Orthopedic implants are the medical devices that are specially designed to replace the missing bone or damaged joint in order to support the injured bone. These medical implants are majorly manufactured with the help of titanium alloys and stainless steel for optimal strength and also the plastic coating done on it plays a major role as the artificial cartilage. These implants play crucial role in the fixation process. The selection of material of the implant is important since it highly reflects the biocompatibility, rigidity, corrosion, and the tissue receptivity. While all this, it surface morphology impacts its stability in the skeleton and the nearby cement mantle. An ideal orthopedic implant holds the following features; chemically inert, completely biocompatible, optimal strength, resistant to high fatigue, low elastic modulus, complete corrosion-proof, better wear resistance, and cost efficient.
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.
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
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