Orthopedic Implants Market Research By Product Type (Spinal Implants, Reconstructive Joint Implants, Orthobiologics and others), Biomaterial (Metallic, Polymer, Ceramic), End-User (Hospitals, Orthopedic Centers and others), New Technology, Latest Trends, Industry Growth, Size, Share, Developments and Region Global Forecast till 2025.
Orthopedic implants are medical devices which can act as Developments in Tissue Engineering to Influence a substitute or a replacement for a biological part. These are manufactured using stainless steel, alloys, or other polymers with applications in injuries, fractures, and others.
The global orthopedic implants market size can soar in valuation at a CAGR of 4.71% from 2019 to 2025 (forecast period). It was valued at USD 6,374.86 million in 2018.
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Major Industry Competition Outlook
Stryker Corporation, Globus Medical, Inc., Depuy Synthes Inc. (Johnson & Johnson), Arthrocare Corporation, Medtronic, plc, Smith & Nephew plc., The Orthopedic Implant Company, Integra LifeSciences Holdings Corporation, Aesculap Implant Systems, NuVasive, Inc., Wright Medical Group N.V., Zimmer Biomet Holdings, Inc., Conmed Corporation, and BioTek Instruments, Inc., are prime manufacturers of orthopedic implants.
Orthopedic Implants Market Segmentation Analysis
The global orthopedic implants market is segmented on the basis of product type, procedure, biomaterial, device type, application, and end-user.
the global orthopedic implants market On the basis of product type can be segmented into spinal implants, dental implants, trauma and craniomaxillofacial implants, reconstructive joint implants, orthobiologics, and others.
the global orthopedic implants market On the basis of procedure is classified as open surgery, Minimally Invasive Surgery (MIS), and others.
the global orthopedic implants market On the basis of biomaterial is classified into metallic biomaterials, polymer biomaterials, ceramic biomaterials, and natural biomaterials.
the global orthopedic implants market On the basis of device type can be segmented into internal fixation devices and external fixation devices. External fixation devices are further subdivided into orthopedic rods/wires, orthopedic screws, orthopedic plates, fixation pins, and orthopedic nails.
the global orthopedic implants market On the basis of application is classified into neck fracture, spine fracture, hip replacement, shoulder replacement, and others.
the global orthopedic implants market On the basis of end-user is classified into hospitals, orthopedic clinics, home cares, and others.
TABLE OF CONTENTS
- REPORT PROLOGUE
- MARKET INTRODUCTION
- RESEARCH METHODOLOGY
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
- MARKET DYNAMICS
- MARKET FACTOR ANALYSIS
5.1. Porter’s Five Forces Analysis
5.1.1. Bargaining Power Of Suppliers
5.1.2. Bargaining Power Of Buyers
5.1.3. Threat Of New Entrants
5.1.4. Threat Of Substitutes
5.1.5. Intensity Of Rivalry
5.2. Value Chain Analysis
5.2.1. R&D And Designing
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Orthopedic implants Market Outlook
Rise in the number of accidents or injuries is one of the biggest drivers of the market. The increasing investments in research and development, focus on orthopedic implantation surgeries, and rising volume of robotic surgeries are other drivers of the market.
The large patient base and the geriatric populace which are susceptible to bone diseases are expected to be lucrative for the market. 3D printing has been revolutionary in the market with new implants being manufactured according to customized specifications. Rehabilitation of veterans and the development of nano implants for pushing the growth of tissue engineering can disrupt the market effectively. This is supported by the shift to minimally invasive surgeries from conventional open surgeries.
Allergies to metal implants may hamper the growth of the market but provide plenty of opportunities for manufacturers to experiment with different polymers.
- Medical Device Companies
- Pharmaceutical Companies
- Hospitals and Clinics
- Diagnostic Centers
- Academic Institutes
- Government Organizations
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Large number of accidents and trauma cases have prompted scientists in developing a liquid capable of tackling infections at the site of injury. Recently, researchers at Georgia Institute of Technology have developed a hydrogel containing protein BMP-2 and the enzyme, lysostaphin. It had showed reduction in infection against the Staphylococcus aureus during testing.
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