Growing Geriatric Population to Underscore Growth in Orthopedic Devices Market

Over the next few years, geriatric population will see a notable increase and that will lead to a demand for better care and better healthcare services. Equipment and air devices will play a notable role here. By 2050, one in every six people across the world will be aged 65 and over and one in every four will be in this age group as far as the regions of North America and Europe are concerned since here the process is steep. It is quite interesting to note here that from about 970 million in the year 2017; number of people in the age category of 60 and above will grow up to 2 billion by the year of 2050.

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As per TMRR, over the forecast period of 2019 to 2029, a host of factors will add to the growth trajectory of the global orthopedic devices market. This will strew a host of diverse growth opportunities along the way. Additionally, market worth would be boosted, pushing valuation upward. Players in the market will rush to lay claim to these for their own benefit.  Good reimbursement policy will help the market sustain growth over this period.

Top players in the global orthopedic devices market, pushing the trajectory higher, include the names such as Stryker Corporation, Aesculap Implant Systems, Medtronic Plc., Smith and Nephew, Zimmer Biomet, and DJO Global, among pothers. These players are proactive as far as goal achievements are concerned and that is laying the groundwork for high level of competition in the market over the forecast period. Research and development holds a key place in the market’s myriad growth strategies and that is the reason why increase in investment is being noted in this direction.

Region-wise, it is interesting that North America and Europe will hold prominent places in regional charts owing to the aforementioned reason of increasing geriatric population. Robust healthcare systems will also add to this growth.

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Author: Rohit Bhisey

As Head of Marketing at TMR Research, Rohit brings to the table over a decade of experience in market research and Internet marketing. His dedication, perseverance, and passion for perfection have enabled him to achieve immense success in his field. Rohit is an expert at formulating new business plans and strategies to help boost web traffic. His interests lie in writing news articles on technology,healthcare and business.

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