Global Orthopedics Growth Opportunities

Global Orthopedics Growth Opportunities

Transformational Growth Driven by Digital Solutions is Shaping the Future of Orthopedics

RELEASE DATE
19-Oct-2021
REGION
Global
Research Code: MG2E-01-00-00-00
SKU: HC03460-GL-MT_25861
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Description

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.

Key Features

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 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.

Author: Bejoy Daniel


RESEARCH: INFOGRAPHIC

This infographic presents a brief overview of the research, and highlights the key topics discussed in it.
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Table of Contents

Why Is It Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top Three Strategic Imperatives on Orthopedic Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Market Segmentation

Technology Overview of the Study

Shift of Care Delivery Services

Digital Orthopedics Enabling Remote Patient Management

The Mega Trend Matrix—Mega Trends That are Reshaping the Supply and Demand Care in Orthopedic Interventions

Scope of Analysis

Market Segmentation by Product Type

Key Competitors in the Orthopedic Device Market

Key Growth Metrics

Growth Drivers

Growth Restraints

Forecast Assumptions

Revenue and Unit Shipment Forecast

Revenue Forecast by Product

Unit Shipment Forecast by Product

Revenue Forecast by Region

Unit Shipment Forecast by Region

Forecast Analysis

Global Trends—Orthopedic Market

Revenue Forecast Analysis by Product

Forecast Analysis by Region

Pricing Trends and Forecast Analysis

Competitive Environment

Revenue Share

Revenue Share Analysis

Key Growth Metrics

Revenue and Unit Shipment Forecast

Revenue Forecast by Region

Revenue Forecast by Product

Revenue Forecast Analysis by Product

Unit Shipment Forecast by Region

Unit Shipment by Product

Unit Shipment Forecast Analysis

Unit Shipment Forecast Analysis by Region

Revenue Share

Revenue Share Analysis

Key Growth Metrics

Revenue and Unit Shipment Forecast

Revenue Forecast by Region

Revenue Forecast by Product

Revenue Forecast Analysis by Product

Unit Shipment Forecast by Region

Unit Shipment by Product

Unit Shipment Forecast Analysis

Unit Shipment Forecast Analysis by Region

Revenue Share

Revenue Share Analysis

Key Growth Metrics

Revenue and Unit Shipment Forecast

Revenue Forecast by Region

Revenue Forecast by Product

Revenue Forecast Analysis by Product

Unit Shipment Forecast by Region

Unit Shipment Forecast by Product

Unit Shipment Forecast Analysis

Unit Shipment Forecast Analysis by Region

Revenue Share

Revenue Share Analysis

Key Growth Metrics

Revenue and Unit Shipment Forecast

Revenue Forecast by Region

Unit Shipment Forecast by Region

Forecast Analysis

Forecast Analysis by Region

Revenue Share

Revenue Share Analysis

Predictions and Future of the Global Orthopedic Device Market

Digital Orthopedics Enabling Remote Patient Management

The Orthopedic Market—An Evolving Ecosystem

The Mega Trend Matrix—Mega Trends That are Reshaping the Supply and Demand Care in Orthopedic Interventions

Specific Trends in Orthopedics—Shift of Care Settings

Specific Trends in Orthopedics—Procedural Shift

Specific Trends in Orthopedics—Technology Shift

Market Capabilities—Cutting Edge Innovations

Market Capabilities—Cutting Edge Innovations (continued)

Market Capabilities—Cutting Edge Innovations (continued)

The Care Continuum

The Care Continuum (continued)

The Care Continuum (continued)

The Care Continuum (continued)

Future Trends in the Orthopedic Industry

Future Trends in the Orthopedic Industry (continued)

Future Trends in the Orthopedic Industry (continued)

Growth Opportunity 1—Improving Accuracy and Precision With Robotics for Reliable and Reproducible Outcomes

Growth Opportunity 1—Improving Accuracy and Precision With Robotics for Reliable and Reproducible Outcomes (continued)

Growth Opportunity 2—Addressing the Care Continuum Shift With Minimal Interventions for Enabling Quick Recovery

Growth Opportunity 2—Addressing the Care Continuum Shift With Minimal Interventions for Enabling Quick Recovery (continued)

Growth Opportunity 3—New Payment Models for Managing the Disease Condition

Growth Opportunity 3—New Payment Models for Managing the Disease Condition (continued)

Growth Opportunity 4—Integrating Data Across the Care Continuum for Clinical Efficiency and Optimized Performance

Growth Opportunity 4—Integrating Data Across the Care Continuum for Clinical Efficiency and Optimized Performance (continued)

Why Frost, Why Now?

Your Next Steps

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

Legal Disclaimer

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.--BEGIN PROMO--

Key Features

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 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.

Author: Bejoy Daniel

More Information
No Index No
Podcast No
Author Bejoy Daniel
Industries Healthcare
WIP Number MG2E-01-00-00-00
Is Prebook No
GPS Codes 9600-B1,9A4B-B1