Orthopedics Diagnostic Devices Market: Prospects for Growth in Developing Economies
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.
The latest research report, titled ‘Global Orthopedics Diagnostic Devices Market’, can be considered a profound analysis of the global Orthopedics Diagnostic Devices Market that focuses on crucial data and information pertaining to the sales and revenue shares. The market evaluations over the forecast years are based on a comprehensive analysis of the leading market segments, such as product type outlook, application continuum, regional overview, and competitive landscape of the global Orthopedics Diagnostic Devices Market.
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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
Additional information offered by the report:
Along with a complete overview of the global Orthopedics Diagnostic Devices market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.The report elaborates on the global Orthopedics Diagnostic Devices market size and share governed by the major geographies.It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.It further presents a detailed description of the company profiles of the key market contenders.
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Segments Covered in this report are:
Product Outlook (Revenue, USD Million; 2019–2030)X-ray SystemsFluoroscopyDoppler UltrasoundComputed Tomography (CT Scan)Quantitative Computed TomographyHigh-resolution peripheral quantitative computed tomography (HR-pQCT)Weight Bearing CT (WBCT)Magnetic Resonance Imaging (MRI)Weight Bearing MRIOther DevicesOther Diagnostic devicesType Outlook (Revenue, USD Million; 2019–2030)StandalonePoint of CareAge Group Outlook (Revenue, USD Million; 2019–2030)PediatricsAdults
Radical Highlights of the Orthopedics Diagnostic Devices Market Report:
Comprehensive overview of the Orthopedics Diagnostic Devices market along with analysis of the changing dynamics of the marketGrowth Assessment of various market segments throughout the forecast periodRegional and global analysis of the market players, including their market share and global positionGrowth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the marketImpact of the technological developments and R&D advancements on the Orthopedics Diagnostic Devices marketInformation about profit-making strategies and developmental strategies of major companies and manufacturersInsightful information for the new entrants willing to enter the marketDetails and insights about business expansion strategies, product launches, and other collaborationsThe report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
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