Description
According
to the findings of a recent research report made available by Radiant Insights,
Inc.; the worldwide orthopedic devices market is said to witness a substantial
growth in the forecast period (between 2016 and 2022). Orthopedic devices are
clinical devices that help support or replace injured or missing joints and bones.
These devices are generally made of stainless steel and also contain titanium
alloys for strength and coating of plastic that serves as a synthetic
cartilage. Some of the most widely used devices to support injured bones are
screws, rods, plates, and pins
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Orthopedic
devices witness a huge demand across the globe due to the rising number of road
accidents and growing number of target population that is prone to orthopedic
ailments. Manufacturers of these devices are focusing on new products and
development of advanced technologies to expand their product portfolio and to
attract more customers. For instance, The Orthopaedic Implant Company recently
launched a high-value OIC External Fixation System.
The
company presented their new product at the Annual Meeting of Orthopaedic Trauma
Association (OTA), 2017. The new fixation system comes with a multi-hole clamp
option. It also has bent and straight posts and it allows bar-to-pin/bar-to-bar
construction with the help of a patent pending single clamp system. It is made
up of non-ferrous materials and also contains carbon fiber bars and 5 mm
self-tapping and blunt half-pins.
High
demand for orthopedic surgeries, due to growing occurrences of orthopedic
diseases and road accidents, are expected to propel the orthopedic devices
market over the coming years. Growing levels of awareness among people
regarding the availability of advanced products and technologies force clinics
and hospitals to constantly improve their services and devices. This is also
anticipated to fuel the demand for orthopedic devices during the forecast years
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In
addition, increasing cases of obesity resulting in early onset of
musculoskeletal conditions are also likely to augment the overall demand for
these devices in near future. Key companies in the market are Hanger
Prosthetics & Orthotics, Inc.; Becker Orthopedic Appliance Co.; Comfortfit
Orthotic Labs, Inc.; Otto Bock Holding GmbH & Co. KG; and Aspen Medical
Products, Inc
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