Orthopedics Diagnostic Devices Market Size Worth USD 15,615.15 Million in 2030 | Emergen Research

The global orthopedics diagnostic devices market size reached USD 11,024.00 Million in 2021 and is expected to register a revenue CAGR of 3.9% during the forecast period, according to latest analysis by Emergen Research. The increasing prevalence of musculoskeletal disorders and the growing aging population are the major factors driving the growth of this market. In addition, the rising awareness of early diagnosis and treatment of these disorders is also fueling the growth of this market. However, the high cost of these devices and the lack of reimbursement are the major factors restraining the growth of this market.

Orthopedic diagnostic devices are used to diagnose and treat these and other orthopedic conditions. Common orthopedic diagnostic devices include X-ray machines, MRI machines, and CT scanners. These devices help doctors to visualize the inside of the body and to diagnose problems.

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Arthritis is estimated to affect more than 50 million people in the United States alone. According to the Arthritis Foundation, this disease is the leading cause of disability in America. Other common orthopedic problems include carpal tunnel syndrome, Achilles tendonitis, and rotator cuff tears.

Increase in the number of old and obese people and the growing number of people suffering from diabetes are among the factors that are influencing the orthopedics diagnostic devices market. The other factor is technological advances. However, there are certain factors that can hinder the growth of this market such as unfavorable reimbursement policies and a lack of skilled professionals.

Some Key Highlights From the Report

  • By product, the market is segmented into imaging devices, diagnostic instruments, and software. The imaging devices segment is expected to grow at the highest CAGR during the forecast period due to the increasing demand for early diagnosis of musculoskeletal disorders.
  • By technology, the market is segmented into X-ray, MRI, CT scan, ultrasound, and others. The MRI segment is expected to grow at the highest CAGR during the forecast period due to its ability to provide detailed images of the internal structures of the body.
  • By application, the market is segmented into orthopedic surgery, sports medicine, and others. The orthopedic surgery segment is expected to grow at the highest CAGR during the forecast period due to the increasing number of orthopedic surgeries being performed.

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  • By end user, the market is segmented into hospitals, clinics, and others. The hospitals segment is expected to grow at the highest CAGR during the forecast period due to the increasing number of patients being treated in hospitals.
  • North America is expected to grow at the highest CAGR during the forecast period due to the increasing prevalence of musculoskeletal disorders, the growing aging population, and the presence of a large number of players in this region.
  • Major companies profiled in the market report include GE Healthcare, Siemens Healthineers, Koninklijke Philips N.V., Canon Medical Systems Corporation, Hitachi, Ltd, Esaote S.p.A., Hologic, Inc., Planmed Oy, FUJIFILM Holdings Corporation, and Stryker.

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Emergen Research has segmented the global orthopedics diagnostic devices market on the basis of product, type, age group, application, end user, and region:

  • Product Outlook (Revenue, USD Million; 2019–2030)
    • X-ray Systems
    • Fluoroscopy
    • Doppler Ultrasound
    • Computed Tomography (CT Scan)
      1. Quantitative Computed Tomography
      2. High-resolution peripheral Quantitative Computed Tomography (HR-pQCT)
      3. Weight Bearing CT (WBCT)
    • Magnetic Resonance Imaging (MRI)
      1. Weight Bearing MRI
      2. Other Devices
    • Other Diagnostic Devices
  • Type Outlook (Revenue, USD Million; 2019–2030)
    • Standalone
    • Point of Care
  • Age Group Outlook (Revenue, USD Million; 2019–2030)
    • Pediatrics
    • Adults
  • Application Outlook (Revenue, USD Million; 2019–2030)
    • Osteoarthritis
    • Osteoporosis
    • Prolapsed Disc
    • Bone Tumors
    • Acute Injuries
    • Trauma
    • Other Applications
  • End User Outlook (Revenue, USD Million; 2019–2030)
    • Hospitals
    • Radiology Centers
    • Ambulatory Surgical Centers
    • Other End Users
  • Regional Outlook (Revenue, USD Million; 2019–2030)
    • North America
      1. U.S.
      2. Canada
    • Europe
      1. Germany
      2. France
      3. U.K.
      4. Italy
      5. Spain
      6. Rest of Europe
    • Asia Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Australia
      6. Rest of Asia Pacific
    • Latin America
      1. Brazil
      2. Mexico
      3. Rest of Latin America
    • Middle East & Africa
      1. Saudi Arabia
      2. UAE
      3. Africa
      4. Rest of Middle East & Africa

 

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