Orthopedic Implants Market Global Research, Company & Opportunities Analysis With DePuy Synthes Companies, Globus Medical, NuVasive, Smith & Nephew, Stryker
Global orthopedic implants market is estimated to reach USD 67.05 million by 2026, registering a steady CAGR of 4.3% in the forecast period of 2019-2026. This rise in incidence of orthopedic diseases coupled with growing ageing population, improved healthcare facilities in developing countries
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It is a device which is placed into the body; it is designed to restore function by replacing or reinforcing a damaged structure. It is used in the treatment of back pain, orthopedic implants like bone plates and bone screws are used in spinal fusion surgery and fixation of fractured bone segments, as well as implant components used for hip and joint replacement. According to The University of Salford, up to 70 per cent of individuals develop lasting symptoms such as the ankle feeling unstable or starting to give way and are vulnerable to recurrent sprains. This significant number is expected to act as a driver to the market growth.
Key Market Competitors: Global Orthopedic Implants Market
Few of the major competitors currently working in the orthopedic implants market are
Depuy Synthes Inc. (Johnson & Johnson),
Globus Medical
NuVasive
Smith & Nephew
Stryker
Other: Zimmer Biomet Holdings, Inc., Integra LifeSciences Corporation, Medtronic, The Orthopedic Implant Company, Wright Medical Group N.V., Aesculap Implant Systems, LLC, BioTek Instruments, Inc., Conmed Corporation, Arthrocare Corporation, and others.
Market Drivers
Technological advancements in the field of orthopedic implants
Global rise in acceptance of orthopedic implants
Improved healthcare facilities in developing countries
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Segmentation: Global Orthopedic Implants Market
By Product Type
Reconstructive joint replacements
Knee replacement implants
Hip replacement implants
Extremities
– Shoulder reconstruction
– Elbow reconstruction
– Hand & wrist
Lower extremity reconstruction
– Foot reconstruction
– Ankle reconstruction
Spinal implants
Spinal fusion devices
– Thoracolumbar devices
– Cervical fixation devices
– Interbody fusion devices
Motion preservation devices
– Dynamic stabilization devices
– Artificial discs
– Annulus repair devices
– Nuclear disc prostheses
Vertebral compression fracture (VCF) treatment devices
– Balloon kyphoplasty devices
– Vertebroplasty devices
Invasive spinal bone stimulators
Dental Implants
Allografts
– Machined allograft
– Demineralized bone matrix (DBM)
Bone graft substitutes
– Bone morphogenic proteins (BMP)
– Synthetic bone grafts
Cell based matrices (CBM)
Orthobiologics
Trauma & Craniomaxillofacial
Screw
Plates
Staples
By End User
Hospital
Orthopedic Clinics
Home Cares
By Biomaterial
Ceramics Biomaterials
Metallic Biomaterials
Polymeric Biomaterials
Natural Biomaterials
By Geography
North America (U.S., Canada, Mexico)
South America (Brazil, Argentina, Rest of South America)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Rest of Europe)
Asia-Pacific ( Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia Pacific)
Middle East & Africa (South Africa, Egypt, Saudi Arabia, United Arab Emirates, Israel, Rest of Middle East & Africa)
Key Developments in the Market:
- In March 2019, Stryker announces clinical evidence demonstrating improved early functional recovery with mako total knee with less pain, less need for opiate analgesics, less need for in-patient physical therapy, reduction in length of hospital stay, improved knee flexion and soft tissue protection in comparison to manual techniques
- In October 2018, Johnson & Johnson medical devices companies announced that Depuy Synthes Sales, inc. has entered into an exclusive agreement with Ortho Development Corporation to co-promote in the U.S. its kasm knee articulating spacer mold; this is a sterile, disposable cement spacer mold for patients who develop an infection after primary knee replacement. This new offering builds upon depuy synthes.
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