Orthopedic implants are the devices that are surgically inserted into the body and are intended to reinstate function by restoring or strengthening a damaged structure. Global Orthopedic Implants Market is booming internationally. The orthopedics market covers a wide range of medical devices, from bone cement and surgical power tools to joint replacement implants and prosthetic limbs, all of which aim to provide patients with increased mobility. Driven largely by the aging population and patients’ desire to maintain an active lifestyle, the global orthopedics market was valued at $52.7B in 2017. GlobalData expects this market will grow to $66.3B in 2023 at a steady Compound Annual Growth Rate (CAGR) of 3.9%.
GPC Orthopedic Implants & Instruments are globally reputed for their high quality, precision and durability. Our Orthopedic Surgery Instruments & Implants, in large quantities are regularly exported to many different countries including those in Europe. Meeting customized requirements of Orthopedic Surgery Instruments and Implants is our specialty. Most of our Orthopaedic Implants including spinal system, intramedullary interlocking nail, locking/non-locking bone plates & screws are US FDA 510(K) approved. GPC is the only Indian Company so far to have achieved this distinction in the field of Orthopaedic/Medical Equipment.
Our wide range of Orthopaedic Implants & Surgical Equipment includes Bone Screws, Plates, Intramedullary Nails, Maxillofacial Implants, Knee Implants, Hip Prosthesis, Spinal Implant System, Locking Plate System, External Fixators, Power Tools, General Orthopedic Instruments, Instruments Sets, Surgical Drills, Arthroscopy Instrumentation, etc. etc.
Scope of orthopedic Implants
GPC Medical Orthopedic Implants occupy a lion’s share in the international orthopedic implant market. Orthopedic implants are associated with the musculoskeletal system. For instance, to treat a backache orthopedic implants such as bone plates or bone screws are utilized in spinal fusion surgery. Fixation of damaged bone fragments as well as implant components is used for hip, knee and any other joint replacement. The material applied in orthopedic implants must be biocompatible to avert rejection by the body.
Orthopedic implants are manufactured to replace or support a missing or damaged bone or joint. These implants are intended to treat the deformities, stabilize body posture, and restore the normal skeletal function. The orthopedic implants market has witnessed a shift from conventional surgical procedures to the use of modern fixation and prosthetic devices. The demand for orthopedic implants has increased significantly, owing to rise in geriatric population that increases the risk of osteoporosis, osteoarthritis, technological innovations in the orthopedic implants, and other musculoskeletal disorders. GPC Medical knows how to keep up with technological demands and adapt via their innovation laboratories with experienced surgeons and engineers.
Orthopedic Implants Market Synopsis
Almost every orthopedic implant present in the market in the current scenario, come under the class III category, which is the most scientifically meticulous classification of medical devices. Individuals facing immobility issues due to terrible accidental or traumatizing cases have no other alternative but to opt for major joint replacement surgeries. This can eventually provoke a radical change in people’s quality of life by relieving pain and reviving their physical independence.
The global orthopedic implants market is segmented based on product, biomaterial, and geography. Based on product, it is classified as reconstructive joint replacements, spinal implants, dental implants, trauma & craniomaxillofacial, orthobiologics, and others. The reconstructive joint replacements market is further divided into the knee, hip, and extremities. Spinal implants are further categorized into spinal fusion devices, non-fusion devices/motion preservation devices, and invasive spinal bone stimulators. Dental implants are further bifurcated into root form dental implants and plate form dental implants. Trauma & Craniomaxillofacial are further categorized into screws, plates, staples, and others. Orthobiologics are further classified into allografts, bone graft substitutes, and cell-based matrices. Based on biomaterials, it is categorized into metallic, ceramic, polymeric, and natural biomaterials. Among biomaterials, the metallic segment occupied dominant share in 2016 and is expected to maintain this trend during the forecast period, owing to their exclusive load-bearing properties.
Factors Leveraging Market Share
Rising geriatric population susceptible to increased risk of osteoarthritis, osteoporosis, and obesity lowered bone density; increased body mass index and other musculoskeletal disorders are the vital factors driving the growth of the global orthopedic implants market. Furthermore, a significant rise in the number of sports-related injuries and road accidental cases are another contributors stimulating market growth. Besides, technological advancement, innovative procedures, and swiftly growing healthcare industry further incite the growth of the market.
Moreover, the launch of internal fixation devices and biodegradable implants holds the higher potential for future prospects of orthopedic implants. However, unfavorable reimbursement policies, rigid guidelines authorization procedures, the high cost of the treatment might hamper the market development.
Additionally, the risk associated with orthopedic implants including implants coming loose or breakage in the bone causing painful inflammation and infections together with the possibility of implant rejection could also serve major roadblock to market expansion.
Technological approach GPC Medical
The impact of the driving factors is expected to surpass the effect of restraints. Moreover, GPC Medical’s increase in R&D in orthopedic implants and the untapped emerging economies are expected to provide new innovative products to orthopedic implants market in the near future.
Future of Global Orthopedic Market
Moving into 2018, there are several areas to watch that GlobalData anticipates will affect the orthopedics markets. Patient-specific implants are expected to drive growth in the hip and knee markets, as is patient-specific instrumentation (PSI), a tool developed to improve accuracy in total knee arthroplasty procedures by customizing the surgical cutting blocks to the patient’s anatomy. Similarly in the vein of personalized healthcare, 3D printing in a variety of orthopedic markets, including spinal intrabodies, craniomaxillofacial implants, and prosthetic devices, will advance physicians’ ability to provide customized solutions to patients. GPC Medical Limited aims to absorb all these changes to make availability of the best quality implants based on these technologies.
A Futuristic Approach
GPC Medical believes in growth and advancement. This is why it keeps a futuristic approach with orthopedic implants. Minimally invasive and robotic surgical systems are a growing trend in orthopedic surgeries, and major orthopedic players, including Medtronic, Stryker, Smith & Nephew, and DePuy, are taking steps to ensure they remain competitive with their Mazor X, Mako, NAVIO, and PUREVUE systems, respectively. Lastly, a shift in the US towards value-based healthcare, including Medicare’s Comprehensive Care for Joint Replacement (CJR) model, will continue to impact both orthopedic manufacturers and physicians, as will the move towards outpatient procedures in ambulatory surgical centers (ASCs). GPC Medical Limited is not ready to stop at any point, as we keep adopting these technological advancements.
Why GPC Medical Limited?
GPC Medical Limited is the oldest orthopedic implants manufacturer and international supplier. Our technology labs remain busy in innovating and manufacturing Trauma Implants with modern technology machines viz. Sliding Head Turning Center, Multiple Axis VMC, CNC Wire Cutting, CNC Deep Hole Drilling, Mechanized sharpening & surface finishing machines.
Apart from our wonderful market acceptance along with the biggest manufacturing portfolio of over a thousand products in growing a worldwide market, we have built relationships based on trust and reliability. We follow internationally standardized protocols with precision throughout the manufacturing and innovating process.
GPC Medical Futuristic Facilities
GPC Medical Limited Manufactures Orthopedic Implants and Instruments product ranges which are packed in packages manufacture from the extraordinary material which is best and suited for orthopedic implants manufacturing process. Further, implants and instruments are marked with Cat Numbers, Batch Numbers and complete description with computer laser marking techniques. GPC medical remains conscious about its internationally renowned reputation and stringent compliance of international standards.