FMI Releases New Report on the Personalized Orthopaedic Implant Market 2017-2027

Orthopaedics implant is a medical device used for the replacement of missing joints, bones and or to support a damaged bones. The orthopaedics implants are mainly manufactured using biomaterials and coated by plastic. The personalized orthopaedics implants are known as custom made implants as the implants market is getting more personal and advanced with the increasing demand of patient specific implants. In personalized orthopaedics implants, new technology is playing a vital role such as 3D imaging and modeling and digital manufacturing. A planned surgical model accompanies the production steps such as designing to the made to measure prosthesis. The contract manufacturers and specialized digital manufacturing technologies drivers the growth of the personalized orthopaedics implant market.

The recent trend such as adapting the implant to the patient instead of adapting patient to the implant, to minimize the failure rate in orthopaedics operatives helping market to grow over a forecast period.

The global personalized orthopaedics implant market is segmented on the basis of product type, solution delivery type, solution type and end user.

Personalized Orthopaedic Implant Market Segmented By Product Type – Internal Fixation Devices, External Fixation Devices; By Biomaterial Type – Metallic, Ceramics, Polymers, Others; By Anatomical Location – Hip, Knee, Foot and ankle, Spine, Shoulder, Elbow, Others; By End Use – Hospitals, Orthopaedics Clinics, Ambulatory Surgical Centers, Others

The global personalized orthopaedics implant market is anticipated to register a significant CAGR over a forecast period. The rapidly growing geriatric population and increasing prevalence of the associated disorders such as osteoarthritis, osteoporosis, disc diseases, hip pain, knee pain, and low-bone density is anticipated to boost the demand of the personalized orthopaedics implants and drives the market. The increasing prevalence of sports related bone injuries also leads to the increasing demand of the orthopaedics implants and expected to boost the growth of the global personalized orthopaedics implants market. 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-favorable 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.

By Ankush Nikam | LANews.org

Image Credit: 3DPrint.com

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About Peter Coffaro 711 Articles
A growth-driven and strategic executive, Peter Coffaro commands more than 20 years of progressive management success within the orthopedic industry. Recognized by MedReps.com as one of the top medical sales influencers in the industry; he has 10 years of combined sales management experience and has held positions as a Director, General Manager and Distributor. Peter has worked for some of the top orthopedic companies in the world - Zimmer, DePuy and Stryker. He is also the founder of OrthoFeed: a popular blog that covers orthopedic news and emerging medical technologies. Peter is a three-time Hall of Fame award winner at Johnson and Johnson and has an extensive background in organizational development, business development, sales management, digital marketing and professional education. Peter holds a B.S. degree in Biology from Northern Illinois University.

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