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Orthopedic Implants Market Analysis Report 2019 With DePuy Synthes Companies, Globus Medical, NuVasive, Smith & Nephew, Stryker, Zimmer Biomet, Integra LifeSciences, Medtronic, The Orthopaedic Implant Company, Wright Medical
The orthopedic implants market research report is a concise presentation and market outline of market. In this report, orthopedic implants market is first characterized before assessing its market degree and size. This is an ideal hotspot for picking up the market research knowledge that will exponentially quicken your business. The orthopedic implants report gives the rule region, financial circumstances with the product value, advantage, limit, age, supply, solicitation and market improvement rate and figure, etc. The investigation of the orthopedic implants market has been done in a broad way to grab exact bits of knowledge. Careful research techniques and tools are embraced to gather data about the market, the parent market, and the peer market.The orthopedic implants market research report is curated with an expectation of offering cutting edge market knowledge and help leaders or industry members to settle on sound speculation decisions. In addition, the report additionally jumps profound into breaking down the developing and existing patterns in the worldwide market. The orthopedic implants market report incorporates the predominant patterns in the business, the guidelines and orders existent in the market, and the miniaturized scale financial and full scale monetary pointers that may impact the market during the estimated time frame i.e. 2019-2026.
Global orthopedic implants market is estimated to reach USD 67.05 million by 2026, registering a steady CAGR of 4.3% in the forecast period of 2019-2026. This rise in incidence of orthopedic diseases coupled with growing ageing population, improved healthcare facilities in developing countries
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It is a device which is placed into the body; it is designed to restore function by replacing or reinforcing a damaged structure. It is used in the treatment of back pain, orthopedic implants like bone plates and bone screws are used in spinal fusion surgery and fixation of fractured bone segments, as well as implant components used for hip and joint replacement. According to The University of Salford, up to 70 per cent of individuals develop lasting symptoms such as the ankle feeling unstable or starting to give way and are vulnerable to recurrent sprains. This significant number is expected to act as a driver to the market growth.
Key Market Competitors: Global Orthopedic Implants Market
Few of the major competitors currently working in the orthopedic implants market are
1. Depuy Synthes Inc. (Johnson & Johnson),
2. Globus Medical
3. NuVasive
4. Smith & Nephew
5. Stryker
Other: Zimmer Biomet Holdings, Inc., Integra LifeSciences Corporation, Medtronic, The Orthopedic Implant Company, Wright Medical Group N.V., Aesculap Implant Systems, LLC, BioTek Instruments, Inc., Conmed Corporation, Arthrocare Corporation, and others.
Market Drivers
· Technological advancements in the field of orthopedic implants
· Global rise in acceptance of orthopedic implants
· Improved healthcare facilities in developing countries
Market Restraints
· High cost of treatment associated with orthopedic implants procedures
· Stringent approval process as these are highly specialized devices
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Segmentation: Global Orthopedic Implants Market
By Product Type
· Reconstructive joint replacements
o Knee replacement implants
o Hip replacement implants
o Extremities
o Shoulder reconstruction
o Elbow reconstruction
o Hand & wrist
o Lower extremity reconstruction
o Foot reconstruction
o Ankle reconstruction
· Spinal implants
o Spinal fusion devices
o Thoracolumbar devices
o Cervical fixation devices
o Interbody fusion devices
o Motion preservation devices
o Dynamic stabilization devices
o Artificial discs
o Annulus repair devices
o Nuclear disc prostheses
o Vertebral compression fracture (VCF) treatment devices
o Balloon kyphoplasty devices
o Vertebroplasty devices
o Invasive spinal bone stimulators
· Dental Implants
o Allografts
o Machined allograft
o Demineralized bone matrix (DBM)
o Bone graft substitutes
o Bone morphogenic proteins (BMP)
o Synthetic bone grafts
o Cell based matrices (CBM)
· Orthobiologics
· Trauma & Craniomaxillofacial
o Screw
o Plates
o Staples
By End User
· Hospital
· Orthopedic Clinics
· Home Cares
By Biomaterial
· Ceramics Biomaterials
· Metallic Biomaterials
· Polymeric Biomaterials
· Natural Biomaterials
By Geography
· North America
· South America
· Europe
· Asia-Pacific
· Middle East and Africa
Competitive Analysis: Global Orthopedic Implants Market
Global orthopedic implants market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of orthopedic implants market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Developments in the Market:
· In March 2019, Stryker announces clinical evidence demonstrating improved early functional recovery with mako total knee with less pain, less need for opiate analgesics, less need for in-patient physical therapy, reduction in length of hospital stay, improved knee flexion and soft tissue protection in comparison to manual techniques
· In October 2018, Johnson & Johnson medical devices companies announced that Depuy Synthes Sales, inc. has entered into an exclusive agreement with Ortho Development Corporation to co-promote in the U.S. its kasm knee articulating spacer mold; this is a sterile, disposable cement spacer mold for patients who develop an infection after primary knee replacement. This new offering builds upon depuy synthes.
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