Global Orthopedic Implants Market, By Product Type (Reconstructive Joint Replacements, Spinal Implants, Dental Implants, Orthobiologics, Trauma and Craniomaxillofacial Implants, Others), Biomaterial (Ceramics Biomaterials, Metallic Biomaterials, Polymeric Biomaterials, Natural Biomaterials Constipation), Procedure (Open Surgery, Minimally Invasive Surgery (MIS), Others), Device Type (Internal Fixation Devices, External Fixation Devices), Application (Neck Fracture, Spine Fracture, Hip Replacement, Shoulder Replacement, Others), End User (Hospital, Orthopedic Clinics, Home Cares, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
Orthopedic implants market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to grow at a CAGR of 4.8% in the above mentioned forecast period.
The orthopedic implants market is anticipated to grow at a faster pace due to high risk of osteoporosis and oerstoarthitis becomes more common as one comes near old age Also the, soaring number of road accidents and sports injuries is incessantly engendering the multitude of worldwide trauma cases thus lifting the demand of the orthopedic implants market over the forecast period of 2021 to 2028. The cost prohibitive nature of these implants associated with the insufficient reimbursement coverage is also exceedingly influencing the growth of the orthopedic implants market.
Moreover, rising geriatric population demands refined and rapid surge in the acceptance of orthopedic implants is also adding to the market growth. Likewise, factors such as the rise in the incidences of orthopedic devices, increasing cases of trauma and fractures, increasingly opt for orthopedic implants by patients in their middle-age, low bone density problems, introduction of biodegradable implants and internal fixation devices are some of the key aspects driving the market of orthopedic implants market. While, the orthopedic implants procedures are costly are expected to impede the growth of the orthopedic implants market in the above mentioned forecast period. Additionally, the high usage for treating the back pain and orthopedic implants like bone screws and plates that are used in fixation of fractured bone and spinal fusion surgery are also lifting the growth of the orthopedic implants market.
The various technological innovations in the field of orthopedic implants and enhanced healthcare facilities will create ample growth opportunities for the orthopedic implants market to grow in the forecast period of 2021 to 2028. The existent of strict regulatory framework and the numerous product recalls will challenge the growth of the orthopedic implants market.
This orthopedic implants market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on orthopedic implants market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Orthopedic implants Market Scope and Market Size
Orthopedic implants market is segmented on the basis of product type, biomaterial, procedure, device type, application and end user. The growth amongst these segments will help you analyze meager growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on product type, the orthopedic implants market is segmented into reconstructive joint replacements, spinal implants, dental implants, orthobiologics, trauma and craniomaxillofacial implants and others. Reconstructive joint replacements have further been segmented into knee replacement implants, hip replacement implants and extremities. Extremities have further sub-segmented into upper extremity reconstruction and lower extremity reconstruction.
- On the basis of biomaterial, the orthopedic implants market is segmented into ceramics biomaterials, metallic biomaterials, polymeric biomaterials and natural biomaterials constipation.
- Based on procedure, the orthopedic implants market is segmented into open surgery, minimally invasive surgery (MIS) and others.
- On the basis of device type, the orthopedic implants market is segmented into internal fixation devices and external fixation devices. External fixation devices have further been segmented into orthopedic rods/wire, orthopedic screws, orthopedic plates, fixation pins and orthopedic nails sodium phosphate enemas.
- The application segment of the orthopedic implants market is segmented into neck fracture, spine fracture, hip replacement, shoulder replacement and others.
- On the basis of end user, the orthopedic implants market is segmented into hospital, orthopedic clinics, home cares and others.
Orthopedic Implants Market Country Level Analysis
Orthopedic implants market is analyzed and market size insights and trends are provided by country, product type, biomaterial, procedure, device type, application and end user as referenced above.
The countries covered in the orthopedic implants market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America region leads the orthopedic implants market owing to the strong presence of a well-defined regulatory framework, recommendations of government and healthcare agencies and high adoption rate of minimally invasive procedures in the region. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 owing to the rising disposable income, rising awareness with regard to better and advanced orthopedic prostheses, improving healthcare infrastructure as well as the thriving medical tourism industry in this particular region.
The country section of the orthopedic implants market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
Orthopedic implants market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for orthopedic implants market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the orthopedic implants market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Orthopedic Implants Market Share Analysis
Orthopedic implants market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to orthopedic implants market.
The major players covered in the orthopedic implants market report are Globus Medical, Medtronic, Integra LifeSciences Corporation, DePuy Synthes, DJO, LLC, Stryker Corporation, Zimer Biomet, CONMED Corporation, NuVasive, Inc., Wright Medical Group N.V., Smith + Nephew, Orthopedic Implant Co., Aesculap Inc., Baxter, Flexicare Medical Limited, BioTek Instruments, Inc., and Arthrex Inc., Narang Medical Limited, Auxein Medical, and Uteshiya Medicare among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Orthopedic Implants Market
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