Orthopedic implants are medical devices which are used to support or replace damaged joints or bones. These implants are fabricated using several materials, namely titanium, stainless steel, and other plastic materials. These implants play a vital role in addressing several musculoskeletal conditions, by restoring mobility and reducing pain. Moreover, these implants further assists in treating deformities, restore normal skeletal function and stabilizing body posture among others. The global market is driven by growing geriatric population, and increasing incidences of osteoarthritis, & osteoporosis worldwide.
Moreover, rising medical tourism and advancements in technology has been crucial in contributing to the growth of the global market. For instance, advent of 3D printing technology has gained immense popularity among medical device manufacturers for fabrication of patient-specific implants, prototypes and biodegradable implants among others. However, high costs associated with procedures involving utilization of orthopedic implants coupled with stringent government regulations is likely to restrain the market to a certain extent.
Major Key Players of the Orthopedic Implants Market are:
Zimmer Biomet, Stryker, Smith & Nephew, DePuy Synthes , NuVasive, Medtronic, DJO Global, Arthrex, Inc., Globus Medical and B. Braun Melsungen AG among others
Read More @ http://www.sbwire.com/press-releases/orthopedic-implants-market-to-witness-an-outstanding-growth-during-2019-2030-zimmer-biomet-stryker-smith-nephew-1279608.htm
Read More @ http://www.sbwire.com/press-releases/orthopedic-implants-market-to-witness-an-outstanding-growth-during-2019-2030-zimmer-biomet-stryker-smith-nephew-1279608.htm
Moreover, rising medical tourism and advancements in technology has been crucial in contributing to the growth of the global market. For instance, advent of 3D printing technology has gained immense popularity among medical device manufacturers for fabrication of patient-specific implants, prototypes and biodegradable implants among others. However, high costs associated with procedures involving utilization of orthopedic implants coupled with stringent government regulations is likely to restrain the market to a certain extent.
Major Key Players of the Orthopedic Implants Market are:
Zimmer Biomet, Stryker, Smith & Nephew, DePuy Synthes , NuVasive, Medtronic, DJO Global, Arthrex, Inc., Globus Medical and B. Braun Melsungen AG among others
Read More @ http://www.sbwire.com/press-releases/orthopedic-implants-market-to-witness-an-outstanding-growth-during-2019-2030-zimmer-biomet-stryker-smith-nephew-1279608.htm
Market Industry Reports (MIR) has published a new report titled "Orthopedic Implants Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030." According to the report, the global orthopedic implants market is anticipated to grow at a CAGR of 6.2% from 2019 to 2030.
The continual growth of the orthopedic implants market can be attributed to several factors which have led to wide scale adoption of these products which are extensively used to improve body posture, treat deformities and other forms of musculoskeletal conditions among patients. Moreover, the growing geriatric population across the globe and rising medical tourism are anticipated to further contribute to the substantial growth of the global orthopedic implants market between 2019 and 2030. To obtain better insights regarding the market scenario prominent players are increasingly focusing on collaborative initiatives with several institutes and research centers. The University of Sheffield, has entered into a partnership with JRI Orthopaedics Ltd, a surgical instruments and orthopedic implants company, to improve the overall scope of technology and research in the field of orthopedics.
The continual growth of the orthopedic implants market can be attributed to several factors which have led to wide scale adoption of these products which are extensively used to improve body posture, treat deformities and other forms of musculoskeletal conditions among patients. Moreover, the growing geriatric population across the globe and rising medical tourism are anticipated to further contribute to the substantial growth of the global orthopedic implants market between 2019 and 2030. To obtain better insights regarding the market scenario prominent players are increasingly focusing on collaborative initiatives with several institutes and research centers. The University of Sheffield, has entered into a partnership with JRI Orthopaedics Ltd, a surgical instruments and orthopedic implants company, to improve the overall scope of technology and research in the field of orthopedics.
Read More @ http://www.sbwire.com/press-releases/orthopedic-implants-market-to-witness-an-outstanding-growth-during-2019-2030-zimmer-biomet-stryker-smith-nephew-1279608.htm
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