Global Orthopedics Diagnostic Devices Market Forecast to 2030
The global orthopedic diagnostic devices market size reached USD 11,024.00 Million in 2021 and is expected to register a revenue CAGR of 3.9% during the forecast period, according to the latest analysis by Emergen Research. The global demand for diagnosis and diagnostic equipment has increased due to the rising prevalence of orthopedic disorders such as osteoporosis, arthritis, elbow discomfort, and others. Arthritis is estimated to affect around 72 million people in the United States by 2030, according to the Centers for Disease Control and Prevention (CDC), and therefore, demand for orthopedic diagnostic equipment is likely to increase in the United States, making it one of the most lucrative markets in the world. An increase in the number of old and obese people is also expected to increase the adoption rate of orthopedic diagnostic devices and, thus, drive market revenue growth during the forecast period. According to the US Department of Health and Human Services projections, the country's geriatric population would increase to 72.1 million by 2030, more than doubling from 2000. This is expected to increase demand for orthopedic diagnostic devices as the geriatric population is more susceptible to orthopedic diseases such as osteoporosis and osteoarthritis.
The comprehensive and significant market research study on Orthopedics Diagnostic Devices offers business strategies, qualitative and quantitative analyses, and emerging trends. The report provides an in-depth examination and analysis of the key elements of the global Orthopedics Diagnostic Devices Market. By conducting extensive primary and secondary research and analyzing the drivers, constraints, challenges, trends, and opportunities of the Orthopedics Diagnostic Devices Market, the research analysts created this report.
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Competitive Terrain:
The global Orthopedics Diagnostic Devices industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.
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
Research Report on the Orthopedics Diagnostic Devices Market Addresses the Following Key Questions:
Who are the dominant players of the Orthopedics Diagnostic Devices market?
Which regional market is anticipated to have a high growth rate over the projected period?
What consumer trends and demands are expected to influence the operations of the market players in the Orthopedics Diagnostic Devices market?
What are the key growth drivers and restraining factors of the Orthopedics Diagnostic Devices market?
What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
What is the overall impact of the COVID-19 pandemic on the Orthopedics Diagnostic Devices market and its key segments?
Market Overview:
The report bifurcates the Orthopedics Diagnostic Devices market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
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
Regional Landscape section of the Orthopedics Diagnostic Devices report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
The various regions analyzed in the report include:
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)
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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.
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Orthopedics Diagnostic Devices market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
Key Points of the Geographical Analysis:
Data and information related to the consumption rate in each region
Estimated increase in the consumption rate
Proposed growth of the market share of each region
Geographical contribution to market revenue
Expected growth rate of the regional markets
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