Global Orthopedic Implants Market 2019-2023| Key Factors Driving Growth| Technavio

Jan. 10, 2019 14:54 UTC

LONDON--(BUSINESS WIRE)-- The global orthopedic implants market is expected to post a CAGR of over 4% during the period 2019-2023, according to the latest market research report by Technavio.

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Technavio has released a new market research report on the global orthopedic implants market for the ...

Technavio has released a new market research report on the global orthopedic implants market for the period 2019-2023 (Graphic: Business Wire)

A key factor driving the growth of the market is the technological advances and new product launches. In terms of technology, materials, surgical techniques, methods of fixation and sterilization of prostheses preoperative management, and methods of preventing complications, the market is witnessing significant technological advances. Manufactures have made significant enhancements to implant materials and processing methods of implant parts, which has made them more reliable, durable, and long-lasting. For example, manufacturers are developing implants made of a new type of plastic called the highly cross-linked polyethylene which will significantly slow down the wearing out of implants.

As per Technavio, the increasing number of outpatient orthopedic implant surgeries will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global orthopedic implants market 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

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Global orthopedic implants market: Increasing number of outpatient orthopedic implant surgeries

An increasing number of arthroplasty surgeons have been performing outpatient orthopedic implantation procedures without serious medical or psychiatric comorbidities, over the past few years. Factors such as advances in surgical techniques, implants, comprehensive blood management, multimodal pain management, and post-operative care management have significantly reduced the duration of stay in hospital and nearly eliminated the need for extensive formal rehabilitation. For example, technology advances in minimally invasive spine surgery enables the patients to undergo spine surgery and return home the same day.

“Several end-users prefer outpatient orthopedic implantation procedures over inpatient procedures due to various advantages, including shorter hospital stay, increased patient satisfaction, and reduced costs to the healthcare system and the patient. In outpatient orthopedic implantation procedures, there is a reduced chance of contracting hospital-acquired infections which improves surgery outcomes,” says a senior analyst at Technavio for research on human machine interface.

Global orthopedic implants market: Segmentation analysis

This market research report segments the global orthopedic implants market by product (joint reconstruction implants, spinal implants, and craniomaxillofacial implants) and geographical regions (APAC, EMEA, and the Americas).

The joint reconstruction implants segment held the largest market share in 2018, accounting for over 68% of the market. This product segment is expected to dominate the global market throughout the forecast period.

The Americas led the market in 2018 with a market share of nearly 57%. This region is expected to dominate the market through 2023, with nearly 2% increase in its market share.

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Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides 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 10,000 reports and counting, covering 800 technologies, spanning across 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.

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Source: Technavio Research

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Technavio has released a new market research report on the global orthopedic implants market for the period 2019-2023 (Graphic: Business Wire)

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