Orthopedic Implants Market: Technological Augmentation Drives Growth in the Coming Years

With major cause of amputation being associated with diseases apropos of ageing such as rheumatoid arthritis, osteoarthritis, bursitis, and tendinitis, orthopedic implant manufacturers continue to seek a plethora of opportunities in tandem with the rise in geriatric population worldwide. Acquisition of the privately developed models as well as niche players is one of the key strategies adopted by the prominent orthopedic implants manufacturers for expanding their occupancy in the orthopedic implants market.
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Orthopedic Implants Market: 3D Printing, Smart Sensors, Robotics – Technological Developments aid Growing Demand
While an ageing demographic and medical innovation continue to be key growth determinants for the orthopedic implants market, lack of exercise and obesity also contribute to high rate of degenerative bone diseases, and osteoarthritis. This has driven demand for orthopedic implants across the globe. Demand for trauma-related orthopedic implants has also been observed to be robust, with increases cases of sporting accidents and road collisions.
Recognizing the rising demand, manufacturers of orthopedic implants have developed new technologies to cater the requirement, meanwhile enhancing their product penetration and market reach. Customized orthopedic implants produced by using 3D printing technology are potent in reducing the surgery cost and duration, and offer a relatively long-term stability. 3D printing technology is being leveraged by top companies in the orthopedic implants market to improve integration between metal and bone, in case of implants with the size-controlled micro-pore structures, as well as for surgical tools and anatomical models.

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Orthopedic Implants Market: Growth Driven by Higher Patient Acceptance for Implants Integrated with Imaging Techniques
Dramatic paradigm shift from the conventional invasive surgical procedures toward minimally invasive procedures adopted in the treatment of various orthopedic diseases or disabilities has been positive impacting growth of the orthopedic implants market recently. Additionally, the orthopedic implants market has been witnessing the generation of personalized and innovative 3D-printed orthopedic implants integrated with assistive imaging techniques, including (but not limited to) magnetic resonance imaging and computed tomography.

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The report opines that knee reconstruction will continue to hold major revenue shares of the orthopedic implants market, trailed by hip reconstruction. Governments across the globe are taking efforts to reduce prices of orthopedic implants used in knee reconstruction surgeries. For example, the National Pharmaceutical Pricing Authority (NPPA) has announced price caps on the orthopedic implants employed in knee reconstruction surgeries, bringing the basic models’ price down by 65%.
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Results of the study are considered encouraging to meet active, high demand for orthopedic implants among patients, and are likely to lessen concerns apropos of dislocation. Such novel revelations and discoveries will continue to propel demand for orthopedic implants associated with hip reconstruction. Revenues from sales of orthopedic implants for hip reconstructed exceeded US$ 16,800 Mn in 2017.
North America’s preeminent in the orthopedic implants market will continue to prevail, states Fact.MR study. According to American Joint Replacement Registry (AJRR), over 7 million America have been associated with knee and hip reconstruction surgeries collectively. Over half revenue share of the market will be accounted by orthopedic implants sales in North America by 2027-end

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