Sarasota, FL -- (SBWIRE) -- 03/07/2019 -- Global Orthopedic Implants Market: Overview

Orthopedic implants are used to prevent and treat deformities and injuries of the musculoskeletal system. An orthopedic implant is a medical device manufactured to replace a missing joint or bone or to support a damaged bone. The medical implant is mainly fabricated using stainless steel and titanium alloys for strength and the plastic coating that is done on it act as artificial cartilage. Internal fixation is an operation in orthopedics that involves the surgical implementation of implants for the purpose of repairing a bone. During the surgery of broken bones through internal fixation the bone fragments are first reduced into their normal alignment then they are held together with the help of internal fixators such as plates, screws, nails, pins, and wires.

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Global Orthopedic Implants Market: Growth Factors

Developments in anesthesia techniques, rise in adoption of minimally invasive procedures, increase in incidence rate of injuries, the surge in geriatric population, and rise in adoption of technologically advanced products to treat musculoskeletal disorders are likely to drive the global orthopedic implants market growth over the years ahead.

The need for faster recovery, minimum pain, and cost-effective treatments has increased demand for minimally invasive joint replacement surgeries across the globe. Moreover, optimistic government initiatives to increase participation in sports leading to a high incidence of injuries will boost the growth of the global orthopedic implants market during the forecast timeframe. However, the incidence of product recalls due to device inefficiency or manufacturing errors affect the adoption rate of these implants among surgeons and patients. Moreover, stringent FDA regulations resulting in a longer waiting period for product approval limits the entry of new players in the market. This is likely to restrain the global orthopedic implants market during the forecast period.

Global Orthopedic Implants Market: Segmentation

The global orthopedic implants market can be classified into the product and end user. Based on the product type, the market is sectored into joint reconstruction, spinal implants, Trauma Implants, Orthobiologics, and Dental Implants. End-user wise, the orthopedic implants market is segmented into Hospitals, Orthopedic Clinics, and Ambulatory Surgical Centers.

Global Orthopedic Implants Market: Regional Analysis

Based on regions, the global orthopedic implants market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

North America is projected to hold the major share of the global orthopedic implants market in the coming years. The high cost of technologically advanced surgical procedures and an increase in the prevalence of orthopedic diseases such as osteoarthritis among the geriatric population are anticipated to contribute towards the market growth. Moreover, favorable reimbursement for the treatment of different musculoskeletal disorders under Medicare policy will boost the growth of the market in the region.

In terms of revenue, the European and Asia Pacific markets are projected to expand at a rapid pace during the forecast period. The rise in prevalence of orthopedic disorders and awareness about the treatment and focus of leading players to establish their presence in the emerging markets are anticipated to drive the market in these regions in the near future.

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LATAN and MEA markets have huge future growth prospects.

Global Orthopedic Implants Market: Competitive Landscape

The key players of the orthopedic implants market are tryker, DePuy Synthes, Zimmer Biomet, Smith & Nephew, Medtronic Spinal, DJO Global, Arthrex, Inc., NuVasive, Inc., and Globus Medical.

Global Orthopedic Implants Market: Regional Segment Analysis

North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa

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