Worldwide Orthopaedic Implant Market - Absolutely Paramount with rise in healthcare technology showing huge progress in the coming future

Market Research Future published a Half Cooked research report on “Global Orthopaedic  Implant Market Research Report - Forecast to 2027– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027.
An orthopedic implant is a medical device used to treat the damaged bone or to replace a missing joints. They are mainly manufactured by using stainless steel and titanium alloys. Globally the market for orthopedic implants is growing tremendously due to increasing incident of knee & shoulder injuries and increasing prevalence of different orthopedic diseases. According to International Osteoporosis Foundation, worldwide, osteoporosis causes more than 8.9 million fractures annually. The global orthopedic implant market is driven by increasing prevalence of different orthopedic diseases, increasing number of surgeries, and rapid development in the orthopedic implant material. Moreover, increasing aging population, poor diet and lack of exercise has increased the risk of causing different fractures. While on the other hand, high cost of treatment and the increasing failure of joint implants can be responsible to hinder the market growth.

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Further Orthopedic implants can be defined as medical devices used to either provide fixation or replace of bone or to replace articulating surfaces of a joint. It plays an important role in the treatment of bone injuries. Increase in patients suffering from osteoporosis, rise in geriatric population that increases the risk of osteoporosis, osteoarthritis, technological innovations in the orthopedic implants and increasing incident of accidents across the globe has ameliorated the global orthopedic implant market. Increasing spine injuries, sports related injuries, rising acceptance of orthopedic implants, and increasing healthcare expenditure has also contributed in the growth of the market. On the other hand, high cost of the treatment, strict approval process for the implants and increasing incident of the failure of the implant surgeries has hampered the growth of the market.

Global orthopedic implant market is segmented on the basis of types, into internal fixation devices, external fixation devices. Internal fixation devices are sub segmented into plate and screws, kirschner wires, and intramedullary nails.

On the basis of the product type, the market is segmented into reconstructive joint replacements, spinal implants, orthobiologics, trauma, hip replacement, batteries and other. Reconstructive joint replacements are further segmented into knee replacement implants, hip replacement implants, and other. Biomaterials is sub segmented metals and non-metals.  Metals are further sub segmented into stainless steel, titanium alloy, cobalt alloy and others. Non-Metal is sub segmented into ceramic (alumina, calcium phosphate, zirconium dioxide, carbon and other), polymeric (polymethylmethacrylate (pmma), polyethylene, silicone, polyester and other), natural biomaterials (collagen, chitin & chitosan and other) and others.

On the basis of the application the market is segmented into hip, knee, foot and ankle, spine, shoulder & elbow and others. On the basis of end users the market is sub segmented into ortho clinics, hospitals and other

There are various local and global players who work in the global Orthopaedic Implant market. However we have profiled some of the major players which are Johnson & Johnson (US), Stryker Corporation (US), Zimmer Biomet Holdings, Inc. (US), Wright Medical Group N.V (US), Smith & Nephew plc (UK), Medtronic Plc (Ireland), B. Braun Melsungen AG (Germany), BioTek Instruments, Inc. (US), Biomet, Inc (US), ConforMIS (US), MicroPort Scientific (China), Materion Corporation (US), Carpenter Technology Corporation (US), Ulbrich Stainless Steel & Special Metals, Inc. (US), CeramTec (Germany) and many more.

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Regional Analysis: Global Orthopaedic Implant Market  

On a regional basis, the global orthopedic implant market is dominated by America. The America orthopedic market is segmented into two major regions in North America and South America. North America accounts for the largest market share owing to the presence of huge population suffering from osteoporosis. According to International Osteoporosis Foundation, in approximately 1.4 million Canadians and 44 million people in US are suffering with either osteoporosis or low bone mass. More than 30,000 hip fractures occur each year in Canada. Thus increasing prevalence of orthopedic diseases is the major reason for the growth of the market in North America. 65% of orthopedic problems starts after 50 years age. Canada has a no of the geriatric population. Adoption of sedentary lifestyle, increasing geriatric population, unhealthy diet and lack of exercise has also contributed in the growth of the market.

Europe has the second largest market for orthopedic implants which is followed by Asia Pacific. Middle East & Africa has the lowest share for the orthopedic implant market.

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