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Global Orthopedic Implants Market To Witness A CAGR of 4.6% During The Forecast Period – ZMR

Global Orthopedic Implants Market accrued revenue worth nearly 53,251(USD Million) in 2019 and record the CAGR of about 4.6% over the period from 2020 to 2026.

New York, United States - October 28, 2020 /MarketersMedia/

According to analysts at Zion Market Research, the valuation of the global orthopedic implants market in 2019 was around USD 53,251million and is projected to attain about $69,284million by 2026, growing at about 4.6% CAGR during the forecast period. The prominent players of the global orthopedic implants market profiled comprise Zimmer Biomet Holdings, Inc., Johnson & Johnson (DePuy Synthes), Medtronic Plc, Stryker Corporation, Wright Medical Group N.V., Smith and Nephew Plc, Arthrex, Inc., CONMED Corporation, Globus Medical Inc., and DJO Finance LLC.

Increase In Incidence Of Orthopedic Diseases Or Injuries Likely To Spur Market Growth

The global orthopedic implants market is anticipated to develop at a rapid rate owing to the risk of oerstoarthitis and osteoporosis becomes more ordinary as one approaches old age. Thereby, the increase in the incidence of orthopedic diseases or injuries and rapid rise in the aging population across the world is expected to propel the market growth. Further, technological improvements in the orthopedic implants industry, enhancement of healthcare infrastructure in the budding nations, and approval for implantable medical devices are also anticipated to boost the market growth. Moreover, rising cases of sports accidents and joint replacements worldwide would also help the market grow during the forecast period. Nevertheless, the high price related to processes involving orthopedic implants treatment and strict government rules might hinder the market growth.

Reconstructive Joint Replacements To Grab The Major Market Share

Reconstructive joint replacements segment, based on product type, is anticipated to occupy the highest share in the market. This expansion can be credited to the rising incidence of osteoarthritis and osteoporosis, developments in the joint replacements, along with an increase in spending by major players in research & development of orthopedic implants. Further, the orthobiologics segment is projected to witness swift growth during the years to come on account of the increase in demand for minimally invasive procedures, cutting-edge therapies, and rise in patient alertness about the use of orthobiologics.

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North America To Continue Its Dominance Over The Global Market

North America is anticipated to continue its dominance over the global orthopedic implants market during the forecast period. The market expansion is propelled by the rising healthcare expenditure by the local government along with the deep-rooted healthcare infrastructure in Canada and the US. Also, the increasing elderly population within North America will propel the growth of the global orthopedic implants market during the forecast period. Moreover, Asia Pacific is also projected to witness significant market growth in the coming period as a result of rising awareness with the use of several orthopedic implants, developing healthcare infrastructure, and nascent market needs.

The global orthopedic implants market is segmented as follows:

By Product Type

Reconstructive Joint Replacements
Knee Replacement Implants
Hip Replacement Implants
Extremities
Upper Extremity
Shoulder
Elbow
Wrist
Lower Extremity
Upper
Lower

Spinal Implants
Spinal Fusion Devices
Thoracolumbar Devices
Cervical Fixation Devices
Interbody Fusion Devices
Vertebral Compression Fracture (VCF) Devices
Balloon Kyphoplasty Devices
Vertebroplasty Devices

Motion Preservation Devices/Non-Fusion Devices
Dynamic Stabilization Devices
Artificial Disc Replacement Devices
Annulus Repair Devices
Nuclear Disc Prostheses
Invasive Spinal Bone Stimulators
Dental Implants
Root Form Dental Implants
Plate Form Dental Implants
Trauma

Orthobiologics
Demineralized Bone Matrix (DBM)
Allograft
Bone Morphogenetic Protein (BMP)
Viscosupplementation Products
Synthetic Bone Substitutes
Others
Others

By Biomaterial
Metallic Biomaterials
Stainless steel
Titanium Alloy
Cobalt Alloy
Others

Polymeric Biomaterials
Ceramic Biomaterials
Others

By Type
Knee
Hip
Wrist & Shoulder
Dental
Spine
Ankle
Others

By Region

North America
The U.S.
Canada

Europe
France
The UK
Spain
Germany
Italy
Rest of Europe

Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific

Latin America
Brazil
Mexico
Rest of Latin America

Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa

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