Orthopedic Implants Market Achieve CAGR 6.8% till-2023: Massive Growth in Orthobiologics due to Technological Advancements by Products and Types

Orthopedic Implants Market Achieve CAGR 6.8% till-2023: Massive Growth in Orthobiologics due to Technological Advancements by Products and Types

“Orthopedic Implants Market”
Orthopedic Implants Market Demand Analysis By Product Type (Spinal, Dental), Procedure (Open Surgery, MIS), Biomaterial (Metallic, Polymer, Ceramic), Device Type (Internal Fixation Device, External Fixation), Application, End-User– Forecast 2023

Orthopedic Implants Market to Achieve CAGR 6.8% During Forecast Period Reveals MRFR

orthopedic implants market can expect a 6.8% CAGR during the forecast period (2017-2023), reveals Market Research Future (MRFR) in a detailed study. Orthopedic implants market is experiencing a surge in sale across the globe, and it has been considerably boosted by technological advancement.

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.

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Few of the noteworthy orthopedic implants market players are NuVasive, Inc. (US), Zimmer Biomet Holdings, Inc. (US), Smith & Nephew plc. (UK), Wright Medical Group N.V. (Netherlands), Depuy Synthes Inc. (Johnson & Johnson) (US), Stryker Corporation (US), BioTek Instruments, Inc. (US), Aesculap Implant Systems (US), Medtronic, plc (Ireland), Globus Medical, Inc. (US), Integra LifeSciences Holdings Corporation (US), Conmed Corporation (US), Arthrocare Corporation (US), The Orthopedic Implant Company (US), and others.

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.

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.
  • Based on end-user, the orthopedic implants market consists hospitals, orthopedic clinics, home cares, 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 & Assessment

Chapter 5. Market Factor Analysis

5.1 Porter’s Five Forces Analysis

…Continued

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Detailed Regional Analysis 

The regional analysis of the orthopedic implants market comprises of regions such as America, Asia Pacific, Europe, and the Middle East & Africa.

The Americas region controls the market significantly through the forecast period. The control of this region can majorly be attributed to the rising geriatric population count thus increasing the number of patients being diagnosed with osteoporosis and osteoarthritis. The North American region is dominating the orthopedic implants market with a revenue share of 53.4 percent in 2015. It was noticed that Total Joint Arthroplasty (TJA) had garnered a great deal of attention in the US owing to the rising cost and growing demand. Additionally, the gradual transition towards minimally invasive procedures is anticipated to boost the market’s growth in the American region.

The European region is the next major market due to the rise in the geriatric population and the growing demand for orthopedic implants and devices for the treatment of spinal disorders. This progress in the number of patients suffering from bone-related issues will make a positive market opening for the sale of orthopedic implants in the orthopedic implants market in the European region.

The Asia Pacific region is a developing market in the market due to the rising patient awareness levels connected to the commercial availability of orthopedic implants, thriving medical tourism, and the continually improving healthcare infrastructure. Brazil, China, and India are expected to list the fastest growth over the forecast period. The Asia Pacific is expected to demonstrate significant growth in the forecast period.

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About Market Research Future: MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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