Market Research Report Store Orthopedic Devices Global Market – Forecast To 202
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– Forecast To 2021--Market Research Report Store"to its research database.
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Description
Orthopedic device can be defined as medical device used to replace the damaged or misplaced
bone in order to improve the function of skeleton and reduce pain due to problems associated with
injury/defect. The implants are basically made out of stainless steel and titanium alloys for more
durability and strength whereas now novel biomaterials like ceramics, glass and polymers are used.
Revolution in the field of medical science has led to the rapid development of orthopedic devices
that are invented to effectively treat orthopedic injuries and diseases like osteoporosis and
osteoarthritis. These device implantation procedures require highly specialized surgeons.
Insisting innovative product designs, drift towards cost effective solutions, increase in number of
outpatient procedures and adoption of advanced technologies drives the market growth whereas,
high cost of implants, reimbursement issues are the major factors that restrain the market growth.
The emergence of small players with highly innovative products and their designs are also
creating an opportunity in the global orthopedic device market to experience a high growth rate.
While the market faces major challenges due to subject of finances, geographies and technology
opportunities.
The drastic advancements in the field of robotics, computer navigated surgeries, smart implants,
nanotechnology, 3D printings, biologics and tissue engineering have been recognized as the future
of orthopedics. Now-a-days customized implant is increasing in the market as patient demands
more comfortable product fit for implantation. For instance, ConfirMIS is one the major company
which develops personalized implants for knee such as iTotal G2, iDuo G2 etc.
Zimmer Biomet, Stryker, Smith and Nephew, Medtronic, Nuvasive, Depuy Synthes, Orthosensor,
Integra Lifescience, Globus Medical, B.Braun and DJO global are some of the companies that