Orthopedic Implants Market Analysis, By Product, Procedure and End-Use- Global Forecast 2031
The Global Orthopedic Implants Market is projected to witness notable growth owing to the increasing number of osteoarthritis and osteoporosis, aging population, increasing trauma from motor vehicle accidents and sports injuries affecting the market growth. These needs have forced orthopedic implant manufacturers to develop new biomaterials, for corrosion resistance, biocompatibility and wear resistance of existing facilities have improved. The market value stood at USD 33.50 Billion in 2022 and is expected to grow from USD 35.61 Billion in 2023 to reach USD 58.06 Billion by the end of 2031.
Lower Extremity Implants Sub-segment to Hold Dominating Position in Product Segment
The lower extremity implants segment dominated the market by 2023 with a peak revenue share of 52.6%. The increase can be attributed to an aging population, increasing orthopedic conditions, advances in implants & sculpting, and increasing demand for quality-of-life improvement through surgical intervention participate in increasing numbers. For example, in October 2023, DePuy Synthes, a subsidiary Johnson & Johnson Medical Devices Companies, received FDA approval for the TRILEAP Lower Extremity Anatomic Plating System.
View more info and detailed Table of Contents here:
https://www.skyquestt.com/report/orthopedic-implants-market
Asia-Pacific is Growing in the Market with Major Revenue Generation from China
The global orthopedic implants market in Asia Pacific is expected to be the fastest growing regional market globally. Rapidly developing healthcare infrastructure in key countries such as India, China, & Japan, as well as growing medical tourism industry drives the demand for new orthopedics in the region. The global orthopedic implants market in China is expected to grow during the forecast period. China, the most populous country in the world, is a lucrative market for orthopedic implants. This is driven by the growing aging population of the country. Medical tourism is increasing in the country, healthcare is constantly improving, patients are becoming more aware of commercial orthopedics, all these factors contribute to the growth of the market in the country.
The Global Orthopedic Implants Market is semi-consolidated, occupied by major manufacturers such as LimaCorporate S.p.A., MicroPort Scientific Corporation, ConforMIS, Inc., Exactech, Inc., Invibio Biomaterial Solutions, Aesculap Implant Systems, LLC (a subsidiary of B. Braun Melsungen AG), Acumed, LLC, Tornier N.V. (acquired by Wright Medical Group N.V.), Alphatec Holdings, Inc., Integra LifeSciences Holdings Corporation, Corin Group, FH, Orthopedic, Medacta, Pega Medical, Orthofix Medical, Inc. catering to market needs.
Growing Number of Patients Suffering from Orthopedic Injuries Boosts the Market Growth
Increasing patient acceptance of the combination of implants and imaging modalities is the major driving factor for the global orthopedic implants market. Furthermore, the adoption of treatments, such as extensive paradigm shifting from conventional invasive surgery to minimally invasive techniques for orthopedic diseases or disabilities. In addition, 3D printed bone implants and imaging modalities including MRI and CT, as well as a wide range of applications in various applications such as oncology and traumatology, as well as spine surgery, are expected to grow the global orthopedic implants market.
To know more about the Global Orthopedic Implants Market, refer to Orthopedic Implants Market Size, Share, Growth Analysis, By Product, Procedure, End User - Industry Forecast 2024–2031 (skyquestt.com)
Related Reports:
Metal Implants and Medical Alloys Market
Contact:
Mr. Jagraj Singh
Skyquest Technology
1 Apache Way,
Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email: [email protected]
Visit Our Website: https://www.skyquestt.com/
USA (+1) 351-333-4748
