Orthopedic Implants Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Orthopedic Implants Market covers analysis by Product (Plates & Screws, Nails & Rods, Pins & Wires, and Others), Application (Reconstructive Joint Replacements, Spine Implants, Dental Implants, Trauma Implants, Orthobiologics, and Others), End User (Hospitals, Orthopaedic Clinics, Ambulatory Surgical Centres, and Others), and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00024316
  • Category : Medical Device
  • No. of Pages : 150

Orthopedic Implants Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

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The orthopedic implants market is expected to grow from US$ 46,101.2 million in 2021 to US$ 67,235.1 million by 2028; it is expected to grow at a CAGR of 5.6% from 2022 to 2028.

Orthopedic implants are surgically placed inside the body to replace or support a missing or damaged bone or joint. They are manufactured using stainless steel, titanium alloys, ceramics, and polymers. They are used to stabilize body posture, treat deformities, and restore normal skeletal function. These implants have an array of applications in orthopedic injuries, fractures, etc. They can be permanently placed inside the human body or withdrawn after the desired result.

MARKET DYNAMICS
The orthopedic implants market is characterized by the presence of various small and large companies. The market players are adopting various strategies such as new product launches, regional market expansion, and technological advancements to increase market share of orthopedic implants. Rising demand for orthopedic implants due to the increased prevalence of orthopedic conditions and surgical site infections related to orthopedic implants has encouraged market players to launch new products in the market, aiding the overall market growth. However, high cost of orthopedic implants is expected to hamper the overall market growth. Antimicrobial nanoparticles are becoming promising candidates for implant coatings through the development of biomaterials and nanotechnology. Market players are investing in R&D to develop advanced technologies and gain more revenue share by acquiring regulatory approvals and marketing access.

MARKET SCOPE
The “Global Orthopedic Implants Market Analysis to 2028” report aims to provide an overview of the orthopedic implants market with detailed market segmentation based on product, application, and end user. The report provides key market statistics based on the performances of the leading players. It also offers key trends and opportunities in the market.

Strategic Insights

MARKET SEGMENTATION
The global orthopedic implants market is segmented intoproduct, application, and end user. Based on product, the market is segmented into plates & screws, nails & rods, pins & wires, and others. Based on application, the market is categorized into reconstructive joint replacements, spine implants, dental implants, trauma implants, orthobiologics, and others. Based on end user the market is segmented into hospitals, orthopedic clinics, ambulatory surgical centers, and others.

REGIONAL FRAMEWORK
The global orthopedic implants market into five major regions—North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South & Central America. The report covers analysis and forecast of 18 countries across the world along with market trends and opportunities prevailing in the regions.

From the regional perspective, North America dominates the orthopedic implants market. The market growth in the region is majorly attributed to a large number of advanced surgical treatment clinics and an increasing number of orthopedic surgical procedures in the US. According to the American Academy of Orthopaedic Surgeons (AAOS), in the US, full-time practicing orthopedic surgeons perform an average of 32 orthopedic procedures each month. Further, technological advancements in orthopedic implant procedures and growing healthcare expenditure levels are fueling the growth of the North America orthopedic implants market.

The below figure showcase the revenue growth in the orthopedic implants market:

The report analyzes factors, such as drivers, restraints, opportunities, and future trends, which impact the orthopedic implants market. It also provides PEST analysis of the factors affecting the orthopedic implants market.

IMPACT OF COVID-19 PANDEMIC

The COVID-19 outbreak led to a decrease in demand for orthopedic implants globally. Orthopedic surgeons have a unique perspective of working with patients, and their teams continue to face various challenges during the crisis. The surgeries related to the orthopedic implants were delayed or performed only in urgent cases such as accidents or sports injuries. Moreover, the healthcare system have now started the operations. Patient care has been improving compared to the initial months of the pandemic. Thus, the impacts of the COVID-19 pandemic hampered the growth of the orthopedic implants market.

Orthopedic Implants Market Report Analysis

Orthopedic Implants Market
  • CAGR
    CAGR (2023 - 2031)
    5.60%
  • Market Size 2023
    US$ 51.41 Billion
  • Market Size 2031
    US$ 79.50 Billion

Report Coverage

  • Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
  • Key future trends
  • Detailed PEST/Porter’s Five Forces and SWOT analysis
  • Industry landscape and competition analysis & recent developments
  • Detailed company profiles
  • Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

  • Smith and Nephew Plc
  • Zimmer Biomet Holdings Inc
  • Stryker Corporation
  • Johnson and Johnson DePuy Synthes
  • Medtronic
  • Wright Medical Group N V
  • Arthrex Inc
  • CONMED Corporation
  • Globus Medical Inc

Regional Overview

Regional Overview
  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

Market Segment By Product
  • Plates & Screws
  • Nails & Rods
  • Pins & Wires
  • Others
Market Segment By Application
  • Reconstructive Joint Replacements
  • Spine Implants
  • Dental Implants
  • Trauma Implants
  • Orthobiologics
  • Others
Market Segment By End User
  • Hospitals
  • Orthopaedic Clinics
  • Ambulatory Surgical Centres
  • Others
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
MARKET PLAYERS

The report covers key developments in the orthopedic implants market. Various companies are focusing on organic growth strategies, such as product launches, product approvals, patents, and events. Inorganic growth strategies such as acquisitions, partnerships, and collaborations have encouraged the expansion of business and the customer base of market players. The market players operating in the orthopedic implants market are anticipated to experience lucrative growth opportunities in the coming years with the rising demand for orthopedic implants.

The report also includes the profiles of key orthopedic implant companies, along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information for the last three years, and key development in the past five years. The list of a few companies engaged in the orthopedic implants market is mentioned below:

  • DJO Finance LLC
  • Johnson & Johnson (DePuy Synthes)
  • Medtronic Plc
  • Zimmer Biomet Holdings, Inc.
  • Stryker Corporation
  • NuVasive, Inc.
  • CONMED Corporation
  • Smith and Nephew Plc
  • Arthrex, Inc.
  • Globus Medical, Inc

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.

Orthopedic Implants Market Report Scope

Report Attribute Details
Market size in 2023 US$ 51.41 Billion
Market Size by 2031 US$ 79.50 Billion
Global CAGR (2023 - 2031) 5.60%
Historical Data 2021-2022
Forecast period 2024-2031
Segments Covered By Product
  • Plates & Screws
  • Nails & Rods
  • Pins & Wires
  • Others
By Application
  • Reconstructive Joint Replacements
  • Spine Implants
  • Dental Implants
  • Trauma Implants
  • Orthobiologics
  • Others
By End User
  • Hospitals
  • Orthopaedic Clinics
  • Ambulatory Surgical Centres
  • Others
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Smith and Nephew Plc
  • Zimmer Biomet Holdings Inc
  • Stryker Corporation
  • Johnson and Johnson DePuy Synthes
  • Medtronic
  • Wright Medical Group N V
  • Arthrex Inc
  • CONMED Corporation
  • Globus Medical Inc
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Report Coverage

Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered

Segment Covered

Product, Application, End User, and Geography

Regional Scope

Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope

Country Scope

US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina

The List of Companies

1. Smith and Nephew Plc.
2. Zimmer Biomet Holdings, Inc.
3. Stryker Corporation
4. Johnson and Johnson (DePuy Synthes)
5. Medtronic
6. Wright Medical Group N.V.
7. Arthrex, Inc.
8. CONMED Corporation
9. Globus Medical Inc.
10. DJO Finance LLC

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