Orthopedic Devices

The introduction of new technologies and improving healthcare infrastructure in emerging economies are driving the global medical device industry. Orthopedic medical devices are used for restoring mobility, reducing pain, and improving quality-of-life. A rapid rise in musculoskeletal diseases, lack of physical activities, increasing number of sports injuries, and aging population across the world are the factors prop The introduction of new technologies and improving healthcare infrastructure in emerging economies are driving the global medical device industry. Orthopedic medical devices are used for restoring mobility, reducing pain, and improving quality-of-life. A rapid rise in musculoskeletal diseases, lack of physical activities, increasing number of sports injuries, and aging population across the world are the factors propelling the demand for orthopedic devices. The most common orthopedic medical devices include rods, pins, plates, and screws used to anchor fractured bones while they heal. The devices are coated using titanium alloys and stainless steel for strength. Also, technological advancements such as 3D printing, robotics, and computer-aided surgeries have led to the rise in the adoption of minimally invasive surgeries. Minimally invasive procedures are cost-effective and offer quick recovery. Also, growing awareness regarding innovative products is encouraging hospitals to constantly upgrade their devices and services. The availability of reimbursement coverage in many countries is fueling the number of orthopedic surgeries being carried out.

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