Orthopedic Implants Market Share, Size, Trends & Industry Analysis Report, By Application (Spinal, Hip, Knee, Dental, Craniomaxillofacial and S.E.T (Sports Medicine, Extremities, and Trauma)) by Regions and Segment Forecast, 2019-2026
The Global Orthopedic Implants Market is estimated to grow at a CAGR of 5.1% during the forecast period 2019-2026. As per the analysis, the global Orthopedic implants market was valued at $4,747.08 million in 2019 and is estimated to reach $6,894.2 million by the end of the year 2026.
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An Orthopedic implant is a medical device which replaces a missing bone or joint or to support damaged bone to optimize body function. These implants are used in minimally invasive surgeries used in treating lumbar spinal stenosis and spinal injuries. Implants are made up of cobalt, titanium, iron, chromium on which plastic alloys are used as cartilages.
Orthopedic implants market is growing owing to increase in elderly population and injuries arising due to sport activities. It is estimated that trauma cases, hip implants and fractures will boast the global Orthopedic implants market. Drawbacks in the industry are negligent reimbursable policies, strict confirmatory policies of Government and increased cost.
As per statistics, every year approximately 2 million patients go to the United States for cases related to head trauma. During the forecast period, in developing region spinal implants segment may or may not gain speed owing to preference of patients to undergo treatment.
North American region dominates the global Orthopedic implants market as the market is getting boast due to Government and healthcare policies. As per statistics, medicare has paid 400,000 hip replacement and $7 Billion for knee replacement to taxpayers for only hospitalization. Following up with North America is the Asia Pacific region; which will see a growth owing to knowledge of various implants, developing healthcare sector and market need for joint replacement.
Segmentation Overview of the Global Orthopedic Implants Market
The Global Orthopedic Implants Market is segmented primarily on the basis of application. These segments are further categorized into various sub-segments to study the market in detail.
The Application Segment of the Global Orthopedic Implants Market is Sub-Segmented into:
- E.T (Sports Medicine, Extremities, Trauma)
Geographical Overview of the Global Orthopedic Implants Market
As per the geographical segmentation of the global Orthopedic implants market, the market was studied across North America (U.S, Canada); Europe (Germany, France, Italy, Spain & UK); Latin America (Brazil, Mexico); Asia Pacific (India, Japan China); Middle East & Africa. As per the analysis, North American region dominated the Global Orthopedic Implants Market owing to increase in healthcare spending by local Government and well-established healthcare centre in the US and Canada.
Key Players Insights
Medtronic, Aesculap Implants Systems, Zimmer Bionet Holdings, Inc., Biotek Instruments, Inc., Conmed Corporation, Smith and Nephew plc, Wright Medical Group, Arthrocare Corporation, The Orthopedic Implant Company, N.V., Nuvasive Inc., DePuy Synthes and Biotek Instruments are some major key players included in the research study of the Global Orthopedic Implant Market. Companies are adopting various competitive strategies through innovation to withhold the market position and acquire majority of market share by producing affordable products in market to cater to different consumer base. Product launches, collaborations, partnerships, joint ventures, mergers and acquisitions are some major competitive strategies adopted by companies to get a competitive edge in the global market.
Key Topics Covered
1.Overview and Scope
1.1.Research goal & scope
1.3.1.Primary data sources
1.3.2.Secondary data sources
3.Global Orthopedic Implants Market Insights
3.1.Orthopedic Implants Market – Industry snapshot
3.2.Orthopedic Implants Market – Ecosystem analysis
3.3.Orthopedic Implants Market – Market dynamics
3.3.1.Orthopedic Implants Market – Market Forces
22.214.171.124.Orthopedic Implants Market- Market driver analysis
126.96.36.199.Orthopedic Implants Market – Market restraint/challenges analysis
188.8.131.52.Orthopedic Implants Market – Market opportunity analysis
3.4.Industry analysis – Porter’s five force
3.4.1.Bargaining power of supplier
3.4.2.Bargaining power of buyer
3.4.3.Threat of substitute
3.4.4.Threat of new entrant
3.4.5.Degree of competition
3.5.Orthopedic Implants Market PEST analysis, 2019
3.6.Value Chain Analysis
3.7.Orthopedic Implants Market Industry trends
4.Orthopedic Implants Market Size and Forecast by Application Type
4.2.Spinal Orthopedic Implants
4.3.Hip Orthopedic Implants
4.4.Knee Orthopedic Implants
4.5.Carniomaxxillofacial Orthopedic Implants
4.6.Dental Orthopedic Implants
4.7.E.T (Sports Medicine, Extremities, Trauma) Orthopedic Implants
5.Orthopedic Implants Market Size and Forecast by Regions
5.6.Middle East & Africa
6.1.3.Product Type Benchmarking
6.2.Zimmer Biomet Holdings, Inc.
6.2.3.Product Type Benchmarking
6.3.Aesculap Implants Systems
6.3.3.Product Type Benchmarking
6.4.3.Product Type Benchmarking
6.5.BioTek Instruments Inc.
6.5.3.Product Type Benchmarking
6.6.3.Product Type Benchmarking
6.7.The Orthopedic Implant Company
6.7.3.Product Type Benchmarking
6.8.Smith & Nephew Plc
6.8.3.Product Type Benchmarking
6.9.3.Product Type Benchmarking
6.10.Wright Medical Group N.V.
6.10.3.Product Type Benchmarking
6.11.3.Product Type Benchmarking
6.12.3.Product Type Benchmarking
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