Market Research Report Store Orthopedic Devices Global Market – Forecast To 202 | Page 3
2.5.6 KEY DATA POINTS FROM PRIMARY SOURCES 32
2.5.7 ASSUMPTIONS 33
3 MARKET ANALYSIS 34
3.1 INTRODUCTION 34
3.2 MARKET SEGMENTATION 35
3.3 FACTORS INFLUENCING MARKET 37
3.3.1 DRIVERS AND OPPORTUNITIES 38
3.3.1.1 High prevalence of osteoporosis or osteoarthritis and increase in ageing
population 38
3.3.1.2 Increasing demand for minimally invasive surgeries 38
3.3.1.3 Increasing number of outpatient procedure 39
3.3.1.4 Increase in accidents and sports injuries 39
3.3.1.5 High preference for orthopedic implants 40
3.3.1.6 Development of robotics 41
3.3.1.7 Identifying lightweight implants with new materials 41
3.3.2 RESTRAINTS AND THREATS 42
3.3.2.1 High cost of implants 42
3.3.2.2 Increasing pricing pressure from buyer and payer 43
3.3.2.3 Impact of medical device excise tax 43
3.3.2.4 Product recalls due to manufacturing errors 44
3.3.3 BURNING ISSUE 44
3.3.3.1 Lack of skilled orthopedic surgeon 44
3.3.3.2 Change in reimbursement scenario 44