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The orthopedic accessories market is forecasted to achieve high growth in the coming few years with a forecast CAGR (compound annual growth rate) of 4%, as per The Business Research Company’s market report!

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The Orthopedic Accessories Market Size In 2022 And Forecast

The global orthopedic accessories market grew from $2.26 billion in 2021 to $2.46 billion in 2022 at a compound annual growth rate (CAGR) of 9.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The orthopedic accessories market is expected to grow to $2.88 billion in 2026 at a CAGR of 4.0%.

The orthopedic accessories devices (or) equipment market consists of sales of orthopedic accessories and related services. Orthopedic accessories are used to fix or remove implants from the body.

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Increase In The Number Of Medical Cases Due To Road And Sports Accidents Is Driving The Growth Of The Orthopedic Accessories Market

According to a report published by WHO, around 20-50 million people globally receive non-fatal injuries every year due to road accidents. Similarly, according to a survey by Stanford Children’s Health, more than 3.5 million children aged 14 or younger get hurt every year by playing sports or by participating in some recreational activity. As the number of road and sports accidents increases, the number of medical cases requiring orthopaedic accessories to get proper treatment will increase, thus driving the orthopaedic accessories market.

Competitive Landscape And The Regional Analysis Of The Orthopedic Accessories Market

Major players in the orthopedic accessories market are Stryker Corporation, Zimmer-Biomet Holding, DePuy Synthes, Smith and Nephew PLC, McDavid, Aesculap Implant System, Conmed Corporation, Donjoy, NuVasive, and Medtronic PLC.

Additionally, as per TBRC’s research – North America was the largest region in the orthopedic accessories market in 2021 holding the largest market share.

The Orthopedic Accessories Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the orthopedic accessories market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the orthopedic accessories market.

Using 3D Printing Technology – A Key Trend In The Orthopedic Accessories Market

Companies in the orthopedic accessories market are increasingly using 3D printing technology to improve production efficiency and for making customized accessories as per the patient’s requirements. 3D Printing technology is a process of making complex structures that are built by stacking up thin layers of a material and cutting out unwanted parts. In the case of orthopedic treatment, many people have different body shapes and sizes. 3D Printing allows companies to manufacture accessories as per the requirement of the patient.

Orthopedic Accessories Market Segmentation By The Business Research Company

1) By Type: Bone Cement, Casting System, Removal System

2) By Application: Hip, Knee, Spine

3) By End User: Hospital, Orthopedic Clinic, Trauma Fixation Center

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