Top 10 Bone Implant Market Players, Size, Revenue and Innovative Products - Global Opportunity Analysis And Industry Forecast (2018-2023)

Market Highlights

Bone implant products are used in numerous orthopedic surgeries to support the bone and to restore the functionality of the bone. The increasing geriatric population, growing number of orthopedic surgical procedures, rising prevalence of sports-related injuries, and bone weakness due to the changing lifestyle are the major factors driving the growth of the global bone implant market. Additionally, aggressive strategies adopted by top players and increasing spending on healthcare R&D are contributing to the growth of the market. Moreover, in 2016, The European Union (EU 28) spent 7.1% of its total GDP on healthcare, and the amount was around USD 1000 billion.

High costs associated with orthopedic surgeries, high costs of orthopedic products, and stringent government policies are likely to hamper the market growth during the forecast period.

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Bone Implant Market : Key Players

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.

Bone Implant Market : Regional Analysis

The Americas is likely to dominate the global bone implant market. The rising occurrence of osteoarthritis and osteoporosis in the aging population, increase in the number of surgical procedures, the presence of a well-established healthcare system, growing prevalence of sports injuries, and adoption of highly advanced technology are contributing to the growth of the market. According to the Annual Report of the American Joint Replacement Registry (AJRR), 860,080 hip and knee replacement procedures from 4,755 surgeons at 654 institutions were conducted in 2017.

The European market is expected to be the second-largest bone implant market. The market growth in this region can be attributed to the rising prevalence of orthopedic diseases. Moreover, the increasing demand for orthopedic implants and spinal treatment devices during the forecast period are contributing to the growth of the market in this region. Major players are adapting inorganic growth policies to expand their portfolio. For instance, Stryker Corporation, a major player in the orthopedic market acquired Vexim for USD 215 million in 2017. Vexim offers spine related products, which helped Stryker Corporation to capture the new segment.

Asia-Pacific is expected to be the fastest-growing bone implant market during the forecast period owing to the increasing prevalence of medical tourism, orthopedic diseases along with bone-related issues, and rising investments in healthcare and expansions by market players in the region. Asia-Pacific is anticipated to show significant growth from 2018 to 2023

The market in the Middle East and Africa is expected to account for the smallest share of the global bone implant market due to an underdeveloped healthcare sector, lack of technical knowledge, and poor medical facilities.

Bone Implant Market : Segmentation

The global bone implant market has been segmented on the basis of biomaterial, product, application, device, and end-user.On the basis of biomaterial, the market has been classified as metal biomaterial, ceramic biomaterial, and polymer biomaterial. The metal biomaterial sub-segment has been further divided into titanium, titanium alloys, stainless steel, cobalt chromium alloys, gold alloys, and tantalum. The ceramic biomaterial sub-segment has been further divided into alumina, hydroxyapatite, beta-tricalcium phosphate, carbon, bioglass, zirconia, and zirconia-toughened alumina. The polymer biomaterial sub-segment has been classified as polymethylmethacrylate, polytetrafluoroethylene, polyethylene, polysulfone, polyurethane, and polyether ether ketone.

The market, by product, has been segmented into orthopedic screws, orthopedic plates, interlocking nails (rods), and others. The market, by application, has been divided into hip orthopedic implants, knee orthopedic implants, spine orthopedic implants, dental orthopedic implants, and others. The market, by device, has been segmented into external fixators and internal fixators. On basis of end-users, the market has been segmented into orthopedic clinics, hospitals, home cares, and others.

Table Of Contents:

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
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment

LIST OF TABLES

Table 1 Global Bone Implant Market Synopsis, 2018–2023
Table 2 Global Bone Implant Market Estimates And Forecast, 2018–2023 (USD Million)
Table 3 Global Bone Implant Market, By Region, 2018–2023 (USD Million)
Table 4 Global Bone Implant Market, By Biomaterial, 2018–2023 (USD Million)
Table 5 Global Bone Implant Market, By Product, 2018–2023 (USD Million)

LIST OF FIGURES

Figure 1 Research Process
Figure 2 Segmentation For Global Bone Implant Market
Figure 3 Segmentation Market Dynamics For Global Bone Implant Market
Figure 4 Global Bone Implant Market Share, By Biomaterial 2017
Figure 5 Global Bone Implant Market Share, By Product, 2017

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