Transformational Growth Driven by Digital Solutions is Shaping the

On Nov 24, 2021

Dublin, Nov. 24, 2021 (GLOBE NEWSWIRE) — The “Global Orthopedics Growth Opportunities” report has been added to ResearchAndMarkets.com’s offering.

The global orthopedic implant market is in the midst of a transformation. With enhanced research, product development is improving to suit patient requirements and support more successful surgical outcomes.

The growth potential for orthopedic implants is more in emerging markets than in mature ones. This study provides revenue forecasts, market share analyses, competitive environment assessments, and market segment analyses for the global market. It also covers the changing landscape and the importance of understanding the business models to succeed in the digitally transforming market.

Orthopedic and spine procedures need to be specifically tailored to each patient, and the implants must accommodate an incredible range of anatomy and surgical scenarios. Additionally, many implants need to be customized during surgery, such as adjusting pedicle screw head angles and bending spinal rods, to fit the patient and enable the desired spinal correction.

Unlike devices that remain outside the body in ambient conditions where they can be observed, manipulated, and controlled, most orthopedic and spine devices are implanted during a surgical procedure and then left to perform their intended function within the body.

Hence, the implants need to meet strict requirements for the product’s expected lifetime to be much longer than the average medical device.

The trends shaping the industry are:

Increase in the demand for patient-specific implantation and surgeries: Well-informed patients are demanding surgeons for personalized therapies, implants, procedures, and experience
Demand for better procedural efficiencies: Patients are demanding maximum comfort while requiring minimum physical supervision. The need of the hour is the reduction in surgery times, better efficiencies, and optimized outcomes.
Changing reimbursement trends: The shift toward payments based on quality plus cost over procedure-based reimbursement is expected to change the way medical technologies are evaluated and purchased
Changing dynamics between participants: Mergers and acquisitions, and joint ventures are expected to shape the industry.
Shift to emerging economies: Large orthopedic participants are focusing on Asia-Pacific and other emerging economies that are expected to register growth rates that are 2-to-3 times higher than developed markets.
Demand for lesser hospital time: The focus is shifting to technologies that involve lesser hospital time for patients and lead to quicker recoveries.

Key Topics Covered:

1. Strategic Imperatives

Why Is It Increasingly Difficult to Grow?
The Strategic Imperative
The Impact of the Top Three Strategic Imperatives on Orthopedic Industry
Growth Opportunities Fuel the Growth Pipeline Engine

2. Key Takeaways from the Study

Market Segmentation
Technology Overview of the Study
Shift of Care Delivery…