Orthopedic surgical implants help replace
deteriorated joints. This deterioration could be due to various causes like
disease, aging, injury or osteoarthritis. This is especially common in
geriatric populace. Orthopedic surgical implants relieve pain, restore movement
and offer stability to the patients. Hip and knee replacements are the most
common orthopedic implants. Reconstructive surgery of the joints is performed
to modify the affected area in order to implant one or more manufactured components.
It could involve the usage of bone cement. Main reconstructive surgeries
involve joints.
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Global market for hip and knee orthopedic surgical
implants was valued at USD 17 billion in 2015. It is projected to grow to USD
33 billion by 2022. Demand will be driven by growing geriatric population
across the world. Over 324,000 people underwent total hip replacement surgery
in 2015, in the U.S. itself. This has been possible due to technological
advancements over a period of time. Computer-assisted total hip replacement, a
recent development, has revolutionized the total hip replacement surgery
procedure.
However, reduced reimbursements by insurance
companies are adversely affecting market growth. This is forcing cost-cuts
across the supply chain. Manufacturers of orthopedic implants provide medical
instruments that are used by orthopedic surgeons while performing surgeries.
The choice of implant by a surgeon depends on his/her expertise with a
particular implant, the diagnosed condition, and the fitment of the chosen
implant with the patient. Often, surgeons pick devices that have the highest
success rate.
Interdisciplinary dialogue amongst the various
stakeholders is a key driver of growth for the global hip and knee orthopedic
surgical implants market. Collaborations and system partnerships lead to
intensive exchange of information. This results in continuous improvements in
patient care. Vendors aim to actively contribute to betterment of procurement,
application and logistic processes in the medical space.
The medical community aims to perform more efficient
joint implant surgeries in healthcare establishments. Factors aiding the
decision of the most suitable implant model include type of ailment, level of
activity of the patient, and the quality of bone.
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A wide variety of artificial hip replacement
implants are currently available. There exists little differentiation in the
various products on offer. Most models are technologically superior. Zimmer is
the leading manufacturer of implants in the global market. Zimmer Kinectiv
Technology enables a more accurate fit of the implant to the hip joint.
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