Orthopedic Consumables Market Size and Growth Rate:
Orthopedic Consumables Market was valued at USD xx million in 2017 and projected to reach USD xx million by 2025 growing at a CAGR of xx% during the forecast period 2018 to 2025.
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Orthopedic Consumables Market Overview:
Orthopedics is an area in medicine that contracts with the treatment of the musculoskeletal system, especially the spine, joints, and muscles. Orthopedic consumables are practiced to treat complex orthopedic impairments and include drill bits, burrs, saw blades, K-wires, and pins. The rising cases of accidental cuts of lower and upper extremity regions, fractures in the spine, trauma to soft tissues, and sports injuries globally are expected to generate a need for advanced orthopedic consumables.
Orthopedic Consumables Market Growth Drivers and Restraints:
Owing to the presence of many companies, the competitive environment among the members in the orthopedic consumables market is quite intense. The merchants mainly compete based on circumstances such as aggressive pricing, product differentiation, capital payment for product or technology upgrading, and sharing partnerships. Partnerships with group buying organizations (GPOs) and the acquisition of smaller companies are some of the procedures followed by the vendors to enhance their stock portfolios and increase market shares.
Geographical Analysis of Orthopedic Consumables Market:
The market in the Asia Pacific is anticipated to expand at a high CAGR during the projected period due to increase in the geriatric population, increase in per capita health care expenditure in emerging economies, and rise in the number of orthopedic surgeries.
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Key Players of Orthopedic Consumables Market:
Some of the major market players are Stryker Corporation, Johnson & Johnson, Wright Medical Group, Inc., Zimmer Biomet, BioTek Instruments, Inc., Medtronic plc, 3M Company, DSM Biomedical, ConMed Corporation, and others.
Orthopedic Consumables Market Segmentation:
· Surgical Orthopedic Consumables
· Wound-Management Orthopedic Consumables
By End Users/Applications:
· Ambulatory Surgical Centers (ASCs)
· North America
· Asia Pacific
· Middle East and Africa
· South America
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