Orthopedic Implants Market Size, Growth & Trends 2023-2028

Orthopedic Implants Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A5983

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Market Overview:

The global orthopedic implants market size reached US$ 50.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 67.8 Billion by 2028, exhibiting a growth rate (CAGR) of 4.8% during 2023-2028.

An orthopedic implant is a medical device primarily designed for repairing or replacing a deformed or damaged bone, joint, or cartilage. It is made of stainless steel and titanium alloys to provide strength and coated with a plastic layer for serving as an artificial cartilage. It is widely used in spinal fusion surgery for the treatment of back pain as well as for hip and joint replacement. As a result, it finds extensive applications in hospitals, orthopedic clinics, and ambulatory surgical centers across the globe.

Orthopedic Implants Market Trends:

There is presently a rise in the number of orthopedic operations being performed globally due to increasing traumas, injuries, and accidents. This, along with the growing bone density issues and middle-age bone diseases among individuals, represents one of the driving market factors. Moreover, there is an increase in the utilization of orthopedic implants to treat musculoskeletal across the globe. This, coupled with the rising geriatric population around the world, is propelling the growth of the market. In addition, governments of several countries are extensively investing in healthcare infrastructure, which is positively influencing the market. Besides this, the growing prevalence of orthopedic diseases, such as arthritis and osteoarthritis worldwide, are catalyzing the demand for orthopedic implants. Apart from this, technological advancements in orthopedic implants, such as robot-assisted surgical tools, are strengthening the market growth. Other growth-inducing factors are rapid urbanization, inflating disposable income of individuals and the expanding healthcare industry. Furthermore, major industry vendors are focusing on research and development (R&D) activities to develop bioresorbable implants and internal fixation devices, which is projected to bolster the growth of the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global orthopedic implants market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, type, biomaterial and end user.

Breakup by Product:

Reconstructive Joint Replacements
- Knee Replacement Implants
- Hip Replacement Implants
- Extremities
Spinal Implants
- Spinal Fusion Implants
- Vertebral Compression Fracture (VCF) Devices
- Motion Preservation Devices/Non-Fusion Devices
Dental Implants
- Root Form Dental Implants
- Plate Form Dental Implants
Trauma
Orthobiologics
- Demineralized Bone Matrix (DBM)
- Allograft
- Bone Morphogenetic Protein (BMP)
- Viscosupplementation Products
- Synthetic Bone Substitutes
- Others
Others

Breakup by Type:

Knee
Hip
Wrist and Shoulder
Dental
Spine
Ankle
Others

Breakup by Biomaterial:

Metallic Biomaterials
- Stainless Steel
- Titanium Alloy
- Cobalt Alloy
- Others
Ceramic Biomaterials
Polymers Biomaterials
Others

Breakup by End User:

Hospitals
Orthopedic Clinic
Ambulatory Surgical Centers
Others

Breakup by Region:

North America
- United States
- Canada
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Arthrex Inc., Auxein Medical, B. Braun Melsungen AG, CONMED Corporation, Globus Medical Inc., Integra LifeSciences, Johnson & Johnson, Medtronic Plc, Narang Medical Limited, Orthopaedic Implant Company, Smith & Nephew plc, Stryker Corporation and Zimmer Biomet.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2022
Historical Period	2017-2022
Forecast Period	2023-2028
Units	US$ Billion
Segment Coverage	Product, Type, Biomaterial, End User, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Arthrex Inc., Auxein Medical, B. Braun Melsungen AG, CONMED Corporation, Globus Medical Inc., Integra LifeSciences, Johnson & Johnson, Medtronic Plc, Narang Medical Limited, Orthopaedic Implant Company, Smith & Nephew plc, Stryker Corporation and Zimmer Biomet
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global orthopedic implants market was valued at US$ 50.6 Billion in 2022.

We expect the global orthopedic implants market to exhibit a CAGR of 4.8% during 2023-2028.

The sudden outbreak of the COVID-19 pandemic had led to postponement of elective orthopedic surgeries to reduce the risk of the coronavirus infection upon hospital visits and interaction with medical equipment, thereby negatively impacting the global market for orthopedic implants devices.

The rising prevalence of orthopedic diseases, such as arthritis and osteoarthritis, along with the increasing adoption of bioresorbable implants and internal fixation devices, is primarily driving the global orthopedic implants market.

Based on the product, the global orthopedic implants market can be categorized into reconstructive joint replacements, spinal implants, dental implants, trauma, orthobiologics, and others. Currently, reconstructive joint replacements account for the majority of the total market share.

Based on the type, the global orthopedic implants market has been segregated into knee, hip, wrist and shoulder, dental, spine, ankle, and others. Among these, knee currently holds the largest market share.

Based on the biomaterial, the global orthopedic implants market can be bifurcated into metallic biomaterials, ceramic biomaterials, polymers biomaterials, and others. Currently, metallic biomaterials exhibit a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global orthopedic implants market include Arthrex Inc., Auxein Medical, B. Braun Melsungen AG, CONMED Corporation, Globus Medical Inc., Integra LifeSciences, Johnson & Johnson, Medtronic Plc, Narang Medical Limited, Orthopaedic Implant Company, Smith & Nephew plc, Stryker Corporation, and Zimmer Biomet.

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