The demand for orthopedics has increased significantly, mainly due to the rise in the geriatric population, which increases the risk of osteoarthritis, osteoporosis, technological innovations in orthopedic implants, and other musculoskeletal disorders. However, high costs associated with procedures involving orthopedic implant treatment and stringent government policies for approval of orthopedic implants can hamper the orthopedic implants market growth during the review period.
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