Economic Impact Analysis of COVID19 on Global Orthopedic Implant Market Report

Economic Impact Analysis of COVID-19 Pandemic on Global Orthopedic Implant Market Report - Global Market Share, Trend, Economic Indicator Analysis & Forecast , 2019 - 2028

Report Code : 10112 | Publish Date : Sep 2020 | Industry : Healthcare | Geography : Global

Constant development in the implants technologies have helped the orthopedic industry to maintain a steady growth over the last decade Orthopedic implants help prevent and treat injuries or deformities of the musculoskeletal system. Number of people undergoing joint replacement surgery, such as total hip and knee replacement, has increased steadily and continues to do so, due to a rise in geriatric population. Innovation in anaesthesia techniques and the increasing adoption of minimally invasive procedures have added to the market value in recent years.

Orthopedic Implant Market COVID-19 Impact

The impact of the coronavirus pandemic and the lockdown it triggered is clearly visible in across all the verticals. The orthopedic industry has also taken a hit. Manufacturers of orthopedic devices and their suppliers will face greater challenges in the coming months. The stock market has been quick to reflect the epidemic’s impact. Global market indexes and orthopedic firms’ stock prices dropped significantly during the last couple of months. Major players of the market including DePuy Synthes, Zimmer Biomet, and Stryker experienced stock price declines after COVID-19 news. the medical device manufacturers across globe are finding it difficult to source important raw materials and electronic components from Chinese factories. The exclusive COVID-19 Impact Analysis report by Axiom MRC explores the outbreak of COVID-19, its impact on the global and regional economies, and its implications on the orthopedic implant market. The report studies the effect of the pandemic on the global economy by evaluating factors like GDP, healthcare expenditure, regulatory framework, business investment, key players marketing strategies, key supply and demand-side factors, epidemiological swing factors, inventory, and governmental policies & decisions.  

Segment Review

The global orthopedic implants market is analysed based on product, biomaterial and region. Based on product, it is classified into reconstructive joint replacements (knee, hip, and extremitie) spinal implants (spinal fusion devices, non-fusion devices/motion preservation devices, and invasive spinal bone stimulators), dental implants, trauma & craniomaxillofacial, orthobiologics (allografts, bone graft substitutes, and cell-based matrices)and others.The various kinds of biomaterials such as metallic, ceramic, polymeric, and natural biomaterials are used to manufacture orthopdic implants  The global Orthopedic Implant market is studied across various key countries of regions such as North America, Europe, Asia Pacific and Rest of the World. North America captured the largest market share and is expected to maintain its dominance throughout the forecast period. The presence of a well-defined regulatory framework, recommendations of government and healthcare agencies, and the current high adoption rate of minimally invasive procedures are the major factors supporting the growth of the market in North America.

Orthopedic Implant Market Key Players

The key competitors of this market include Johnson & Johnson (DePuy Synthes), Zimmer Biomet Holdings, Inc., Stryker Corporation, Medtronic Plc, and Smith and Nephew Plc., Wright Medical Group N.V., CONMED Corporation., Arthrex, Inc., and  DJO Finance LLC, and Globus Medical Inc. among other. 

Economic Impact Analysis of COVID-19 on Global Orthopedic Implant Market Report Key Highlights:

  • To Estimate and Forecast Global Orthopedic Implant Market Considering Economic Impact of COVID19 Pandemic 
  • To Study Economic Impact of CVOID 19 Pandemic on global Orthopedic Implant market Value Chain 
  • Medical Tourism
  • Economic Impact on End users/ Consumer (Demand Side Analysis)
  • Economic Impact on End users/ Consumer (Demand Side Analysis)
  • Economic Indicators Analysis by Countries and Impact on Orthopedic Implant Market of respective Countries for GDP, Healthcare Expenditure, and Government Policies
  • Competitive Landscape including Key Strategies Opted by Companies, Company Profiles etc. 

The repercussion of the COVID-19 necessitates a speculative future for economies and industries. Amongst continuous and constant developments, Axiom team of experts will bring to you timely updates about the Global Economic Impact of COVID-19.

Why to buy this report:

  • The report offers changing market dynamics in the orthopedic implant market, presenting historical, current and projected market size in terms of value (USD Million)
  • The research study provides an in-depth analysis of the industry value chain focusing on the peer and parent markets of clinical nutrition
  • It presents a comprehensive assessment of geographical regions exhibiting promising growth, potential and niche segments, and a neutral perspective on the orthopedic implant market performance considering the COVID-19 pandemic