Market:Material Estimates & Trend Analysis 6. Osteosynthesis Devices: Regional Estimates & Trend Analysis, by Type& Material 7. Competitive Landscape For more information about this report visit http://www.researchandmarkets.com/research/n6q23h/osteosynthesis View source version on businesswire.com: http://www.businesswire.com/news/home/20170113005578/en/ |
