
Report ID: UCMIG35A2579
Report ID:
UCMIG35A2579 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The market for small bone and joint devices was valued at USD 5.1 billion in 2019 and is anticipated to increase at a CAGR of 8.3% between 2020 and 2027. The market is primarily driven by the increasing popularity of reconstructive procedures, the prevalence of degenerative diseases such osteoporosis and arthritis, and the number of traffic accidents. Additionally, it is projected that the growing elderly population and the rising number of diabetic foot reconstruction activities will drive market expansion. According to the International Osteoporosis Foundation, 75 million people in the United States, Europe, and Japan were affected by osteoporosis in 2017.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Equipment by segment aggregation, the contribution of the Health Care Equipment in Health Care Equipment & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG35A2579