What is the global market size of Orthopedic Implants Market?

Orthopedic Implants Market size was valued at around USD 31.51 billion in 2021 and is expected to rise from USD 33.50 billion in 2022 to reach a value of USD 54.2 Billion by 2030, at a CAGR of 6.3% over the forecast period (2022–2030).

Who are the key vendors in the Global Orthopedic Implants Market?

In order to preserve a competitive edge, the major corporations are implementing methods including new product launches, acquisitions, mergers, collaborations, and partnerships. In June 2021, DJO purchased Mathys AG Bettlach, a Swiss business that creates ground-breaking products for synthetic bone graft remedies, sports medicine, and artificial joint replacement. This purchase improves the company's ability to create and provide cutting-edge orthopedic solutions. 'Zimmer Biomet Holdings, Inc.', 'Stryker Corporation', 'Johnson & Johnson (DePuy Synthes)', 'Smith & Nephew plc', 'Medtronic plc', 'Conmed Corporation', 'Arthrex, Inc.', 'NuVasive, Inc.', 'Globus Medical, Inc.', 'Integra LifeSciences Corporation', 'Wright Medical Group N.V.', 'DJO Global, Inc.', 'Aesculap Implant Systems, LLC', 'Acumed LLC', 'Exactech, Inc.', 'BioTek Instruments, Inc.', 'MicroPort Scientific Corporation', 'Colfax Corporation (DentalEZ Group)', 'Össur hf', 'Waldemar Link GmbH & Co. KG'

What is the key driver of Global Orthopedic Implants Market?

The rising prevalence of orthopedic disorders such as osteoarthritis, rheumatoid arthritis, and osteoporosis, among others, is driving the demand for orthopedic implants.

What is the key market trend for Global Orthopedic Implants Market?

Rising Adoption of Minimally Invasive Procedures: There is a growing trend towards minimally invasive orthopedic procedures, which offer benefits such as smaller incisions, reduced pain and scarring, and faster recovery times. This trend is driving the development of new minimally invasive surgical techniques and technologies, as well as the adoption of existing ones.

Which region accounted for the largest share in Orthopedic Implants Market?

North America held a 49.3% revenue share of the global market in 2022 as a result of the rising incidence of osteoporosis and osteoarthritis, the aging population, the rise in trauma cases brought on by traffic accidents and sports injuries, and changing lifestyles. The market is expanding in the region as a result of other reasons such an increase in global healthcare spending and an increase in the use of 3D printing in the healthcare sector. New competitors are kept out of the market by the need for costly capital investments and regulatory compliance requirements.

Orthopedic Implants Market Size, Share, Growth Analysis, By Product Type(Reconstructive Joint Replacements, Spinal Implants, Dental Implants, Trauma), By Biomaterial(Metallic Biomaterials, Ceramic Biomaterials, Polymeric Biomaterials and Others), By Type(Knee, Hip, Dental, Spine), By Region - Industry Forecast 2024-2031

Report ID: SQMIG35A2224 | Region: Global | Published Date: July, 2024
Pages: 219 | Tables: 94 | Figures: 76

Orthopedic Implants Market News

In August 2024, Stryker published their innovative Mako SmartRoboticsTM platform that includes advanced artificial intelligence (AI) technology together with precise joint replacement surgical procedure. This technology shows Stryker’s desire to keep on developing orthopedic implants, hence increasing surgical accuracy, enhancing patient output, and affirming its top position in that sector.
In July 2024, A revolutionary development in robotically assisted knee surgery, the ROSATM Knee System was introduced by Zimmer Biomet. The system integrates immediate data analysis and improved image quality to raise synchrony, as well as patient recuperation. This development illustrates Zimmer Biomet's focus on the convergence of technology with orthopedic expertise.
In June 2024, Using advanced biomaterials and minimally invasive surgical techniques, Medtronic has released its latest SpineLogicTM spinal fusion system designed to improve the outcomes of spine surgeries. The system reflects Medtronic's efforts to improve spinal implant technology, with the goal of minimizing recovery times and increasing patient mobility.

Orthopedic Implants Market Report Snapshots

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Global Orthopedic Implants Market size was valued at USD 24.15 Billion in 2022 poised to grow from USD 25 Billion in 2023 to USD 32.92 Billion by 2031, growing at a CAGR of 3.5% in the forecast period (2024-2031).

Rethinking how to succeed in the manufacture of global orthopaedic implants market has become very important as competition increases among international players who have presence in many countries. This has seen them dominate like DePuy Synthes (Johnson & Johnson), Medtronic, Zimmer Biomet and Stryker Corporation with a wide variety of advanced products, a large amount spent on research and development as well as extensive distribution channels that span different continents. The need for new surgical techniques and implants’ materials is driving competition through technology improvements, mergers and acquisitions. 'Stryker Corporation (USA) ', 'Zimmer Biomet Holdings, Inc. (USA) ', 'DePuy Synthes (Johnson & Johnson) (USA) ', 'Medtronic plc (Ireland) ', 'Smith & Nephew plc (UK) ', 'Orthofix Medical Inc. (USA) ', 'NuVasive, Inc. (USA) ', 'B. Braun Melsungen AG (Germany) ', 'Aesculap Implant Systems, LLC (Germany) ', 'Integra LifeSciences Holdings Corporation (USA) ', 'Arthrex, Inc. (USA) ', 'LimaCorporate S.p.A. (Italy) ', 'K2M Group Holdings, Inc. (USA) ', 'Conformis, Inc. (USA) ', 'Wright Medical Group N.V. (USA)'

The need for implants is being driven by the rising incidence of orthopedic conditions such osteoarthritis, osteoporosis, and spinal disorders. A major factor in this development is the ageing of the world population, which increases the need of orthopedic implants for spinal procedures and joint replacements as age-related joint and bone problems grow more prevalent.

Breakthroughs in Medical Technology and Rising Demand for Joint Replacement Surgery: The medical technology industry's breakthroughs, the ageing population, and the increasing prevalence of mof are some of the key themes that define the orthopaedic implantation sector. The need for joint replacement surgery has increased among these, with one notable trend being the global ageing of the population.

Due to its strong regulatory framework, substantial expenditure in medical research and development, and well-equipped healthcare infrastructure, North America leads the global orthopedic implants market. A powerful network of leading orthopedic implant manufacturers within this region with advanced technologies and surgical techniques also enhances the region’s gains. Additionally, there is high demand for spinal implants and joint replacements driven by an aging population and increasing cases of orthopedic diseases. Furthermore, large healthcare expenditure combined with patients’ increased awareness as well as access to novel treatments have enshrined North America’s supremacy in the global orthopedic implants market.

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What is the global market size of Orthopedic Implants Market?

Who are the key vendors in the Orthopedic Implants Market?

What is the key driver of Orthopedic Implants Market?

What is the key market trend for Orthopedic Implants Market?

Which region accounted for the largest share in Orthopedic Implants Market?

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