Orthopedics Diagnostic Devices Market Forecast to 2030
The global orthopedics 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 latest analysis by Emergen Research. The global demand for diagnosis and diagnostic equipment has increased, due to 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. Increase in the number of old and obese people is also expected increase the adoption rate of orthopedics 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 orthopedics diagnostic devices, as the geriatric population is more prone to orthopedic diseases, such as osteoporosis and osteoarthritis.
In order to better position themselves in the global Orthopedics Diagnostic Devices Market, the Orthopedics Diagnostic Devices Market study will offer readers, stakeholders, and enterprises detailed information about market size, revenue growth, and general market dynamics. Along with market segmentations based on things like product type, application, and regional bifurcation, it also includes comprehensive information on important considerations, limits, limitations, and problems.
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The global Orthopedics Diagnostic Devices market report employs an extremely extensive and perceptive process that analyzes statistical data relating to services and products offered in the market. The research study is a pivotal document in understanding the needs and wants of the clients. The report is comprised of significant data about the leading companies and their marketing strategies. The Orthopedics Diagnostic Devices industry is witnessing an expansion and change of dynamics owing to the entry of several new players.
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.
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
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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.
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
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The research report offers a comprehensive regional analysis of the market with regards to production and consumption patterns, import/export, market size and share in terms of volume and value, supply and demand dynamics, and presence of prominent players in each market.
Regional Analysis Covers:
- 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)
Furthermore, the report provides the analytical data in an organized format segmented into charts, tables, graphs, figures, and diagrams. This enables readers to understand the market scenario in an easy and beneficial manner. Moreover, the report aims to impart a prospective outlook and draw an informative conclusion to assist the reader in making lucrative business decisions. The report, in conclusion, provides a detailed analysis of the segments expected to dominate the market, the regional bifurcation, the estimated market size and share, and comprehensive SWOT analysis and Porter’s Five Forces Analysis.
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