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Global Orthopedic Implants Market was valued US$ 44.80 Bn in 2017 and is expected to reach 67.50 Bn by 2026, at a CAGR of 5.26 % during a forecast period.
Global Orthopedic Implants Market
An orthopedic implant is a medical device, which is surgically placed inside the body to reinstate bone function by emphasizing or replacing a damaged structure.
The rising prevalence of orthopedic conditions like fractures, degenerative bone disease osteoporosis, an increasing number of road accidents, and arthritis are driving the global orthopedic implants market. According to the World Health Organization (WHO) prediction, the prevalence of rheumatoid arthritis more common in women and developed countries. Increasing cases of obesity, sedentary lifestyle, extensive working hours, and increasing sports culture result in the early onset of musculoskeletal disorders are expected to boost the orthopedic implants market.
North America is estimated to hold significant growth in the global orthopedic implants market in 2017. The growth in the market is attributed to factors like increasing the adoption of technologically advanced surgical procedures and surge in the prevalence of orthopedic diseases like osteoarthritis among the geriatric population in this region. Additionally, favourable compensation for the treatment of different musculoskeletal disorders with Medicare policy is expected to boosts the growth of the market in the region.
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