To Key Players in Global Orthopedic Implants Market are Medtronic plc, Zimmer Biomet Holdings, Inc., Aesculap Implants Systems, DePuy Synthes, BioTek Instruments Inc., Conmed Corporation

According to the new market research " Orthopedic Implants Market, [By Application Type (Spinal Orthopedic Implants, Hip Orthopedic Implants, Knee Orthopedic Implants, Craniomaxxillofacial Orthopedic Implants, Dental Orthopedic Implants, and S.E.T (Sports Medicine, Extremities, Trauma) Orthopedic Implants), and by Regions]: Market Size & Forecast, 2018 – 2025".

The global orthopedic implants market is anticipated to reach USD 6,558.3 Million by 2025 from USD 4,518.81 Million in 2017, at a CAGR of 4.84%.

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Key vendors analysis covered in this report:

The major players in the orthopedic implants market include are Medtronic plc, Zimmer Biomet Holdings, Inc., Aesculap Implants Systems, DePuy Synthes, BioTek Instruments Inc., Conmed Corporation, The Orthopedic Implant Company, Smith & Nephew plc, Stryker Corporation, Wright Medical Group N.V., NuVasive Inc., and Arthrocare Crporation.

Orthopedic implants are used are majorly used in minimal surgeries that are used for treating various spinal surgeries and lumbar spinal stenosis (LSS). These are basically composed of iron, cobalt, chromium, titanium, and alloys which are coated with plastics that acts as cartilages. An Orthopedic implant is a medical device that is manufactured with the ability to replace the missing joint or bones.

These implants deliver medications, provide support to the damaged bone & tissues, and regulates the body functioning. The implants can be used permanently and even can be replaced once they are no longer needed. However, the risk associated with the use of these medical implants is during replacement, or removal of these implants.

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The orthopedic implants market is primarily driven by the increasing number of geriatric populations globally, and increased life expectancy that has increased the risk of osteoporosis and osteoarthritis. Additionally, increased government expenditure on medical device industry, and development of favorable government regulations for the use of these orthopedic implants to influence the market growth during this period. Moreover, the changing lifestyle, rising number of sports injuries, and trauma cases is also an important factor that is positively affecting the market.

On the other hand, the increasing number of minimal invasive surgery for treating various spinal injuries and spinal disorders. However, high treatment cost of orthopedic implants, and stringent regulatory for the use of various orthopedic implants to hinder the growth of orthopedic implants market during the forecast period.

Geographically, the global orthopedic implant market is segmented into five major regions, North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In terms of geography, North America dominates the entire orthopedic implant market. The growth in the market is majorly driven by the increasing healthcare expenditure by the local governments, and developed health care infrastructure in the U.S. and Canada.

The Asia Pacific is anticipated to make dominating growth in the forecast period owing to increasing awareness for the use of various orthopedic implants, unmet market needs, and developing healthcare infrastructure would also support the market growth in Asia Pacific during the foreseeable future. Additionally, increased awareness for joint replacements, and increasing accessibility of treatment in this region would also spur the orthopedic implants market during the forecast period.

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Competitive Landscape and Key Vendors

The global orthopedic implants market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.

Key Segmentation

By Application Type

• Spinal Orthopedic Implants
• Hip Orthopedic Implants
• Knee Orthopedic Implants
• Craniomaxxillofacial Orthopedic Implants
• Dental Orthopedic Implants
• S.E.T (Sports Medicine, Extremities, Trauma) Orthopedic Implants

By Geography

• North America

o U.S.
o Canada
• Europe

o UK
o Germany
o France
o Italy
o Spain

• Asia-Pacific

o China
o Japan
o India
o Australia

• Latin America

o Brazil
o Mexico
o Rest of Latin America

• Middle East & Africa

o South Africa
o Rest of Middle East & Africa

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