The Global Orthopedic Implants Market size is expected to reach $45.7 billion by 2028, rising at a market growth of 6.6% CAGR during the forecast period.
Orthopedic implants are medical devices used to support a damaged bone to stop more damage from occurring when a bone or a specific joint is missing a portion. This artificial implant uses stainless steel and titanium alloys to achieve maximum strength. It is quoted with the aid of plastic, which mimics the function of cartilage in that specific area of the body to preserve the structure and functioning of the joint.
These kinds of artificial implants, which are often used in treating spinal injuries and other associated conditions including lumbar spine stenosis, are primarily used in operations that call for the least surgical intervention. The variables influencing demand include the increased incidence of musculoskeletal illnesses, weakening bones, lower bone density, and the danger of developing degenerative bone disorders.
Moreover, the availability of cutting-edge orthopedic implants and the fast worldwide growth of healthcare infrastructure would favor the medical sector. Due to these procedures' many advantages, there is a growing awareness of and availability of minimally invasive surgical methods, another essential factor fueling the market's expansion. Also, the rise in athletic and physical activity involvement directly influences the amount of sports injuries needing medical attention, which is anticipated to impact market growth.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Medtronic PLC, Johnson & Johnson (DePuy Synthes), Stryker Corporation, Zimmer Biomet Holdings, Inc., Smith & Nephew PLC, ConMed Corporation, B. Braun Melsungen AG (Aesculap, Inc.), Colfax Corporation, NuVasive, Inc., and Arthrex, Inc.
Orthopedic implants are medical devices used to support a damaged bone to stop more damage from occurring when a bone or a specific joint is missing a portion. This artificial implant uses stainless steel and titanium alloys to achieve maximum strength. It is quoted with the aid of plastic, which mimics the function of cartilage in that specific area of the body to preserve the structure and functioning of the joint.
These kinds of artificial implants, which are often used in treating spinal injuries and other associated conditions including lumbar spine stenosis, are primarily used in operations that call for the least surgical intervention. The variables influencing demand include the increased incidence of musculoskeletal illnesses, weakening bones, lower bone density, and the danger of developing degenerative bone disorders.
Moreover, the availability of cutting-edge orthopedic implants and the fast worldwide growth of healthcare infrastructure would favor the medical sector. Due to these procedures' many advantages, there is a growing awareness of and availability of minimally invasive surgical methods, another essential factor fueling the market's expansion. Also, the rise in athletic and physical activity involvement directly influences the amount of sports injuries needing medical attention, which is anticipated to impact market growth.
COVID-19 Impact Analysis
The COVID-19 outbreak has hampered workflows in the medical community in different parts of the globe. Several sectors, including details of the healthcare industry, have been temporarily forced to shut down because of the sickness. The introduction of COVID-19 significantly impacted global demand for these devices. The worldwide implant market was directly affected by canceling surgical procedures, particularly bone implantations. Because of the COVID-19 outbreak, participants in the company witnessed a decrease in their revenue from implant sales.Market Growth Factors
Demand for orthopedic implants will increase as more technologically advanced products are used
Orthopedic implant manufacturers have developed new technologies in response to the growing demand while expanding their product penetration and market reach. Customized orthopedic implants made possible by 3D printing effectively cut the time and expense of surgery while providing stability over a reasonably extended period. Leading manufacturers of orthopedic implants are using 3D printing technology to enhance the bond between metal and bone in the case of implants with size-controlled micro-pore structures as well as surgical equipment and anatomical models. The market is expected to expand significantly in the years to come due to all of this.An increasing number of individuals with maxillofacial fractures and injuries
Face fractures are severe wounds that may need surgery and might be permanently incapacitating. Delay in treating face fractures may have disastrous effects, including, in some instances, permanent disability. Based on various demographic and socioeconomic variables, craniofacial fracture cases differ from nation to nation. In addition, facial injuries are a significant burden in underdeveloped countries because quick and efficient treatment is unavailable. So, it is anticipated that these factors will lead to a rise in the demand for craniomaxillofacial implants and the number of individuals choosing to undergo craniomaxillofacial procedures, promoting market development.
Market Restraining Factors
Shortage of qualified professionals
Based on statistics from 194 Member States as of 2020, the global health workforce is anticipated to reach 65 million, representing an increase of 29% since the adoption of the Global Strategy on Human Resources for Health: Workforce 2030 in 2016. By 2030, the WHO predicts a 10 million-person shortage in the health workforce, mostly in low- and lower-middle-income nations. To varied degrees, countries at all socioeconomic levels have challenges concerning their workforce's training, employment, deployment, retention, and performance.Product Outlook
Based on product, the orthopedic implants market is segmented into hip implants, knee implants, spinal implants, craniomaxillofacial implants, dental implants, and SET implants. The dental implants segment acquired a substantial revenue share in the orthopedic implants market in 2021. The sector is being driven by growth in its medicinal uses and a rise in the need for prosthetics. Implants are most often made of titanium and titanium alloys. Moreover, factors encouraging the segment's expansion include the increasing frequency of oral injuries brought on by auto accidents and sports-related injuries.End- Use Outlook
By end-use, the orthopedic implants market is fragmented into hospitals., orthopedic clinics and others. In 2021, the hospital segment dominated the orthopedic implants market by generating the maximum revenue share. This is due to hospitals having the equipment and facilities needed for orthopedic operations, as well as attractive reimbursement schemes. In addition, less expensive healthcare offered by hospitals is resulting in the market growth in this segment.Regional Outlook
Region wise, the orthopedic implants market is analyzed across North America, Europe, Asia Pacific and LAMEA. The North America region held the highest revenue share in the orthopedic implants market in 2021. Due to the increased rates of osteoporosis and osteoarthritis, the aging population, the rise in trauma cases from sports and traffic accidents, and changing lifestyles. Also, factors like a rise in healthcare spending and the use of 3D printing in the healthcare industry contribute to market development in the area.The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Medtronic PLC, Johnson & Johnson (DePuy Synthes), Stryker Corporation, Zimmer Biomet Holdings, Inc., Smith & Nephew PLC, ConMed Corporation, B. Braun Melsungen AG (Aesculap, Inc.), Colfax Corporation, NuVasive, Inc., and Arthrex, Inc.
Scope of the Study
By Product
- Knee Implants
- Spinal Implants
- Craniomaxillofacial Implants
- Hip Implants
- Dental Implants
- SET Implants
By End-use
- Hospitals
- Orthopedic Clinics
- Others
By Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Medtronic PLC
- Johnson & Johnson (DePuy Synthes)
- Stryker Corporation
- Zimmer Biomet Holdings, Inc.
- Smith & Nephew PLC
- ConMed Corporation
- B.Braun Melsungen AG (Aesculap, Inc.)
- Colfax Corporation
- NuVasive, Inc.
- Arthrex, Inc.
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Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Orthopedic Implants Market, by Product
1.4.2 Global Orthopedic Implants Market, by End-use
1.4.3 Global Orthopedic Implants Market, by Geography
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Global Orthopedic Implants Market by Product
3.1 Global Knee Implants Market by Region
3.2 Global Spinal Implants Market by Region
3.3 Global Craniomaxillofacial Implants Market by Region
3.4 Global Hip Implants Market by Region
3.5 Global Dental Implants Market by Region
3.6 Global SET Implants Market by Region
Chapter 4. Global Orthopedic Implants Market by End-use
4.1 Global Hospitals Market by Region
4.2 Global Orthopedic Clinics Market by Region
4.3 Global Others Market by Region
Chapter 5. Global Orthopedic Implants Market by Region
5.1 North America Orthopedic Implants Market
5.1.1 North America Orthopedic Implants Market by Product
5.1.1.1 North America Knee Implants Market by Country
5.1.1.2 North America Spinal Implants Market by Country
5.1.1.3 North America Craniomaxillofacial Implants Market by Country
5.1.1.4 North America Hip Implants Market by Country
5.1.1.5 North America Dental Implants Market by Country
5.1.1.6 North America SET Implants Market by Country
5.1.2 North America Orthopedic Implants Market by End-use
5.1.2.1 North America Hospitals Market by Country
5.1.2.2 North America Orthopedic Clinics Market by Country
5.1.2.3 North America Others Market by Country
5.1.3 North America Orthopedic Implants Market by Country
5.1.3.1 US Orthopedic Implants Market
5.1.3.1.1 US Orthopedic Implants Market by Product
5.1.3.1.2 US Orthopedic Implants Market by End-use
5.1.3.2 Canada Orthopedic Implants Market
5.1.3.2.1 Canada Orthopedic Implants Market by Product
5.1.3.2.2 Canada Orthopedic Implants Market by End-use
5.1.3.3 Mexico Orthopedic Implants Market
5.1.3.3.1 Mexico Orthopedic Implants Market by Product
5.1.3.3.2 Mexico Orthopedic Implants Market by End-use
5.1.3.4 Rest of North America Orthopedic Implants Market
5.1.3.4.1 Rest of North America Orthopedic Implants Market by Product
5.1.3.4.2 Rest of North America Orthopedic Implants Market by End-use
5.2 Europe Orthopedic Implants Market
5.2.1 Europe Orthopedic Implants Market by Product
5.2.1.1 Europe Knee Implants Market by Country
5.2.1.2 Europe Spinal Implants Market by Country
5.2.1.3 Europe Craniomaxillofacial Implants Market by Country
5.2.1.4 Europe Hip Implants Market by Country
5.2.1.5 Europe Dental Implants Market by Country
5.2.1.6 Europe SET Implants Market by Country
5.2.2 Europe Orthopedic Implants Market by End-use
5.2.2.1 Europe Hospitals Market by Country
5.2.2.2 Europe Orthopedic Clinics Market by Country
5.2.2.3 Europe Others Market by Country
5.2.3 Europe Orthopedic Implants Market by Country
5.2.3.1 Germany Orthopedic Implants Market
5.2.3.1.1 Germany Orthopedic Implants Market by Product
5.2.3.1.2 Germany Orthopedic Implants Market by End-use
5.2.3.2 UK Orthopedic Implants Market
5.2.3.2.1 UK Orthopedic Implants Market by Product
5.2.3.2.2 UK Orthopedic Implants Market by End-use
5.2.3.3 France Orthopedic Implants Market
5.2.3.3.1 France Orthopedic Implants Market by Product
5.2.3.3.2 France Orthopedic Implants Market by End-use
5.2.3.4 Russia Orthopedic Implants Market
5.2.3.4.1 Russia Orthopedic Implants Market by Product
5.2.3.4.2 Russia Orthopedic Implants Market by End-use
5.2.3.5 Spain Orthopedic Implants Market
5.2.3.5.1 Spain Orthopedic Implants Market by Product
5.2.3.5.2 Spain Orthopedic Implants Market by End-use
5.2.3.6 Italy Orthopedic Implants Market
5.2.3.6.1 Italy Orthopedic Implants Market by Product
5.2.3.6.2 Italy Orthopedic Implants Market by End-use
5.2.3.7 Rest of Europe Orthopedic Implants Market
5.2.3.7.1 Rest of Europe Orthopedic Implants Market by Product
5.2.3.7.2 Rest of Europe Orthopedic Implants Market by End-use
5.3 Asia Pacific Orthopedic Implants Market
5.3.1 Asia Pacific Orthopedic Implants Market by Product
5.3.1.1 Asia Pacific Knee Implants Market by Country
5.3.1.2 Asia Pacific Spinal Implants Market by Country
5.3.1.3 Asia Pacific Craniomaxillofacial Implants Market by Country
5.3.1.4 Asia Pacific Hip Implants Market by Country
5.3.1.5 Asia Pacific Dental Implants Market by Country
5.3.1.6 Asia Pacific SET Implants Market by Country
5.3.2 Asia Pacific Orthopedic Implants Market by End-use
5.3.2.1 Asia Pacific Hospitals Market by Country
5.3.2.2 Asia Pacific Orthopedic Clinics Market by Country
5.3.2.3 Asia Pacific Others Market by Country
5.3.3 Asia Pacific Orthopedic Implants Market by Country
5.3.3.1 China Orthopedic Implants Market
5.3.3.1.1 China Orthopedic Implants Market by Product
5.3.3.1.2 China Orthopedic Implants Market by End-use
5.3.3.2 Japan Orthopedic Implants Market
5.3.3.2.1 Japan Orthopedic Implants Market by Product
5.3.3.2.2 Japan Orthopedic Implants Market by End-use
5.3.3.3 India Orthopedic Implants Market
5.3.3.3.1 India Orthopedic Implants Market by Product
5.3.3.3.2 India Orthopedic Implants Market by End-use
5.3.3.4 South Korea Orthopedic Implants Market
5.3.3.4.1 South Korea Orthopedic Implants Market by Product
5.3.3.4.2 South Korea Orthopedic Implants Market by End-use
5.3.3.5 Singapore Orthopedic Implants Market
5.3.3.5.1 Singapore Orthopedic Implants Market by Product
5.3.3.5.2 Singapore Orthopedic Implants Market by End-use
5.3.3.6 Malaysia Orthopedic Implants Market
5.3.3.6.1 Malaysia Orthopedic Implants Market by Product
5.3.3.6.2 Malaysia Orthopedic Implants Market by End-use
5.3.3.7 Rest of Asia Pacific Orthopedic Implants Market
5.3.3.7.1 Rest of Asia Pacific Orthopedic Implants Market by Product
5.3.3.7.2 Rest of Asia Pacific Orthopedic Implants Market by End-use
5.4 LAMEA Orthopedic Implants Market
5.4.1 LAMEA Orthopedic Implants Market by Product
5.4.1.1 LAMEA Knee Implants Market by Country
5.4.1.2 LAMEA Spinal Implants Market by Country
5.4.1.3 LAMEA Craniomaxillofacial Implants Market by Country
5.4.1.4 LAMEA Hip Implants Market by Country
5.4.1.5 LAMEA Dental Implants Market by Country
5.4.1.6 LAMEA SET Implants Market by Country
5.4.2 LAMEA Orthopedic Implants Market by End-use
5.4.2.1 LAMEA Hospitals Market by Country
5.4.2.2 LAMEA Orthopedic Clinics Market by Country
5.4.2.3 LAMEA Others Market by Country
5.4.3 LAMEA Orthopedic Implants Market by Country
5.4.3.1 Brazil Orthopedic Implants Market
5.4.3.1.1 Brazil Orthopedic Implants Market by Product
5.4.3.1.2 Brazil Orthopedic Implants Market by End-use
5.4.3.2 Argentina Orthopedic Implants Market
5.4.3.2.1 Argentina Orthopedic Implants Market by Product
5.4.3.2.2 Argentina Orthopedic Implants Market by End-use
5.4.3.3 UAE Orthopedic Implants Market
5.4.3.3.1 UAE Orthopedic Implants Market by Product
5.4.3.3.2 UAE Orthopedic Implants Market by End-use
5.4.3.4 Saudi Arabia Orthopedic Implants Market
5.4.3.4.1 Saudi Arabia Orthopedic Implants Market by Product
5.4.3.4.2 Saudi Arabia Orthopedic Implants Market by End-use
5.4.3.5 South Africa Orthopedic Implants Market
5.4.3.5.1 South Africa Orthopedic Implants Market by Product
5.4.3.5.2 South Africa Orthopedic Implants Market by End-use
5.4.3.6 Nigeria Orthopedic Implants Market
5.4.3.6.1 Nigeria Orthopedic Implants Market by Product
5.4.3.6.2 Nigeria Orthopedic Implants Market by End-use
5.4.3.7 Rest of LAMEA Orthopedic Implants Market
5.4.3.7.1 Rest of LAMEA Orthopedic Implants Market by Product
5.4.3.7.2 Rest of LAMEA Orthopedic Implants Market by End-use
Chapter 6. Company Profiles
6.1 Medtronic PLC
6.1.1 Company overview
6.1.2 Financial Analysis
6.1.3 Segmental and Regional Analysis
6.1.4 Research & Development Expenses
6.1.5 SWOT Analysis
6.2 Johnson & Johnson (DePuy Synthes)
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental &Regional Analysis
6.2.4 Research & Development Expenses
6.2.5 Recent strategies and developments:
6.2.5.1 Product Launches and Product Expansions:
6.2.5.2 Acquisition and Mergers:
6.3 Stryker Corporation
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Segmental and Regional Analysis
6.3.4 Research & Development Expense
6.3.5 Recent strategies and developments:
6.3.5.1 Product Launches and Product Expansions:
6.3.5.2 Acquisition and Mergers:
6.4 Zimmer Biomet Holdings, Inc.
6.4.1 Company Overview
6.4.2 Financial Analysis
6.4.3 Segmental and Regional Analysis
6.4.4 Research & Development Expense
6.5 Smith & Nephew PLC
6.5.1 Company Overview
6.5.2 Financial Analysis
6.5.3 Regional and Segmental Analysis
6.5.4 Research & Development Expense
6.6 ConMed Corporation
6.6.1 Company Overview
6.6.2 Financial Analysis
6.6.3 Regional Analysis
6.6.4 Research & Development Expense
6.7 B. Braun Melsungen AG (Aesculap, Inc.)
6.7.1 Company Overview
6.7.2 Financial Analysis
6.7.3 Segmental and Regional Analysis
6.7.4 Research & Development Expenses
6.8 Colfax Corporation
6.8.1 Company Overview
6.8.2 Financial Analysis
6.8.3 Segmental and Regional Analysis
6.8.4 Research & Development Expenses
6.9 NuVasive, Inc.
6.9.1 Company Overview
6.9.2 Financial Analysis
6.9.3 Regional Analysis
6.9.4 Research & Development Expense
6.10. Arthrex, Inc.
6.10.1 Company Overview
Companies Mentioned
- Medtronic PLC
- Johnson & Johnson (DePuy Synthes)
- Stryker Corporation
- Zimmer Biomet Holdings, Inc.
- Smith & Nephew PLC
- ConMed Corporation
- B. Braun Melsungen AG (Aesculap, Inc.)
- Colfax Corporation
- NuVasive, Inc.
- Arthrex, Inc.
Methodology
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