Orthopedic Implants Market Size, Growth and Share Analysis By Biomaterial (Metallic, Polymer, Ceramic), Product Type (Spinal Implants, Reconstructive Joint Implants, Orthobiologics), End-User (Hospitals, Orthopedic Centers and others) and Region (Americas, Europe, Asia-Pacific and Middle East & Africa) – Global Forecast till 2025
Orthopedic Implants Market Overview
Market Research Future (MRFR) assessed the global orthopedic implants market size is expected to grow at 4.71% CAGR By 2025. The growing prevalence of orthopedic conditions as increase in patients suffering from fractures, arthritis, and osteoporosis, creating the demand for orthopedic implants can support expansion of the market. The rise in demand for osseointegration implants in veterinary hospitals clinics can support rise of the market in the assessment period.
The orthopedic implants market is estimated to be steered by the increased capitalization in the market by stakeholders in the upcoming period. The mounting emphasis on robotic orthopedic implantation surgeries is estimated to empower the orthopedic implants market in the forecast period.
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Technological advancements resulting in sophisticated implants processed from biomaterials can favor the market. Obesity, adventure sports, and sedentary lifestyle that are likely to induce the disease is are generating orthopedic implants market opportunity, especially for revision implants. Furthermore, governments funding research and developments for the same can gain momentum for the market. At the same time, developing countries are also observed to open growth scopes for orthopedic implants market to surge. However, stringent regulations on the utility of regular orthopedic implants and cost-issues with these implants can impede the market surge. The availability of suitable reimbursement policies to cover bone care expenses can counter the market slow-down.
Orthopedic Implants Market Segmentation
The segment assessment for the worldwide orthopedic implants market is done by biomaterial, product type, procedure, device type, end-user, and application.
- The procedure-based segments of the orthopedic implants market are minimally invasive surgery (MIS), and open surgery among others.
- The device type-based segments of the orthopedic implants market are external fixation devices and internal fixation devices. The external fixation devices segment comprises orthopedic screws, orthopedic rods/wires, fixation pins, orthopedic plates, and orthopedic nails. The external fixation segment can earn high profit for the orthopedic implants market.
- The product type-based segments of the orthopedic implants market are trauma and craniomaxillofacial implants, spinal implants, reconstructive joint implants, dental implants, and Orthobiologics among others
- The biomaterial-based segments of the orthopedic implants market are ceramic biomaterials, metallic biomaterials, polymer biomaterials, and natural biomaterials.
- The application-based segments of the orthopedic implants market are spine fracture, neck fracture, shoulder replacement, and hip replacement among others.
- The end-user-based segments of the orthopedic implants market are home cares, hospitals, and orthopedic clinics among others.
Orthopedic Implants Market Regional Analysis
The regional insight into the orthopedic implants market includes regions such as the Asia Pacific, the Middle East, the Americas, Europe, and Africa. The regional market in the Americas region is projected to control the orthopedic implants market due to high financing in orthopedic implants in nations such as the U.S. and Canada, together with the growing undertakings by key players. The European regional market is projected to hold the second principal position in the orthopedic implants market.
The meticulous activities such as mergers and joint undertakings by many traditional market companies in the European countries is fueling the orthopedic implants market growth in this region. The Asia Pacific region is anticipated to be the fastest-growing regional market owing to the growing initiatives by the public and private organizations. Also, increasing acknowledgment of uses of orthopedic implants by patients is backing to the growth of the orthopedic implants market in this region. The orthopedic implants market in the Middle East & Africa holds the minimum share of the market owing to the initiatives by public bodies. Furthermore, many businesses are concentrating on these nations so as to expand their target audience.
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Orthopedic Implants Market Players
- Globus Medical, Inc. (U.S.)
- Depuy Synthes Inc. (Johnson & Johnson) (U.S.)
- Smith & Nephew plc. (UK)
- NuVasive, Inc. (U.S.)
- Stryker Corporation (U.S.)
- Integra LifeSciences Holdings Corporation (U.S.)
- Zimmer Biomet Holdings, Inc. (U.S.)
- Medtronic, plc (Ireland)
- Wright Medical Group N.V. (Netherlands)
- The Orthopedic Implant Company (U.S.)
- Aesculap Implant Systems (U.S.)
- Conmed Corporation (U.S.)
- BioTek Instruments, Inc. (U.S.)
- Arthrocare Corporation (U.S.)
among others are some key companies in the global orthopedic implants that are listed by MRFR for market research.
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