The recent trend such as adapting the implant to the patient instead of adapting patient to the implant, to minimize the failure rate in orthopaedics operatives helping market to grow over a forecast period.
Orthopaedic implants are medical devices that are used to replace missing joints, bones, or to support damaged bones. Orthopaedic implants are primarily made of biomaterials and coated with plastic. Because of the growing demand for patient-specific implants, personalised orthopaedic implants are also known as custom made implants.
New technology, such as 3D imaging and modelling, as well as digital manufacturing, is playing an important role in personalised orthopaedic implants. A planned surgical model is used to accompany production steps such as designing the made-to-measure prosthesis. The growth of the personalised orthopaedics implant market is being driven by contract manufacturers and specialised digital manufacturing technologies.
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The recent trend of adapting the implant to the patient rather than the patient to the implant to reduce failure rates in orthopaedic operatives is assisting market growth over the forecast period.
Over the forecast period, the global personalised orthopaedics implant market is expected to grow at a significant CAGR. The rapidly growing geriatric population, as well as the increasing prevalence of associated disorders such as osteoarthritis, osteoporosis, disc diseases, hip pain, knee pain, and low bone density, are expected to drive demand for personalised orthopaedic implants.
The rising prevalence of sports-related bone injuries is driving up demand for orthopaedic implants, which is expected to drive growth in the global personalised orthopaedic implants market.
The increasing research and development activities, as well as the availability of customised implants based on the needs of the case, drive the global personalised orthopaedics implants market over the forecast period. Rising accidental cases have resulted in bone injuries, which are expected to drive the growth of the global personalised orthopaedics implant market in the long run.
However, the high cost of personalised orthopaedics implants may limit demand for the implants and limit the global personalised orthopaedics implant market's growth.
The stringent and unfavourable reimbursement coverage policies, as well as the potential negative effects of post-surgery infections, hypersensitivity, implant dislocation, and toxic issues with implants, may slow demand and impede growth in the global personalised orthopaedics implant market over the forecast period.
On the basis of regional presence, the global personalized orthopaedics market is segmented into seven key regions: North America, Latin America, Western Europe, Eastern Europe, and Asia-Pacific excluding Japan, Japan, and Middle East & Africa. Currently, North America is contributing the leading shares to the global personalized orthopaedics implant market in terms of value and anticipated to register a significant CAGR over a forecast period.
Europe also contributes moderate market shares due to advanced medical facilities and the market's easy availability of personalised orthopaedics implants. Because of the increasing acceptance of advanced surgical procedures and developing medical infrastructure in the region, APAC is the most lucrative market for personalised orthopaedics implants and is expected to show robust growth in the global personalised orthopaedics implant market.
MEA is in the early stages of the global personalised orthopaedics implant market and is expected to grow steadily over the forecast period. Over the forecast period, the global personalised orthopaedics implant market is expected to grow significantly.
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Key Players
Some of the major market players in personalized orthopaedics Implant market globally include Stryker Corporation, Zimmer Biomet Holdings, Inc., Smith & Nephew Plc., DePuy Synthes, Medtronic Plc., and Wright Medical Group N.V., Japan MDM, Inc., NuVasive, Seikagaku Corporation and KYOCERA Corporation.
The global personalized orthopaedics implant market is segmented
on the basis of product type, solution delivery type, solution type and end user.
On the basis of product type, the global personalized orthopaedics Implant market is segmented into:
On the basis of biomaterial type, the global personalized orthopaedics Implant market is segmented into:
On the basis of anatomical location, the global personalized orthopaedics implant market is segmented into:
On the basis of end users, the global personalized orthopaedics implant market is segmented into:
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Jan 18, 2023
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