The report, ‘Orthopedic Implants market’ enables stakeholders to gain insights into their potential consumers to construct more effective marketing strategies for the forecast period 2019 to 2030.
New York, NY -- (SBWIRE) -- 05/17/2019 -- The latest study on the Orthopedic Implants industry for the forecast period 2019 to 2030 blends in the best of both qualitative and quantitative research to assess the major driving forces, restraining factors and opportunities shaping the development of the Orthopedic Implants industry worldwide. When studying the major drivers a conscious effort is made to assess the rise in the product demand, changes in regulatory policies and fluctuating prices of the raw material. Importantly, the study quantifies the industry share occupied by the prominent vendors and offers an extensive view of the growing investment pocket in the Orthopedic Implants industry worldwide. Detailed evaluation of various aspects with respect to the geography for the estimated period forms an important part of the research.
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The continual growth of the orthopedic implants market can be attributed to several factors which have led to wide scale adoption of these products which are extensively used to improve body posture, treat deformities and other forms of musculoskeletal conditions among patients. Moreover, the growing geriatric population across the globe and rising medical tourism are anticipated to further contribute to the substantial growth of the global orthopedic implants market between 2019 and 2030. To obtain better insights regarding the market scenario prominent players are increasingly focusing on collaborative initiatives with several institutes and research centers. The University of Sheffield, has entered into a partnership with JRI Orthopedics Ltd, a surgical instruments and orthopedic implants company, to improve the overall scope of technology and research in the field of orthopedics.
Rising Incidences of Arthritis
Arthritis is considered to be a major health crisis in the US, it is estimated that a staggering 300,000 children and 54 million adults, suffer from arthritis or other forms of rheumatic diseases. According to Arthritis Foundation (US), it is anticipated that 78.4 million US adults would suffer from arthritis, by 2040. Growing incidences of these ailments is anticipated to significantly contribute to the global Orthopedic implants market during the forecast period.
The comprehensive assessment of value chain of the Orthopedic Implants market is emphasized in the report to help business owners, stakeholder and field marketing personnel get a clear understanding of the key competency of the different activities involved. The market opportunity analysis offered in the market intelligence report measures various intangible factors such as gross margin, profit, demand and supply, distribution channel and spending power of the customers. Importantly, the study classifies the industry into an array of segments based on product type, application and consumer preference. The evaluation of the various segments is useful in getting clarity about the growth areas and viable opportunities in the Orthopedic Implants market for the forecast period, 2019 to 2030.
Rapid Growth of the Asia Pacific Market
Asia Pacific is estimated to witness the highest CAGR during the forecast period. Increasing population, continuously growing economy, rising medical tourism, increasing incidences of osteoarthritis, & osteoporosis and adoption of latest orthopedic implant products is anticipated to present a lucrative growth scenario for the orthopedic implants market in this region. Furthermore, attractive procedure rates, coupled with supportive government healthcare regulations and norms is expected to present an attractive growth prospect for the market in the coming years.
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Major Players in the Orthopedic Implants Market
The prominent players in the global orthopedic implants market are Zimmer Biomet, Stryker Corp., Smith & Nephew, DePuy Synthes, NuVasive, Inc., Medtronic, DJO Global, Inc., Arthrex, Inc., Globus Medical Inc. and B. Braun Melsungen AG among others.
The study further covers the recent momentum in the competitive landscape taking into account the company profiles of prominent market players. Extensive information about every top performer has been enclosed in this market intelligence report along with their initiatives including product launches, collaborations and technology upgrade and more. Vital statistics on different aspects such as market segmentation, customer preference, growing spending power, demand and supply status and gross margin are presented through self –explanatory resources like charts, tables and infographics.
The research provides answers to the following key questions:
- What are the Orthopedic Implants market opportunities and threats faced by the vendors in the global Orthopedic Implants market?
- What will be the Orthopedic Implants Market size in 2030 and what will be the growth rate?
- What are some of the competing products in Orthopedic Implants market and how big of a threat do they pose for loss of market share by product substitution?
- What are the challenges to Orthopedic Implants market growth?
- What M &A activity has taken place in the historical years in this Orthopedic Implants market?
- What are the key factors driving the Global Market?
- Who are the key vendors in this Orthopedic Implants market?
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