High prevalence of osteoarthritis, aging population, rising prevalence of obesity and arthritis, elevating number of sports and road accident injuries and the technological advancements in the industry are expected to fuel the orthopedic reconstruction market in future.
The report titled “Global Orthopedic Reconstruction Market Outlook to 2021 – Technological Advancements with Launch of 3D Printed Products and Orthobiologics to Drive Global Market” provides a comprehensive analysis of the orthopedic reconstruction market. The report includes the cumulative revenue generated by the market players from the sales of reconstruction products, including products for joint reconstruction, spine surgery, sports medicine, trauma and extremities, and power tools at manufacturer’s price and market share contributed by the sales of above mentioned segments in the total orthopedic reconstruction market. The market is also segmented by six geographical regions across the globe – North America, Europe, Asia Pacific, Latin America, Middle East, and Rest of the World. The stakeholders of this report includes the orthopedic reconstruction market players, companies involved in research and development activities, and the new entrant who wish to invest in orthopedic reconstruction market in future.
With growing prevalence of diabetes and obesity over the globe, the cases of osteoarthritis have increased at a high pace; leading to increased demand for orthopedic reconstruction products. However, the traditional reconstruction products majorly implants have shelf life of nearly 10 years and consequently patient starts feeling pain or discomfort afterwards. As a scenario, the market in undergoing phase of technological development with 3D printing being one of the major technologies which is expected to revolutionize the market.
3D printing is penetrating into healthcare industry and subsequently orthopedic industry at a high pace. MIT Technology Review even quoted that tens of thousands of 3D printed replacement implants would have been inserted for hips, knees, ankles, parts of spine, and even the section of skull around the world in year 2016. Approximately 25 3D printed implants received US FDA approval as of March, 2016.
3D printing in orthopedic is majorly applied on development of metallic implants and personalized prosthesis. The implant printing depends majorly on the material, equipment and manufacturing capabilities available for 3D printing. Titanium grades and cobalt-chrome alloys and stainless steel are the common materials which are used for manufacturing of 3D printed implants. The main advantage which has resulted in its growth is inherent geometric freedom of the technology. This technology allows the formation of more natural anatomical shapes and porous bone replacement scaffolds that can be seamlessly integrated into implant design, ensuring a natural bone growth and high stability.
Owing to the growing arthritis and benefits of these 3D implants for arthritis patients in form of more motion, less pain and quicker recovery, market giants have also invested in this technology, to sustain their leadership during future. Zimmer Biomet in this race received the approval from US FDA for its 3D printed ankle fusion system in February, 2016. This system removes the need for the plates, screws, and staples instead relies on 3D printed “osteoconductive matrix designed to provide for biological incorporation. Similarly, in 2015 Stryker added 3D printed tibial baseplates and patellas to their Triathlon Tritanium Knee System and Triathlon Tritanium Cone Augments, which are used in knee surgeries. The company is also in plans to build 3D manufacturing facility with investment of around USD 400 million.
Key Factors Considered in the Report
World Hip and Knee Orthopedic Implants Market
Spine Device Market Share
US Orthopedic Implants Market
Large Joint Reconstruction Industry Outlook
Future Projections Reconstruction Market
Orthopedic Replacement Industry Growth Drivers
Challenges Sport Medicine Industry Growth
Merger Acquisitions Orthopedic Implant Market
Investment in Orthopedic Reconstruction Industry
Osteoarthritis Prevalence Global
Sports Injuries Orthopedic Reconstruction
Zimmer Biomet, Depuy Synthes, Stryker, Smith & Nephew, CONMED Corporation, Medtronic, Arthrex, Inc., NuVasive, Inc., Globus Medical, Microport Scientific Corporation, Japan Medical Dynamic Marketing, Inc., HOYA Corporation, Exectech, Inc., Alphatec Spine, Inc., Wright Medical Group N.V., Orthofix International N.V., DJO, LLC, K2M, Inc., Shandong Weigao Group Medical Polymer Company
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Ankur Gupta, Head Marketing & Communications