Orthopedic Implants Market 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 Industry Growth Analysis and Forecast till 2025.
The global orthopedic implants market share projected to register a 4.71% CAGR during the forecast period (2017-2025), which was recorded global Worth of USD 6,374.86 Million in 2018 By Market Research Future (MRFR).
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Orthopedic Implants Market Top Key Players:
Some of the key participants of the worldwide orthopedic implants market are Globus Medical, Inc. (US), Medtronic, plc (Ireland), Wright Medical Group N.V. (Netherlands), Zimmer Biomet Holdings, Inc. (US), Depuy Synthes Inc. (Johnson & Johnson) (US), Stryker Corporation (US), NuVasive, Inc. (US), The Orthopedic Implant Company (US), Aesculap Implant Systems (US), Smith & Nephew plc. (UK), Arthrocare Corporation (US), BioTek Instruments, Inc. (US), Conmed Corporation (US), Integra LifeSciences Holdings Corporation (US), and others.
The orthopedic implant market has witnessed a tectonic surge over the past few years, mainly due to the rising number of replacement surgeries like hip, knee, shoulder, and other joint or bone. The increased incidences of orthopedic diseases and injuries and rapid growth in the aging population are some of the growth stimulants of the orthopedic implants market. Advancing technological innovations like robot-assisted surgical tools, extensive application of orthopedic implants in the treatment of orthopedic diseases, musculoskeletal, and injuries, coupled with the increased acceptance of implantable medical devices are likely to encourage the market growth.
- Medical Device Companies
- Pharmaceutical Companies
- Hospitals and Clinics
- Diagnostic Centers
- Academic Institutes
- Government Organizations
Global Orthopedic Implants Industry Segmentation
The worldwide market for orthopedic implants market been segmented into product type, procedure, biomaterial, device type, application, and end-user.
Product Type: spinal implants, dental implants, trauma and craniomaxillofacial implants, reconstructive joint implants, orthobiologics, and others.
Procedures: open surgery, Minimally Invasive Surgery (MIS), and others.
Biomaterial-wise: metallic biomaterials, polymer biomaterials, ceramic biomaterials, and natural biomaterials.
Device Type: internal fixation devices and external fixation devices.
Applications: neck fracture, spine fracture, hip replacement, shoulder replacement, and others.
End-Users: hospitals, orthopedic clinics, home cares, and others.
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Global Orthopedic Implants Market Analysis by Global Regions
- Americas – The regional dominance can be established based on the burgeoning geriatric population that elevates the number of patients afflicted with osteoporosis and osteoarthritis. North America, with a share of 53.4%, dominated the orthopedic implants market in 2015.
- North America
- Latin America
- North America
- Europe – Europe benefits from the mounting geriatric population and the surge in demand for orthopedic implants and devices to treat spinal disorders.
- Western Europe
- Rest of Western Europe
- Eastern Europe
- Western Europe
- Asia-Pacific- The increasing patient awareness pertaining to the commercial availability of orthopedic implants has been identified as a chief driver of the said growth. India and China are believed to be the fastest growing countries in the region. Based on the studies by Osteoporosis Australia, out of roughly 4.74 million Australians, more than 50% have poor bone health or osteoporosis. Further, the 2013 data reveals that minimum one fracture happens every 3.6 minutes in the country, which can increase to one fracture every 2.9 minutes by the year 2022.
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa- For instance, in July 2016, NuVasive, Inc. entered into a definitive agreement to acquire Mega Surgical, the exclusive distributor of NuVasive products in Brazil.
- Middle East
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Table Of Contents
- REPORT PROLOGUE
- MARKET INTRODUCTION
2.2. Scope Of The Study
2.2.1. Research Objective
- RESEARCH METHODOLOGY
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
- MARKET DYNAMICS
- MARKET FACTOR ANALYSIS
5.1. Porter’s Five Forces Analysis
5.1.1. Bargaining Power Of Suppliers