Orthopedic Implants Market Size, Share | Industry Analysis Report 2023A Story by sumit choudhari Orthopedic Implants Market report is an expert analysis report which gives detail information about industry players, segmentation and regional data in-depth. Medical Device Connectivity serves as a Orthopedic
implants market is experiencing a surge in sale across the globe, and it has
been considerably boosted by technological advancement. The global orthopedic
implants market can expect a 6.8% CAGR during the forecast period (2017-2023),
reveals Market Research Future (MRFR) in a detailed study. The study includes
orthopedic implants market drivers such as increasing prevalence of orthopedic
conditions such as fractures, osteoporosis, arthritis and technological
advancement which has led to the use of more sophisticated implants. Obesity,
sedentary lifestyle and adventure sports are instigating such diseases.
Furthermore, governments are also investing much in research and developments
that are helping the market gain momentum. At the same time, developing
countries are opening up wide spaces for orthopedic implants market to expand. The growing prevalence of orthopedic conditions, such as fractures,
degenerative bone disease osteoporosis, rising number of road accidents, and
arthritis are some of the major factors driving the market for orthopedic
devices. The World Health Organization (WHO) predicts the prevalence of
rheumatoid arthritis to be between 0.3% and 1% and more common in women and
developed countries. Rising cases of obesity, sedentary lifestyle, long working
hours, and rising sports culture result in the early onset of musculoskeletal
disorders which boosts the market. However, stringent regulations can put a brake on the regular orthopedic
implants market growth. In addition, these implants are costly which can have
an impeding effect on the market and reimbursement policies are often not
enough to cover the expense which is one of the prime irritants for the
orthopedic implants market growth. Orthopedic
Implants Market Segmentation: The global
orthopedic implants market can be segmented by product type, procedure,
biomaterial, device type, application, and end-user. Based on
product type, the orthopedic implants market can be segmented into spinal
implants, dental implants, trauma and craniomaxillofacial implants,
reconstructive joint implants, orthobiologics, and others. Procedure-wise,
the orthopedic implants market includes open surgery, minimally invasive
surgery (MIS), and others. Biomaterial-based
segmentation of the orthopedic implants market includes metallic biomaterials,
polymer biomaterials, ceramic biomaterials, and natural biomaterials. Based on
the device type, the orthopedic implants market includes internal fixation
devices and external fixation devices. External fixation devices are further
subdivided into orthopedic rods/wires, orthopedic screws, orthopedic plates,
fixation pins, and orthopedic nails. Application-wise,
the orthopedic implants market comprises neck fracture, spine fracture, hip
replacement, shoulder replacement, and others.
Regional Analysis: Geographic
analysis of the orthopedic implants market spans across mainly the Americas,
Europe, Asia Pacific (APAC), and the Middle East and Africa (MEA). The
Americas is currently spearheading the market and is expected to do so in the
coming years. The factors that are providing a tailwind for the regional market
are superior infrastructure, increasing patient pool with bone-related problems
and rising geriatric population. Minimally invasive surgeries are also picking
up the pace due to which the market can witness further growth in a new
direction. Similar
reasons have worked well for Europe and the European orthopedic implants market
gaining much prominence. The regional market is currently holding the second
spot. Meanwhile, the APAC region is expected to register the fastest CAGR owing
to the burgeoning medical tourism industry. China, and India, along with
Australia, are expected to contribute substantially, and the regional market
can bank on their enormous contribution. Key
Players Some major players in the global orthopedic implants market include
Depuy Synthes Inc. (Johnson & Johnson) (US), Globus Medical, Inc. (US),
NuVasive, Inc. (US), Smith & Nephew plc. (UK), Stryker Corporation (US),
Zimmer Biomet Holdings, Inc. (US), Integra LifeSciences Holdings Corporation
(US), Medtronic, plc (Ireland), The Orthopedic Implant Company (US), Wright
Medical Group N.V. (Netherlands), Aesculap Implant Systems (US), BioTek
Instruments, Inc. (US), Conmed Corporation (US), Arthrocare Corporation (US),
and others. Table Of Contents: Chapter 1. Report Prologue Chapter 2. Market Introduction 2.1
Definition 2.2 Scope
Of The Study 2.2.1
Research Objective 2.2.2
Assumptions 2.2.3
Limitations Chapter 3. Research Methodology 3.1
Introduction 3.2 Primary
Research 3.3
Secondary Research 3.4 Market
Size Estimation Chapter 4. Market Dynamics 4.1 Drivers 4.2
Restraints 4.3
Opportunities 4.4
Challenges 4.5
Macroeconomic Indicators 4.6
Technology Trends & Assessmen TOC Continued….!
© 2018 sumit choudhariAuthor's Note
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