Orthopedic Implants Market Analysis And Segment Forecasts To 2024
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Orthopedic Implants Market Analysis And Segment Forecasts To 2024 The global orthopedic implants market is expected to reach USD 6.2 billion by 2024, according to a new report by Grand View Research, Inc. Major drivers, such as the surging geriatric population count and the increasing number of sports injuries are fueling the demand for the orthopedic prostheses globally. The soaring number of road accidents and sports injuries is continually engendering the multitude of worldwide trauma cases. In addition, people above the age of 65 years are highly prone to orthopedic diseases and fractures since bone density progressively reduces with increasing age. Thus, the growth in the number of trauma cases and the escalating elderly population is furtherdriving the target patient base for prosthetic implants. Browse the report: http://www.orbisresearch.com/reports/index/orthopedic-implants-marketanalysis-by-application-spinal-fusion-long-bone-foot-and-ankle-craniomaxillofacial-jointreplacement-dental-and-segment-forecasts-to-2024 On the other hand, the cost prohibitive nature of these implants coupled with the inadequate reimbursement coverage is the prime factor restraining the growth of the global market. In addition, the existent stringent regulatory framework and the frequent product recalls are some of the other factors further challenging the growth.
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Orthopedic Implants Market Analysis And Segment Forecasts To 2024 Asia Pacific is anticipated to exhibit fast paced growth during the forecast period due mainly to therising disposable income, growing awareness with regard to improved and advanced orthopedic prostheses, progressively improving healthcare infrastructure, and the flourishing medical tourism industry are some of the factors rendering the Asia Pacific region attractive to the international players. Request a sample of the report: http://www.orbisresearch.com/contacts/request-sample/111343 The global orthopedic implants market is fragmented with the presence of many local players. Thus, market players are adopting strategies including mergers and acquisitions and distribution partnerships to expand their overall market share and sustain themselves in the competition. Some key players operating in this market include Zimmer Biomet Holdings, Inc., Stryker Corporation, DepuySynthes, Smith & Nephew plc, Wright Medical Group N.V, and Medtronic Plc.
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