Global Orthopedic Implants Market To Witness A CAGR of 5.30% By 2032

According to analysts at Zion Market Research, the valuation of the global orthopedic implants market in 2023 was around USD 45.67 billion and is projected to attain about USD 71.94 billion by 2032, growing at about 5.30% CAGR during the forecast period. The prominent players of the global orthopedic implants market profiled comprise Zimmer Biomet Holdings, Inc., Johnson & Johnson (DePuy Synthes), Medtronic Plc, Stryker Corporation, Wright Medical Group N.V., Smith and Nephew Plc, Arthrex, Inc., CONMED Corporation, Globus Medical Inc., and DJO Finance LLC.

Increase In Incidence Of Orthopedic Diseases Or Injuries Likely To Spur Market Growth

The global orthopedic implants market is anticipated to develop at a rapid rate owing to the risk of oerstoarthitis and osteoporosis becoming more ordinary as one approaches old age. Thereby, the increase in the incidence of orthopedic diseases or injuries and the rapid rise in the aging population across the world is expected to propel the market growth. Further, technological improvements in the orthopedic implants industry, enhancement of healthcare infrastructure in the budding nations, and approval for implantable medical devices are also anticipated to boost the market growth. Moreover, rising cases of sports accidents and joint replacements worldwide would also help the market grow during the forecast period. Nevertheless, the high price related to processes involving orthopedic implant treatment and strict government rules might hinder the market growth.

Reconstructive Joint Replacements To Grab The Major Market Share

The reconstructive joint replacements segment, based on product type, is anticipated to occupy the highest share of the market. This expansion can be credited to the rising incidence of osteoarthritis and osteoporosis, developments in joint replacements, along an increase in spending by major players in the research & development of orthopedic implants. Further, the orthobiologics segment is projected to witness swift growth during the years to come on account of the increase in demand for minimally invasive procedures, cutting-edge therapies, and a rise in patient alertness about the use of orthobiologics.

North America To Continue Its Dominance Over The Global Market

North America is anticipated to continue its dominance over the global orthopedic implants market during the forecast period. The market expansion is propelled by the rising healthcare expenditure by the local government along with the deep-rooted healthcare infrastructure in Canada and the US. Also, the increasing elderly population within North America will propel the growth of the global orthopedic implants market during the forecast period. Moreover, Asia Pacific is also projected to witness significant market growth in the coming period as a result of rising awareness of the use of several orthopedic implants, developing healthcare infrastructure, and nascent market needs.

Browse the full “Orthopedic Implants Market - By Product Type (Reconstructive Joint Replacements, Spinal Implants, Dental Implants, Trauma, Orthobiologics, And Others), By Biomaterial (Metallic, Polymeric, Ceramic, And Others), By Type (Knee, Hip, Wrist & Shoulder, Dental, Spine, Ankle, And Others), And By Region - Global Industry Perspective, Comprehensive Analysis, And Forecast, 2024 - 2032” Report at https://www.zionmarketresearch.com/toc/orthopedic-implants-market

The global orthopedic implants market is segmented as follows:

By Product Type

• Reconstructive Joint Replacements
  • Knee Replacement Implants
  • Hip Replacement Implants
  • Extremities
    • Upper Extremity
      • Shoulder
      • Elbow
      • Wrist
    • Lower Extremity
      • Upper
      • Lower
• Spinal Implants
  • Spinal Fusion Devices
    • Thoracolumbar Devices
    • Cervical Fixation Devices
    • Interbody Fusion Devices
  • Vertebral Compression Fracture (VCF) Devices
    • Balloon Kyphoplasty Devices
    • Vertebroplasty Devices
  • Motion Preservation Devices/Non-Fusion Devices
    • Dynamic Stabilization Devices
    • Artificial Disc Replacement Devices
    • Annulus Repair Devices
    • Nuclear Disc Prostheses
  • Invasive Spinal Bone Stimulators
• Dental Implants
  • Root Form Dental Implants
  • Plate Form Dental Implants
• Trauma
• Orthobiologics
  • Demineralized Bone Matrix (DBM)
  • Allograft
  • Bone Morphogenetic Protein (BMP)
  • Viscosupplementation Products
  • Synthetic Bone Substitutes
  • Others
• Others

By Biomaterial

• Metallic Biomaterials
  • Stainless steel
  • Titanium Alloy
  • Cobalt Alloy
  • Others
• Polymeric Biomaterials
• Ceramic Biomaterials
• Others

By Type

• Knee
• Hip
• Wrist & Shoulder
• Dental
• Spine
• Ankle
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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