The growing number of outpatient surgeries is a key factor influencing the global orthopedic implants market, according to a Technavio report.
Five market insights:
1. The global orthopedic implants market is expected to grow at a more than 4 percent compound annual growth rate between 2019 and 2023.
2. Advances in surgical techniques, implant designs, comprehensive blood management, multimodal pain and postoperative care management have significantly reduced hospital length of stay for patients who receive orthopedic implants.
3. New product launches are also driving the market forwards, and implant manufacturers are increasingly developing implants comprised of highly cross-linked polyethylene to slow down implant wear.
4. The joint reconstruction implants segment held the largest market share in 2018, comprising more than 68 percent.
5. The Americas led the market in 2018 with a market share of nearly 57 percent. The region is expected to dominate the market through 2023, with a nearly 2 percent projected market share increase.