Global Orthopedic Implants Market is poised to grow at a ~4.5 % CAGR by 2027 – Boon for Patients suffering from Chronic Bone Injuries

An orthopedic implant is?a manufactured medical device designed to replace a joint, bone, or cartilage due to damage or deformity?such as from breaking a leg, losing a limb, or a congenital defect.

Technological Innovations and Developments in Orthopedic Implants Triggers the Global Demand of Orthopedic Implants Market

Recent and rapid innovations in orthopedic implants such as surgical navigation to guide surgeons through the implantation, robotics-assisted orthopedic surgery, and AI-powered guidance software to assist surgical procedures are projected to drive the growth of the orthopedic implants market in the upcoming years.

For instance,

• In July 2022, Oxford Performance Materials, Inc (OPM) announced an agreement with Fuse Medical, Inc (Fuse) to develop a new, world-class spinal, extremity and sports medicine implant product lines utilizing OPM’s patented OsteoFab PEKK technology.
• In April 2022, eCential Robotics entered into an agreement with Amplitude Surgical to bring together their technologies for?knee robotic?surgeries.

Ample Growth Opportunities in the Global Orthopedic Implants Market

Bio-printed Bones and Joints

o Advancements in 3D printing technology is one of an emerging segment in orthopedic implants. The application of printed bones and joints is likely to become more widespread in the upcoming years.

Engineered Stem Cells for Bone Regeneration

o??Stem cell-derived exosomes have been shown to promote the regeneration and reconstruction of multiple tissues, including cartilage and skin.

Smart Sensor-Enabled Technologies and Implants

o??This medical technology has the potential to vastly improve the fit and function of orthopedic devices.

Robotics-assisted Orthopedic Surgeries

o??Robotics offer multiple benefits over traditional surgeries, including greater precision, less invasiveness and less recovery times.

Bioresorbable Orthopedic Implants

o??Bioresorbable materials offer considerable benefits for the patient and the treating surgeon by avoiding severe reactions to metal and metal debris.

Competitive Landscape Analysis: Orthopedic Implants Market

Some of the established and emerging industry players operating in the orthopedic implants market are Arthrex , NuVasive , DePuy Synthes , and Stryker , among others.?

Key Market Challenges: Orthopedic Implants Market

The high costs of the implants combined with the need for revision procedures every few years depending on the wear & tear of the implant, and side effects associated with the orthopedics implant post-surgery such as implant rejection, septic, & allergies are likely to hamper the growth of the orthopedic implants market in the coming years.

North America is Set to Hold a Larger Share in the Orthopedic Implants Market

From a geographical perspective, North America is estimated to hold a larger market share in the global orthopedic implants market. This can be mainly attributed to the growing population, adoption of technologically advanced orthopedic implants among surgeons, an increasing awareness on osteoporosis care, and favorable reimbursement landscape in this region.

Explore Detailed Insights on Orthopedic Implants Market Report @ https://meditechinsights.com/orthopedic-implants-market/

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