50 likes | 129 Views
Global Orthopedic Implants Market size is estimated to be USD 50.12 billion in 2019 and is predicted to reach USD 81.34 billion by 2030 with a CAGR of 4.5% from 2020-2030.
E N D
Orthopedic Implant Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2020-2030 Constant development in technology along with the rapid growth in orthopedic disorders and joint replacement surgeries are key drivers for Global Orthopedic Implant Market. Orthopedic Implant Market is valued around USD 50.12 Billion in 2019 and expected to reach USD 81.34 Billion by 2030 with the CAGR of 4.5% over the forecast period. Orthopedic implants are the medical devices surgically placed in the body for the correction of damaged structure. These devices are made up of biocompatible material to avoid rusting, allergies and other complications from the implant. In some case the entire damaged structure is replaced by the implants. These implants can also be removed after the restoration of normal functioning or desired results. In joint replacement surgeries, the damaged portion of joint is partially or completely removed for better and effective results. Global Orthopedic Implant Market report is segmented on the basis of products, services & software, technology, end user and by regional. Based upon product, the orthopedic implant market is fragmented into joint reconstruction, trauma implants, spinal implants, orthobiologics, and dental implants. Based on biomaterial, the market is fragmented into metallic biomaterials, polymeric biomaterials, ceramic biomaterials, and others. On the basis of end user, the market is divided into hospitals, ambulatory surgical centers, orthopedic clinics and others. The regional bifurcation of countries includes North America, Europe, Asia-Pacific, and RoW which are further segmented into major countries such as U.S., UK, France, and others. The orthopedic implants market is mainly driven by the constant growth in the prevalence of orthopedic disorders along with the surge in joint replacement surgeries owing to the huge geriatric population. In addition to technological advancements together with the development of well-established healthcare facilities over the forecast period is likely to proliferate the market growth. There has been amplification in the trauma cases with wide acceptance of implants are expected to enhance the market growth. However, high cost of the orthopedic implants along with stringent regulatory policies may restrain the market growth. On the other hand, rising demand of minimally invasive procedures over the period of time associated with various advantages over conventional surgical procedures. Also, the rising demand of 3D printed orthopedic implants may create new avenues in the market. Download sample copy of this report at https://www.nextmsc.com/Orthopedic- Implants-Market/request-sample The developed regions such as North America and Europe are expected to hold the major market share owing to the presence of well-established healthcare facilities & infrastructure in the region. Moreover, presence of major market players with advanced technology followed by aggressive research & development activities. Moreover, Asia Pacific
is expected to dominate the orthopedic implant market in terms of growth rate owing to the developing healthcare facilities as well as surge in the adoption of advanced surgical procedures. In addition, the high prevalence rate of orthopedic disorders and wide acceptance of implants followed improved quality of life are expected to promote the market growth. The major market players profiled in the orthopedic implant market includes Johnson & Johnson (DePuy Synthes), Stryker Corporation, Smith and Nephew Plc., Medtronic Plc, DJO Finance LLC, Zimmer Biomet Holdings, Inc., Wright Medical Group N.V., Arthrex, Inc., CONMED Corporation., and Globus Medical Inc among others. About Us: Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics. We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solutions that ranges from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses. Contact US: Joseph Lawrence (Head - Client Engagement & Servicing) Joseph@nextmsc.com