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NEW YORK , May 10, 2022 /PRNewswire/ -- The orthopedic implants market outlook report has been added to Technavio's catalog. The report identifies the orthopedic implants market potential growth to value USD 15.45 billion from 2021 to 2026 The market is also anticipated to witness a healthy and accelerating growth momentum at a CAGR of over 7.73%. This growth can be attributed to high prevalence of osteoporosis. However, high costs associated with orthopedic implants and procedures can hamper the growth of the market during the next few years.
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Accelerate at a CAGR of 7.73%
North America, Europe, Asia, and Rest of World (ROW)
US, Canada, Germany, UK, and China
Leading companies, Competitive strategies, Consumer engagement scope
Amplitude SAS, Arthrex Inc., B. Braun SE, Conmed Corp., Corin Group Plc, Globus Medical Inc., icotec AG, Integra LifeSciences Corp., Johnson and Johnson, Medtronic Plc, Mighty Oak Medical, Naton Medical Group, Nuvasive Inc., Orthofix Medical Inc., OrthoPediatrics Corp., Pega Medical Inc., RTI Surgical Inc., Smith and Nephew plc, Stryker Corp., and Zimmer Biomet Holdings Inc.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
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Access our detailed 140-page report with TOC and exhibits on "Orthopedic Implants Market by Product and Geography - Forecast and Analysis 2022-2026" at: https://www.technavio.com/report/report/orthopedic-implants-market-industry-analysis
Orthopedic Implants Market Vendor Landscape
The orthopedic implants market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Some companies are engaging in launching innovative products to garner the traction of the consumers. For instance, Amplitude SAS offers orthopedic implants such as Airlock, Nexis, CentroLock, Pecaplasty, Peca, and Lync.
Major Five Orthopedic Implants Companies and their Product Offerings:
Other industry-focused players covered in this report are:
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Orthopedic Implants Market Product Outlook (Revenue, USD bn, 2021-2026)
The joint reconstruction implants product segment held the largest orthopedic implants market share in 2021. The segment will continue to account for the highest share throughout the forecast period due to factors such as the increasing number of orthopedic conditions, including knee and hip fractures, new product launches, the growing trend of robotic surgeries, and the presence of established players with a strong product portfolio.
Orthopedic Implants Market Geography Outlook (Revenue, USD bn, 2021-2026)
38% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for orthopedic implants in North America . Market growth in this region will be slower than the growth of the market in the European and Asian regions. The rising prevalence of orthopedic conditions, product launches, favorable reimbursement for orthopedic implants, and initiatives by governments and non-profit organizations for creating awareness about orthopedic conditions will facilitate the orthopedic implants market growth in North America over the forecast period.
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