Minor Orthopedic Implants Replacement Global Market Opportunities And Strategies To 2021
NEW YORK, August 14, 2018 /PRNewswire/ -- Minor Orthopedic Implants Replacement Global Market Opportunities And Strategies By Type Of Joints: Shoulder Replacement Implants, Wrist Replacement Implants, Elbow Replacement Implants, Foot & Ankle Replacement Implants; With Forecast Until 2021
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Executive Summary
Minor orthopedic implants include implants used in shoulder, wrist, ankle and foot joints. These implants are used to restore joint function (movement), and relieve pain. Minor orthopedic replacement implants manufacturing companies develop, market and distribute orthopedic implant products for commercial use. Products are usually sold to hospitals, for use during orthopedic replacement surgery. The right type of implant is selected based on the patient and type of orthopedic replacement procedure.
The minor orthopedic replacement implants market in North America is the largest in the world. It currently has about 62.2% share of the global minor orthopedic replacement implants market. The increased elder population with arthritis has driven the minor orthopedic implants market in the US. The minor orthopedic replacement implants market in Western Europe is second largest in the world. It currently has about 16.6% share of the global minor orthopedic replacement implants market.
Shoulder replacement implants accounted for the largest share in minor orthopedic replacement market in 2017. The other segments covered in this report are wrist replacement implants, elbow replacement implants, foot & ankle replacement implants.
Technological advances are a major driver for the minor joint replacement industry. New materials such as polyethylene are used to reduce wear and improve the longevity of the minor joint replacement implants. Pyrocarbon material, which has been used for many years in small joints is now being introduced for shoulder joint replacements. This material has improved durability. This continuing improvement in the material characteristics of the implant is driving the minor joint replacement market.
Following the expiry of patents for implants, around sixteen generic companies have entered the orthopedic replacement implants market in the USA, including Orthosolutions, Covenant Orthopedics, Ortho Direct USA, and Emerge Medical. These generic companies are making copies of legacy implants with proven designs and biomaterials. These generic orthopedic implant companies' offer lower prices compared to branded implants and are thus a big threat for the big orthopedic devices manufacturers.
The market for minor orthopedic replacement market is highly concentrated with few players dominating the market. Depuy Synthes was the largest competitor in the minor orthopedic replacement implants market in 2017, followed by Write Medical Group, Zimmer Biomet. Stryker and Exactech.
Description
Where is the largest and fastest growing market for minor orthopedic replacement implants? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The minor orthopedic replacement implants global market report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market.It traces the market's historic and forecast market growth by geography.
It places the market within the context of the wider information technology market, and compares it with other markets.
• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market and forecasting the future. Drivers and restraints looks at the external factors supporting and controlling the growth of the market.
• Market segmentations break down market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers all the regions, key developed countries and major emerging markets. It draws comparisons with country populations and economies to understand the importance of the market by country and how this is changing.
• The procedure numbers and cost section compares the implant costs and procedure numbers for all the countries
• Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section highlights the likely future developments in the market and suggests approaches companies can take to exploit this.
Scope
Markets covered: Shoulder Replacement Implants, Wrist Replacement Implants, Elbow Replacement Implants, Foot & Ankle Replacement Implants
Companies mentioned: Zimmer Biomet, DePuy Synthes, Wright Tornier, Exactech, Stryker, Integra, Smith & Nephew
Countries: China, Japan, India, Australia, USA, Canada, Brazil, UK, Germany, France, Russia
Regions: Asia-Pacific, North America, South America, Western Europe, Eastern Europe, Middle East & Africa.
Time series: Five years historic and forecast.
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Why this report?
Timely And Critical:
- Compilation of minor orthopedic replacement implants with quality standards developed by international organization for standardization (ISO) and stringent country regulations
- Increase in the share of the generic companies
- Attractive emarging markets for bif orthopedic implant manufacturers
- Increasing use of reverse shoulder arthroplasty
- Increasing aging population
- Increasing prevelance of arthritis
- Increasing population awareness towards replacement surgery
Reasons to Purchase
• Outperform competitors using accurate up to date demand-side dynamics information.
• Identify growth segments for investment.
• Facilitate decision making on the basis of historic and forecast data and the drivers and restraints on the market.
Create regional and country strategies on the basis of local data and analysis.
Stay abreast of the latest customer and market research findings
• Benchmark performance against key competitors.
• Develop strategies based on likely future developments.
• Utilize the relationships between key data sets for superior strategizing.
• Suitable for supporting your internal and external presentations with reliable high quality data and analysis
• Gain a global perspective on the development of the market.
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