The global orthopedic implants market is expected to reach USD 26.47 billion by 2029 from USD 20.94 billion in 2024, at a CAGR of 4.8% from 2024 to 2029. Increased access to various type of orthopedic implants and technological advancements such as use of 3D printing with the manufacturing process has increased demand for the orthopedic implants. Further, increased incidence of accidents and sport injuries that may result in fractures and damage to the joints has enhanced the demand for the orthopedic implants.
The study includes as in-depth competitive analysis of these key players in the authentication and brand protection market, with their company profiles recent developments, and key market stratergies.
The knee implants segment of type segment held the largest share of the market in 2023
The orthopedic implants market is segmented based on type into knee implants, hip implants, shoulder implants, elbow implants, foot & ankle implants, wrist implants and other implants. The knee implants accounted for a the highest share in 2023. Increase in technological innovations, rise in number of obesity cases and the favorable reimbursement scenario for knee replacement procedures is anticipated to fuel the growth of the segment. Developments in robotic assisted knee replacement procedures that improves patient outcomes is another factor propelling the segment expansion. For example, compared to traditional surgery, the Mako Total Knee Replacement from Stryker Corporation can result in less discomfort and a shorter recovery period.The metals and metal alloys segment of material segment held the largest share of the market in 2023
The orthopedic implants market can be segmented based on material into metals and metal alloys, ceramics, polymers and hybrid implants. Growing number for joint replacement surgeries such as reverse shoulder arthroplasty and unique properties such as longevity and resistance to corrosion drive the segment growth. Metal alloys are less expensive and more readily available than other materials. This makes them an appropriate choice for patients and other healthcare professionals especially in areas of price-sensitive markets, and is expected to fuel the segment growth.The ambulatory and trauma care centers segment for the end user segment is projected to register a significant CAGR during the forecast period.
The orthopedic implants market is segmented by end-users into hospitals & surgical centers and ambulatory & trauma care centers. The ambulatory and trauma care centers is projected to register significant growthduring the forecast period. According to Definitive Healthcare there is 304% increase in knee replacement procedures performed in ambulatory surgery centers during the period of 2018-2022. The cost-effectiveness and accessibility anticipated to propel the segment growth. Furthermore, reduced recovery time using minimally invasive surgical techniques is expected to support the growth of this segment.The market in the Asia Pacific region is expected to witness the highest growth during the forecast period.
The north america region accounted for major share in 2023. Asia pacific region to grow at the highest CAGR in orthopedic implants market. Healthcare infrastructure and service investments, in the emerging economies, are fostering the demand for orthopedic implants. Furthermore, market leaders have increased their efforts to strengthen their presence in the Asia Pacific market to meet the ever-growing requirement for orthopedic surgeries and joint replacements. According to International Osteoporosis Foundation more than 50% of osteoporotic hip fractures are expected to occur by 2050.Abreakdown of the primary participants referred to for this report is provided below:
- By Company Type: Tier 1 - 30%, Tier 2 - 42%, and Tier 3 - 28%
- By Designation: Director-level - 10%, C-level - 14%, and Others - 76%
- By Region: North America - 40%, Europe - 30%, Asia Pacific - 22%, Latin America - 6%, and Middle East & Africa - 2%
The study includes as in-depth competitive analysis of these key players in the authentication and brand protection market, with their company profiles recent developments, and key market stratergies.
Research Coverage
This report studies the orthopedic implants market based on type, material, end user, and region. It also covers the factors affecting market growth, analyzes the various opportunities and challenges in the market, and provides details of the competitive landscape for market leaders. Furthermore, the report analyzes micro markets with respect to their growth trends and forecasts the revenue of the market segments with respect to five main regions (and the respective countries in these regions).Reasons to Buy the Report
The report will help market leaders and new entrants with information on the closest approximations of the revenue numbers for the overall orthopedic implants market and the subsegments. It will also help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.This report provides insights on the following pointers:
- Analysis of key drivers (increasing demand for minimally invasive orthopedic surgical procedures and rising number of sports injuries, increasing prevalence of orthopedic diseases and disorders, and increasing research funding and awareness initiatives), restraints (risk and complications associated with orthopedic surgical procedures, high costs of orthopedic surgery), opportunities (growth opportunities in merging markets, advancements in robotic surgery and 3D printing), and challenges (dearth of skilled orthopedic surgeons) influencing the growth of the orthopedic implants market
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the orthopedic implants market
- Market Development: Comprehensive information about lucrative markets-the report analyses the orthopedic implants market across varied regions.
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the orthopedic implants market
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players, such as Stryker Corporation (US), Zimmer Biomet Holdings, Inc. (US), Johnson & Johnson MedTech (US), Smith+Nephew (UK), B. Braun (Germany).
Table of Contents
1 Introduction
2 Research Methodology
4 Premium Insights
5 Market Overview
6 Orthopedic Implants Market, by Type
7 Orthopedic Implants Market, by Material
8 Orthopedic Implants Market, by End-user
9 Orthopedic Implants Market, by Region
10 Competitive Landscape
11 Company Profiles
12 Appendix
List of Tables
List of Figures
Companies Mentioned
- Zimmer Biomet Holdings, Inc.
- Stryker Corporation
- Johnson & Johnson Medtech
- Smith+Nephew
- B. Braun
- Globus Medical, Inc.
- Arthrex, Inc.
- Enovis
- Acumed LLC
- Orthofix Medical Inc.
- Microport Scientific Corporation
- Conmed Corporation
- Medacta International
- Paragon 28, Inc.
- Meril Life Sciences Pvt. Ltd.
- Fh Ortho Sas
- Symbios Orthopédie SA
- Madison Ortho
- Green Surgicals Pvt. Ltd.
- Siora Surgicals Private Limited
- Orthopediatrics Corp.
- Restor3D
- Double Medical Technology Inc.
- Treace Medical Concepts, Inc.
- Ak Medical Holdings Limited
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 260 |
Published | December 2024 |
Forecast Period | 2024 - 2029 |
Estimated Market Value ( USD | $ 20.94 Billion |
Forecasted Market Value ( USD | $ 26.47 Billion |
Compound Annual Growth Rate | 4.8% |
Regions Covered | Global |
No. of Companies Mentioned | 25 |