As per the recent research report titled ‘Orthopedic Implants Market Share, Size, Trends & Industry Analysis Report, By Application by Regions and Segment Forecast, 2019-2026’, available with Market Study Report, global orthopedic implant market is anticipated to grow with a CAGR of 5.1% over 2019-2026, accumulating USD 6894.2 million.
 

Worldwide orthopedic implants market expansion is attributed to higher life-expectancy leading to surge in geriatric population who are susceptible to various musculoskeletal disorders like osteoarthritis, and osteoporosis. According to reliable estimates, South Korea and Japan have life-expectancy 82.3 years and 83.7 years.
 

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Innovations in medical technology, increasing number of joint replacement surgeries, surging cases of sports injuries, coupled with government funding for improvement of healthcare infrastructure, and promotion for usage of implants are catapulting the industry growth.
 

On the downside, high cost of surgeries, unfavorable reimbursement scenario, and strict federal policies are restraining the global orthopedic implants industry share.
 

The report cites the reconstructive joint replacement procedure is gaining substantial traction and is poised to significant revenues over the ensuing years, owing to rising instances of osteoporosis and osteoarthritis, in tandem with advancements in joint replacement field.
 

Further, increasing popularity of orthobiologics will propel the global orthopedic implants market outlook over the forecast period, pertaining improved cognizance of orthobiologics, preference for minimally invasive procedures, and boosting demand for advanced therapies.
 

Speaking of application scope, orthopedic implants marketplace is classified into S.E.T. (sports medicine, extremities, and trauma), craniomaxillofacial, dental, knee, hip, and spinal.
 

From regional frame of reference, North America and Canada are poised to contribute significantly towards the overall market remuneration by 2026, on account of advanced healthcare infrastructure. While, Asia Pacific orthopedic implants industry size is slated to expand momentously over the analysis timeframe, creditable to booming elderly populace, high awareness about medical procedures, and improving medical facilities.
 

Major industry players are ArthroCare Corp., NuVasive Inc., Wright Medical Group N.V., Stryker Corp., Smith & Nephew plc, The Orthopedic Implant Company, CONMED Corp., BioTek Instruments Inc., DePuy Synthes, Aesculap Implant Systems LLC, Zimmer Biomet Holdings Inc., and Medtronic plc.