Orthopedic Implants Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Orthopedic Implants Market
The orthopedic market size was valued at USD 45.19 billion in 2023, and the market is now projected to grow from USD 47.38 billion in 2024 to USD 71.74 billion by 2032, exhibiting a CAGR of 5.3% during the forecast period of 2024-2032.
The COVID-19 pandemic has harmed the market because non-compulsory treatments have had to be canceled. Patients had fewer approaches and, within the case of clinical sufferers, stopped all possible remedies as a result of the bounds installed location at some point during the outbreak. Because of this, the profit margins of these market contributors dropped dramatically, and the orthopedic implants market growth rate was terrible. Suppliers additionally needed to handle disturbances in the supply chain and also a scarcity of raw drugs.
During the study duration, orthopedic therapies are anticipated to see development. This is primarily because of the maturing populace and also the greater threat of bone cracks triggered by frailty together with various other bone problems. The marketplace for these tools is expected to be driven by a rise in orthopedic surgical procedures, in addition to a number of federal government campaigns targeted at aiding individuals with settlement. To remain affordable out there significant gamers have been purchasing establishing cutting-edge implants that can be tailored. This is because there are even more competitors and also an expanding need for bone implants. Market individuals are additionally spending much more in residential firms to present brand-new implants. Orthopedic implants market share is anticipated to be sustained by a boosting variety of items introduced that attend to the expanding requirement for implants.
Orthopedic professionals now have a huge variety of techniques at their disposal for becoming implants. The discipline of orthopedic implants has visible a whole lot of innovation currently, with the advent of customized implants in the manner. We can expect to see even greater exciting improvements in the marketplace, inclusive of truly remote robot-assisted orthopedic surgical procedures, portable navigation equipment to help physicians sooner or later of implantation, and AI-powered steerage software program software to manual surgical procedures.
Comprehensive Analysis of Orthopedic Implants Market
The orthopedic implants market and healthcare sector are evolving quite fast because they serve specific target marketing groups. We also cover the markets which are diverse involving a close observation of different regions taking the important factors into consideration that are significant in the Health Benefit Management Sector. This way, they have done everything into types of the customers and products. They are made of joint replacement, spinal implants, trauma implants, and a few other similar sorts. Orthopaedic clinics, hospitals, ambulatory surgery centers, and others, who are the actual beneficiaries of these products, are recipients.
As the senior populace ages, it is most likely to create weakening of bones plus various other bone-related illnesses the need for orthopedic treatment is anticipated to rise as a result the North American area will certainly lead the orthopedic dental implant market worth USD25.12 billion by 2023.
The leading corporations in the marketplace have a vital position inside the healthcare region, making sure of the enlargement of commercial enterprise possibilities and setting up market standards. These gamers embody the following: United Orthopaedic Corporation (U.S.), Medacta International (Switzerland), B. Braun SE (Germany), Johnson & Johnson Services, Inc. (U.S.), Smith+Nephew (U.K.), Medtronic (Ireland), Globus Medical (U.S.), Zimmer Biomet (U.S.), Stryker (U.S.), Agilent Technologies, Inc. (U.S.), DJO LLC. (U.S.), Exactech, Inc. (U.S.). These institutions provide an immoderate, degree-gambling landscape.
As the elderly populace ages, it is most likely to trigger the weakening of bones plus various other bone-related health problems the need for orthopedic treatment is anticipated to rise as a result the North American area will certainly lead the orthopedic dental implant market worth USD25.12 billion by 2023.
Segmentation Table
Global Orthopedic Implants Market Scope
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 5.3% from 2024-2032
Unit Value (USD billion)
Segmentation By Product, By End-user, By Geography
By Product Joint Reconstruction
- Knee
- Hip
- Extremities
Spinal Implants
- Spinal Fusion Devices
- Spinal Non-Fusion Devices
Trauma Implants
Others
By End-user
Hospitals & Ambulatory Surgery Centers
Orthopedic Clinics & Others
By Geography
North America (By Product, By End-user, and By Country)
- U.S. (By Product)
- Canada (By Product)
Europe (By Product, By End-user, and By Country/ Sub-region)
- Germany (By Product)
- U.K. (By Product)
- France (By Product)
- Italy (By Product)
- Spain (By Product)
- Scandinavia (By Product)
- Rest of Europe (By Product)
Asia Pacific (By Product, By End-user, and By Country/Sub-region)
- China (By Product)
- India (By Product)
- Japan (By Product)
- Australia (By Product)
- South East Asia (By Product)
- Rest of Asia Pacific (By Product)
Latin America (By Product, By End-user, and By Country/Sub-region)
- Brazil (By Product)
- Mexico (By Product)
- Rest of Latin America (By Product)
Middle East & Africa (By Product, By End-user, and By Country/Sub-region)
- GCC (By Product)
- South Africa (By Product)
- Rest of Middle East & Africa (By Product)
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Statistics: Key Orthopedic Procedures Performed in Key Countries, 2023
- 4.2. New Product Launches, By Key Players
- 4.3. Key Industry Developments: Mergers, Acquisitions, Etc.
- 4.4. Impact of COVID-19 on the Orthopedic Implants Market
- 4.5. Regulatory & Reimbursement Scenario, By Key Countries
- 5. Global Orthopedic Implants Market Analysis, Insights and Forecast, 2019-2032
- 5.1. Market Analysis, Insights and Forecast – By Product
- 5.1.1. Joint Reconstruction
- 5.1.1.1. Knee
- 5.1.1.2. Hip
- 5.1.1.3. Extremities
- 5.1.2. Spinal Implants
- 5.1.2.1. Spinal Fusion Devices
- 5.1.2.2. Spinal Non-Fusion Devices
- 5.1.3. Trauma
- 5.1.4. Others
- 5.2. Market Analysis, Insights and Forecast – By End User
- 5.2.1. Hospitals & Ambulatory Surgery Centers
- 5.2.2. Orthopedic Clinics & Others
- 5.3. Market Analysis, Insights and Forecast – By Region
- 5.3.1. North America
- 5.3.2. Europe
- 5.3.3. Asia Pacific
- 5.3.4. Latin America
- 5.3.5. Middle East & Africa
- 6. North America Orthopedic Implants Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Market Analysis, Insights and Forecast – By Product
- 6.1.1. Joint Reconstruction
- 6.1.1.1. Knee
- 6.1.1.2. Hip
- 6.1.1.3. Extremities
- 6.1.2. Spinal Implants
- 6.1.2.1. Spinal Fusion Devices
- 6.1.2.2. Spinal Non-Fusion Devices
- 6.1.3. Trauma
- 6.1.4. Others
- 6.2. Market Analysis, Insights and Forecast – By End User
- 6.2.1. Hospitals & Ambulatory Surgery Centers
- 6.2.2. Orthopedic Clinics & Others
- 6.3. Market Analysis, Insights and Forecast – By Country
- 6.3.1. U.S.
- 6.3.1.1. By Product
- 6.3.2. Canada
- 6.3.2.1. By Product
- 7. Europe Orthopedic Implants Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Market Analysis, Insights and Forecast – By Product
- 7.1.1. Joint Reconstruction
- 7.1.1.1. Knee
- 7.1.1.2. Hip
- 7.1.1.3. Extremities
- 7.1.2. Spinal Implants
- 7.1.2.1. Spinal Fusion Devices
- 7.1.2.2. Spinal Non-Fusion Devices
- 7.1.3. Trauma
- 7.1.4. Others
- 7.2. Market Analysis, Insights and Forecast – By End User
- 7.2.1. Hospitals & Ambulatory Surgery Centers
- 7.2.2. Orthopedic Clinics & Others
- 7.3. Market Analysis, Insights and Forecast – By Country/ Sub-region
- 7.3.1. Germany
- 7.3.1.1. By Product
- 7.3.2. U.K.
- 7.3.2.1. By Product
- 7.3.3. France
- 7.3.3.1. By Product
- 7.3.4. Italy
- 7.3.4.1. By Product
- 7.3.5. Spain
- 7.3.5.1. By Product
- 7.3.6. Scandinavia
- 7.3.6.1. By Product
- 7.3.7. Rest of Europe
- 7.3.7.1. By Product
- 8. Asia Pacific Orthopedic Implants Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Market Analysis, Insights and Forecast – By Product
- 8.1.1. Joint Reconstruction
- 8.1.1.1. Knee
- 8.1.1.2. Hip
- 8.1.1.3. Extremities
- 8.1.2. Spinal Implants
- 8.1.2.1. Spinal Fusion Devices
- 8.1.2.2. Spinal Non-Fusion Devices
- 8.1.3. Trauma
- 8.1.4. Others
- 8.2. Market Analysis, Insights and Forecast – By End User
- 8.2.1. Hospitals & Ambulatory Surgery Centers
- 8.2.2. Orthopedic Clinics & Others
- 8.3. Market Analysis, Insights and Forecast – By Country/ Sub-region
- 8.3.1. China
- 8.3.1.1. By Product
- 8.3.2. India
- 8.3.2.1. By Product
- 8.3.3. Japan
- 8.3.3.1. By Product
- 8.3.4. Australia
- 8.3.4.1. By Product
- 8.3.5. Southeast Asia
- 8.3.5.1. By Product
- 8.3.6. Rest of Asia Pacific
- 8.3.6.1. By Product
- 9. Latin America Orthopedic Implants Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Market Analysis, Insights and Forecast – By Product
- 9.1.1. Joint Reconstruction
- 9.1.1.1. Knee
- 9.1.1.2. Hip
- 9.1.1.3. Extremities
- 9.1.2. Spinal Implants
- 9.1.2.1. Spinal Fusion Devices
- 9.1.2.2. Spinal Non-Fusion Devices
- 9.1.3. Trauma
- 9.1.4. Others
- 9.2. Market Analysis, Insights and Forecast – By End User
- 9.2.1. Hospitals & Ambulatory Surgery Centers
- 9.2.2. Orthopedic Clinics & Others
- 9.3. Market Analysis, Insights and Forecast – By Country/ Sub-region
- 9.3.1. Brazil
- 9.3.1.1. By Product
- 9.3.2. Mexico
- 9.3.2.1. By Product
- 9.3.3. Rest of Latin America
- 9.3.3.1. By Product
- 10. Middle East & Africa Orthopedic Implants Market Analysis, Insights and Forecast, 2019-2032
- 10.1. Market Analysis, Insights and Forecast – By Product
- 10.1.1. Joint Reconstruction
- 10.1.1.1. Knee
- 10.1.1.2. Hip
- 10.1.1.3. Extremities
- 10.1.2. Spinal Implants
- 10.1.2.1. Spinal Fusion Devices
- 10.1.2.2. Spinal Non-Fusion Devices
- 10.1.3. Trauma
- 10.1.4. Others
- 10.2. Market Analysis, Insights and Forecast – By End User
- 10.2.1. Hospitals & Ambulatory Surgery Centers
- 10.2.2. Orthopedic Clinics & Others
- 10.3. Market Analysis, Insights and Forecast – By Country/ Sub-region
- 10.3.1. GCC Countries
- 10.3.1.1. By Product
- 10.3.2. South Africa
- 10.3.2.1. By Product
- 10.3.3. Rest of Middle East & Africa
- 10.3.3.1. By Product
- 11. Competitive Analysis
- 11.1. Global Market Share Analysis (2023)
- 11.2. Company Profiles
- 11.2.1. Zimmer Biomet
- 11.2.1.1. Overview
- 11.2.1.2. Products
- 11.2.1.3. SWOT analysis
- 11.2.1.4. Recent developments
- 11.2.1.5. strategies
- 11.2.1.6. financials (based on availability)
- 11.2.2. Johnson & Johnson Services, Inc.
- 11.2.2.1. Overview
- 11.2.2.2. Products
- 11.2.2.3. SWOT analysis
- 11.2.2.4. Recent developments
- 11.2.2.5. strategies
- 11.2.2.6. financials (based on availability)
- 11.2.3. Smith+Nephew
- 11.2.3.1. Overview
- 11.2.3.2. Products
- 11.2.3.3. SWOT analysis
- 11.2.3.4. Recent developments
- 11.2.3.5. strategies
- 11.2.3.6. financials (based on availability)
- 11.2.4. Stryker
- 11.2.4.1. Overview
- 11.2.4.2. Products
- 11.2.4.3. SWOT analysis
- 11.2.4.4. Recent developments
- 11.2.4.5. strategies
- 11.2.4.6. financials (based on availability)
- 11.2.5. Agilent Technologies, Inc.
- 11.2.5.1. Overview
- 11.2.5.2. Products
- 11.2.5.3. SWOT analysis
- 11.2.5.4. Recent developments
- 11.2.5.5. strategies
- 11.2.5.6. financials (based on availability)
- 11.2.6. CONMED Corporation
- 11.2.6.1. Overview
- 11.2.6.2. Products
- 11.2.6.3. SWOT analysis
- 11.2.6.4. Recent developments
- 11.2.6.5. strategies
- 11.2.6.6. financials (based on availability)
- 11.2.7. Medtronic
- 11.2.7.1. Overview
- 11.2.7.2. Products
- 11.2.7.3. SWOT analysis
- 11.2.7.4. Recent developments
- 11.2.7.5. strategies
- 11.2.7.6. financials (based on availability)
- 11.2.8. DJO LLC.
- 11.2.8.1. Overview
- 11.2.8.2. Products
- 11.2.8.3. SWOT analysis
- 11.2.8.4. Recent developments
- 11.2.8.5. strategies
- 11.2.8.6. financials (based on availability)
- 11.2.9. Exactech, Inc.
- 11.2.9.1. Overview
- 11.2.9.2. Products
- 11.2.9.3. SWOT analysis
- 11.2.9.4. Recent developments
- 11.2.9.5. strategies
- 11.2.9.6. financials (based on availability)
- 11.2.10. Corin Group
- 11.2.10.1. Overview
- 11.2.10.2. Products
- 11.2.10.3. SWOT analysis
- 11.2.10.4. Recent developments
- 11.2.10.5. strategies
- 11.2.10.6. financials (based on availability)
- 11.2.11. Conformis
- 11.2.11.1. Overview
- 11.2.11.2. Products
- 11.2.11.3. SWOT analysis
- 11.2.11.4. Recent developments
- 11.2.11.5. strategies
- 11.2.11.6. financials (based on availability)
- 11.2.12. United Orthopedic Corporation
- 11.2.12.1. Overview
- 11.2.12.2. Products
- 11.2.12.3. SWOT analysis
- 11.2.12.4. Recent developments
- 11.2.12.5. strategies
- 11.2.12.6. financials (based on availability)
- 11.2.13. Medacta International
- 11.2.13.1. Overview
- 11.2.13.2. Products
- 11.2.13.3. SWOT analysis
- 11.2.13.4. Recent developments
- 11.2.13.5. strategies
- 11.2.13.6. financials (based on availability)
- 11.2.14. Globus Medical
- 11.2.14.1. Overview
- 11.2.14.2. Products
- 11.2.14.3. SWOT analysis
- 11.2.14.4. Recent developments
- 11.2.14.5. strategies
- 11.2.14.6. financials (based on availability)
- 11.2.15. B. Braun SE
- 11.2.15.1. Overview
- 11.2.15.2. Products
- 11.2.15.3. SWOT analysis
- 11.2.15.4. Recent developments
- 11.2.15.5. strategies
- 11.2.15.6. financials (based on availability)
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook