The reliable Orthopedic Implants market report contains market insights and analysis for Medical Devices industry which are backed up by SWOT analysis. The report provides with the complete knowledge and information of rapidly changing market landscape, what is already there in the market, future trends or market expectations, the competitive environment, and competitor strategies that aids in planning own strategies with which business can outshine the competitors. This industry analysis report examines market drivers, market restraints, challenges, opportunities and key developments in the Medical Devices industry. The comprehensive Orthopedic Implants market research report has been designed by keeping in mind the customer requirements which assist them in increasing their return on investment (ROI).
Data bridge market research analyzes that the global orthopedic implants (including dental implants) market is expected to reach the value of USD 111,328.94 million by 2030, at a CAGR of 13.7% during the forecast period.
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Orthopedic implants are classified into two groups, including permanent joint replacements and temporary fracture fixation devices. Orthopedic implants include hip, knee, ankle, shoulder, elbow, wrist, and finger joints that should serve the human body throughout the patient's life. On the other hand, temporary orthopedic implants such as plates, screws, pins, wires, and intramedullary nails are required to repair broken bones and work for a relatively short time, just long enough to allow bone healing. Since orthopedic implants must perform under different operating conditions in life, a good understanding of the basic requirements of orthopedic materials and the subsequent biological responses is crucial for the design and optimization of implants under the physiological conditions of the human body. Choosing the right materials for an orthopedic implant depends on the specific application. Metal alloys, ceramics, and polymers are commonly used in orthopedic implants. These materials have different physical, chemical, and biological properties that suit specific applications. Despite the success of traditional materials, new and better biomaterials are constantly being developed to meet the ever-increasing demand.
Drivers/Opportunities
Rising Geriatric Population
With this increasing age comes a reciprocal increase in the number of elderly patients admitted in hospitals due to fatal traumatic injuries. The rising prevalence of musculoskeletal diseases increases the demand for diagnosis and treatment. With the growing population, the pressure on the healthcare system is rising. The increasing need for proper treatment proportionally surges the market of care, services, and technologies to prevent and treat musculoskeletal conditions such as sarcopenia, osteoporosis, osteopenia, and other musculoskeletal complications. The elderly population is more prone to these conditions leading to fragile bones and joints. In such patients, orthopedic implants are used to provide them with immediate and efficient benefits associated with their bodies.
Therefore, the market for global orthopedic implants is expected to grow in the forecast period due to rising geriatric population.
Some of the major players operating in the global orthopedic implants (including dental implants) market are DePuy Synthes (a Subsidiary of Johnson Johnson Inc.), Zimmer Biomet, Smith Nephew plc, Medtronic, Stryker, B. Braun Melsungen AG, Changzhou Waston Medical Appliance Co., Ltd., Integra LifeSciences, Narang Medical Limited, W.L. Gore Associates, Inc., 3M, Arthrex, Inc., General Electric Company, DJO, LLC (a Subsidiary of Colfax Corporation), Samay Surgical, BioHorizons, Envista, Egifix, Institut Straumann AG, Canwell Medical Co., Ltd., Corin Group, Globus Medical, CONMED Corporation, curex, Bonetech Medisys P.V.T LTD., and EgiFix Medical among others.
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