According to the industry analysis report titled ‘Europe Orthopedic Devices Market Forecast 2027 By Product, Research Report, Country Outlook, COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with MarketStudyReport, Europe orthopedic devices market is expected to amass a valuation of USD 10.9 billion by 2027.

Growth in geriatric population, increasing prevalence of orthopedic diseases, noteworthy technological advancements in the field, and escalating rate of orthopedic surgeries are the major factors fostering Europe orthopedic devices market growth.

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Researchers and analysts are of the opinion that people who have crossed 65 years of age are more likely to suffer from musculoskeletal diseases or other bone-related disorders which may positively impact the growth trajectory of the market in the upcoming years.

Despite the positive outlook, the expensive nature of orthopedic devices, post-surgery complications, stringent FDA regulations, and biocompatibility issues may hinder the expansion of the marketplace during the analysis timeframe.

Based on product type, joint reconstruction devices segment of Europe orthopedic devices industry accrued a valuation of USD 3.56 billion in 2020. This development can be attributed to increasing demand for minimally invasive joint reconstruction procedures that drastically reduce the chances of scarring, shortens hospital stay period, and quickens recovery time of the patients.

Furthermore, statistics available with National Joint Registry claim that around 160,000 hip and knee replacement surgeries take place annually in Wales and England. Mayo Clinic is said to have introduced customized prostheses for total knee replacement patients which is designed based on CT scans that convert knee scan into 3D model to fix damaged areas.

Meanwhile, the trauma fixation devices segment is anticipated to progress at a CAGR of 3.8% through 2027. These devices are utilized extensively to fix and stabilize bone dislocations in the case of severe fractures. In addition, technological innovations in the form of bioresorbable properties, nano implants, and drug releasing features are underway for these devices. Reportedly, nano coated implants fit perfectly into the required body part while also extending the lifespan of the device.

From a regional frame of reference, Germany held an industry share of nearly 22% in 2020. Rising geriatric population in the country, favorable government initiatives that promote research & development in the field as well as suitable reimbursement policies are bolstering market expansion.

The competitive terrain of Europe orthopedic devices business sphere is influenced by renowned companies such as Zimmer Biomet, Waldemar Link GmbH & Co. KG, Stryker Corporation, Smith & Nephew plc, NuVasive Inc., Microport Scientific Corporation, Medtronic plc, Medacta International SA, Integra LifeSciences, Tri-Med Inc., DJO Global Inc., DePuy Synthes Companies, ConforMis Inc., B. Braun Melsungen AG, Arthrex, Alphatec Spine Inc., and aap Implantate AG.