December 6, 2019 by Mike Williams
The orthopedic implants market accounted for $45,901 million in 2017 is expected to reach $66,636 million by 2025, registering a CAGR of 4.7% from 2018 to 2025.
Orthopedic implants are medical devices that are used to replace or provide support to damaged bones or joints. These are fabricated using stainless steel and titanium alloys for strength, with plastic coating that acts as an artificial cartilage. These implants are applicable in orthopedic injuries, treatment of several types of arthritis, fractures etc. Orthopedic implants also useful in the joint replacement surgery, which is performed to remove the damaged joint and replace it with a new joint, called prosthesis. The remarkable shift from traditional invasive procedures to minimal invasive surgeries has positively impacted the market growth.
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Major factors such as rise in prevalence of orthopedic injuries or diseases and rapid increase in the aging population globally drive the market. In addition, technological innovations in the orthopedic implants industry, acceptance for implantable medical devices, and improvement of healthcare infrastructure in the emerging countries further supplement the market growth. However, high cost associated with procedures involving orthopedic implants treatment and stringent government policies hamper the market growth. Furthermore, the emerging economies present lucrative opportunities to the market.
This report segments the orthopedic implants market on the basis of product type, type, material type, and region to provide a detailed assessment of the market. Based on product type, the market is divided into reconstructive joint replacements, spinal implants, dental implants, trauma, orthobiologics and others. On the basis of type, the market is segmented into knee, hip, wrist & shoulder, dental, spine, ankle, and others. Depending on material type, it is differentiated into metallic biomaterials, ceramic biomaterials, polymers biomaterials, and others. The metallic biomaterials is further segmented into stainless steel, titanium alloy, cobalt alloy, and others.
Based on region, the market is studied across North America (U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, Australia, India, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
KEY MARKET BENEFITS
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KEY MARKET SEGMENTS
BY Product Type
o Reconstructive Joint Replacements
§ Knee Replacement Implants
§ Hip Replacement Implants
o Upper Extremity
o Lower Extremity
o Spinal Implants
§ Spinal Fusion Devices
• Thoracolumbar Devices
• Cervical Fixation Devices
• Interbody Fusion Devices
§ Vertebral Compression Fracture (VCF) Devices
• Balloon Kyphoplasty Devices
• Vertebroplasty Devices
§ Motion Preservation Devices/Non-Fusion Devices
• Dynamic Stabilization Devices
• Artificial Disc Replacement Devices
• Annulus Repair Devices
• Nuclear Disc Prostheses
§ Invasive Spinal Bone Stimulators
o Dental Implants
§ Root Form Dental Implants
§ Plate Form Dental Implants
§ Demineralized Bone Matrix (DBM)
§ Bone Morphogenetic Protein (BMP)
§ Viscosupplementation Products
§ Synthetic Bone Substitutes
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o Metallic Biomaterials
• Stainless steel
• Titanium Alloy
• Cobalt Alloy
o Polymeric Biomaterials
o Ceramic Biomaterials
o Wrist & Shoulder
o North America
§ Rest of Europe
§ Rest of Asia-Pacific
§ Saudi Arabia
§ South Africa
§ Rest of LAMEA
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