The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s orthopedic accessories market report forecasts the orthopedic accessories market size to grow to $3.82 Billion by 2027, with a CAGR (compound annual growth rate) of more than 3%.

Learn More On The Orthopedic Accessories Market Report 2023 – https://www.thebusinessresearchcompany.com/report/orthopedic-accessories-global-market-report

Orthopedic Accessories Market Size Forecast

The global orthopedic accessories market is expected to grow from $3.25 billion in 2022 to $3.36 billion in 2023 at a compound annual growth rate (CAGR) of 3.5%. 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The orthopedic accessories market size is expected to grow to $3.82 billion in 2027 at a CAGR of 3.2%.

North America held the largest orthopedic accessories market share.

Key Orthopedic Accessories Market Driver ­– Increase In The Number Of Medical Cases Due To Road And Sports Accidents

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.

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Key Orthopedic Accessories Market Trend – Adopting 3D Printing Technology

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. For example, the ZSFab company used 3D Printing technology to manufacture orthopedic accessories like neck braces and wrist casts. Also, companies like Stryker, Medtronic, and Smith & Nephew are working on 3D printing to improve manufacturing efficiencies and product quality.

Orthopedic Accessories Market Segment

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

Orthopedic Accessories Market Major Players and Strategies

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.

The Orthopedic Accessories Global Market Report 2023 covers regional data on orthopedic accessories market size, orthopedic accessories market trends and drivers, opportunities, strategies, and orthopedic accessories market competitor analysis. 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, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Orthopedic accessories refer to the products that are used to fix or remove implants from the body.

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