Orthopedic Implant Market Takes Centre Stage with Prestigious Players like Biotek, Maxx Medical, Image ortho surgical Pvt.Ltd, Histogenics, Medtronic and Other

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 growing prevalence of orthopedic conditions, such as fractures, degenerative bone disease osteoporosis, rising number of road accidents, and arthritis are some of the major factors driving the market for orthopedic devices. The World Health Organization (WHO) predicts the prevalence of rheumatoid arthritis to be between 0.3% and 1% and more common in women and developed countries. Rising cases of obesity, sedentary lifestyle, long working hours, and rising sports culture result in the early onset of musculoskeletal disorders which boosts the market.

Get Sample Report @ https://www.marketresearchfuture.com/sample_request/838

For instance, in June 2015, Zimmer Holdings, Inc. acquired Biomet, Inc. The synergistic forces of both united as a single entity, ZimmerBiomet Holdings, Inc., which is now armed with a combined product portfolio and has resulted in its strengthened position in the musculoskeletal market. Similarly, Smith & Nephew plc acquired Blue Belt Technologies, Inc., in October 2015, with the aim of strengthening its products offering in the fast-growing and orthopedic robotics-assisted surgery space.

Factors such as a rise in the prevalence of orthopedic injuries or diseases and the rapid growth in aged population globally are driving the growth of the global orthopedic implants market. Moreover, technological innovations, such as acceptance for implantable medical devices, robot-assisted surgical tools, and extensive applications of orthopedic implants to treat orthopedic diseases and musculoskeletal diseases further enhance the market growth. However, high cost associated with procedures involving orthopedic implants for treatment and stringent government policies hamper the market growth.

The Global Market for Orthopedic Implants is expected to register a CAGR of approximately 6.8% during the forecast period, 2017 to 2023.

Global Orthopedic Implant Market - Key Players

The key players that are involved in Global Orthopedic Implant market are Auxein, Orthoimplantcompany OIC, Biotek, Maxx Medical, Image ortho surgical Pvt.Ltd, Histogenics, Medtronic, etc

Global Orthopedic Implant Market - Intended Audience

Orthopedic implants manufacturers
Orthopedic implants suppliers
Contract Research Organizations (CROs)
Research and Development (R&D) Companies
Government research laboratories
Government and independent regulatory authorities
Market research and consulting service providers

Global Orthopedic Implant Market - Segments

Segmentation by End Users

Segmentation for Orthopedic Implant market involves the following end Users such Hospitals, Clinics, Home cares, and others.

Segmentation by Types

Segmentation for Orthopedic Implant market involves the following types such as Pins, Rods, Screws and Plates.

Segmentation by Applications

Segmentation for Orthopedic Implant market involves the following applications such as Neck Fracture, Spine Fracture, Hip replacement, Shoulder replacement and others.

Get Discount on Report @ https://www.marketresearchfuture.com/check-discount/838 .

Global Orthopedic Implant Market – Regional Analysis

The Global Orthopedic Implants Market consists of four regions, namely, America, Europe, Asia-Pacific, and the Middle East and Africa.

The Americas dominated the global orthopedic implants market over the forecast period. The dominance is majorly attributed to the growing geriatric population count thereby increasing the number of patients suffering from osteoarthritis and osteoporosis. The North American region dominated the orthopedic implants market with a revenue share of 53.4% in 2015. It was observed that Total Joint Arthroplasty (TJA) acknowledged a great deal of attention in the US due to the increasing demand and rising cost. Furthermore, the gradual transition towards minimally invasive procedures is projected to thrust the market growth in the American region.

The European region is the second largest market owing to the increase in the geriatric population and the increasing demand for orthopedic implants and devices for the treatment of spinal disorders. This rise in the number patients suffering from bone-related issues is likely to create a promising market opportunity for the sale of orthopedic implants in the orthopedic implants market in the European region.

Asia-Pacific is the emerging market in the global orthopedic implants market owing to the growing patient awareness levels related to the commercial availability of orthopedic implants, booming medical tourism, and the constantly improving healthcare infrastructure. China, India, and Brazil are anticipated to register the fastest growth during the forecast period. As per a study conducted by Osteoporosis Australia, out of approximately 4.74 million Australians over 50% have osteoporosis or poor bone health. Besides, as per the 2013 data, at least one fracture occurs every 3.6 minutes in Australia which is projected to go up to one fracture every 2.9 minutes by 2022. As a result, Asia-Pacific is anticipated to show significant growth from 2016 to 2024.

Major Table of Content

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope of the Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

Continued….

To Know More Enquire @ https://www.marketresearchfuture.com/enquiry/838

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune – 411028
Maharashtra, India
+1 646 845 9312
Email: salesteam@marketresearchfuture.com

This release was published on openPR.