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Orthopedic Fracture Repairing Implants Market Size Study & Demand Forecasts, 2017-2027
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Orthopedic Fracture Repairing Implants Market: Drivers and Restraints
Rising geriatric population, increased adoption of advanced technologies, surge in prevalence of osteoporosis and increased number of accidents are key drivers for orthopedic fracture repairing implants market. Lifestyle changes such as lack of exercise, early burnout, and increased prevalence of obesity in global population are attributing to weakening of bones, fuelling orthopedic fracture repairing implants market growth. However, global regulatory and reimbursement limitations, healthcare professionals choosing locally manufactured implants over international brands are few major restraints for orthopedic fracture repairing implants market. Also, lengthy FDA approval procedures for approval is another restrain for the orthopedic fracture repairing implants market.
Orthopedic Fracture Repairing Implants Market: Segmentation
Orthopedic Fracture Repairing Implants Market has been segmented on the basis of Product, end user, and region
Based on Product, the Orthopedic Fracture Repairing Implants market is segmented into the following:
External Fixations
Ilizarov apparatus
Taylor Spatial Frame
Hoffmann external fixation system
Internal Fixations
Intramedullary (IM) Nails
Bone Plates
Bone Screws
Washers and Instruments
Based on end user, the Orthopedic Fracture Repairing Implants Market is segmented into the following:
Hospitals
Ambulatory Surgical Centers (ASCs)
Clinics
Others
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Orthopedic Fracture Repairing Implants Market: Overview
Orthopedic fracture repairing implants market is emerging owing to promising discovery of new innovative products. Key players in market are focusing on new technologies such as biodegradable implants and internal fixation devices. Also surge in the bone related disorders anticipates the robust growth in orthopedic fracture repairing implants market. Osteoporosis Australia states that, around 4.7 Mn Australians over 50 have poor bone health or osteoporosis. Also, according to 2013 data, in every 3.6 minutes 1 fracture takes place in Australia which is which is indicator of high growth of orthopedic fracture repairing implants market over the forecast period.
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Orthopedic Fracture Repairing Implants Market: Region-wise Outlook
Geographically, Orthopedic Fracture Repairing Implants market is classified into regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan, Japan, Middle East and Africa. North America and Europe regions are expected to cause maximum market revenue share in Orthopedic Fracture Repairing Implants market over the forecast period due to availability of advanced healthcare infrastructure and presence of major players in the regions which are expected to hike the demand for Orthopedic Fracture Repairing Implants during the forecast period in the mentioned region. Asia Pacific region as well, is anticipated to witness crucial growth due to growing healthcare infrastructure in the region. Increasing number of hospitals are identified to be a key driver to the APEJ market growth.
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Orthopedic Fracture Repairing Implants Market: Key Players
The players leading in Orthopedic Fracture Repairing Implants market include Stryker Corporation, Medtronic plc, Zimmer Biomet Holdings, Inc., The Orthopaedic Implant Company, DePuy Synthes, Conmed Corporation, BIOTEK, Smith and Nephew plc.,Wright Medical Group N.V., Aesculap Implant Systems, and Conmed Corporation. BioTek Instruments, Inc.
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