A Personalized Orthopaedic Implant Market is a medical device used to stabilise broken bones, restore missing joints, and replace missing bones. Orthopaedic implants are mostly made of biomaterials and have a plastic coating. As the need for patient-specific implants rises, the market for orthopaedic implants is becoming increasingly individualised and sophisticated, giving rise to the term “custom made implants” for personalised orthopaedic implants.
New technology, like 3D modelling and imaging as well as digital manufacturing, is crucial in the development of personalised orthopaedic implants. A planned surgical model is used in conjunction with production processes like developing a custom prosthesis. The personalised orthopaedics implant industry is expanding due to contract manufacturers and specialised digital production technologies.
The current trend of minimising orthopaedic surgery failure rates by customising the implant to the patient rather than the patient to the implant is assisting in the market’s growth throughout the predicted period.
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Over a forecast period, it is anticipated that the market for customised orthopaedic implants will grow significantly. The need for customised orthopaedic implants is expected to increase due to the rapidly expanding senior population and the rising prevalence of related conditions such osteoarthritis, osteoporosis, disc diseases, hip discomfort, knee pain, and low bone density.
Sports-related bone injuries are becoming more common, which drives up demand for orthopaedic implants and is anticipated to drive up demand for personalised orthopaedic implants globally.
The increasing research and development activities and the availability of the customized implants as per the need of the case, which foster the demand of the orthopaedics implants and drives the global personalized orthopaedics implants market over a forecast period. The rising accidental cases resulted to the bone injuries and also anticipated to propel the growth of the global personalized orthopaedics implant market on a long run.
However, the high cost of personalized orthopaedics implants may hamper the demand of the implants and restrain the growth of the global personalized orthopaedics implant market.
The stringent and non-favourable reimbursement coverage policies and the possible adverse effects of post-surgery infections, hypersensitivity, implant dislocation and toxic issues of implants may slow down the demand and hinder the growth of the global personalized orthopaedics implant market over the forecast period.
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On the basis of regional presence, the global personalized orthopaedics market is segmented into seven key regions: North America, Latin America, Western Europe, Eastern Europe, and Asia-Pacific excluding Japan, Japan, and Middle East & Africa. Currently, North America is contributing the leading shares to the global personalized orthopaedics implant market in terms of value and anticipated to register a significant CAGR over a forecast period.
The Europe is also contributing the moderate shares to the market due to the advanced medical facilities and easy availability of the personalized orthopaedics implant in the market. APAC is the most lucrative market for the personalized orthopaedics implant due to the increasing acceptance of advanced surgical procedures and developing medical infrastructure in the region and expected to show a robust growth to the global personalized orthopaedics implant market.
MEA is at a nascent stage to the global personalized orthopaedics implant market and anticipated to register a decent growth to the market over a forecast period. Overall, the global personalized orthopaedics implant market is expected to show significant growth over a forecast period.
Key Players
Some of the major market players in personalized orthopaedics Implant market globally include Stryker Corporation, Zimmer Biomet Holdings, Inc., Smith & Nephew Plc., DePuy Synthes, Medtronic Plc., and Wright Medical Group N.V., Japan MDM, Inc., NuVasive, Seikagaku Corporation and KYOCERA Corporation.
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The global personalized orthopaedics implant market is segmented
on the basis of product type, solution delivery type, solution type and end user.
On the basis of product type, the global personalized orthopaedics Implant market is segmented into:
- Internal Fixation Devices
- External Fixation Devices
On the basis of biomaterial type, the global personalized orthopaedics Implant market is segmented into:
- Metallic
- Ceramics
- Polymers
- Others
On the basis of anatomical location, the global personalized orthopaedics implant market is segmented into:
- Hip
- Knee
- Foot and ankle
- Spine
- Shoulder
- Elbow
- Others
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On the basis of end users, the global personalized orthopaedics implant market is segmented into:
- Hospitals
- Orthopaedics Clinics
- Ambulatory Surgical Centers
- Others
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