Orthopedic implants are medical devices that are used to replace or provide support to damaged bones or joints. These are fabricated using stainless steel and titanium alloys for strength, with plastic coating that acts as an artificial cartilage. These implants are applicable in orthopedic injuries, treatment of several types of arthritis, and fractures. Orthopedic implants also useful in the joint replacement surgery, which is performed to remove the damaged joint and replace it with a new joint, called prosthesis. The remarkable shift from traditional invasive procedures to minimal invasive surgeries has positively impacted the market growth.
Rise in prevalence of orthopedic injuries or diseases and the rapid growth in aging population globally drive the market. In addition, technological innovations in the orthopedic implants industry, acceptance for implantable medical devices, and improvement of healthcare infrastructure in the emerging countries further supplement the market growth. However, high cost associated with procedures involving orthopedic implants treatment and stringent government policies hamper the market growth. Furthermore, the untapped emerging economies present lucrative opportunities for the market. The global orthopedic implants market accounted for $47,261 million in 2016, and is anticipated to reach at $74,796 million by 2023, registering a CAGR of 6.8% from 2017 to 2023.
The global orthopedic implants market is segmented based on product, biomaterial, and geography. Based on product, it is classified into reconstructive joint replacements, spinal implants, dental implants, trauma & craniomaxillofacial, orthobiologics, and others. The reconstructive joint replacements market is further divided into knee, hip, and extremities. Spinal implants are further categorized into spinal fusion devices, non-fusion devices/motion preservation devices, and invasive spinal bone stimulators. Dental implants are further bifurcated into root form dental implants and plate form dental implants. Trauma & Craniomaxillofacial are further categorized into screws, plates, staples, and others. Orthobiologics are further classified into allografts, bone graft substitutes, and cell-based matrices. Based on biomaterial, it is classified into metallic, ceramic, polymeric, and natural biomaterials.
Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for the highest market share in the orthopedic implants market in 2016, and is expected to maintain its dominance throughout the forecast period, owing to increase in R&D activities to develop innovative technologies in orthopedic implants. However, Asia-Pacific is expected to emerge as a lucrative area with maximum growth potential, owing to the improvement in healthcare facilities, available disposable income, and rapid development in the economic conditions.
Product development is the key strategy adopted by market players. The report provides a comprehensive analysis of the key players that operate in the global orthopedic implants market.
KEY MARKET BENEFITS
KEY MARKET SEGMENTS
KEY PLAYERS PROFILED
The other players in the value chain include (profiles not included in the report)
The Global Zirconia Dental Material market size will be XX million (USD) in 2022, from the XX million (USD) in 2016, with a CAGR (Compound Annual Growth Rate) of XX% from between 2016 and 2022. This report studies the global Zirconia Dental Material market, especially in North America, Europe, Asia-Pacific, South ...
January 2018 | $4960 |View Details>>
In 2016, the Asia-Pacific Zirconia Dental Material market size was xx million USD and it will reach xx million USD in 2022, with a CAGR of xx% between 2016 and 2022. This report studies Zirconia Dental Material in Asia-Pacific market, especially in China, Japan, Korea, Taiwan, India, Australia, Indonesia, Thailand and ...
January 2018 | $4660 |View Details>>
In 2016, the Zirconia Dental Material market size was xx million USD in China, and it will be xx million USD in 2022, with a CAGR of xx% between 2016 and 2022. In China market, the top players include Dentsply Sirona Sagemax Bioceramics ...
January 2018 | $3360 |View Details>>
In 2016, the Europe Zirconia Dental Material market size was xx million USD and it will reach xx million USD in 2022, with a CAGR of xx% between 2016 and 2022. This report studies Zirconia Dental Material in Europe market, especially in Germany, UK, France, Italy, Russia, Benelux, Turkey and other ...
January 2018 | $4660 |View Details>>
UPCOMING MARKET RESEARCH REPORTS
2018 © Copyright Big Market Research