Orthopedic implants market size is set to reach USD 6,894.2 million by 2026 growing at a CAGR of 5.1% during the forecast period according to a new study published by Polaris Market Research. The report ‘Orthopedic Implants Market Share, Size, Trends & Industry Analysis Report, By Application (Spinal, Hip, Knee, Dental, Craniomaxillofacial and S.E.T (Sports Medicine, Extremities, and Trauma)) and by Regions, Segment Forecast 2019-2026’ provides a detailed analysis of present market strengths and future market trends.
Market success of orthopedic Implants is entrenched in a
rising geriatric population with an increasing life-span affected by
musculoskeletal disorders such as osteoporosis, osteoarthritis and others.
Technological innovations also have seen a steady rise in orthopedic medical
implants market. Increasing number of joint replacement cases and sport
injuries across the globe will catapult market to leading
growth.
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The center for health design has predicted elderly
population to double in coming years. For instance; Japan and South Korea have
a life expectancy of 83.7 years and 82.3 years respectively. Surplus Government
investments in medical industry and supportive Government opinions in use of
implants have directed massive growth for market in coming years.
Increasing investments by Government in healthcare and in doting company with a well-developed healthcare infrastructure add momentum to market in North America and Canada. Asia Pacific offers key players operating in market a thriving opportunity due to a high population base, high awareness regarding orthopedic implants, surge in healthcare infrastructure and rise in geriatric population. The key players operating in the orthopedics Implants market include Johnson and Johnson, Zimmer Biomet Holdings, Inc., Stryker Corporation and Medtronic PLC among others.
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Segmentation of Orthopedic Implants Market is as follows
Orthopedic Implant Application Type Outlook (Revenue USD Millions 2015-2026)
·
Spinal
·
Hip
·
Knee
·
Craniomaxillofacial
·
Dental Orthopedic
·
E.T (Sports Medicine,
Extremities, Trauma) Orthopedic
Orthopedic Implants Regional Outlook (Revenue USD Millions
2015-2026)
·
North America (U.S.,
Canada)
·
Europe (Germany, UK,
France, Italy, Spain)
·
Asia-Pacific (China,
Japan, India)
·
Latin America (Brazil,
Mexico)
·
Middle East and Africa
·
