Orthopedic Implants Market Technology Advancement in Hearing Devices, Demand Overview, Key Players
Orthopedic Implants Market is experiencing a surge in sale across the globe, and it has been considerably boosted by technological advancement.
Orthopedic
Implants Market Overview:
An orthopedic implant is placed within the
body’s skeleton and muscle systems to correct existing problems or provide
stability. Technological advancements and products development are the best
strategies that yield the greatest market benefit. Changing technology,
increasing the prevalence of osteoporosis, increasing funding for R&D, and
market growth in emerging economies are major driving forces for the global
orthopedic devices market.
The global orthopedic implants market can expect a 6.8% CAGR during the forecast
period (2017-2023), reveals Market Research Future (MRFR) in a detailed study.
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The study includes orthopedic implants
market drivers such as increasing prevalence of orthopedic conditions such as
fractures, osteoporosis, arthritis and technological advancement which has led
to the use of more sophisticated implants.
Some major players
in the global orthopedic implants market include,
·
Depuy
Synthes Inc. -Johnson & Johnson
·
Globus
Medical Inc.
·
NuVasive
Inc.
·
Smith
& Nephew plc.
·
Stryker
Corporation
·
Zimmer
Biomet Holdings Inc.
·
Integra
LifeSciences Holdings Corporation
·
Medtronic
plc
·
The
Orthopedic Implant Company
·
Wright
Medical Group N.V.
·
Aesculap
Implant Systems
·
BioTek
Instruments Inc.
·
Conmed
Corporation
·
Arthrocare
Corporation
·
and
others.
Orthopedic
Implants Market Segmentation:
The global orthopedic implants market can
be segmented by product type, procedure,
biomaterial, device type, application, and end-user.
·
Based
on product type, the orthopedic implants market can be segmented into spinal implants, dental
implants, trauma and craniomaxillofacial implants, reconstructive joint
implants, orthobiologics, and others.
·
Procedure-wise,
the orthopedic implants market includes open surgery, minimally invasive
surgery (MIS), and others.
·
Biomaterial-based
segmentation of the orthopedic implants market includes metallic biomaterials,
polymer biomaterials, ceramic biomaterials, and natural biomaterials.
·
Based
on the device type,
the orthopedic implants market includes 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.
·
Application-wise,
the orthopedic implants market comprises neck fracture, spine fracture, hip
replacement, shoulder replacement, and others.
·
Based
on end-user, the orthopedic implants market consists hospitals, orthopedic clinics, home
cares, and others.
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However, stringent regulations can put a
brake on the regular orthopedic implants
market growth. In addition, these
implants are costly which can have an impeding effect on the market and
reimbursement policies are often not enough to cover the expense which is one
of the prime irritants for the orthopedic implants market growth.
Orthopedic
Implants Market Regional Analysis:
Geographic analysis of the orthopedic
implants market spans across mainly the Americas, Europe, Asia Pacific (APAC),
and the Middle East and Africa (MEA).
The Americas is currently spearheading
the market and is expected to do so in the coming
years. The factors that are providing a tailwind
for the regional market are superior infrastructure, increasing patient pool
with bone-related problems and rising geriatric population. Minimally invasive
surgeries are also picking up the pace due to which the market can witness
further growth in a new direction.
Similar reasons have worked well for
Europe and the European orthopedic implants market gaining much prominence. The
regional market is currently holding the second spot. Meanwhile, the APAC
region is expected to register the fastest CAGR owing to the burgeoning medical
tourism industry. China, and India, along with Australia, are expected to
contribute substantially, and the
regional market can bank on their enormous contribution.
Brows
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TABLE OF CONTENTS:
Chapter 1. Report Prologue
Chapter 2. Market Introduction
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
Chapter 5. Market Factor Analysis
5.1 Porter’s Five Forces Analysis
5.1.1 Bargaining Power Of Suppliers
5.1.2 Bargaining Power Of Buyers
…continued
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