Global Orthopedic Implant Market Growth 2023-2029

Global Orthopedic Implant Market Growth 2023-2029

An orthopedic implant is a medical device manufactured to replace a missing joint or bone or to support a damaged bone. The medical implant is mainly fabricated using stainless steel and titanium alloys for strength and the plastic coating that is done on it acts as an artificial cartilage. Internal fixation is an operation in orthopedics that involves the surgical implementation of implants for the purpose of repairing a bone. Among the most common types of medical implants are the pins, rods, screws and plates used to anchor fractured bones while they heal.

LPI (LP Information)' newest research report, the “Orthopedic Implant Industry Forecast” looks at past sales and reviews total world Orthopedic Implant sales in 2022, providing a comprehensive analysis by region and market sector of projected Orthopedic Implant sales for 2023 through 2029. With Orthopedic Implant sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Orthopedic Implant industry.

This Insight Report provides a comprehensive analysis of the global Orthopedic Implant landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Orthopedic Implant portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Orthopedic Implant market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Orthopedic Implant and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Orthopedic Implant.

The global Orthopedic Implant market size is projected to grow from US$ 55530 million in 2022 to US$ 70830 million in 2029; it is expected to grow at a CAGR of 70830 from 2023 to 2029.

Medical innovation and an aging demographic are two key factors behind the growth in the orthopedic implantsector. A rising elderly population is resulting in stronger demand for procedures such as hip and knee replacements. Obesity and a lack of exercise are also key lifestyle factors contributing to a higher rate of conditions such as osteoarthritis and degenerative bone disease. Demand is also strong for trauma-related devices such as spinal implants for those involved in road collisions and sporting accidents. Around 1.35 million children attend a hospital emergency department each year in the United States due to a sport-related injury.

This report presents a comprehensive overview, market shares, and growth opportunities of Orthopedic Implant market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Metallic
Ceramic
Polymeric
Others

Segmentation by application
Hospital
Specialty Clinic
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Depuy Synthes
Globus Medical
NuVasive
Smith & Nephew
Stryker Corporation
Zimmer Biomet Holdings
Medtronic
The Orthopedic Implant Company
Wright Medical
Flexicare Medical
Aesculap Implant Systems
BioTek Instruments

Key Questions Addressed in this Report

What is the 10-year outlook for the global Orthopedic Implant market?

What factors are driving Orthopedic Implant market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Orthopedic Implant market opportunities vary by end market size?

How does Orthopedic Implant break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.