According to the 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 implants market is projected to exhibit a 5.1% CAGR during 2019-2026, subsequently accounting for USD 6,894.2 million by the year 2026.
 

Shifting consumer preference towards prosthetics and ultra-modern fixations from traditional surgical procedures, rising investments in the medical sector, and favorable government initiatives promoting the adoption of implants are augmenting the global orthopedic implants market size.
 

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For the uninitiated, primary function of orthopedic implants is to replace or support a damaged or missing joint or bone. They are generally used to correct body posture, straighten skeletal function, and treat deformities. Surging demand for minimally invasive surgical procedure and other advanced therapies along with growing patient awareness about orthobiologics are further fueling the market growth.
 

Growing geriatric population, increasing instances of sport injuries as well as joint replacement surgeries, and rising prevalence of musculoskeletal disorders such as osteoarthritis and osteoporosis are positively swaying the global orthopedic implants market dynamics. However, high costs associated with the procedure coupled with stringent government regulations are expected to hinder the industry expansion throughout the analysis timeframe.
 

Based on application scope, global orthopedic implants industry is divided into SET (sports medicine, extremities, and trauma), craniomaxillofacial, dental, knee, hip, spinal, and others.
 

From a regional point of view, the market is fragmented into Middle East & Africa, Asia-Pacific, Europe, Latin America, and North America. The country-level bifurcation of the industry comprises of Brazil, Japan, India, China, United Kingdom, Germany, Canada, and U.S.
 

As per the report, Asia Pacific orthopedic implants market is projected to grow substantially over 2019-2026, on account of massive population base, improving healthcare infrastructure, booming elderly populace, and awareness regarding orthopedic procedures.
 

Leading players that outline the global orthopedic implants industry trends are ArthroCare Corporation, NuVasive Inc., Wright Medical Group N.V., Stryker Corporation, Smith & Nephew plc, Orthopaedic Implant Company (OIC), CONMED Corporation, BioTek Instruments Inc., DePuy Synthes, Aesculap Implant Systems Inc., Zimmer Biomet, and Medtronic plc.