Global Orthopedic Implant Market

Global Orthopedic Implant Market Size, Share, Growth Analysis, By Product(Joint Reconstruction, Spinal Implants Trauma Implants and Others), By End-user(Hospitals & Ambulatory Surgery Centers and Orthopedic Clinics & Others) - Industry Forecast 2023-2030


Report ID: SQMIG35A2201 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 60 | Figures: 75

Global Orthopedic Implant Market Insights

Orthopedic Implant Market size was valued at USD 31.51 billion in 2021 and is poised to grow from USD 33.5 billion in 2022 to USD 54.2 billion by 2030, growing at a CAGR of 6.3% in the forecast period (2023-2030).

Orthopedic implants are devices made of metal alloys like titanium and stainless steel that are used to repair or support a broken bone. The market is expected to increase due to the rising prevalence of orthopedic illnesses and rising number of orthopedic surgeries. Additionally, it is anticipated that the patient pool for diagnosis and subsequent surgical operations for these implants would increase due to the growing geriatric populations susceptible to osteoporosis and an increased risk of bone disorders. The market expansion is expected to be supported by an expanding patient base and rise in surgical operations.

The rapid rise in the population of geriatrics, who are more susceptible to orthopedic problems, and rising prevalence of orthopedic disorders such osteoarthritis and arthritis are some of the factors driving the market expansion. The market growth is also supported by technical advancements like robot-assisted surgical instruments, acceptance of implanted medical devices, and widespread use of orthopedic implants to treat musculoskeletal, orthopedic illnesses, & injuries. But expensive treatments including orthopedic implants for treatment and strict government regulations restrain market expansion.

US Orthopedic Implant Market is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2023-2030

Global Market Size

USD 31.51 billion

Largest Segment

knee implants

Fastest Growth

knee implants

Growth Rate

6.3% CAGR

Global Orthopedic Implants Market ($ Bn)
Country Share for North America Region (%)
Global Orthopedic Implants Market By Product ($ Bn)
Global Orthopedic Implants Market By Product (%)

To get more reports on the above market click here to Buy The Report

Global Orthopedic Implant Market Segmental Analysis

Global orthopedic implant market is segmented based on the Product, end-user, and region. Based on Product, the market is segmented into Joint Reconstruction, Spinal Implants, Trauma Implants, and Others. Based on end-user, the market is segmented into Hospitals & Ambulatory Surgery Centers and Orthopedic Clinics & Others. Based on Region, it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.

Orthopedic Implant Market Analysis by Product

Based on product, the joint reconstruction segment claimed the highest share of the global market. The growing need is due to rising ageing population and number of osteoarthritis patients. The growth of the segment is predicted to be supported during the forecast period by the rising number of hip and knee operations worldwide. The growing number of spinal procedures is expected to drive the spinal implant sector to expand over the course of the projected period. The spinal implant section is further divided into segments for spinal fusion and segments for non-fusion. Workplace dangers including longer hours have led to the emergence of spinal diseases like scoliosis and spondylitis. These diseases lead to a rise in the need for spinal surgeries and, consequently, for spinal implants. During the projection period, it is predicted that the category would grow due to increased acceptance and an increase in product releases by major market participants. Due to the increased demand for trauma implants brought on by an increase in traffic accidents and athletic injuries, the trauma implants and other categories are expected to expand over the course of the projection period. As a result of an increase in traffic accidents and the subsequent rise in demand for trauma implants, this sector is predicted to have the fastest CAGR growth over the course of the study.

Orthopedic Implant Market Analysis by End-User

Based on end-user, hospitals and outpatient surgery centers held the largest market share in 2021. The large hospitals that offer implantations are to blame for the segment's domination with their wide reimbursement practises. The industry is also expected to grow as a result of manufacturer initiatives to introduce cutting-edge goods through partnerships with important hospitals and higher usage of innovative implantation techniques such robot-assisted orthopedic surgery. The installation of robotic equipment for orthopedic surgeries by prestigious hospitals in the US, the UK, and other industrialised nations has been crucial in drawing a sizable patient population for treatment at these facilities. Contrarily, the orthopedic clinics & others segment is predicted to grow at a faster rate due to the rising number of orthopedic specialists opening their own private practises as well as cutting-edge implant techniques like remote surgical implantations. These factors are expected to foster the development of the orthopedic clinics & others segment. The segment is anticipated to rise as a result of key service providers working together to increase their presence and rising demand for orthopedic surgeries. Additionally, the increased use of telemedicine for remote orthopedic consultations and scheduling of surgeries during the pandemic has given orthopedic clinics the advantage of raising patient awareness.

Global Orthopedic Implants Market By Product, 2021 (%)

To get detailed analysis on other segments, Request For Free Sample Report

Global Orthopedic Implant Market Regional Insights

North America dominated the global market, accounting for USD 23.05 billion in 2021. The rising senior population at a relatively higher risk of bone fractures and the rising frequency of orthopaedic disorders in Americans, such as osteoporosis and other relative common disorders, are anticipated to drive up demand for orthopaedic implants. The market is expected to develop as a result of rising implantation rates and rising demand for orthopaedic operations. Another important aspect influencing the growth in North America is the market companies' reliance on inorganic growth tactics, including as partnerships and collaborations, to introduce innovative implants to meet the increased need for patient-centric customization. Additionally, the strategic participation of significant market participants, like Zimmer Biomet and Stryker, among others, region and the rising use of orthopaedic implants are anticipated to support market expansion. The second-largest market share in terms of volume was held by Europe. The market expansion is being fueled by the rising number of patients suffering from osteoarthritis and other bone problems as well as strategic moves made by major industry players, like mergers and acquisitions, in the area. Additionally, the segment's growth is anticipated to be aided by the increasing use of technologically advanced items in the market, product type diversification, and regulatory approvals for these products.

However, it is predicted that the Asia Pacific market will expand at the quickest rate throughout the projection period. Improvements in bone scan diagnostics for detecting bone density among diagnostic laboratories, greater reimbursements by commercial and governmental organisations, and the growth of healthcare infrastructure have all contributed to an increase in the number of patients receiving orthopaedic treatments. This, along with favourable government regulation to encourage orthopaedic operations, is anticipated to boost market growth in Asian nations.

Latin America is growing alongside the Middle East and Africa in the global market. The expansion of medical tourism and the growing use of implants in these nations are expected to boost the number of orthopaedic surgeries during the forecast period. Furthermore, factors including rising healthcare spending by the patient population and numerous local and international firms joining these markets through mergers and collaborations are further projected to boost the growth of these regions.

Global Orthopedic Implants Market By Region, 2023-2030
  • Largest
  • Fastest

To know more about the market opportunities by region and country, click here to
Buy The Complete Report

Global Orthopedic Implant Market Dynamics

Orthopedic Implant Market Driver

  • The likelihood of bone diseases, fractures, and bone porosity increasing with age are among problems that make geriatrics a suitable patient population for orthopedic implants. During the research period, orthopedic treatments are anticipated to increase due to the growing geriatric population and geriatrics' greater risk of bone fractures from fragility and other bone disorders. The market is predicted to be driven by the rising number of orthopedic treatments and different government initiatives to facilitate reimbursements for the patient population. This component is anticipated to increase the likelihood of osteoarthritis and other bone-related illnesses. Competition among the major market participants has increased as a result of the rising demand for implantable orthopedic devices. Additionally, greater bone implant demand and fiercer competition have encouraged key market competitors to engage in the creation of unique, customizable implants. After receiving final 510k permission and passing regulatory testing, the funding will be used to launch the interbody spinal fusion implant. Domestic players are soliciting investments from industry insiders to launch innovative implants. The market expansion is predicted to be supported by an increasing number of product launches to meet the growing demand for implants.

Orthopedic Implant Market Restraint

Request Free Customization of this report to help us to meet your business objectives.

Global Orthopedic Implant Market Competitive Landscape

Global orthopedic implant market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.

Orthopedic Implant Market Top Player's Company Profiles

  • Johnson & Johnson
  • Stryker Corporation
  • Zimmer Biomet Holdings Inc.
  • Medtronic plc
  • Smith & Nephew plc
  • DePuy Synthes Companies (a subsidiary of Johnson & Johnson)
  • NuVasive, Inc.
  • Globus Medical, Inc.
  • Wright Medical Group N.V.
  • B. Braun Melsungen AG
  • DJO Global Inc.
  • Conmed Corporation
  • Arthrex, Inc.
  • Integra LifeSciences Corporation
  • Exactech, Inc.
  • Acumed LLC
  • LimaCorporate S.p.A.
  • Waldemar Link GmbH & Co. KG
  • Orthofix Medical Inc.
  • Tecomet, Inc.

Orthopedic Implant Market Recent Developments

  • In March 2022, Zimmer Biomet announced the launch of WalkAl. The Artificial Intelligence (Al) model identifies patients predicted to have a lower walking speed post hip replacements. The WalkAl is further integrated into the company's ZBEdge Connected Intelligence Suite, providing it a competitive edge in the bone implants market.
  • In January 2022, Smith & Nephew announced the acquisition of Engage Surgical. The investment involves procurement of Engage's cementless partial knee system. The newly acquired implant is compatible with Smith & Nephew's proprietary CORI robotic surgical system.
  • In May 2021, THINK Surgical, Inc. announced the U.S. Food and Drug Administration approval of Balanced Knee System (BKS) and BKS TriMax implants combined with THINK Surgical's TSolution One Total Knee Application.

Global Orthopedic Implant Key Market Trends

  • The demand for bone implants has increased as a result of rise in orthopedic operations. As a result of the increasing demand for implantable medical devices, implants can now be customised as each patient presents the surgeon with a unique set of obstacles. Additionally, personalization gives the orthopaedic specialist the opportunity to use several methods to install an implant. Robot-assisted orthopaedic surgery performed entirely remotely, portable navigation to direct the surgeon during the implant, and guidance software driven by artificial intelligence (AI) will all see increased market use. Furthermore, one of the main orthopaedic implants market trends in the production of these devices is the use of 3D printing to create specialised implants to create a multi-layered composite implant. This is because the technology allows for customization, and various key players have invested in it. The market is expected to be boosted by the rising support that governments around the world are giving to domestic manufacturing and development of cutting-edge medical products like implants.

Global Orthopedic Implant Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.

According to our Global orthopedic implant market analysis, in terms of product, the joint reconstruction segment held larger market share owing to ageing of the population and the number of osteoarthritis patients. In terms of end user, the Hospitals and outpatient surgery centres segment dominates the market due to rising demand. Moreover, growing geriatric population and prevalence of orthopaedic diseases are expected to boost market growth, but expensive orthopaedic implants and their associated side effects are expected to restrain market growth.

Report Metric Details
Market size value in 2021 USD 31.51 billion
Market size value in 2030 USD 54.2 billion
Growth Rate 6.3%
Base year 2021
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Product
    • Joint Reconstruction, Spinal Implants Trauma Implants and Others
  • End-user
    • Hospitals & Ambulatory Surgery Centers and Orthopedic Clinics & Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Johnson & Johnson
  • Stryker Corporation
  • Zimmer Biomet Holdings Inc.
  • Medtronic plc
  • Smith & Nephew plc
  • DePuy Synthes Companies (a subsidiary of Johnson & Johnson)
  • NuVasive, Inc.
  • Globus Medical, Inc.
  • Wright Medical Group N.V.
  • B. Braun Melsungen AG
  • DJO Global Inc.
  • Conmed Corporation
  • Arthrex, Inc.
  • Integra LifeSciences Corporation
  • Exactech, Inc.
  • Acumed LLC
  • LimaCorporate S.p.A.
  • Waldemar Link GmbH & Co. KG
  • Orthofix Medical Inc.
  • Tecomet, Inc.
Customization scope

Free report customization with purchase. Customization includes:-

  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.

Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share

Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Orthopedic Implant Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Orthopedic Implant Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Orthopedic Implant Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Orthopedic Implant Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Orthopedic Implant Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Orthopedic Implant Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Orthopedic Implant Market size was valued at USD 31.51 billion in 2021 and is poised to grow from USD 33.5 billion in 2022 to USD 54.2 billion by 2030, growing at a CAGR of 6.3% in the forecast period (2023-2030).

Global orthopedic implant market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'Johnson & Johnson', 'Stryker Corporation', 'Zimmer Biomet Holdings Inc.', 'Medtronic plc', 'Smith & Nephew plc', 'DePuy Synthes Companies (a subsidiary of Johnson & Johnson)', 'NuVasive, Inc.', 'Globus Medical, Inc.', 'Wright Medical Group N.V.', 'B. Braun Melsungen AG', 'DJO Global Inc.', 'Conmed Corporation', 'Arthrex, Inc.', 'Integra LifeSciences Corporation', 'Exactech, Inc.', 'Acumed LLC', 'LimaCorporate S.p.A.', 'Waldemar Link GmbH & Co. KG', 'Orthofix Medical Inc.', 'Tecomet, Inc.'

The likelihood of bone diseases, fractures, and bone porosity increasing with age are among problems that make geriatrics a suitable patient population for orthopedic implants. During the research period, orthopedic treatments are anticipated to increase due to the growing geriatric population and geriatrics' greater risk of bone fractures from fragility and other bone disorders. The market is predicted to be driven by the rising number of orthopedic treatments and different government initiatives to facilitate reimbursements for the patient population. This component is anticipated to increase the likelihood of osteoarthritis and other bone-related illnesses. Competition among the major market participants has increased as a result of the rising demand for implantable orthopedic devices. Additionally, greater bone implant demand and fiercer competition have encouraged key market competitors to engage in the creation of unique, customizable implants. After receiving final 510k permission and passing regulatory testing, the funding will be used to launch the interbody spinal fusion implant. Domestic players are soliciting investments from industry insiders to launch innovative implants. The market expansion is predicted to be supported by an increasing number of product launches to meet the growing demand for implants.

The demand for bone implants has increased as a result of rise in orthopedic operations. As a result of the increasing demand for implantable medical devices, implants can now be customised as each patient presents the surgeon with a unique set of obstacles. Additionally, personalization gives the orthopaedic specialist the opportunity to use several methods to install an implant. Robot-assisted orthopaedic surgery performed entirely remotely, portable navigation to direct the surgeon during the implant, and guidance software driven by artificial intelligence (AI) will all see increased market use. Furthermore, one of the main orthopaedic implants market trends in the production of these devices is the use of 3D printing to create specialised implants to create a multi-layered composite implant. This is because the technology allows for customization, and various key players have invested in it. The market is expected to be boosted by the rising support that governments around the world are giving to domestic manufacturing and development of cutting-edge medical products like implants.

North America dominated the global market, accounting for USD 23.05 billion in 2021. The rising senior population at a relatively higher risk of bone fractures and the rising frequency of orthopaedic disorders in Americans, such as osteoporosis and other relative common disorders, are anticipated to drive up demand for orthopaedic implants. The market is expected to develop as a result of rising implantation rates and rising demand for orthopaedic operations. Another important aspect influencing the growth in North America is the market companies' reliance on inorganic growth tactics, including as partnerships and collaborations, to introduce innovative implants to meet the increased need for patient-centric customization. Additionally, the strategic participation of significant market participants, like Zimmer Biomet and Stryker, among others, region and the rising use of orthopaedic implants are anticipated to support market expansion. The second-largest market share in terms of volume was held by Europe. The market expansion is being fueled by the rising number of patients suffering from osteoarthritis and other bone problems as well as strategic moves made by major industry players, like mergers and acquisitions, in the area. Additionally, the segment's growth is anticipated to be aided by the increasing use of technologically advanced items in the market, product type diversification, and regulatory approvals for these products.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global Orthopedic Implant Market

Product ID: SQMIG35A2201

$5,300
BUY NOW GET FREE SAMPLE