Orthopedics is a branch of medicinal surgery
dealing with restoration & preservation of the utilities of the
musculoskeletal system. It is concerned with injuries, deformities, and
prevention of disorders of skeleton & associated structures for instance
tendons and ligaments. Orthopedic devices help in treating orthopedic injuries
& deformities such as spinal surgery, joint reconstruction, and trauma
fixation. The joint reconstruction products contain devices for elbow, hip,
knee, wrist, shoulder, ankle, and fingers. These types of medicinal implants
are fabricated with titanium & stainless-steel alloys. The implants are
coated by plastic coating and act as an artificial cartilage. The major type of
medical implants are pins, rods, plates, and screws used to anchor fractured
skeleton while they heal.
According to study, “Global
Orthopaedic Devices Market Trends and Drivers, Restraints, and Opportunities
2017-2023” some of the major companies that are currently working in
the global orthopaedic devices market are NuVasive, Inc., Zimmer Biomet
Holdings, Medtronic PLC, DePuy Synthes Inc., AMEDICA, Microport Scientific
Corporation, B. Braun Melsungen AG, Smith & Nephew, Inc., camber Spine
technologies, bioventus, Wright Medical Group, Inc., Arthrosurface, Ankita
Therapeutics, Aesculap Implant Systems LLC, BBS-Bioactive Bone Substitutes,
Baxter, 4WEB Medical, Waldemar LINK, Stryker Corp., Advanced Orthopedics,
Alphatec Spine Inc., Donjoy, Inc., Acumed Inc., TriMed Inc., Arthrex Inc.,
Barkeley Advanced Biomaterial, aap Implantate AG, Medacta, DJO Global,
AlloSource, Integra LifeSciences, ConforMIS, Inc., Globus Medical, Inc., Conmed
Corporation, Emerge Medical, Flower orthopedics, Exactech, Hip Innovation
Technology, Graftys, Internal Fixation Systems, Intelligent Implant Systems,
Keramat, ISTO Biologics, Medartis, K2M, MicroPort Scientific,, LDR Holding,
Orthofix International, OsteoMed, orthogem, RTI Surgical, Paragon 28, Spinal
Analytics & Geometrical Implant, Shoulder Innovation, Vilex, Tyber Medical,
XTANT Medical, Virak Orthopedics.
Based on type, the global orthopaedic devices
market is segmented into lower extremity devices, upper extremity devices,
spine orthopedic devices, orthobiologics (bone growth factors, bone graft
substitute and bone cement), arthroscopic devices, and braces & support
devices. Spine orthopedic devices include artificial discs, fixation nail/rod,
fixation screws, fixation plates and fixation wires. Based on product type,
market is alienated into surgical devices and accessories. Surgical devices
include guide tubes, distracters, implant holder, drill guide, custom clamps,
screw drivers and others. Accessories include consumables, braces and others.
Based on application, market is divided into radius orthopaedic devices, dental
orthopaedic devices, hip orthopaedic devices, elbow orthopaedic devices,
Cranio-Maxillofacial (CMF) orthopaedic devices, knee orthopaedic devices and
Sports Injuries, Extremities and Trauma (SET) orthopaedic devices.
The global orthopaedic devices are mainly
driven by high adoption of minimally invasive procedures, technological
innovations, rising trend of smoking & alcohol consumption, high prevalence
of diabetes & obesity, increase in the number of sports & road traffic
accidents and growing geriatric population. Apart from the major benefits, some
of the market restraints include social & ethical issues, lack of uniform
reimbursement landscape, dearth of skilled professionals, high cost of implants
and increase in number of product recalls.
The North American region held a major share
of the global market owing to rise in awareness about the compensation of
several orthopedic devices and high health care expenditure in the U.S. In
addition, Asia-Pacific is also expected to drive due to rise in incidence of
orthopedic diseases & improving economy in India, China and other
countries. In 2018, the global orthopaedic devices market held at US$42.3
billion and it is expected that the market to grow at rapid pace due to higher
incidences of osteoarthritis, musculoskeletal & osteoporosis disorders.
For more information, click on the
link below:
Contact Us:
Ken Research
Ankur
Gupta, Head Marketing & Communications
+91
9015378249
No comments:
Post a Comment