Orthopedic Implants Market – Industry Analysis and Forecast (2023-2029)

Orthopedic Implants Market is anticipated to reach US$ 8.47 Bn. by 2029 from US$ 5.52 Bn. in 2022 at a CAGR of 6.3 % during a forecast period. An orthopedic implant is a surgically implanted medical device that restores bone function by highlighting or replacing a damaged element. The worldwide orthopedic implants market is being driven by the increased frequency of orthopedic disorders such as fractures, osteoporosis, an increase in the number of traffic accidents, and arthritis. The World Health Organization (WHO) expects that rheumatoid arthritis is going to be more prevalent in women and industrialized countries. Obesity, a sedentary lifestyle, long working hours, and a growing sports culture all contribute to the early onset of musculoskeletal diseases, which is expected to drive the orthopedic implants market.Orthopedic Implants MarketTo know about the Research Methodology :- Request Free Sample Report

Orthopedic Implants Market Dynamics

Some of the reasons driving the market's growth include an increase in the incidence of orthopaedic injuries or diseases such as arthritis and osteoarthritis, as well as a rapid increase in the senior population, who are more prone to orthopaedic disorders. Additionally, technical advancements such as robot-assisted surgical instruments, adoption of implanted medical devices, and widespread use of orthopaedic implants to treat musculoskeletal, orthopaedic illnesses, and injuries contribute to market growth. In addition, the growth of the orthopaedic implants market is expected to be boosted by the increase in the mean age during the forecast period. While an aging demographic and medical innovation is expected to continue to drive growth in the orthopaedic implants market, a lack of activity and obesity lead to a high occurrence of degenerative bone disorders and osteoarthritis. This has increased the need for orthopaedic implants all across the world. With a rise in the incidence of athletic accidents and road crashes, demand for trauma-related orthopaedic implants has also been reported to be strong. Recognizing the growing need, orthopaedic implant manufacturers have created new technologies to meet it, while also increasing their product penetration and market reach. The orthopaedic implants market has seen the growth of customized and unique 3D-printed orthopaedic implants that are combined with assistive imaging techniques such as magnetic resonance imaging and computed tomography, among others. These imaging techniques for designing precise surgical designs, together with the introduction of improved robot-assisted surgical equipment, have increased patient acceptability, resulting in the continued growth of the orthopaedic implants market. The need for knee and hip orthopaedic implants is expected to rise significantly in the future years, owing to a rising number of anatomic injuries globally. Because joint and knee disorders are frequent in Asia and hip problems are more common in Europe, the sector in these countries is expected to grow steadily during the forecast period. The development of biodegradable implants and internal fixation devices is expected to give prospective growth opportunities for orthopaedic devices for various anatomical locations, boosting the market growth throughout the forecast period. However, the high expense of operations including orthopaedic implants for therapy, as well as rigorous government rules, are hampering the market growth.

Orthopedic Implants Market Segmentation Analysis

By Product, during the forecast period, the spinal implants segment is expected to grow at a CAGR of xx% in the worldwide orthopaedic implants market. Continuous growth in sports-related and road-related trauma cases, along with growing occurrences of spondylolisthesis and disc degenerative disorders, is likely to drive demand for spinal fusion procedures throughout the forecast period.Orthopedic Implants Market

Regional Insight

In 2022, the global orthopaedic implants market is expected to increase significantly in North America. The market's growth may be ascribed to factors such as rising acceptance of technologically improved surgical treatments and an increase in the incidence of orthopaedic illnesses such as osteoarthritis among the region's senior population. Furthermore, favorable reimbursement for the treatment of various musculoskeletal problems under the Medicare program is likely to support the market's growth in the region. Recognizing the growing demand, leading players in the orthopaedic implants market are concentrating on developing new technologies to meet the need while also expanding their product penetration and market reach. Orthopedic implants made using 3D printing technology are preferred by some of the market's leading companies. This technique is assisting in reducing the cost and length of surgery while also providing reasonably long-term stability. Manufacturers have made significant improvements to implant materials and processing techniques of implant parts as a result of technological advancements in the production of orthopaedic implants, making them more dependable, robust, and long-lasting. Key players, for example, are working on implants made of a new form of plastic called highly cross-linked polyethylene. However, due to factors such as increased awareness of orthopaedic implants and the development of healthcare infrastructure, Asia Pacific is expected to grow at the fastest rate over the forecast period. Also, an increase in the incidence of road accidents in developing countries, particularly in India, due to a lack of lane discipline, the use of mobile phones while driving, and other behavioural transgressions is likely to drive market growth in this region. Report Objectives: Landscape analysis of the Orthopedic Implants Market competitive benchmarking Past and current status of the industry with the forecasted market size and trends Evaluation of potential key players that include market leaders, followers, and new entrants Technology trends Potential impact of micro-economic factors of the market External and Internal factors affecting market have been analysed The report also helps in understanding the Orthopedic Implants Market dynamics, structure by analysing the market segments and project the Orthopedic Implants Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Orthopedic Implants Market make the report investor’s guide.

Orthopedic Implants Market Scope: Inquiry Before Buying

Orthopedic Implants Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2018 to 2022 Market Size in 2022: US $ 5.52  Bn
Forecast Period 2023 to 2029 CAGR: 6.3% Market Size in 2029: US $ 8.47 Bn.
Segments Covered: by Product Spinal implants Dental implants Trauma & craniomaxillofacial implants Reconstructive joint implants Orthobiologics Others
by Procedure Open Surgery Minimally Invasive Surgery (MIS) Others
by Biomaterial Metallic Biomaterials Polymer Biomaterials Ceramic Biomaterials Natural Biomaterials
by Device Type Internal Fixation Devices External Fixation Devices Orthopedic Rods/Wire Orthopedic Screws Orthopedic Plates Fixation Pins Orthopedic Nails
by Application Neck Fracture Spine Fracture Hip Replacement Knee Fracture Shoulder Replacement Others
by End-User Hospital Orthopedic Clinics Home Cares Others

Orthopedic Implants Market, by Region

Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) North America (United States, Canada and Mexico) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)

Key Players are:

1. Deputy Synthes Inc. 2. Globus Medical, Inc. 3. NuVasive, Inc. 4. Smith & Nephew plc. 5. Stryker Corporation 6. Zimmer Biomet Holdings, Inc. 7. Integra LifeSciences Holdings Corporation 8. Medtronic, plc. 9. The Orthopedic Implant Company 10. B. Braun Melsungen 11. Wright Medical Group N.V. 12. Aesculap Implant Systems 13. BioTek Instruments, Inc. 14. Conmed Corporation 15. Arthrocare Corporation 16. DJO Finance LLC 17. NuVasive, Inc.

Frequently Asked Questions:

1. What is the projected market size & growth rate of Orthopedic Implants Market? Ans- Orthopedic Implants Market was valued at USD 5.52 billion in 2022 and is projected to reach USD 8.47 billion by 2029, growing at a CAGR of 6.3% during the forecast period. 2. What are the key driving factor for the growth of Orthopedic Implants Market? Ans- Some of the reasons driving the market's growth include an increase in the incidence of orthopaedic injuries or diseases such as arthritis and osteoarthritis, as well as a rapid increase in the senior population, who are more prone to orthopaedic disorders. 3. Which Region accounted for the largest Orthopedic Implants Market share? Ans- In 2022, the global orthopaedic implants market is expected to increase significantly in North America. 4. What makes Asia Pacific a Lucrative Market for Orthopedic Implants Market? Ans- due to factors such as increased awareness of orthopaedic implants and the development of healthcare infrastructure 5. What are the top players operating in Orthopedic Implants Market? Ans- Deputy Synthes Inc., Globus Medical, Inc., NuVasive, Inc., Smith & Nephew plc., Stryker Corporation, and Zimmer Biomet Holdings, Inc.
1. Global Orthopedic Implants Market: Research Methodology 2. Global Orthopedic Implants Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Orthopedic Implants Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Orthopedic Implants Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 4.6 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Global Orthopedic Implants Market Segmentation 4.1 Global Orthopedic Implants Market, By Product (2022-2029) • Spinal implants • Dental implants • Trauma & craniomaxillofacial implants • Reconstructive joint implants • Orthobiologics • Others 4.2 Global Orthopedic Implants Market, By Procedure (2022-2029) • Open Surgery • Minimally Invasive Surgery (MIS) • Others Plant 4.3. Global Orthopedic Implants Market, By Biomaterial (2022-2029) • Metallic Biomaterials • Polymer Biomaterials • Ceramic Biomaterials • Natural Biomaterials 4.4. Global Orthopedic Implants Market, By Device Type (2022-2029) • Internal Fixation Devices • External Fixation Devices • Orthopedic Rods/Wire • Orthopedic Screws • Orthopedic Plates • Fixation Pins • Orthopedic Nails 4.5. Global Orthopedic Implants Market, By Application (2022-2029) • Neck Fracture • Spine Fracture • Hip Replacement • Knee Fracture • Shoulder Replacement • Others 4.6. Global Orthopedic Implants Market, By End-User (2022-2029) • Hospital • Orthopedic Clinics • Home Cares • Others 5. North America Orthopedic Implants Market (2022-2029) 5.1 North American Orthopedic Implants Market, By Product (2022-2029) • Spinal implants • Dental implants • Trauma & craniomaxillofacial implants • Reconstructive joint implants • Orthobiologics • Others 5.2 North America Orthopedic Implants Market, By Procedure (2022-2029) • Open Surgery • Minimally Invasive Surgery (MIS) • Others Plant 5.3. North America Orthopedic Implants Market, By Biomaterial (2022-2029) • Metallic Biomaterials • Polymer Biomaterials • Ceramic Biomaterials • Natural Biomaterials 5.4. North America Orthopedic Implants Market, By Device Type (2022-2029) • Internal Fixation Devices • External Fixation Devices • Orthopedic Rods/Wire • Orthopedic Screws • Orthopedic Plates • Fixation Pins • Orthopedic Nails 5.5. North America Orthopedic Implants Market, By Application (2022-2029) • Neck Fracture • Spine Fracture • Hip Replacement • Knee Fracture • Shoulder Replacement • Others 5.6. North America Orthopedic Implants Market, By End-User (2022-2029) • Hospital • Orthopedic Clinics • Home Cares • Others 5.7. North America Orthopedic Implants Market, by Country (2022-2029) • United States • Canada • Mexico 6. Asia Pacific Orthopedic Implants Market (2022-2029) 6.1. Asia Pacific Orthopedic Implants Market, By Product (2022-2029) 6.2. Asia Pacific Orthopedic Implants Market, By Procedure (2022-2029) 6.3. Asia Pacific Orthopedic Implants Market, By Biomaterial (2022-2029) 6.4. Asia Pacific Orthopedic Implants Market, By Device Type (2022-2029) 6.5. Asia Pacific Orthopedic Implants Market, By Application (2022-2029) 6.6. Asia Pacific Orthopedic Implants Market, By End-User (2022-2029) 6.7. Asia Pacific Orthopedic Implants Market, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. Middle East and Africa Orthopedic Implants Market (2022-2029) 7.1. Middle East and Africa Orthopedic Implants Market, By Product (2022-2029) 7.2. Middle East and Africa Orthopedic Implants Market, By Procedure (2022-2029) 7.3. Middle East and Africa Orthopedic Implants Market, By Biomaterial (2022-2029) 7.4. Middle East and Africa Orthopedic Implants Market, By Device Type (2022-2029) 7.5. Middle East and Africa Orthopedic Implants Market, By Application (2022-2029) 7.6. Middle East and Africa Orthopedic Implants Market, By End-User (2022-2029) 7.7. Middle East and Africa Orthopedic Implants Market, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America Orthopedic Implants Market (2022-2029) 8.1. Latin America Orthopedic Implants Market, By Product (2022-2029) 8.2. Latin America Orthopedic Implants Market, By Procedure (2022-2029) 8.3. Latin America Orthopedic Implants Market, By Biomaterial (2022-2029) 8.4. Latin America Orthopedic Implants Market, By Device Type (2022-2029) 8.5. Latin America Orthopedic Implants Market, By Application (2022-2029) 8.6. Latin America Orthopedic Implants Market, By End-User (2022-2029) 8.7 Latin America Orthopedic Implants Market, by Country (2022-2029) • Brazil • Argentina • Rest Of Latin America 9. European Orthopedic Implants Market (2022-2029) 9.1. European Orthopedic Implants Market, By Product (2022-2029) 9.2. European Orthopedic Implants Market, By Procedure (2022-2029) 9.3. European Orthopedic Implants Market, By Biomaterial (2022-2029) 9.4. European Orthopedic Implants Market, By Device Type (2022-2029) 9.5. European Orthopedic Implants Market, By Application (2022-2029) 9.6. European Orthopedic Implants Market, By End-User (2022-2029) 9.7. European Orthopedic Implants Market, by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 10. Company Profile: Key players 10.1. Deputy Synthes Inc. 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Deputy Synthes Inc. 10.3. Globus Medical, Inc. 10.4. NuVasive, Inc. 10.5. Smith & Nephew plc. 10.6. Stryker Corporation 10.7. Zimmer Biomet Holdings, Inc. 10.8. Integra LifeSciences Holdings Corporation 10.9. Medtronic, plc. 10.10. The Orthopedic Implant Company 10.11. B. Braun Melsungen 10.12. Wright Medical Group N.V. 10.13. Aesculap Implant Systems 10.14. BioTek Instruments, Inc. 10.15. Conmed Corporation 10.16. Arthrocare Corporation 10.17. DJO Finance LLC 10.18. NuVasive, Inc.

About This Report

Report ID 29218
Category Healthcare
Published Date July 2023
Updated Date
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