Global Personalized Orthopedics Market By Application (Hip Orthopedic, Knee Orthopedic, Spine Orthopedic, Cranio-maxillofacial Orthopedic, Dental Orthopedic, Shoulder Orthopedic, Others), Products (Accessories, Surgical), End-User (Hospitals, Ambulatory Centers, Home Care Settings, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis: Global Personalized Orthopedics Market
Global personalized orthopedics market is set to witness a substantial CAGR in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. This rise in market value can be attributed to increasing demand for personalized Solutions.
Market Definition: Global Personalized Orthopedics Market
Personalized orthopedics approach relies on the scientific discoveries and understanding of genetic and unique molecular profiles to make patients susceptible to certain diseases. Innovative technology is playing an important role in personalized orthopedics which includes 3D imaging and modeling and digital manufacturing. Personalized orthopedics is providing customization solution with range of specialists which include physical therapists, interventional spine specialists, surgeons and non-surgical specialists for injuries and musculoskeletal system. It not only treats bone, muscle and joint conditions but also specializes in orthopedic medicine.
- Increasing number of geriatric population and prevalence of associated diseases like osteoarthritis, osteoporosis is expected to drive the growth of this market
- Increasing R&D activity and availability of customized orthopedics implants will also foster the market growth
- Increasing prevalence of sports related bone injuries is expected to increase growth of the market in the forecast period
- Growing awareness regarding the availability of innovative treatment products in the market also acts as a market driver
- High cost of personalized orthopedics acts as a major restricting factor for this market growth
- Shortage of skilled professionals is expected to restrain the market growth
- Non-favorable reimbursement coverage policies to support personalized orthopedics is expected to hinder the market growth
- Adverse effects of post-surgery infections, hypersensitivity may impede the growth of this market
Segmentation: Global Personalized Orthopedics Market
- Hip Orthopedic
- Knee Orthopedic
- Spine Orthopedic
- Cranio-maxillofacial Orthopedic
- Dental orthopedic
- Shoulder Orthopedic
By End User
- Ambulatory Centers
- Home Care Settings
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
Key Developments in the Market:
- In January 2019, Hospital for Special Surgery (HSS) announced that they had established an additive manufacturing facility in Europe in partnership with LimaCorporate which will deal in providing customized 3D printed implants for orthopedics. This establishment of a facility is evident of the strategy of HSS to develop advanced solutions helping in the treatment of musculoskeletal disorders
- In March 2018, Materialise NV announced the launch of a surgical platform "TRUMATCH" developed in partnership with DePuy Synthes for application in shoulder-based surgical procedures. The platform will provide surgeons and physicians with planning and printed guides which is aimed at enhancing the quality of surgeries. DePuy Synthes will be responsible for the distribution of this particular solution throughout United States, Australia, Europe, New Zealand and Canada
Global personalized orthopedics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of personalized orthopedics market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in global personalized orthopedics market are Stryker, Zimmer Biomet, DePuy Synthes, Medtronic, Wright Medical Group N.V., Japan MDM, Inc., KYOCERA Corporation, SEIKAGAKU CORPORATION, NuVasive, Inc., Scheck & Siress, Exactech, Inc. among others
Research Methodology: Global Personalized orthopedics Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
Reasons to Purchase this Report
- Current and future of global personalized orthopedics market outlook in the developed and emerging markets.
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
- All segmentation provided above in this report is represented at country level
- All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)