Reportocean.com have announced the addition of a new report titled "Global Orthopedic Implants Market and Forecast to 2025"
Delhi, India -- (SBWIRE) -- 12/02/2019 -- Based on the latest insights in the report title "Global Orthopedic Implants Market Size Study, By Product (Reconstructive Joint, Spinal Implants, Dental Implants, Orthobiologics, Trauma & Craniomaxillofacial), By Bio materials (Metallic, Ceramics, Polymers, Natural) and Regional Forecast 2025" by Report Ocean, the Market is projected to reach $66,636 million by 2025, growing at a CAGR of 4.7%.
The global orthopedic implants market has witnessed a tectonic surge over the forecast period, as per a report published by Report Ocean. The market will retain its position in the global market mainly due to the drastic change to minimally invasive surgeries from conventional procedures. The surging number of osteoarthritis patients owing to increased body mass index, obesity, diabetes, low bone density, and geriatric population.
The rising number of sports injuries and trauma cases due to road accidents will contribute to the growth of the orthopedic implants market over the assessment period. The demand for orthopedic implants has augmented at a significant rate, mainly due to the increasing aging population, susceptible to osteoarthritis and osteoporosis. Moreover, constant technological advancements made in the field of orthopedic implants has further created humungous demand for the orthopedic implants market during the assessment period. Also, the rising number of musculoskeletal disorders has triggered the demand for the orthopedic implants market over the assessment period.
New product launches will further drive the growth of the orthopedic implants market during the estimated
timeframe. Manufacturers involved in the particular market have made notable improvements in implant materials as well as their processing methods, which is likely to create new growth opportunities for the market during the estimated timeframe. Attachment of new implants is tough due to bone loss during revision surgery. The new designs will thus allow the surgeons to preserve the posterior as well as anterior ligaments and improve response, movement, and feel of a knee implant. Such advancements will fuel the market growth during the predicted timeframe. Additionally, the rising demand for 3D-printed orthopedic implants has been recorded as one of the chief trends stimulating the market growth over the years.
On the contrary, the stringent regulatory approvals, coupled with the limited medical insurance policies are likely to restrict the growth of the global orthopedic implants market during the assessment period. Moreover, high cost of the orthopedic implant procedures will restrict the market growth during the review period.
DOWNLOAD FREE SAMPLE COPY @ https://www.reportocean.com/industry-verticals/sample-request?report_id=4615
The global orthopedic implants market has been segmented on the basis of product type and biomaterial.
By product type, the global orthopedic implants market is segmented into spinal implants, dental implants, orthobiologics, reconstructive joint implants, trauma & carniomaxillofacial implants, and others. Of these, the spinal implant is predicted to garner huge growth owing to the rising number of road accidents, sports related injuries, and disc generative conditions.
By biomaterial, the global orthopedic implants market is segmented into natural biomaterials, metallic biomaterials, polymer biomaterials, and ceramic biomaterials. Of these, the metallic biomaterials segment acquires the lion's share owing to minimum risk of infection and rigidity which is imparted on the implants.
Geographically, the global orthopedic implants market spans across Asia Pacific, North America, Europe and Rest of the World.
Considering the global scenario, the orthopedic implants market in the North American region commands the largest share, garnering a revenue of 54%. The major factor for the regional market's growth can be majorly attributed to the rising prevalence of geriatric population prone to osteoarthritis and osteoporosis.
On the other hand, the Asia Pacific region is likely to emerge as the fastest developing region, mainly due to the recent boom in medical tourism, high availability of orthopedic implants, and rising patient awareness regarding the availability of these implants. Also, the developing healthcare infrastructure will contribute to the regional market's growth.
The key players operational in the global orthopedic implants market include DePuySynthes, Zimmer Biomet Holdings, Inc., Smith & Nephew plc, Stryker Corporation, Wright Medical Group N.V, Aesculap Implant Systems, Integra LifeSciences Holdings Corporation, Conmed Corporation, and Medtronic Plc.
For more info @ https://www.reportocean.com/industry-verticals/details?report_id=4615