NEW YORK , Aug. 17, 2022 /PRNewswire/ -- The latest market analysis report titled Orthopedic Implants Market by Product and Geography - Forecast and Analysis 2022-2026 has been recently added to Technavio's catalog. The report predicts the market to witness an accelerating growth momentum at a CAGR of 7.73%. The analysts at Technavio have categorized the global orthopedic implants market as a part of the global healthcare equipment market. Our report provides extensive information on the value chain analysis for the orthopedic implants market, which vendors can leverage to gain a competitive advantage during the forecast period. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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"Few of the primary growth drivers for this market are the high prevalence of osteoporosis, rise in the incidences of knee injuries, and surge in lucrative opportunities in emerging economies," says a senior analyst for the health care industry at Technavio. The rising prevalence of orthopedic conditions such as fractures caused by sports injuries, spinal deformities and scoliosis, tendon injuries, degeneration of the disc, and others has increased the demand for orthopedic implants. The lucrative market landscape is further prompting vendors to innovate and launch new products, which will help them capture a larger customer base. In addition, The rising number of strategic alliances is a key orthopedic implants market trend that is expected to have a positive impact in the coming years. Strategic alliances can help companies that manufacture medical equipment to explore additional opportunities without incurring a considerable financial burden.
However, the high costs associated with orthopedic implants and procedures will be a major challenge for the orthopedic implants market during the forecast period. Orthopedic implants are used for the treatment of orthopedic conditions related to joint, spine, and maxillofacial injuries. The cost of such equipment depends on applications and features and varies based on their type. Such factors are expected to limit the market's growth during the forecast period.
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Orthopedic Implants Market Segment Highlights
The orthopedic implants market has been segmented by product into Joint reconstruction implants, Spinal implants, and Craniomaxillofacial implants.
The orthopedic implants market share growth in the joint reconstruction implants segment will be significant during the forecast period.
Factors such as the increasing number of orthopedic conditions, including knee and hip fractures, new product launches, the growing trend of robotic surgeries, and the presence of established players with a strong product portfolio will boost the growth of this segment during the forecast period.
The increasing prevalence of orthopedic conditions such as osteoporosis, arthritis, hip and knee injuries, and bone deformities will augment the demand for joint reconstruction implants during the forecast period.
38% of the market's growth will originate from North America during the forecast period.
US and Canada are the key markets for orthopedic implants in North America . Market growth in this region will be slower than the growth of the market in the European and Asian regions.
The rising prevalence of orthopedic conditions, product launches, favorable reimbursement for orthopedic implants, and initiatives by governments and non-profit organizations for creating awareness about orthopedic conditions will facilitate the orthopedic implants market growth in North America over the forecast period.
Germany , the UK, and China are other revenue-generating economies for the orthopedic implants market.
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The orthopedic implants market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The orthopedic implants market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
The research report offers information on several market vendors, including Amplitude SAS, Arthrex Inc., B. Braun SE, Conmed Corp., Corin Group Plc, Globus Medical Inc., icotec AG, Integra LifeSciences Corp., Johnson and Johnson, Medtronic Plc, Mighty Oak Medical, Naton Medical Group, Nuvasive Inc., Orthofix Medical Inc., OrthoPediatrics Corp., Pega Medical Inc., RTI Surgical Inc., Smith and Nephew plc, Stryker Corp., and Zimmer Biomet Holdings Inc.
Companies in the market are offering innovative solutions to strengthen their market positions. For instance, Amplitude SAS operates in a unified segment focused on offering diversified products catering orthopedic industry. The company offers orthopedic implants such as Airlock, Nexis, CentroLock, Pecaplasty, Peca, and Lync.
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Accelerate at a CAGR of 7.73%
North America, Europe, Asia, and Rest of World (ROW)
US, Canada, Germany, UK, and China
Leading companies, competitive strategies, consumer engagement scope
Amplitude SAS, Arthrex Inc., B. Braun SE, Conmed Corp., Corin Group Plc, Globus Medical Inc., icotec AG, Integra LifeSciences Corp., Johnson and Johnson, Medtronic Plc, Mighty Oak Medical, Naton Medical Group, Nuvasive Inc., Orthofix Medical Inc., OrthoPediatrics Corp., Pega Medical Inc., RTI Surgical Inc., Smith and Nephew plc, Stryker Corp., and Zimmer Biomet Holdings Inc.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, and market condition analysis for the forecast period.
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Browse Technavio's Healthcare Industry Reports
3.4 Market outlook: Forecast for 2021-2026
5.3 Joint reconstruction implants - Market size and forecast 2021-2026
5.4 Spinal implants - Market size and forecast 2021-2026
5.5 Craniomaxillofacial implants - Market size and forecast 2021-2026
7.3 North America - Market size and forecast 2021-2026
7.4 Europe - Market size and forecast 2021-2026
7.5 Asia - Market size and forecast 2021-2026
7.6 Rest of World (ROW) - Market size and forecast 2021-2026
7.7 US - Market size and forecast 2021-2026
7.8 Germany - Market size and forecast 2021-2026
7.9 China - Market size and forecast 2021-2026
7.10 UK - Market size and forecast 2021-2026
7.11 Canada - Market size and forecast 2021-2026
8.3 Impact of drivers and challenges
11.3 Currency conversion rates for US$
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contact Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/ Newsroom:https://newsroom.technavio.com/news/orthopedic-implantsmarket
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