Global Orthopedic Implants Market Size study & Forecast, by Product (Joint Reconstruction, Spinal Implants, Trauma Implants and Others), by End-User (Hospitals & Ambulatory Surgery Centres, Orthopedic Clinics and Others) and Regional Analysis, 2022-2029

Global Orthopedic Implants Market Size study & Forecast, by Product (Joint Reconstruction, Spinal Implants, Trauma Implants and Others), by End-User (Hospitals & Ambulatory Surgery Centres, Orthopedic Clinics and Others) and Regional Analysis, 2022-2029

Global Orthopedic Implants Market is valued at approximately USD 41.20 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 5.0% over the forecast period 2022-2029. Orthopedic implants are devices made of metal alloys like titanium and stainless steel that are used to repair or support a broken bone. The demand for these devices is predicted to increase due to the rising frequency of orthopaedic illnesses and the rising number of orthopaedic surgeries. The Orthopedic Implants market is expanding because of factors such as prevalence of orthopedic diseases, growing geriatric population.

The risk of bone diseases, fractures, and bone porosity increasing with age are among problems that make geriatrics a suitable patient population for orthopaedic implants. According to the World Bank Group, the world’s old population was 727 million in 2020, and it is predicted to treble over the next three decades, reaching 1.5 billion in 2050. Furthermore, the market is predicted to be driven by the rising number of orthopaedic treatments and different government initiatives to facilitate reimbursements for the patient population. For instance, a study published in the Journal of Bone and Joint Surgery in 2021 revealed that the average payment by the Medicare program for orthopedic surgery was reported to be 10.5% of the treatment cost. It is anticipated that the market for orthopaedic implants will grow more quickly as a result of governments providing more coverage to the patient population. Furthermore, increasing investments in development of novel implants is creating lucrative opportunities for the market growth. However, high cost of orthopedic implants may halt the market growth over the forecast period of 2022-2029.

The key regions considered for the Global Orthopedic Implants Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the prevalence of orthopedic disorders, and increasing geriatric population. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising geriatric and target disease, an increase in the number of collaborations for products development, geographic expansion of key players, and active participation of government and nonprofit organizations in the market space.

Major market players included in this report are:
Zimmer Biomet
Johnson & Johnson Medical Devices
Smith+Nephew
Skryker
BioTek
Conmed Corportaion
Medtronic
DJO surgical
Exactech, Inc.
Corin Group

Recent Developments in the Market:
In March 2022, Zimmer Biomet launched WalkAI. The Artificial Intelligence (AI) algorithm identifies people expected to walk more slowly after hip replacements. The WalkAI is further incorporated into the business' ZBEdge Connected Intelligence Suite, giving it a competitive edge in the bone implants market.
In January 2022, Smith & Nephew acquired Engage Surgical. . The Engage Surgical Partial Knee System is a novel, modern cementless knee implant to serve a resurgent segment driven by the potential for better long-term fixation through biologic integration, shorter operating times, and the shift to Ambulatory Surgery Centers (ASCs).The latest implant can be used with the exclusive CORI robotic surgical system from Smith & Nephew.




Global Orthopedic Implants Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Product, End-User, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World





The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Productofferings of key players.

The detailed segments and sub-segment of the market are explained below:

By Product:
Joint Reconstruction
Spinal Implants
Trauma Implants
Others

By End-User:
Hospitals & Ambulatory Surgery Center
Orthopedic Clinics
Others


By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Companies Mentioned

Zimmer Biomet
Johnson & Johnson Medical Devices Smith+Nephew
Skryker
BioTek
Conmed Corportaion
Medtronic
DJO surgical
Exactech, Inc.
Corin Group

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