Spotlight on Profitability versus Profits

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Profitability focuses on how efficiently a company generates profits relative to the resources it uses, like revenue per employee or return on assets. Profits are the actual dollar amounts a company earns after subtracting all expenses from revenues. While profits are important, focusing solely on increasing profits quarter-to-quarter can encourage short-term decisions at the expense of long-term growth and sustainability.

Business

Spotlight on Profitability versus Profits
May 26, 2019
Luis Veras Landron

According to TechSci Research report, “India Orthopedic Devices Market -Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030”, the India Orthopedic Devices Market stood at USD 1,280.54 Million in 2024 and is anticipated to grow with a CAGR of 7.84% in the forecast period, 2026-2030F. The India Orthopedic Devices Market is being driven by several factors. The most prominent ones include an increase in the elderly population, who are more prone to orthopedic conditions such as osteoporosis and arthritis. Moreover, the rise in sports injuries and road accidents are also contributing to the demand for orthopedic devices. Advances in technology and the introduction of innovative implants and prosthetics have further propelled the market growth. Additionally, government initiatives aimed at improving healthcare infrastructure and the increasing prevalence of lifestyle diseases have led to an upward trend in orthopedic surgeries, thereby fueling the market demand for these devices.

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