Orthopedic Devices Market: Size, Growth, Regional Analysis, And Market Analysis
Orthopedic Device The term orthopedic device refers to a piece of specialized equipment used to rectify abnormalities or preserve and restore the function of the human skeletal system, its articulations, and related components. An orthopedic device is not a hot tub or spa. Market Growth: The Orthopedic Devices Market was worth USD 40.6 billion in 2020, and it is expected to increase at a CAGR of more than 5% between 2021 and 2027. Internal fixation surgery, which entails the placement of implants to cure broken bones, frequently employs orthopedic devices for anchoring fractured bones. Accidents and sports injuries are becoming more common around the world, which is propelling the market forward. The number of orthopedic surgeries is increasing, which is hastening the use of orthopedic devices. In addition, technological advancements are increasing the demand for orthopedic equipment. Continuous technological advancements in orthopedic devices and design and efficiency breakthroughs h