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Covid-19 impact on - Personalized Orthopedics Market 2020 Industry Research, Share, Trend, Industry Size, Price, Future Analysis, Regional Outlook to 2026 Research Report | DBMR Updates
Personalized Orthopedics Market
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Global personalized orthopedics market is set to witness a substantial CAGR in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. This rise in market value can be attributed to increasing demand for personalized Solutions.
Few of the major competitors currently working in global personalized orthopedics market are Stryker, Zimmer Biomet, DePuy Synthes, Medtronic, Wright Medical Group N.V., Japan MDM, Inc., KYOCERA Corporation, SEIKAGAKU CORPORATION, NuVasive, Inc., Scheck & Siress, Exactech, Inc. among others
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Market Analysis:
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Market Definition: Global Personalized Orthopedics Market
Personalized orthopedics approach relies on the scientific discoveries and understanding of genetic and unique molecular profiles to make patients susceptible to certain diseases. Innovative technology is playing an important role in personalized orthopedics which includes 3D imaging and modeling and digital manufacturing. Personalized orthopedics is providing customization solution with range of specialists which include physical therapists, interventional spine specialists, surgeons and non-surgical specialists for injuries and musculoskeletal system. It not only treats bone, muscle and joint conditions but also specializes in orthopedic medicine.
Segmentation: Global Personalized Orthopedics Market
Personalized Orthopedics Market : By Type
Hip Orthopedic
Knee Orthopedic
Spine Orthopedic
Cranio-maxillofacial Orthopedic
Dental orthopedic
Shoulder Orthopedic
Others
Personalized Orthopedics Market : By Product
Accessories
Surgical
Personalized Orthopedics Market : By End User
Hospitals
Ambulatory Centers
Home Care Settings
Others
Personalized Orthopedics Market : By Geography
North America
South America
Europe
Asia-Pacific
Middle East & Africa
Key Developments in the Personalized Orthopedics Market:
In January 2019, Hospital for Special Surgery (HSS) announced that they had established an additive manufacturing facility in Europe in partnership with LimaCorporate which will deal in providing customized 3D printed implants for orthopedics. This establishment of a facility is evident of the strategy of HSS to develop advanced solutions helping in the treatment of musculoskeletal disorders
In March 2018, Materialise NV announced the launch of a surgical platform "TRUMATCH" developed in partnership with DePuy Synthes for application in shoulder-based surgical procedures. The platform will provide surgeons and physicians with planning and printed guides which is aimed at enhancing the quality of surgeries. DePuy Synthes will be responsible for the distribution of this particular solution throughout United States, Australia, Europe, New Zealand and Canada
Personalized Orthopedics Market Drivers :
Increasing number of geriatric population and prevalence of associated diseases like osteoarthritis, osteoporosis is expected to drive the growth of this market
Increasing R&D activity and availability of customized orthopedics implants will also foster the market growth
Increasing prevalence of sports related bone injuries is expected to increase growth of the market in the forecast period
Growing awareness regarding the availability of innovative treatment products in the market also acts as a market driver
Personalized Orthopedics Market Restraints :
High cost of personalized orthopedics acts as a major restricting factor for this market growth
Shortage of skilled professionals is expected to restrain the market growth
Non-favorable reimbursement coverage policies to support personalized orthopedics is expected to hinder the market growth
Adverse effects of post-surgery infections, hypersensitivity may impede the growth of this market
The Personalized Orthopedics Market report describes a comprehensive insight into the application scope of the market. In addition, the report comprises details relevant to the market share obtained by various segments. Information about the revenue gathered from the segments along with the projected sales for the project duration is stated in the document. Essential insights about the vital parameters such as the competition trends and market focusing rate is included in the report. The Personalized Orthopedics Market analysis report describes details about the marketing channels accepted by the manufacturers for their products in tandem with the information regarding the traders, distributors, and dealers competing in the market.
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