Orthopedic Implants Market is anticipated to reach US$ 8.47 Bn. by 2029 from US$ 5.52 Bn. in 2022 at a CAGR of 6.3 % during a forecast period.
Orthopedic Implants Market Overview:
The primary goal of this research is to assist the user in understanding the Orthopedic Implants market in terms of definition, segmentation, market potential, significant trends, and the problems that the Orthopedic Implants industry faces in key regions and nations. The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.
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Market Scope:
The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.
Market Dynamic:
The expanding older population and diabetes incidence are driving up global demand for insulin. Rising rates of type 1 diabetes are the primary market drivers, notably in emerging nations in Asia Pacific and North America. Diabetes prevalence has risen as a result of an increase in sedentary lifestyles in the United States and numerous Asia Pacific countries. As diabetes awareness has expanded, so has the number of type 1 diabetes diagnoses. According to a 2016 survey by Health Action International, about 100 million people require insulin, with 10 to 20% of those having type 2 diabetes.
Segmentation:
An increase in the prevalence of orthopaedic injuries or diseases such as arthritis and osteoarthritis, as well as a rapid increase in the senior population, who are more prone to orthopaedic disorders, are some of the factors driving the market's expansion. Furthermore, technological improvements such as robot-assisted surgical instruments, implanted medical device adoption, and widespread usage of orthopaedic implants to treat musculoskeletal and orthopaedic disorders and injuries contribute to market growth.
Global Orthopedic Implants Market, By Product (2022-2029)
• Spinal implants
• Dental implants
• Trauma & craniomaxillofacial implants
• Reconstructive joint implants
• Orthobiologics
• Others
Global Orthopedic Implants Market, By Procedure (2022-2029)
• Open Surgery
• Minimally Invasive Surgery (MIS)
• Others Plant
Global Orthopedic Implants Market, By Biomaterial (2022-2029)
• Metallic Biomaterials
• Polymer Biomaterials
• Ceramic Biomaterials
• Natural Biomaterials
Global Orthopedic Implants Market, By Device Type (2022-2029)
• Internal Fixation Devices
• External Fixation Devices
• Orthopedic Rods/Wire
• Orthopedic Screws
• Orthopedic Plates
• Fixation Pins
• Orthopedic Nails
Global Orthopedic Implants Market, By Application (2022-2029)
• Neck Fracture
• Spine Fracture
• Hip Replacement
• Knee Fracture
• Shoulder Replacement
• Others
Global Orthopedic Implants Market, By End-User (2022-2029)
• Hospital
• Orthopedic Clinics
• Home Cares
• Others
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Key Players: The study discusses the key market players who are engaged in the industry, such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors, and so on. The key players in the Orthopedic Implants market are
1. Deputy Synthes Inc.
2. Globus Medical, Inc.
3. NuVasive, Inc.
4. Smith & Nephew plc.
5. Stryker Corporation
6. Zimmer Biomet Holdings, Inc.
7. Integra LifeSciences Holdings Corporation
8. Medtronic, plc.
9. The Orthopedic Implant Company
10. B. Braun Melsungen
11. Wright Medical Group N.V.
12. Aesculap Implant Systems
13. BioTek Instruments, Inc.
14. Conmed Corporation
15. Arthrocare Corporation
16. DJO Finance LLC
17. NuVasive, Inc.
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Regional Analysis:
The report focuses on Global Regions and Market Size of Orthopedic Implants , and development forecast 2021-2027, including industries, major players, suppliers worldwide, and market share by regions, with company and product introduction, position in the market including their market status and development trend by types and applications, which will provide its price and profit status, and marketing status, with 2020 as the base year.
COVID-19 Impact Analysis on Orthopedic Implants Market:
The report discusses the impact of COVID-19: Since the breakout of the COVID-19 virus in December 2019, the disease has spread to practically every country on the planet, prompting the WHO to declare it a public health crisis. The worldwide effects of the coronavirus epidemic are already being noticed, and they will have a considerable influence on the Orthopedic Implants industry in 2021.
See also Immunocytokines Market: Revolutionizing Industries with Disruptive Growth Strategies
Key Questions answered in the Orthopedic Implants Market Report are:
- What is the function of Orthopedic Implants ?
- What is the predicted revenue generation of the Orthopedic Implants market?
- At what growth rate is the Orthopedic Implants market evolving?
- Who are the major market giants operating in the Orthopedic Implants market?
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