Growing elderly population with osteoporosis and middle-aged bone ailments, Advancements in surgical techniques including robot-assisted surgeries, a rising number of traumatic injuries due to traffic accidents, or degeneration of bones or joints over time from chronic medical conditions, an increasing demand for advanced orthopedic implants to treat musculoskeletal disorders, and a growing patient awareness about the availability of orthopedic implants for commercial use are some of the key factors driving the global orthopedic implants market.

An orthopedic implant is a manufactured device designed to replace a joint, bone, or cartilage due to damage or deformity caused by factors such as leg fractures, limb amputations, or a congenital defect.

Innovations such as surgical navigation to guide surgeons during implantation, robotics-assisted orthopedic surgery, and AI-powered guidance software to aid surgical procedures are expected to be crucial in driving the orthopedic implants market in the upcoming years.

Examples of Technological Advancements in Orthopedic Implants

• For instance, in July 2022, Oxford Performance Materials, Inc (OPM) announced a partnership with Fuse Medical, Inc (Fuse) to develop new, high-quality spinal, extremity, and sports medicine implant product segments using OPM’s patented OsteoFab PEKK technology.
• In April 2022, eCential Robotics entered into an agreement with Amplitude Surgical to integrate their technologies in the area of Knee robotic surgeries.

Promising Growth Opportunities in the Orthopedic Implants Market

• Bio-printed Bones and Joints
Advancements in 3D printing technology are among the most optimistic areas in orthopedic implants. The use of printed bones and joints is expected to become more prevalent in the coming years as the technology continues to improve, fueling the orthopedic implants market.
• Engineered Stem Cells for Bone Regeneration
Stem cell-derived exosomes have demonstrated the potential to promote the regeneration and reconstruction of multiple tissues, including cartilage and skin.
• Smart Sensor-Enabled Technologies and Implants
The application of this technology has enormous potential to improve the fitting and functioning of orthopedic devices.
• Robotics-assisted Orthopedic Surgeries
Robotics present numerous benefits over traditional surgery, such as greater precision, less invasiveness, and shorter recovery times.
• Bioresorbable Orthopedic Implants
Bioresorbable materials offer significant advantages for both the patient and the treating surgeon by avoiding adverse reactions to metal and metal debris.

Upcoming Market Challenges: Orthopedic Implants Market

The high costs of the implants, coupled with the need for revision procedures every few years depending on the wear and tear of the implant, and potential side effects associated with orthopedic implants post-surgery such as implant rejection, septicemia, and allergies, among others, are likely to hinder the growth of the orthopedic implants market.

North America is Expected to Hold a Significant Share in the Orthopedic Implants Market

From a geographical perspective, North America accounts for a larger share of the orthopedic implants market. This can be largely attributed to the growing elderly population, adoption of technologically advanced orthopedic implants among surgeons, rising awareness about osteoporosis care, and a favorable reimbursement landscape in the region.

Competitive Landscape Analysis: Orthopedic Implants Market

Some of the established players operating in the global orthopedic implants market include Arthrex Inc., NuVasive, DePuy Synthes, and Stryker Corporation, among others.

Growth Strategies Adopted by Leading Market Players to Establish Their Foothold in the Orthopedic Implants Market

All players operating in this market are employing organic and inorganic growth strategies such as collaborations, acquisitions, and launching new products to garner a bigger market share.
For instance,
• In September 2022, Zimmer Biomet Holdings, Inc. announced an exclusive, multi-year co-marketing agreement with Surgical Planning Associates, Inc. to commercialize HipInsight, the first FDA-cleared mixed reality navigation system for total hip replacement.
• In March 2022, Evonik announced the launch of its 3D printable biomaterials VESTAKEEP IC4800 3DF. The portfolio expansion focuses on presenting innovation in osteoconductive PEEK filament, which improves fusion between bone and implant.
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