With major cause of amputation being associated with diseases apropos of ageing such as rheumatoid arthritis, osteoarthritis, bursitis, and tendinitis, orthopedic implant manufacturers continue to seek a plethora of opportunities in tandem with the rise in geriatric population worldwide. Acquisition of the privately developed models as well as niche players is one of the key strategies adopted by the prominent orthopedic implants manufacturers for expanding their occupancy in the orthopedic implants market.
Tier 1 companies in the orthopedic implants market are fiercely competing for gaining higher shares by introducing high-end products. Rapid rate of the co-morbidities that include obesity and diabetes have been adding to the risk of degenerative joint diseases, especially in the older population. With young people engaging more in sports and fitness activities, relevant injuries are also increasing in number. This has further created demand for orthopedic implants worldwide.
According to a recent Fact.MR study, the orthopedic implants market will record an impressive 6.5% CAGR between the forecast period 2018 and 2027. Governments and leading market players are taking efforts for spreading the awareness on treatment options for bone injuries such as orthopedic implants, which serve as a relieving solution to arthrodesis. These efforts are likely to augment hospital admissions, thereby underpinning the market growth in return. On the contrary, shortage of skilled surgeons, unfavorable reimbursement policies, and regulatory barriers related to product approvals continue to deter growth of the orthopedic implants plants.
Orthopedic Implants Market: 3D Printing, Smart Sensors, Robotics – Technological Developments aid Growing Demand
While an ageing demographic and medical innovation continue to be key growth determinants for the orthopedic implants market, lack of exercise and obesity also contribute to high rate of degenerative bone diseases, and osteoarthritis. This has driven demand for orthopedic implants across the globe. Demand for trauma-related orthopedic implants has also been observed to be robust, with increases cases of sporting accidents and road collisions.
Recognizing the rising demand, manufacturers of orthopedic implants have developed new technologies to cater the requirement, meanwhile enhancing their product penetration and market reach. Customized orthopedic implants produced by using 3D printing technology are potent in reducing the surgery cost and duration, and offer a relatively long-term stability. 3D printing technology is being leveraged by top companies in the orthopedic implants market to improve integration between metal and bone, in case of implants with the size-controlled micro-pore structures, as well as for surgical tools and anatomical models.
Modern orthopedic implants also feature embedded sensors that offer surgeons with real-time data, assisting them to improve the post-operative evaluation and positioning of the implants. Smart-sensor enabled technology is likely to gain high popularity in the orthopedic implants market, as it hold high potential in addressing problems associated with periprosthetic infection. Robotic devices are also gaining increased momentum in the orthopedic implants market, as they facilitate surgeries to be carried out with greater reproducible precision and smaller incisions. However, high cost of these devices might deter their adoption in the orthopedic implants market.
Orthopedic Implants Market: Regulatory Barriers and Compliance Requisites to Constrain Growth Prospects
Limited reimbursement coverage options have persisted as a major challenge faced by patients in the orthopedic implants market. Risks such as metal implants-associated adverse effects, implant dislocations, post-surgery infections, wear debris, and hypersensitivity have been endangering the patient outcomes, which in turn has led to increased incidences of product recalls. Regulatory bodies have therefore enforced stringent product approval procedures, with patient safety being the primary agenda, which in turn has resulted in delayed timelines of product approval.
Current stringent regulatory framework is likely to confine growth prospects of the orthopedic implants market to a significant extent in the forthcoming years. Requirement of high, initial investment and regulatory compliance requisites have been restricting entry of new participants in the orthopedic implants market. Nature of the orthopedic implants market remains fragments and competitive, with the wide distribution network and strong brand identity of few existing international players retaining their pervasive dominance.
Orthopedic Implants Market: Growth Driven by Higher Patient Acceptance for Implants Integrated with Imaging Techniques
Dramatic paradigm shift from the conventional invasive surgical procedures toward minimally invasive procedures adopted in the treatment of various orthopedic diseases or disabilities has been positive impacting growth of the orthopedic implants market recently. Additionally, the orthopedic implants market has been witnessing the generation of personalized and innovative 3D-printed orthopedic implants integrated with assistive imaging techniques, including (but not limited to) magnetic resonance imaging and computed tomography.
These imaging techniques employed for creating surgical designs with precision, in combination with the advent of advanced robot-assisted surgical tools have been augmenting the patient acceptance, in turn furthering growth of the orthopedic implants market. Similarly, widespread applicability of the bone grafts across a variety of applications, such as spine surgeries, traumatology, and oncology, will continue to proliferate sales of orthopedic implants in the upcoming years.
Note: The insights mentioned here are of the respective analysts, and do not reflect the position of Fact.MR
The orthopedic implants market is expected to witness emergence of several trends that will likely shape the demand and supply scenario of orthopedic implants across the globe. A new and interesting study by Fact.MR throws light on some of the trends that are anticipated to shape the future of the orthopedic implants market, thereby throwing enormous growth opportunities in the way of manufacturers of orthopedic implants.
The orthopedic implants market report is a coherent market intelligence on the key revenue growth drivers, industry opportunities, industry trends, and challenges that will eventually impact the growth trajectory of the orthopedic implants market. An overview of the orthopedic implants market – in the light of the current global healthcare industry scenario – reveals interesting facets pertaining to the adoption of orthopedic implants across key regional markets.
An assessment of some of the orthopedic implants market indicators provides detailed insights derived from the global orthopedic implants supply chain analysis, value chain analysis, and the business performance of orthopedic implants across the various regional orthopedic implants markets. A list of the top companies currently engaged in the orthopedic implants market adds more credibility to this extensive market study.
Orthopedic Implants Market: Exhaustive Research Using Proven & Tested Methodology
This comprehensive research publication on the orthopedic implants market is underpinned by certain proven and robust research methodologies and assessment factors. The analysts at Fact.MR have leveraged key orthopedic implants market indicators and studied the intricate aspects of the orthopedic implants market to provide in-depth insights on the performance of the orthopedic implants market during the period of forecast.
An investment feasibility matrix provides vital information to manufacturers of orthopedic implants regarding which key regional markets they need to put their money in. Porter’s Five Forces Analysis has been deployed to study the competitive forces impacting the growth in revenue of the orthopedic implants market; while the PESTLE analysis studies the external factors influencing the orthopedic implants market.
Orthopedic Implants Market: Scope of the Report
This report also provides detailed information on the different forecast factors impacting demand, adoption, and revenue growth of orthopedic implants across the globe. A technology roadmap has been included for the benefit of the readers, to help them understand the technological advances in the healthcare sector that are expected to trigger the adoption of orthopedic implants across the healthcare industry.
Any research study would be incomplete without a detailed cost structure analysis and this report on the orthopedic implants market analyzes the cost structure of orthopedic implants across the important regional markets. The analysts have also carried out a detailed forecast of the orthopedic implants market scenario, and have categorized their forecasts on the basis of an optimistic scenario, a likely scenario, and a conservative scenario of orthopedic implants production and sales during the period of study.
Price point analysis and assessment by region and by the different types of orthopedic implants along with details of the factors influencing pricing is also highlighted in this report on the orthopedic implants market for more clarity.
Orthopedic Implants Market: Market Size and Forecast Analysis
The current and future outlook of the orthopedic implants market comprising the current and projected market value, volume forecast and analysis, price index, and assessment of the regional demand for orthopedic implants has been extensively covered in a dedicated section of this report on the orthopedic implants market. The valuation of the global as well as regional markets for orthopedic implants is captured in US$ Million and the volume data is captured in terms of the number of orthopedic implants produced and sold in the global market.
A year-on-year growth comparison based on the design of orthopedic implants along with a market attractiveness analysis quantifies the insights presented in the report. The aforementioned metrics have also been tracked on the basis of the type of orthopedic implants, manufacturers of orthopedic implants, and application of orthopedic implants.
Orthopedic Implants Markets: In-Depth Regional Assessment
The report on the orthopedic implants market includes detailed sections that present the forecast for the various regional markets for orthopedic implants. These sections throw light on the regional macros (political, economic, and business environment outlook) that will definitely impact the growth in sales of orthopedic implants.
Market valuation, volume forecast and analysis, price index and price point assessment, impact assessment of orthopedic implants market factors, and a country wise assessment of the demand for orthopedic implants have been tracked for each regional orthopedic implants market. Besides this, the Y-o-Y growth projections by orthopedic implants type, design, service provider, and application for all the regional markets for orthopedic implants are included in this study.
Orthopedic Implants Market: Assessment on Competitive Landscape
This Fact.MR report on the orthopedic implants market features a section on the companies currently operating in the orthopedic implants market. A dashboard view of competition includes important information on the preeminent players engaged in the manufacturing and distribution of orthopedic implants across key regional markets. Market share analysis of these top players presents the readers with useful insights on which company is currently dominating the orthopedic implants market.
Prominent company profiles are also included in this section with details such as orthopedic implants production facilities along with a detailed SWOT analysis. A market intensity mapping of key participants in the orthopedic implants market provides useful information for orthopedic implants market players to understand the current orthopedic implants market structure as well as the various forces determining competition levels in the orthopedic implants market.
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