Current Technologies in Orthopedic Devices Market Allow For R&D of Devices Effective in Treatment of Numerous Degenerative and Age-Related Diseases

 

Orthopedic devices is a medical device which is utilized for the treatment and prevention of injuries and deformities in musculoskeletal system. The orthopedic devices market in recent years has developed quite a bit over the years, because of its high emphasis on the technological development and research of hip and knee medical devices throughout the world. Devices such as braces, splints, wheelchairs, and even artificial hips are becoming more common among older adults, because it is no longer considered to be a relatively young adult age to experience some sort of pain or disability. Because the older adult population is beginning to experience more common problems, an emphasis is being placed on more advanced and successful treatments that can reduce, or in some cases, even eliminate the need for traditional orthopedic surgery.

Orthopedic devices require a complex line of medical equipment and pharmaceuticals, which are designed to treat patients who are suffering from one or more musculoskeletal conditions. Of course, orthopedic devices demand an extensive amount of technological innovation and research in order to produce new products. These devices also demand the most innovative pharmaceuticals and software programs as well. Current technologies in the orthopedic devices market have allowed for the development of devices that are particularly effective in the treatment of numerous degenerative and age-related diseases, which were not treatable in previous generations of medical technology. The development of new medical technologies and pharmaceuticals has created a much more streamlined medical healthcare infrastructure throughout the world, as the quality of care provided to patients has dramatically increased.

Arthritis is one of the most common and debilitating musculoskeletal disorders affecting people of all ages. The global orthopedic devices market based on arthritis technologies focuses on new products that can effectively manage pain and inflammation, which in turn, can greatly improve the quality of life of arthritis sufferers around the world. The market includes a number of arthritis products such as braces, splints, roller chairs, crutches and walkers. Many of these orthopedic devices require the use of specialized therapeutic gels and lubricants in order to properly function.

High prevalence of musculoskeletal diseases is expected to aid in growth of the orthopedic devices market. According to the Study, ‘Prevalence of Musculoskeletal Injuries, Pain, and Illnesses in Elite Female Basketball Players, in Europe, in June 2019, the most frequently injured body parts were lower limbs: more than 60%, representing an injury rate of 0.14 per athletes and a 0.2 pain rate per athlete (during the study period). Moreover, rising prevalence of diabetes and obesity is also expected to continue to impact the device sales for the next decade. According to the study, “Global and regional diabetes prevalence estimates for 2019 and projections for 2030 and 2045: Results from the International Diabetes Federation Diabetes Atlas, 9th edition”, published in the journal Diabetes Research and Clinical Practice, in September 2019, 463 million people are expected to suffer from diabetes in 2019 worldwide and the number is expected to reach 578 million by 2030 and 700 million by 2045.