Technavio has been monitoring the outsourced orthopedic manufacturing market and it is poised to grow by USD 2.31 billion during 2020-2024, progressing at a CAGR of over 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200724005306/en/
Technavio has announced its latest market research report titled Outsourced Orthopedic Manufacturing Market 2020-2024 (Graphic: Business Wire)
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio's in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
Frequently Asked Questions-
- What was the size of the outsourced orthopedic manufacturing market in 2019?
- Technavio says that the value of market was at USD 5.71 billion in 2019 and is projected to reach USD 8.02 billion by 2024.
- Based on segmentation by product, which is the leading segment in the market?
- The implants are expected to be the leading segment in the global market during the forecast period.
- What is the major trend for the market?
- Technological advances in orthopedic implants is a major growth factor for the market.
- At what rate is the market projected to grow?
- The market is expected to register a CAGR of over 7% during the forecast period.
- Who are the top players in the market?
- Autocam Medical, Avalign Technologies Inc., In'Tech Medical SAS, Jabil Inc., LISI Group, Marle Group, NN Inc., Orchid MPS Holdings LLC, Tecomet Inc., and Viant. are some of the major market participants.
- What are the key market drivers and challenges?
- Rising prevalence of orthopedic disorders and technological advances in orthopedic implants are the major factors driving the market. However, the high implant prices coupled with decreasing reimbursement restraints the market growth.
- How big is the North American market?
- The market in the North America region was valued at USD 2.58 billion in 2019 which is anticipated to grow at USD 3.64 billion during 2024.
- Based on segmentation by product, which segment is expected to witness the fastest growth in the global market?
- Implants segment is expected to grow at a faster rate.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Autocam Medical, Avalign Technologies Inc., In'Tech Medical SAS, Jabil Inc., LISI Group, Marle Group, NN Inc., Orchid MPS Holdings LLC, Tecomet Inc., and Viant are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
View market snapshot before purchasing
The rising prevalence of orthopedic disorders has been instrumental in driving the growth of the market.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Outsourced Orthopedic Manufacturing Market 2020-2024: Segmentation
Outsourced Orthopedic Manufacturing Market is segmented as below:
- Product
- Implants
- Instruments
- Cases and Trays
- Geographic Landscape
- North America
- Europe
- Asia
- ROW
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR41587
Outsourced Orthopedic Manufacturing Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The outsourced orthopedic manufacturing market report covers the following areas:
- Outsourced Orthopedic Manufacturing Market Size
- Outsourced Orthopedic Manufacturing Market Trends
- Outsourced Orthopedic Manufacturing Market Analysis
This study identifies technological advances in orthopedic implants as one of the prime reasons driving the outsourced orthopedic manufacturing market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform
Outsourced Orthopedic Manufacturing Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist outsourced orthopedic manufacturing market growth during the next five years
- Estimation of the outsourced orthopedic manufacturing market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the outsourced orthopedic manufacturing market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of outsourced orthopedic manufacturing market vendors
Table of Contents:
Executive Summary
- Market Overview
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 2024
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product placement
- Implants Market size and forecast 2019-2024
- Instruments Market size and forecast 2019-2024
- Cases and trays Market size and forecast 2019-2024
- Market opportunity by Product
Customer Landscape
- Overview
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America Market size and forecast 2019-2024
- Europe Market size and forecast 2019-2024
- Asia Market size and forecast 2019-2024
- ROW Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver Demand led growth
- Volume driver Supply led growth
- Volume driver External factors
- Volume driver Demand shift in adjacent markets
- Price driver Inflation
- Price driver Shift from lower to higher-priced units
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
- Vendor Analysis
Vendors covered
- Market positioning of vendors
- Autocam Medical
- Avalign Technologies Inc.
- In'Tech Medical SAS
- Jabil Inc.
- LISI Group
- Marle Group
- NN Inc.
- Orchid MPS Holdings LLC
- Tecomet Inc.
- Viant
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200724005306/en/
Contacts:
Technavio Research
Jesse Maida
Media Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
