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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Rising Incidences of Bone Diseases and Injuries to Drive the Orthopaedic Implants Market Growth.
The orthopaedic implants market is being driven by the high incidence rate of osteoporosis, osteoarthritis, and obesity, along with a rapidly ageing global population. Due to lifestyle-related factors such as lack of exercise, middle-aged patients are increasingly opting for orthopaedic implants. The increase in the mean-age over the next few years is expected to boost the orthopaedic implants industry growth.
Owing to the higher proportion of anatomic injuries worldwide, the demand for knee and hip orthopaedic implants is projected to increase considerably in the coming years. Joint and knee problems are common in Asia, and hip problems are comparatively more common in Europe; thus, the industry in these regions is expected to witness a healthy growth in the forecast period. The development of biodegradable implants and internal fixation devices is expected to provide potential growth prospects for orthopaedic devices for different anatomical sites, thus, providing further impetus for the industry growth.
Orthopaedic Implants Market Report Snapshots
Orthopaedic Implants Market Size
Orthopaedic Implants Market Growth
Orthopaedic Implants Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global orthopaedic implants market reached a value of USD 64.58 billion in 2023.
The market is anticipated to grow at a CAGR of 5% during the forecast period of 2024-2032 to reach a value of USD 100.18 billion by 2032.
The major drivers of the industry, such as rising disposable incomes, increasing geriatric population, rising incidences of bone diseases, and growing technological advancements, are expected to aid the market growth.
The key trends guiding the growth of the market include the launch of products such as biodegradable implants and internal fixation devices.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading product types in the industry are plates and screws, nails and rods, and pins and wires, among others.
The major application segments in the market are reconstructive joint replacements, spine implants, craniomaxillofacial implants, dental implants, trauma implants, and orthobiologics, among others.
Hospitals, orthopaedic clinics, and ambulatory surgical centres, among others, are the most significant end-use segments in the industry.
The major players in the industry are CONMED Corporation, Wright Medical Group N.V., Stryker, Medtronics plc, Smith+Nephew, Integra LifeSciences, B. Braun Melsungen AG, Arthrex, Baxter, and NuVasive, Inc., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124