Orthopedic Replacement Implants Market: Drivers and Developments

The global market for minor orthopedic replacement implants exceeded $1.5 billion in 2017. Analysts from The Business Research Company forecast the market value to grow at a rate of over 7 percent and to reach $2.2 billion in 2021 in their report “Minor Orthopedic Replacement Implants.”1 According to the report, the primary reason for this growth is the high incidence of arthritis and fractures. Osteoarthritis and rheumatoid arthritis are the major causes for joint replacement surgery, including minor orthopedic joints. The other cause for joint replacement surgery is failed previous joint replacement surgery. This article examines the trends that are driving this market, including a look at materials, regions, procedures, and regulatory developments that are shaping the future of orthopedic implants.