Orthopedic Implants Market Share, Growth 2021 Global Industry Size, Future Trends, Growth Key Factors, Demand, Sales and Income, Manufacture Players, Application, Scope, and Opportunities Analysis by Outlook 2027
Orthopedic Implants Market Research Report: By Product Type (Spinal Implants, Reconstructive Joint Implants, Orthobiologics and others), Biomaterial (Metallic, Polymer, Ceramic), End-User (Hospitals, Orthopedic Centers and others) and Region (Americas, Europe, Asia-Pacific and Middle East & Africa) - Global Forecast till 2027
Orthopedic Implants Market Highlights
Orthopedic implants are medical devices which can act as a substitute or a replacement for a biological part. These are manufactured using stainless steel, alloys, or other polymers with applications in injuries, fractures, and others. TheGlobal Orthopedic Implants Market report by Market Research Future (MRFR) consists of the latest insights derived from historical trends and current developments in the medical industry.
The global orthopedic implants market size can soar in valuation at a CAGR of 4.71% from 2019 to 2025 (forecast period). It was valued at USD 6,374.86 million in 2018. Rise in the number of accidents or injuries is one of the biggest drivers of the market. The increasing investments in research and development, focus on orthopedic implantation surgeries, and rising volume of robotic surgeries are other drivers of the market.
The large patient base and the geriatric populace which are susceptible to bone diseases are expected to be lucrative for the market. 3D printing has been revolutionary in the market with new implants being manufactured according to customized specifications. Rehabilitation of veterans and the development of nano implants for pushing the growth of tissue engineering can disrupt the market effectively. This is supported by the shift to minimally invasive surgeries from conventional open surgeries.
Allergies to metal implants may hamper the growth of the market but provide plenty of opportunities for manufacturers to experiment with different polymers.
Request Free Sample Copy at:
The global orthopedic implants market is segmented on the basis of product type, procedure, biomaterial, device type, application, and end-user.
On the basis of product type, the global orthopedic implants market can be segmented into spinal implants, dental implants, trauma and craniomaxillofacial implants, reconstructive joint implants, orthobiologics, and others.
On the basis of procedure, the global orthopedic implants market is classified as open surgery, Minimally Invasive Surgery (MIS), and others.
On the basis of biomaterial, the global orthopedic implants market is classified into metallic biomaterials, polymer biomaterials, ceramic biomaterials, and natural biomaterials.
On the basis of device type, the global orthopedic implants market can be segmented into 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.
On the basis of application, the global orthopedic implants market is classified into neck fracture, spine fracture, hip replacement, shoulder replacement, and others.
On the basis of end-user, the global orthopedic implants market is classified into hospitals, orthopedic clinics, home cares, and others.
The Americas, Europe, Asia Pacific, and the Middle East & Africa (MEA) are regions discussed in detail with respect to the global orthopedic implant market report.
The Americas are touted to be the dominant region of the market till 2025 due to heavy investments in implants in the U.S. and Canada. Approvals of implants by federal regulatory bodies to bolster the number of minimally invasive surgeries as well as development of new implants by manufacturers can bode well for the region.
Europe has assumed the second position in the market and characterized by mergers and joint ventures. This is exemplified by the agreement signed between Smith+Nephew with Leaf Healthcare in 2017 for the pressure injury solution, Leaf Patient Monitoring System.
The APAC region is predicted to exhibit a robust growth rate during the forecast period due to initiatives by private organizations as well as acceptance rate of implants among patients. In addition, the lowered prices of stents and scaffolds by local governments for making it affordable for the local populace may work in favor of the global orthopedic implants market.
Stryker Corporation, Globus Medical, Inc., Depuy Synthes Inc. (Johnson & Johnson), Arthrocare Corporation, Medtronic, plc, Smith & Nephew plc., The Orthopedic Implant Company, Integra LifeSciences Holdings Corporation, Aesculap Implant Systems, NuVasive, Inc., Wright Medical Group N.V., Zimmer Biomet Holdings, Inc., Conmed Corporation, and BioTek Instruments, Inc., are prime manufacturers of orthopedic implants.
Large number of accidents and trauma cases have prompted scientists in developing a liquid capable of tackling infections at the site of injury. Recently, researchers at Georgia Institute of Technology have developed a hydrogel containing protein BMP-2 and the enzyme, lysostaphin. It had showed reduction in infection against the Staphylococcus aureus during testing.
Browse Detailed TOC with COVID-19 Impact Analysis at:
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), & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.
Market Research Future
+1 646 845 9312