Global Orthopedic Implants Market - 2023-2030

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,350	236 Pages	DataM Intelligence 4Market Research LLP	February, 2025	DTAM19614210

Best Price Guarantee
Price	from $4,350
Length	236 Pages
Publisher	DataM Intelligence 4Market Research LLP
Published Date	February, 2025
SKU	DTAM19614210

Orthopaedic Implants The Global Orthopedic Implants Market size reached USD 44.7 billion in 2022 and is projected to witness lucrative growth by reaching up to USD 71.6 billion by 2030. The market is exhibiting at a CAGR of 6.2% during the forecast period 2024-2031. The Global Orthopedic Implant Market is anticipated to rise throughout the forecast period due to the increasing prevalence of musculoskeletal disorders and technological advancements.

Orthopedic implants are used for hard tissue applications to replace bones and joints and are divided into two groups such as permanent joint replacements and temporary fracture fixation devices. Permanent orthopedic implants include the hip, knee, ankle, shoulder, elbow, wrist, and finger joints, while temporary orthopedic implants include plates, screws, pins, wires, and intramedullary nails.

The orthopedic implants market is driven by the increasing prevalence of musculoskeletal disorders, the aging population, changing lifestyles and increasing participation in sports activities, minimally invasive surgical procedures, and technological advancements.

Market Dynamics

Increasing prevalence of musculoskeletal disorders

The rising incidence of musculoskeletal disorders such as osteoarthritis, osteoporosis, and bone fractures is a significant driver of the orthopedic implant market. These conditions often require surgical intervention and orthopedic implants for joint replacement, fracture fixation, and spinal stabilization.

Orthopedic implants play a vital role in the treatment of various musculoskeletal disorders. These include total hip replacement, knee replacement, rheumatoid hand implants, spinal fusion implants, artificial disc replacement, trauma and fractures, ligament reconstruction devices, and meniscal implants.

Technological advancements in orthopedic implants

Advances in implant materials, design, and manufacturing techniques have played a crucial role in the growth of the orthopedic implants market. Orthopedic implant technology is advancing due to new biomaterials, manufacturing technologies, and embedded sensors. Advancements include drug-eluting implant technology, wearables, robotics, AI, etc.

For instance, the development of biocompatible materials, such as titanium alloys and ceramic composites, has improved the durability and biocompatibility of implants. Similarly, advancements in 3D printing technology have enabled the production of customized implants tailored to individual patient needs.

High cost of the orthopedic implants

The high cost of the orthopedic implants may hamper the market share during the forecast period. Orthopedic implants can be expensive, including the cost of the implant itself, surgical procedures, hospital stays, and post-operative care. The high cost can limit access to implants, particularly in regions with limited healthcare resources or inadequate insurance coverage.

Market Segmentation Analysis

The Global Orthopedic Implants Market is segmented based on by product, by material, by end-user, and by region.

Based on the product, reconstructive joint replacements are expected to dominate the market.

Based on the product, the reconstructive joint replacements segment is expected to dominate the market during the forecast period due to increasing orthopedic disorders leading to joint replacement.

Joint reconstruction is a broad spectrum of treatments, including physiotherapy, surgeries, and pain management. Physiotherapy is the first type of therapy preferred, but surgical procedures are permanent. Minimally invasive surgeries are preferred as they provide convenience, shorter hospital stays, and shorter turnaround times. The reconstructive joint replacements segment accounted for the highest market stake, accounting for approximately 32.9% of the orthopaedic implants market in 2022.

Market Geographical Share

North America holds the largest market share during the forecast period due to the development of novel devices and favorable government initiatives.

North America is estimated to hold around 38.7% of the total market share throughout the forecast period due to the development of novel devices and favorable government initiatives in the region, attributed to the development and commercialization of unknown devices, favorable reimbursement and insurance coverage, supportive government regulations, and significant sports participation. Additionally, a strong foothold of orthopedic manufacturers in the region is expected to support the market’s growth.

Market Key Players

The major global players include Johnson & Johnson, Zimmer Biomet, Stryker Corporation, Medtronic Plc, Smith and Nephew Plc, Wright Medical Group N.V., CONMED Corporation, Arthrex Inc., DJO Global, and Globus Medical.

COVID-19 Impact on Market

The COVID-19 pandemic has had an impact on the orthopedic implants market. To prioritize resources and reduce the risk of COVID-19 transmission, many healthcare systems postponed or canceled non-urgent elective surgeries, including orthopedic procedures. This resulted in a significant reduction in orthopedic implant surgeries during the pandemic, leading to a decline in demand for implants.

The pandemic necessitated physical distancing measures and restricted access to healthcare facilities. This led to postponed or limited follow-up visits, rehabilitation sessions, and physical therapy for patients with orthopedic implants. Delayed or inadequate post-operative care could potentially impact patient outcomes.

Russia-Ukraine Conflict Analysis

Russia and Ukraine war significantly impacted the orthopaedic implants market growth. Due to the conflict, access to the latest advancements in orthopaedic implant technologies may be limited. This could result from factors such as reduced collaboration with international manufacturers and limited resources for research and development.

The conflict has put a strain on healthcare infrastructure, hospitals and medical facilities and have suffered damage or been overwhelmed by the influx of injured individuals, leading to challenges in providing adequate medical services, including orthopaedic surgeries and implantations.

Key Developments
• In May 2023, the University of Illinois Urbana-Champaign investigators newly developed “smart” coatings for surgical orthopedic implants that can detect strain on the devices to provide early warning of implant failures while destroying infection-causing bacteria. The layers combine flexible sensors with a nanostructured antibacterial surface inspired by dragonfly and cicadas’ wings.
• In May 2023, Astorg, a Pan-European private equity firm, is to acquire a majority stake in hg Medical, a global manufacturer of complex orthopedic implants from NORD Holding. Astorg will support hg medical's growth both organically and through acquisitions.

Why Purchase the Report?
• To visualize the Global Orthopedic Implants Market segmentation based on product, material, end-user, and region and understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of orthopedic implants market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global orthopaedic implants market report would provide approximately 54 tables, 46 figures, and 195 Pages.

Target Audience 2024
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies

1. Methodology and Scope: 1.1. Research Methodology; 1.2. Research Objective and Scope of the Report
2. Definition and Overview
3. Executive Summary: 3.1. Snippet by Product; 3.2. Snippet by Material; 3.3. Snippet by End-User; 3.4. Snippet by Region
4. Dynamics: 4.1. Impacting Factors; 4.1.1. Drivers; 4.1.1.1. Increasing prevalence of musculoskeletal disorders; 4.1.1.2. XX; 4.1.2. Restraints; 4.1.2.1. High cost of the orthopedic implants; 4.1.2.2. XX; 4.1.3. Opportunity; 4.1.3.1. XX; 4.1.4. Impact Analysis
5. Industry Analysis: 5.1. Porter's Five Forces Analysis; 5.2. Supply Chain Analysis; 5.3. Pricing Analysis; 5.4. Regulatory Analysis
6. COVID-19 Analysis: 6.1. Analysis of COVID-19; 6.1.1. Before COVID-19 Scenario; 6.1.2. Present COVID-19 Scenario; 6.1.3. Post COVID-19 or Future Scenario; 6.2. Pricing Dynamics Amid COVID-19; 6.3. Demand-Supply Spectrum; 6.4. Government Initiatives Related to the Market During the Pandemic; 6.5. Manufacturer’s Strategic Initiatives; 6.6. Conclusion
7. By Product: 7.1. Introduction; 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product; 7.1.2. Market Attractiveness Index, By Product; 7.2. Reconstructive joint replacements*; 7.2.1. Introduction; 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%); 7.3. Spinal implants; 7.4. Dental implants; 7.5. Orthobiologics; 7.6. Craniomaxillofacial; 7.7. Others
8. By Material: 8.1. Introduction; 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material; 8.1.2. Market Attractiveness Index, By Material; 8.2. Ceramics*; 8.2.1. Introduction; 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%); 8.3. Polymeric materials; 8.4. Natural materials
9. By End-User: 9.1. Introduction; 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User; 9.1.2. Market Attractiveness Index, By End-User; 9.2. Hospitals*; 9.2.1. Introduction; 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%); 9.3. Orthopedic Clinics; 9.4. Homecare; 9.5. Others
10. By Region: 10.1. Introduction; 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region; 10.1.2. Market Attractiveness Index, By Region; 10.2. North America; 10.2.1. Introduction; 10.2.2. Key Region-Specific Dynamics; 10.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product; 10.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material; 10.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User; 10.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country; 10.2.6.1. U.S.; 10.2.6.2. Canada; 10.2.6.3. Mexico; 10.3. Europe; 10.3.1. Introduction; 10.3.2. Key Region-Specific Dynamics; 10.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product; 10.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material; 10.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User; 10.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country; 10.3.6.1. Germany; 10.3.6.2. UK; 10.3.6.3. France; 10.3.6.4. Italy; 10.3.6.5. Spain; 10.3.6.6. Rest of Europe; 10.4. South America; 10.4.1. Introduction; 10.4.2. Key Region-Specific Dynamics; 10.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product; 10.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material; 10.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User; 10.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country; 10.4.6.1. Brazil; 10.4.6.2. Argentina; 10.4.6.3. Rest of South America; 10.5. Asia-Pacific; 10.5.1. Introduction; 10.5.2. Key Region-Specific Dynamics; 10.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product; 10.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material; 10.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User; 10.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country; 10.5.6.1. China; 10.5.6.2. India; 10.5.6.3. Japan; 10.5.6.4. Australia; 10.5.6.5. Rest of Asia-Pacific; 10.6. Middle East and Africa; 10.6.1. Introduction; 10.6.2. Key Region-Specific Dynamics; 10.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product; 10.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material; 10.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
11. Competitive Landscape: 11.1. Competitive Scenario; 11.2. Market Positioning/Share Analysis; 11.3. Mergers and Acquisitions Analysis
12. Company Profiles: 12.1. Johnson & Johnson*; 12.1.1. Company Overview; 12.1.2. Product Portfolio and Description; 12.1.3. Financial Overview; 12.1.4. Key Developments; 12.2. Zimmer Biomet; 12.3. Stryker Corporation; 12.4. Medtronic Plc; 12.5. Smith and Nephew Plc; 12.6. Wright Medical Group N.V.; 12.7. CONMED Corporation; 12.8. Arthrex Inc.; 12.9. DJO Global; 12.10. Globus Medical (*LIST NOT EXHAUSTIVE)
13. Appendix: 13.1. About Us and Services; 13.2. Contact Us