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NEW YORK , April 11, 2022 /PRNewswire/ -- The Outsourced Orthopedic Manufacturing Market report provides a detailed analysis of the competitive scenario, Drivers, Trends, Challenges, and market growth across various regions. The outsourced orthopedic manufacturing market size is expected to increase by USD 2.31 billion , at a CAGR of 7% from 2019 to 2024 as per the latest market forecast report by Technavio. North America was the largest outsourced orthopedic manufacturing market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The presence of key vendors and the increasing prevalence of orthopedic indications due to the rising obesity and geriatric population in the region will significantly drive outsourced orthopedic manufacturing market growth in this region over the forecast period. 46% of the market's growth will originate from North America during the forecast period. The US is the critical market for outsourced orthopedic manufacturing in North America . Market growth in this region will be slower than the growth of the market in APAC and ROW.
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Factors such as the rising prevalence of orthopedic diseases such as osteoarthritis and osteoporosis, the growing geriatric population, and advances in surgical procedures are driving the outsourced orthopedic manufacturing market. However, the high cost involved might hamper the market growth.
The market is fragmented, with the presence of global and local vendors. The vendors present in the market are mainly focusing on collaboration and partnerships to develop their product manufacturing capability and establish their presence in diversified geography with a considerable customer base. The outsourced orthopedic manufacturing market report provides complete insights on key vendors including Autocam Medical, Avalign Technologies Inc., InTech Medical SAS, Jabil Inc., LISI Group, Marle Group, NN Inc., Orchid MPS Holdings LLC, Tecomet Inc., and Viant.
Few companies with key offerings
The report includes the competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
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Outsourced Orthopedic Manufacturing Market Scope
Accelerate at a CAGR of 7%
North America, Europe, Asia, and ROW
Leading companies, competitive strategies, consumer engagement scope
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
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide 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 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.
Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/
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