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 implantsmarket 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
Spinal Fusion Implants
Vertebral Compression Fracture (VCF) Devices
Motion Preservation Devices/Non-Fusion Devices
Root Form Dental Implants
Plate Form Dental Implants
Demineralized Bone Matrix (DBM)
Bone Morphogenetic Protein (BMP)
Synthetic Bone Substitutes
Breakup by Type:
Wrist and Shoulder
Breakup by Biomaterial:
Breakup by End User:
Ambulatory Surgical Centers
Breakup by Region:
Middle East and Africa
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.
Base Year of the Analysis
Product, Type, Biomaterial, End User, Region
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
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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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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