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Orthopedic Implants Market to Expand with Rising Prevalence of Obesity in the World

06-25-2021 06:49 AM CET | Health & Medicine

Press release from: Fortune Business Insights

Orthopedic Implants Market to Expand with Rising Prevalence

The global “Orthopedic Implants Market Size” is set to touch USD 64.0 billion by 2026, exhibiting a modest CAGR of 4.1% during the forecast period. Unprecedented rise in geriatric population across the globe to be the key growth driver of this market. According to the United States Census Bureau (USCB), the proportion of aged people to the total world population is steadily climbing. For example, in 2012, world population had reached 7 billion and the people aged 65 and above were 8% of this number or 562 million. In 2015, the number rose by 55 million, with the percentage increasing to 8.5% of the total population in a span of 3 years. The USCB predicts that between 2025 and 2050, this geriatric population will double to reach 1.6 billion, whilst the total population will grow only by 34%. This, the USCB states, is attributable to the reduction in fertility rates around the world and lengthening lifespans due to advancements in medical technologies. This is expected to substantially broaden the base of the market, especially the joint reconstruction segment, as per the orthopedic implants market trends.

Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:

BioTek Instruments, Inc.
Zimmer Biomet
Integra LifeSciences Corporation
DePuy Synthes Companies (Johnson & Johnson Services, Inc.)
ArthroCare Corporation
Medtronic
CONMED Corporation
Smith & Nephew
Request a Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/orthopedic-implants-market-101659

Widespread Prevalence of Musculoskeletal Conditions to Spike Market Demand

Musculoskeletal conditions refer to disorders that adversely affect the locomotor system in the body, that is, bones, muscles, joints, ligaments, and tissues. Disorders related to these movements are increasing in prevalence, as stated by the World Health Organization (WHO). According to the WHO, between 20% and 33% of the world’s population is currently suffering from some painful and chronic musculoskeletal disease. The 2017 Global Burden of Disease Report revealed that musculoskeletal conditions were the second leading contributor to global disability, accounting for about 16% of all years with disability in an individual’s life. Given the economic costs associated with these disorders, the need to prevent them is stronger than ever today, which augurs well for the market as it will spur innovation among players in the forecast period.

The outbreak of covid-19 in the global market has made companies uncertain about their future scenario as the prolonged lock-down finds a serious economic slump. The latest survey on COVID-19 Outbreak-Global Orthopedic Implants Market is conducted to provide hidden gems performance analysis. Essential growth factors and study of Basis points [BPS] have been discussed in the following report. Research Report explains a detailed overview of market dynamics, segmentation, product portfolio, business plans, and the latest development in the industry.

Out research methodology is robust and includes data triangulation based on bottom-up and top-down approaches. We validated the approximate market number with the help of primary research. Secondary research was conducted to find out detailed information about mergers and acquisitions, collaborations, joint ventures, and agreements. At the same time, we have derived significant information about the market dynamics associated with growth drivers, trends, and obstacles.

Regional Analysis:

North America (the USA and Canada)
Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
Latin America (Brazil, Mexico and Rest of Latin America)
Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
North America to Hold a Commanding Position; Europe to Grow at an Impressive Rate

Among regions, North America is expected to dominate the global orthopedic implants market share owing to the increasing incidence of osteoarthritis in the region. Europe is projected to grow at a considerable rate on account of rapid spread of chronic diseases such as diabetes and obesity in the continent. In Asia-Pacific, rise in healthcare expenditure and increasing disposable incomes will propel the market in the region, as per the orthopedic implants market analysis by Fortune Business Insights. However, the market growth in Africa, Latin America, and the Middle East is anticipated to be slow due to low levels of development in these regions.

This report focuses on Orthopedic Implants Global Market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application. Regional analysis is another highly comprehensive part of the research and analysis study of the global market presented in the report. This section sheds light on the sales growth of different regional and country-level markets. For the historical and forecast period to 2026, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global market.

Have Any Query? Ask Our Experts:https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/orthopedic-implants-market-101659

Detailed Table of Content:

1 Orthopedic Implants Market Overview

1.1 Orthopedic Implants Product Overview

1.2 Orthopedic Implants Market Segment by Type

1.3 Global Orthopedic Implants Market Size by Type (2015-2027)

1.3.1 Global Orthopedic Implants Market Size Overview by Type (2015-2027)

1.3.2 Global Orthopedic Implants Historic Market Size Review by Type (2015-2021)

1.3.2.1 Global Orthopedic Implants Sales Market Share Breakdown by Type (2015-2027)

1.3.2.2 Global Orthopedic Implants Market Share Breakdown by Type (2015-2027)

1.3.2.3 Global Orthopedic Implants Average Selling Price (ASP) by Type (2015-2027)

1.3.3 Global Orthopedic Implants Market Size Forecast by Type (2021-2027)

1.3.3.1 Global Orthopedic Implants Sales Market Share Breakdown by Application (2021-2027)

1.3.3.2 Global Orthopedic Implants Revenue Market Share Breakdown by Application (2021-2027)

1.3.3.3 Global Orthopedic Implants Average Selling Price (ASP) by Application (2021-2027)

1.4 Key Regions Market Size Segment by Type (2015-2021)

1.4.1 North America Orthopedic Implants Sales Breakdown by Type (2015-2027)

1.4.2 Europe Orthopedic Implants Sales Breakdown by Type (2015-2027)

1.4.3 Asia-Pacific Orthopedic Implants Sales Breakdown by Type (2015-2027)

1.4.4 Latin America Orthopedic Implants Sales Breakdown by Type (2015-2027)

1.4.5 Middle East and Africa Orthopedic Implants Sales Breakdown by Type (2015-2027)

2 Global Orthopedic Implants Market Competition by Company

2.1 Global Top Players by Orthopedic Implants Sales (2015-2021)

TOC Continued....

For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/orthopedic-implants-market-101659

Report Focus:

Extensive product offerings
Customer research services
Robust research methodology
Comprehensive reports
Latest technological developments
Value chain analysis
Potential Orthopedic Implants Market opportunities
Growth dynamics
Quality assurance
Post-sales support
Regular report updates

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