Global Orthopedic Implants Market” (By Offerings (Joint Reconstruction and Replacements, Spinal Implants, Dental Implants, Trauma and CRANIOMAXILLOFACIAL, Others); By Application (Upper Body Extremities, Lower Body Extremities); By End Use (Hospitals, Orthopedic Clinics and Others), 2019 – 2026 offers updated industry insights, growth perspective and dynamics about the competitiveness in the market.
Orthopedic implants are the bone screws, bone plates, fixators, nails, femoral heads and other instruments used to replace and support missing joint or bone in any part of the body. These medical instruments are nontoxic and offer bio compatibility properties that assist in tissue reformation and integration. Hence, these implants are often referred as bio material implants for fracture fixation, joint arthroplasty, and spine damage. The global orthopedic implants market is expected to grow at a CAGR of XX% over the forecasted period 2019 – 2026. Prevalence of osteoporosis, osteoarthritis, bone and joint injuries among elderly population is booming. This is because; joints among elderly population are vulnerable to disease and injury and get deteriorated over the course of time period. Hence, with the growing number of geriatric population and increasing cases of osteoporosis, osteoarthritis and bone injuries across the globe is contributing to the need of orthopaedic implants market.
Need for Orthopedic Implants for Trauma and Spinal Surgery
Increase in minimally invasive spinal surgeries has enabled a rise in importance of orthopaedic implants market. As per the National Institute of Neurological Disorders, it was observed that 80 percent of humans experiences low back pain. However, the chronic low back pain and severity increases over the course of time among the adults. Hence, depending on the severity, spinal surgery and implants becomes a necessary effect to reduce trauma and further fracture disruption. Currently, the role of minimally invasive spinal surgeries in orthopaedics presents a substantial role. The surgeons use very smaller incisions, microscopic video cameras and guiding instruments in order to operate in the spinal area, wherein, affected muscles and tissues around the spine are removed. Hence, to stabilize strengthen and facilitate fusion of vertebrae and spinal cord, spinal implants are implied. These spinal implants are medical bio implants such as rods, bone plates, bone screws that helps in facilitating spinal bone fusion and mobilization.
Advancement of 3D Printing Technology For Developing Orthopedic Implants
Rise in application of 3D printing technologies in the industry has enabled in the emergence of customized orthopaedic implants. Current usage of technology is primarily implied in the commercial activity of standard sized implants. Yet, certain applications of patent specific implants developed from 3D printing technology are observed conforming within the regulatory policies of FDA. Furthermore, increase in regulatory policies and guidelines for 3D printing technology also propensities in the advancement of orthopaedic implants market. For instance, in May 2016, FDA issued an elaborative technical draft guidance document for the additive manufacturers. Based on the document, FDA categorized the medical implants into standard sized and patient specific devices.
Global Orthopedic Implants Market, Revenue (USD Million), 2019 – 2026
The competitive landscape of the global orthopaedic implants market consists of several global and regional players. Some of the global players in the market include B. Braun Melsungen AG, Biotronik, CONMED Corporation, DePuy Synthes, DJO Global, Integra LifeSciences, NuVasive, Inc., Smith & Nephew, Stryker, Zimmer Biomet. amongst others.
Orthopedic Implants Offerings, Overview, 2019 – 2026 (USD Million)
- Joint Reconstruction and Replacements
- Spinal Implants
- Dental Implants
- Trauma and CRANIOMAXILLOFACIAL
Orthopedic Implants Application, Overview, 2019 – 2026 (USD Million)
- Upper Body Extremities
- Lower Body Extremities
Orthopedic Implants End Use, Overview, 2019 – 2026 (USD Million)
- Orthopedic Clinics