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Pharmaceutical

Orthopedic Repair Market Projected To Witness Vigorous Expansion By 2031

Mass technological transformation of the global healthcare industry has left key market participants struggling to traverse the complexities of medical and life sciences. Given the shifting dynamics of the global healthcare sector, pharma and biotech companies are taking measured efforts to improve patient outcomes in an effective manner, while keeping a careful watch on the bottom line.Much is being said about Artificial Intelligence taking over manual back office and supply chain operations in the healthcare ecosystem, threatening to replace physicians from critical claims processing roles. This might put pressure on pharmaceutical companies to ensure readiness to the new technology.

Big data and analytics will drive patient outcomes in a big way, and the coming years will witness a growing emphasis on healthcare service providers in the business of gathering and processing patient health data.

Creating outcome-oriented financial models to maximize reimbursements in value-based healthcare will be a strategic shift from the traditional fees-for-services model. This implies that pharmaceutical companies will need to devise appropriate measures to optimize costs and improve the quality of patient care.

Market Overview

Orthopedic repair is also called orthopedic surgery or orthopedics, which is a branch of medicine that deals with the conditions involving the musculoskeletal system. Orthopedic doctors use both, surgical and non-surgical means to treat musculoskeletal anomalies, spinal anomalies, and sports and trauma injuries.

Orthopedic repair is basically performed on the musculoskeletal system. This includes the bones, joints, muscles, ligaments, cartilages, nerves, and connective tissues which bind various parts of the body together. A musculoskeletal anomaly in any part of the body can have an enormous impact on an individual’s day-to-day activities.

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There are a range of treatments in order to correct such problems. The most common treatment method for various orthopedic injuries and conditions is the construction and repair of the injured body part with a surgery. Surgical construction and repair of a joint, bone, muscle, cartilage or nerve can be completed with various procedures like fusion, internal fixation, osteotomy, soft tissue repair, and arthroscopy.

Orthopedic Repair Market: Drivers and Restraints

The growing prevalence and recurrence of diverticular disease is expected to be the major factor driving the growth of the orthopedic repair market over the forecast period. It is anticipated that several areas will affect the orthopedic repair market. Patient-specific surgeries and implants are expected to drive the orthopedic repair market.

Various tools have been developed in the orthopedic repair market in order to improve accuracy, and also by customizing surgical cutting blocks to a patient’s anatomy. In personalized healthcare, various surgeries in the orthopedic repair market, such as spinal, maxillofacial, and prosthetic devices will drive the orthopedic repair market. However, high prices and lack of awareness in developing economies are expected to hinder the growth of the orthopedic repair market.

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Orthopedic Repair Market: Segmentation

Tentatively, the global orthopedic repair market can be segmented on the basis of surgery type, end user, and geography.

Based on surgery type, the global orthopedic repair market is segmented as:

  • Upper Extremity
    • Shoulder Anthroscopy
    • Shoulder Surgery
    • Maxillofacial Surgery
    • Shoulder Replacement
    • Orthogonathic Surgery
    • Hand Surgery
    • Wrist Surgery
  • Lower Extremity
    • Anterior Crutiate Ligament Reconstruction
    • Knee Replacement Surgery
    • Tibial Nailing
    • Minimally Invasive Forefoot Surgery
    • Femoral Fracture Surgery
    • Meniscal Transplantation
    • Hip Surgery
    • Hip Replacement
  • Spinal Surgery
    • Spinal Surgery
    • Spinal Osteosynthesis Surgery
    • Percutaneous Kyphoplasty
    • Percutaneous Vertebroplasty
    • Inter-body Fusion Surgery
  • Bones
    • Bone Cement Injection
    • Bone Grafting
  • Traumatology

Based on end user, the global orthopedic repair market is segmented as:

  • Hospitals
  • Orthopedic Clinics
  • Ambulatory Surgical Centers
  • Trauma Centers

Based on geography, the global orthopedic repair market is segmented as:

  • North America
    • S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Chile
    • Peru
    • Rest of LATAM
  • Europe
    • EU – 4 (Germany, France, Italy, Spain)
    • K.
    • BENELUX (Belgium, Netherlands, Luxemburg)
    • NORDIC (Norway, Denmark, Iceland, Sweden)
    • Eastern Europe (Poland, Ukraine, Czech Rep., etc.)
    • Rest of Europe
  • CIS & Russia
  • Japan
  • APEJ
    • Greater China
    • India
    • Korea
    • ASEAN Countries
    • Rest of APEJ
  • Middle East & Africa
    • GCC Countries
    • Turkey
    • Iran
    • Israel
    • South Africa
  • Rest of MEA

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Orthopedic Repair Market: Key Players

The global market for Orthopedic Repair Market is highly fragmented. Examples of some of the key players operating in the global orthopedic repair market are

  • Zimmer Biomet
  • Z-Medical GmbH + Co. KG
  • USTOMED INSTRUMENTE
  • Synimed Synergie Ingénierie Médicale SARL
  • Stryker Corporation
  • Joline GmbH & Co. KG
  • JEIL MEDICAL CORPORATION
  • iMEDICOM
  • EgiFix Medical

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