Orthopaedic Industry News & Orthopaedic Company News | Orthogate Professionals

Americas Orthopedic Biomaterial Market information By type of material (Metal and Non metal), By Application (Joint Replacement, fracture Fixation Devices, Tissue Fixation, Spine implants Viscosupplementation) - Forecast to 2023

The global biosensors market was valued at $14,169.5 million in 2015, and it is expected to grow at a CAGR of 9.8% during 2016-2022. Based on application, the environment segment is expected to witness the fastest growth, CAGR of 11.5%, during the forecast period.

The surge in geriatric population across the globe, growing consumer awareness of orthobiologics, rise in demand for advanced treatment, rise in obesity, and the growing number of sports and road accidents drive the growth of the global orthobiologics market.

The global portable ultrasound device market was valued at $1,392.8 million in 2015, and it is expected to grow at a CAGR of 8.8% during 2016-2022.

3D printing continues to be a profitable avenue in the global medical technology space. The development of advanced technologies along with the rise in orthopedic complications are major growth aspects boosting the demand for 3D Printed Orthopedic Implants.

The global neurostimulation device market was valued at $5,656.1 million in 2015, and it is expected to grow at a CAGR of 12.9% during the period 2016 - 2022.

The increasing demand for miniaturized connectors, expanding medical devices industry, surging aging population, and rising prevalence of chronic diseases are some of the major reasons behind for the prosperity of the medical connectors market. In 2016, the market attained a size of $1.9 billion, and it is projected to generate a revenue of $2.8 billion by 2023, progressing at a CAGR of 6.3% during the forecast period (2017–2023). Medical connectors are used to latch or un-latch the tubing in medical devices and connect such devices and systems for transferring signals, data, media or power.

The use of customized orthopedic orthotic devices has increased considerably owing to their advantages such as these are specifically manufactured for a patient as per their measurements which means they are more comfortable than other devices. This in turn is expected to stimulate the market for orthotic devices 

The geographical segmentation of the global orthobiologics market includes North America, Europe, Asia-Pacific and Rest of the World (RoW).