Orthopedic Implants Market Overview:
The global market for orthopedic implants was valued at USD 47,283 million in 2017 and is expected to yield USD 75,797 million for 2025, with a CAGR of 7% for the 2018-2025 forecast period.
These implants are designed to treat deformities, stabilize body posture and restore normal skeletal function. The market for orthopedic implants has gone from conventional surgical procedures to the use of modern fixation devices and prostheses. The demand for orthopedic implants has increased significantly, due to the increase in the geriatric population, which increases the risk of osteoporosis, osteoarthritis, technological innovations in orthopedic implants and other musculoskeletal disorders.
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Orthopedic Implants Market – Growth Drivers and Challenges:
The impact of the driving factors is expected to surpass the effect of restraints. Moreover, increase in R&D in orthopedic implants and the untapped emerging economies are expected to provide new market opportunities to orthopedic implants manufacturers in the near future.
Geographical Analysis of Orthopedic Implants Market:
The increase in the incidence of orthopedic diseases and the rapid adoption of orthopedic implants for their treatment are driving the growth of the orthopedic implant market in LAMEA. However, Latin American countries have a low gross income, which reduces spending on the development of new methods and devices for the treatment of orthopedic diseases. The lack of health facilities and the increased need for orthopedic treatment devices have increased the penetration of key players in the Middle East. However, the growth of the market is driven by the improvement of the health infrastructure and the increase in disposable income. The Middle East is expected to post the highest CAGR of 8.3% from 2018 to 2025.
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Some of the Prominent Players in Orthopedic Implants Market are:Zimmer Biomet, DePuy Synthes, Stryker, Smith & Nephew, Medtronic, NuVasive, Globus Medical, B. Braun Aesculap, Wright Medica, Acumed, MicroPort, Orthofix, Weigao Ortho, LINK, Johnson & Johnson, Naton, Arthrex, Komal Health Care
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