Orthopedic Implants Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product (Plates and Screws, Nails and Rods, Pins and Wires, Others); Application (Reconstructive Joint Replacements, Spine Implants, Dental Implants, Trauma Implants, Orthobiologics, Others); End-user (Hospitals, Orthopaedic Clinics, Ambulatory Surgical Centres, Others) and Geography
Report Code: TIPRE00024316 No. of Pages: 150 Category: Medical Device Status: Upcoming
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MARKET OVERVIEW
Orthopedic implants are surgically placed inside the body to replace or support a missing or damaged bone or joint. They are manufactured by using stainless steel and titanium alloys, as well as ceramics and polymers. These are used to stabilize body posture, treat deformities, and restore normal skeletal function. These implants have broad applications in orthopedic injuries, fractures, and other areas. They can be permanently placed inside the human body or withdrawn after the desired result.
MARKET SCOPE
The "Global Orthopedic Implants Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the orthopedic implants market with detailed market segmentation by product, application, end user, and geography. The report provides key statistics on the market status of the leading orthopedic implants market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
MARKET DYNAMICS
Drivers:
Restraints:
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The orthopedic implants market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the orthopedic implants market in these regions.
IMPACT OF COVID-19ON ORTHOPEDIC IMPLANTS MARKET
COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The pandemic outbreak had significantly affected the market due to worldwide lockdown; there were fewer road accidents and associated injuries. The treatment of various orthopedic disorders was delayed as the appointments were postponed and canceled. All the focus was shifted towards COVID-19 patients, which affected the orthopedic implants market growth. Moreover, the outbreak has also disrupted the supply chain, put restrictions on trade, and caused a lack of workforce, thereby affecting the business and negatively impacting the market growth. However, the market may experience growth after the upliftment of imposed restrictive measures and companies resuming their operations and adapting to the new normal.
The report covers key developments in the orthopedic implants market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from orthopedic implants market are anticipated to have lucrative growth opportunities in the future with the rising demand for orthopedic implants in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the orthopedic implants market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
Orthopedic implants are surgically placed inside the body to replace or support a missing or damaged bone or joint. They are manufactured by using stainless steel and titanium alloys, as well as ceramics and polymers. These are used to stabilize body posture, treat deformities, and restore normal skeletal function. These implants have broad applications in orthopedic injuries, fractures, and other areas. They can be permanently placed inside the human body or withdrawn after the desired result.
MARKET SCOPE
The "Global Orthopedic Implants Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the orthopedic implants market with detailed market segmentation by product, application, end user, and geography. The report provides key statistics on the market status of the leading orthopedic implants market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on product, the global orthopedic implants market is segmented into plates and screws, nails and rods, pins and wires, others.
- Based on application, the market is segmented into reconstructive joint replacements, spine implants, dental implants, trauma implants, orthobiologics and others.
- On the basis of end-users, the market is bifurcated into hospitals, orthopaedic clinics, ambulatory surgical centres and others.
MARKET DYNAMICS
Drivers:
- Rise in incidences of orthopedic diseases.
- Rise in the geriatric population.
- Technological advancements in the field of orthopedic implants, such as robot-assisted surgical tools.
- Rise in orthopedic implants adoption.
Restraints:
- High costs of orthopedic implant procedures.
- Stringent government policies for approval.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The orthopedic implants market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the orthopedic implants market in these regions.
IMPACT OF COVID-19ON ORTHOPEDIC IMPLANTS MARKET
COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The pandemic outbreak had significantly affected the market due to worldwide lockdown; there were fewer road accidents and associated injuries. The treatment of various orthopedic disorders was delayed as the appointments were postponed and canceled. All the focus was shifted towards COVID-19 patients, which affected the orthopedic implants market growth. Moreover, the outbreak has also disrupted the supply chain, put restrictions on trade, and caused a lack of workforce, thereby affecting the business and negatively impacting the market growth. However, the market may experience growth after the upliftment of imposed restrictive measures and companies resuming their operations and adapting to the new normal.
The report covers key developments in the orthopedic implants market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from orthopedic implants market are anticipated to have lucrative growth opportunities in the future with the rising demand for orthopedic implants in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the orthopedic implants market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Smith and Nephew Plc.
- Zimmer Biomet Holdings, Inc.
- Stryker Corporation
- Johnson & Johnson (DePuy Synthes)
- Medtronic
- Wright Medical Group N.V.
- Arthrex, Inc.
- CONMED Corporation.
- Globus Medical Inc.
- DJO Finance LLC