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Orthopedic Implants Market Competitive Landscape, Growth Prospects, Industry strengths and benefit 2019 to 2023

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Rohit Kamble
Orthopedic Implants Market Competitive Landscape, Growth Prospects, Industry strengths and benefit 2019 to 2023

Increasing Prevalence of Fractures to Drive the Global Orthopedic Implants Market

The number of fractures per year are rising at a sharp rate and along with it the necessity for orthopedic implants. Technological innovations are also leading to foundations of new scientific concepts that benefit the medical industry such as robot assisted tools.

During the forecast period of 2018 to 2023, the global orthopedic implant market is believed to grow at desirable rate of 6.8% as per the in-depth market analysis undertaken by Market Research Future (MRFR).

Competitive Landscape

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.

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The bones within our body and the ones that protrude outside, such as teeth, can often suffer from heavy damage and require a structural support to carry on its functions. Orthopedic implants serve as these structures that either provide the necessary strength to these damaged bones or correct their flawed positioning or structure.

The term orthopedic is most commonly used for dental procedures as even the simplest of dental implants fall under this category. It also includes much higher-grade medical products such as implants for the spinal cord.

The surging demand for orthopedic implants can be attributed to various factors, however, the rising prevalence of accidents being the biggest driver.

Market Segmentation

The orthopedic implants market segmentation is done as per procedure, product type, application, device type, biomaterial, and end-user.

By product type, the market includes dental implants, spinal implants, reconstructive joint implants, trauma and craniomaxillofacial implants, orthobiologics, and others.

By biomaterial, the market includes ceramic biomaterials, polymer biomaterials, metallic biomaterials, and natural biomaterials.

By procedure, the market is divided into Minimally Invasive Surgery (MIS), open surgery, and others.

By application, the market includes application in neck fracture, hip replacement, shoulder replacement, spine fracture, and others.

By device type, the market segments into external fixation devices and internal fixation devices. The external fixation devices are classified into orthopedic screws, fixation pins, orthopedic plates, orthopedic rods/wires, and orthopedic nails.

By end-user, the market includes orthopedic clinics, hospitals, home cares, and others.

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Regional Analysis

The regional segmentation of the global orthopedic implants market includes regions like Asia Pacific, Europe, America, and the Middle East & Africa.

The Americas are the market dominators of orthopedic implants due to presence of a growing geriatric population base. North America holds the majority of the market portion with a total of 53.4% to its name as per the research in 2015. The market is slated to experience further growth due to the gradual transition towards minimally invasive procedures.

Europe holds the second largest share of the orthopedic implants market. This can be attributed to the increasing geriatric population and an ameliorating demand for orthopedic implants and related-devices for treating spinal disorders. Asia Pacific is projected as the emerging market in terms of growth, demand, and opportunity for orthopedic implants. Burgeoning patient awareness concerning the availability of orthopedic implants, improving healthcare infrastructure, and a booming medical tourism are all expected to drive the growth of the market in this region.

 

About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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.

Contact:

Akash Anand,

Market Research Future

+1 646 845 9312

Email: [email protected]

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