List of the key players in this market include:ĭePuy Synthes Companies (Johnson & Johnson Services, Inc.) Quick Buy - Orthopedic Implants Market Research Report:
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Some other players are engaging in sprucing up their research capacities through commissioning of trials and studies.įor example, in September 2019, Medtronic’s clinical trial for testing its spine correction surgical procedure, Infuse Bone Graft in Transforaminal Lumbar Interbody Fusion (TLIF), was green lit by the FDA. For instance, in September 2019, Zimmer Biomet, after receiving FDA approval, commercially released its customizable revision knee replacement device called Persona Revision Knee System for patients in the US. Key players are looking to gain an edge in the competition through development and launch of new products. New Product Launches to Intensify Market Competition However, the market growth in Africa, Latin America, and the Middle East is anticipated to be slow due to low levels of development in these regions. In Asia-Pacific, rise in healthcare expenditure and increasing disposable incomes will propel the market in the region, as per the orthopedic implants market analysis by Fortune Business Insights. Europe is projected to grow at a considerable rate on account of rapid spread of chronic diseases such as diabetes and obesity in the continent. North America to Hold a Commanding Position Europe to Grow at an Impressive RateĪmong regions, North America is expected to dominate the global orthopedic implants market share owing to the increasing incidence of osteoarthritis in the region. To get the short-term and long-term impact of COVID-19 on this Market. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future. We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Overall, almost every sector is anticipated to be impacted by the pandemic. There are some industries that are struggling and some are thriving. Rising support from governments and several companies can help in the fight against this highly contagious disease. We understand that this health crisis has brought an unprecedented impact on businesses across industries. The emergence of COVID-19 has brought the world to a standstill. According to the WHO, between 20% and 33% of the world’s population is currently suffering from some painful and chronic musculoskeletal disease.Īn Overview of the Impact of COVID-19 on this Market:
Disorders related to these movements are increasing in prevalence, as stated by the World Health Organization (WHO). Musculoskeletal conditions refer to disorders that adversely affect the locomotor system in the body, that is, bones, muscles, joints, ligaments, and tissues. Widespread Prevalence of Musculoskeletal Conditions to Spike Market Demand Profile of all the companies operating in the market.Įlaborate data about the dominating region.Ĭompetitive landscape consisting of mergers & acquisitions, investments, partnerships, new product launches, opening of new facilities, and new contracts.
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In-depth analysis of the growth drivers and obstacles. Request a Sample Copy of the Research Report: Īnalysis of the impact of Covid-19 that the market would face in the near future. This is expected to substantially broaden the base of the market, especially the joint reconstruction segment, as per the orthopedic implants market trends. This, the USCB states, is attributable to the reduction in fertility rates around the world and lengthening lifespans due to advancements in medical technologies.
The USCB predicts that between 20, this geriatric population will double to reach 1.6 billion, whilst the total population will grow only by 34%. In 2015, the number rose by 55 million, with the percentage increasing to 8.5% of the total population in a span of 3 years.