Global Orthopedic Implants Market 2019-2023
About this market
The market is witnessing significant technological advances in terms of technology, materials, surgical techniques, methods of fixation and sterilization of prostheses, preoperative management, and methods of preventing complications. The manufactures have made significant improvements to implant materials and processing methods of implant parts, which has made them more reliable, durable and long- lasting. Technavio’s analysts have predicted that the orthopedic implants market will register a CAGR of over 4% by 2023.
Rising number of orthopedic implant surgeries
The number of orthopedics implant surgeries such as knee replacement, hip replanted, shoulder replacement, spinal implant, ad craniomaxillofacial implant procedures performed worldwide is one of the rise.
High cost of implants coupled with decreasing reimbursement
High cost of implants and declining reimbursements for joint reconstruction for joint reconstruction/ replacement procedures are deterring their widespread adoption among end- users. This is restricting the market growth.
For the detailed list of factors that will drive and challenge the growth of the orthopedic implants market during the 2019-2023, view our report.
The global orthopedic implants market is highly concentrated. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Technavio Announces the Publication of its Research Report – Global Orthopedic Implants Market 2019-2023
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the growing focus on robotic orthopedic implantation surgeries.”
According to the report, one of the major drivers for this market is the increased prevalence of orthopedic diseases, which, in turn, is driving the market growth.
Further, the report states that one of the major factors hindering the growth of this market is the limitations and complications associated with orthopedic implant surgeries.
B. Braun Melsungen
Johnson & Johnson
Smith & Nephew
Wright Medical Group
and Zimmer Biomet
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