Arecently revamped report published by Fact.MR investigates that the global orthopedic implants market is forecast to reach US$ 900 Mn, expanding at a 6.7% CAGR during the assessment period ranging from 2022 to 2032. Uptake of orthopedic implants is expected to surge on the back of rising cases of bone deformities and other orthopedic disorders in the last few years. During the historical period 2017-2021, demand for orthopedic implants surged at a CAGR of 6%. Prospects temporarily dipped during the peak of the COVID-19 pandemic, attributed to restrictions on non-COVID related surgical procedures to prevent further spread of infections. However, since 2021, prospects have begun exhibiting a gradual resurgence, as the restrictions fade away.
The growth of the orthopedic implants market remains influenced by innovations and advancements in healthcare backed by the adoption of the work from home culture. North America is likely to dominate the orthopedic implants market by acquiring nearly 1/3rd share of the global market.
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Orthopedic Implants Market: Growth Driven by Higher Patient Acceptance for Implants Integrated with Imaging Techniques
Dramatic paradigm shift from the conventional invasive surgical procedures toward minimally invasive procedures adopted in the treatment of various orthopedic diseases or disabilities has been positive impacting growth of the orthopedic implants market recently.
Additionally, the orthopedic implants market has been witnessing the generation of personalized and innovative 3D-printed orthopedic implants integrated with assistive imaging techniques, including (but not limited to) magnetic resonance imaging and computed tomography.
These imaging techniques employed for creating surgical designs with precision, in combination with the advent of advanced robot-assisted surgical tools have been augmenting the patient acceptance, in turn furthering growth of the orthopedic implants market.
Similarly, widespread applicability of the bone grafts across a variety of applications, such as spine surgeries, traumatology, and oncology, will continue to proliferate sales of orthopedic implants in the upcoming years.
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Some of the Orthopedic Implants Market insights and estimations that make this study unique in approach and effective in guiding stakeholders in understanding the growth dynamics. The study provides:
- Details regarding latest innovations and development in Orthopedic Implants and how it is gaining customer traction during the forecast period.
- Analysis about the customer demand of the products and how it is likely to evolve in coming years.
- Latest regulations enforced by government bodies and local agencies and their impact on Demand of Orthopedic Implants Market .
- Insights about adoption of new technologies and its influence on the Orthopedic Implants market Size.
- Overview of the impact of COVID-19 on Orthopedic Implants Market and economic disruptions caused by the pandemic.
- Evaluates post-pandemic impact on the Sales of Orthopedic Implants Market during the forecast period.
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After reading the Market insights of Orthopedic Implants Report, readers can:
- Understand the drivers, restraints, opportunities and trends affecting the Sales of market.
- Analyze key regions holding significant share of total Orthopedic Implants market revenue.
- Study the growth outlook of Orthopedic Implants market scenario, including production, consumption, history and forecast.
- Learn consumption pattern and impact of each end use & supply side analysis of Orthopedic Implants market.
- Investigate the recent R&D projects performed by each market player & competitive analysis of Orthopedic Implants Market Players.
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- The data provided in the Orthopedic Implants market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.
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