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Orthopedic Implants Market, Global Forecast 2023-2028, Industry Trends, Growth, Impact of Inflation, Opportunity Company Analysis

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    Report

  • 135 Pages
  • January 2023
  • Region: Global
  • Renub Research
  • ID: 5715824

Worldwide Orthopedic Implants Market was US$ 49.80 Billion in 2022

Global Orthopedic Implants Market is anticipated to reach US$ 68.71 Billion by 2028 according to the publisher. Globally, an orthopedic implant is a medical device that is surgically inserted inside the body to reinforce or replace a damaged bone structure and restore bone function. After achieving the intended outcomes, these implants are either removed or permanently incorporated into the human body. Depending on the patient's condition, the orthopedic surgeon uses various surgical techniques to implant the implants into the body. The appropriate material choice for an orthopedic implant depends on its intended use. Orthopedic implants frequently use ceramics, polymers, and metallic alloys. These substances have various physical, chemical, and biological characteristics that are suitable for particular purposes.

Global Orthopedic Implants Market will grow with a 5.51% CAGR during the forecast period:

The rapid rise in the geriatric population, who are more susceptible to orthopedic problems, and the rising prevalence of orthopedic disorders such as arthritis and osteoarthritis are some of the factors driving the market's growth. In addition, an increase in accidents and injuries, traumas, middle-age bone disorders, and bone viscosity issues are expanding the orthopedic implant market. Furthermore, technical advancements like robot-assisted surgical instruments, acceptance of implanted medical devices, and widespread use of orthopedic implants to treat musculoskeletal and orthopedic illnesses, & injuries are boosting the orthopedic implants market growth.

By Application: Joint Reconstruction holds the lion's share:

Based on application, the orthopedic implants market is divided into joint reconstruction, spinal implants, trauma implants, dental implants, orthobiologics, and others. The joint reconstruction segment dominated the market due to the rapid increase in the cases of osteoarthritis, the rising geriatric population, and technological advancements in joint reconstruction devices. Additionally, increased R&D activities and rising healthcare expenditures will boost the joint reconstruction segment's growth during the forecast period.

Ceramics & Bioactive Glass and Polymers Segments are growing significantly:

Due to the rising use of ceramics in various treatments for the repair of hard tissues, the ceramics & bioactive glass sector is growing significantly. On the other hand, the polymer category is predicted to experience growth due to its widespread application as bone cement and load-bearing surfaces for total joint arthroplasties. Additionally, the availability of advanced polymers and biopolymers for various applications is further responsible for boosting the polymers biomaterial segment.

Hospitals & Surgery Centers acquire the most significant share:

Based on end users, the orthopedic implants market is divided into hospitals & surgery centers, orthopedic clinics, and others. Hospitals & Surgery Centres hold the largest share due to the availability of the latest equipment and technologies, skilled healthcare professionals, and favorable reimbursement policies. Additionally, collaborations between hospitals and key players to create advanced surgical procedures will enhance the market growth during the forecast period. Furthermore, due to the growing number of orthopedic clinics and technological improvements, the orthopedic clinics segment will experience significant growth throughout the forecast period.

By Region: North America dominates the Orthopedic Implants Market:

In 2022, North America dominated the global orthopedic implants market owing to the presence of various key players in the North American region, the strong penetration of robotic and digital technologies in healthcare, and the rising prevalence of orthopedic illnesses. Furthermore, the growing geriatric population, the gradual movement in favor of minimally invasive techniques, and rising R&D expenditures will also contribute to market expansion in the North American region during the forecast period.

On the other hand, the Asia Pacific region will also grow during the forecast period because of the increasing investments made by major market participants to increase their regional presence, the rising number of operations performed, and the rapidly advancing healthcare infrastructure in the region. As per this research report, Worldwide Orthopedic Implants Market was US$ 49.80 Billion in 2022.

Covid-19 Impact on the Global Orthopedic Implants Market:

The COVID-19 epidemic negatively impacted the orthopedic implant market because hospitals and healthcare services were reduced drastically due to social distancing measures implemented by governments all over the world. As a result, the whole healthcare sector concentrated on COVID-19-related and life-saving procedures during the pandemic. Additionally, the majority of surgical procedures were either canceled or delayed, which hampered the growth of the orthopedic implant market. However, the orthopedic implant market regained its potential growth as soon as elective surgeries were performed.

Key Players Analysis:

Conmed Corporation, Medtronic plc, Stryker Corporation, NuVasive Inc, Smith & Nephew Inc, Zimmer Biomet Holdings, Integra Lifesciences Holdings, and Baxter are the leading key players in the Global Orthopedics Implants Market. The leading players are implementing strategies like product innovations, mergers, acquisitions, collaborations, partnerships, joint ventures, and new advancements to strengthen their global market position in the orthopedic implants market.

The publisher's latest report “Global Orthopedic Implants Market Forecast by Application (Joint Reconstruction, Spinal Implants, Trauma Implants, Dental Implants, Orthobiologics and Others), by Material (Ceramics & Bioactive Glasses biomaterials, Polymers Biomaterials, calcium phosphate cements, metal biomaterials, composites), by End User (Hospitals & Surgery Centers, Orthopedic Clinics and Others) by Region (North America, Europe, Asia Pacific, ROW) Key Players Analysis (Conmed Corporation, Medtronic plc, Stryker Corporation, NuVasive Inc, Smith & Nephew Inc, Zimmer Biomet Holdings, Integra Lifesciences Holdings and Baxter) provides a detailed analysis of Global Orthopedic Implants Market.

Application - Global Orthopedic Implants Market has been covered from 6 viewpoints

1. Joint Reconstruction
2. Spinal Implants
3. Trauma Implants
4. Dental Implants
5. Orthobiologics
6. Others

Material - Global Orthopedic Implants Market has been covered from 5 viewpoints

1. Ceramics & Bioactive Glasses biomaterials
2. Polymers Biomaterials
3. Calcium phosphate cements
4. Metal biomaterials
5. Composites

End Users - Global Orthopedic Implants Market has been covered from 3 viewpoints

1. Hospitals & Surgery Centers
2. Orthopedic Clinics
3. Others

Region - Global Orthopedic Implants Market has been covered from 4 viewpoints

1. North America
2. Europe
3. Asia Pacific
4. Rest of World

Key Players

1. Conmed Corporation
2. Medtronic plc
3. Stryker Corporation
4. NuVasive Inc
5. Smith & Nephew Inc
6. Zimmer Biomet Holdings
7. Integra Lifesciences Holdings
8. Baxter
Frequently Asked Questions about the Orthopedic Implants Market

What is the estimated value of the Orthopedic Implants Market?

The Orthopedic Implants Market was estimated to be valued at $49.8 Billion in 2022.

What is the growth rate of the Orthopedic Implants Market?

The growth rate of the Orthopedic Implants Market is 5.5%, with an estimated value of $68.71 Billion by 2028.

What is the forecasted size of the Orthopedic Implants Market?

The Orthopedic Implants Market is estimated to be worth $68.71 Billion by 2028.

Who are the key companies in the Orthopedic Implants Market?

Key companies in the Orthopedic Implants Market include Conmed Corporation, Medtronic plc, Stryker Corporation, NuVasive Inc, Smith & Nephew Inc, Zimmer Biomet Holdings and Baxter.

Table of Contents

1. Introduction

2. Research & Methodology

3. Executive Summary

4. Market Dynamics
4.1 Growth Drivers
4.2 Challenge

5. Global Orthopedic Implants Market

6. Market Share - Global Orthopedic Implants
6.1 By Application
6.2 By Material
6.3 By End User
6.4 By Region

7. Application - Global Orthopedic Implants Market
7.1 Joint Reconstruction
7.2 Spinal Implants
7.3 Trauma Implants
7.4 Dental Implants
7.5 Orthobiologics
7.6 Others

8. Material - Global Orthopedic Implants Market
8.1 Ceramics & Bioactive Glasses biomaterials
8.2 Polymers Biomaterials
8.3 Calcium Phosphate Cements
8.4 Metal Biomaterials
8.5 Composites

9. End User - Global Orthopedic Implants Market
9.1 Hospitals & Surgery Centers
9.2 Orthopedic Centers
9.3 Others

10. Region - Global Orthopedic Implants Market
10.1 North America
10.2 Europe
10.3 Asia Pacific
10.4 Rest of World

11. Key Players Analysis
11.1 Conmed Corporation
11.1.1 Business Overview
11.1.2 Recent Development
11.1.3 Sales Analysis
11.2 Medtronic Plc
11.2.1 Business Overview
11.2.2 Recent Development
11.2.3 Sales Analysis
11.3 Stryker Corporation
11.3.1 Business Overview
11.3.2 Recent Development
11.3.3 Sales Analysis
11.4 NuVasive Inc
11.4.1 Business Overview
11.4.2 Recent Development
11.4.3 Sales Analysis
11.5 Smith & Nephew Inc
11.5.1 Business Overview
11.5.2 Recent Development
11.5.3 Sales Analysis
11.6 Zimmer Biomet Holdings
11.6.1 Business Overview
11.6.2 Recent Development
11.6.3 Sales Analysis
11.7 Integra Lifesciences Holdings
11.7.1 Business Overview
11.7.2 Recent Development
11.7.3 Sales Analysis
11.8 Baxter
11.8.1 Business Overview
11.8.2 Recent Development
11.8.3 Sales Analysis

List of Figures:
Figure 01: Global - Orthopedic Implants Market (Billion US$), 2018 - 2022
Figure 02: Global - Forecast for Orthopedic Implants Market (Billion US$), 2023 - 2028
Figure 03: Application - Joint Reconstruction Market (Billion US$), 2018 - 2022
Figure 04: Application - Forecast for Joint Reconstruction Market (Billion US$), 2023 - 2028
Figure 05: Application - Spinal Implants Market (Billion US$), 2018 - 2022
Figure 06: Application - Forecast for Spinal Implants Market (Billion US$), 2023 - 2028
Figure 07: Application - Trauma Implants Market (Billion US$), 2018 - 2022
Figure 08: Application - Forecast for Trauma Implants Market (Billion US$), 2023 - 2028
Figure 09: Application - Dental Implants Market (Billion US$), 2018 - 2022
Figure 10: Application - Forecast for Dental Implants Market (Billion US$), 2023 - 2028
Figure 11: Application - Orthobiologics Market (Billion US$), 2018 - 2022
Figure 12: Application - Forecast for Orthobiologics Market (Billion US$), 2023 - 2028
Figure 13: Application - Others Market (Billion US$), 2018 - 2022
Figure 14: Application - Forecast for Others Market (Billion US$), 2023 - 2028
Figure 15: Material - Ceramics & Bioactive Glasses biomaterials Market (Billion US$), 2018 - 2022
Figure 16: Material - Forecast for Ceramics & Bioactive Glasses biomaterials Market (Billion US$), 2023 - 2028
Figure 17: Material - Polymers Biomaterials Market (Billion US$), 2018 - 2022
Figure 18: Material - Forecast for Polymers Biomaterials Market (Billion US$), 2023 - 2028
Figure 19: Material - Calcium Phosphate Cements Market (Billion US$), 2018 - 2022
Figure 20: Material - Forecast for Calcium Phosphate Cements Market (Billion US$), 2023 - 2028
Figure 21: Material - Metal Biomaterials Market (Billion US$), 2018 - 2022
Figure 22: Material - Forecast for Metal Biomaterials Market (Billion US$), 2023 - 2028
Figure 23: Material - Composites Market (Billion US$), 2018 - 2022
Figure 24: Material - Forecast for Composites Market (Billion US$), 2023 - 2028
Figure 25: End User - Hospitals & Surgery Centers Market (Billion US$), 2018 - 2022
Figure 26: End User - Forecast for Hospitals & Surgery Centers Market (Billion US$), 2023 - 2028
Figure 27: End User - Orthopedic Centers Market (Billion US$), 2018 - 2022
Figure 28: End User - Forecast for Orthopedic Centers Market (Billion US$), 2023 - 2028
Figure 29: End User - Others Market (Billion US$), 2018 - 2022
Figure 30: End User - Forecast for Others Market (Billion US$), 2023 - 2028
Figure 31: North America - Orthopedic Implants Market (Billion US$), 2018 - 2022
Figure 32: North America - Forecast for Orthopedic Implants Market (Billion US$), 2023 - 2028
Figure 33: Europe - Orthopedic Implants Market (Billion US$), 2018 - 2022
Figure 34: Europe - Forecast for Orthopedic Implants Market (Billion US$), 2023 - 2028
Figure 35: Asia Pacific - Orthopedic Implants Market (Billion US$), 2018 - 2022
Figure 36: Asia Pacific - Forecast for Orthopedic Implants Market (Billion US$), 2023 - 2028
Figure 37: Rest of World - Orthopedic Implants Market (Billion US$), 2018 - 2022
Figure 38: Rest of World - Forecast for Orthopedic Implants Market (Billion US$), 2023 - 2028
Figure 39: Conmed Corporation - Global Revenue (Billion US$), 2018 - 2022
Figure 40: Conmed Corporation - Forecast for Global Revenue (Billion US$), 2023 - 2028
Figure 41: Medtronic Plc - Global Revenue (Billion US$), 2018 - 2022
Figure 42: Medtronic Plc - Forecast for Global Revenue (Billion US$), 2023 - 2028
Figure 43: Stryker Corporation - Global Revenue (Billion US$), 2018 - 2022
Figure 44: Stryker Corporation - Forecast for Global Revenue (Billion US$), 2023 - 2028
Figure 45: NuVasive Inc - Global Revenue (Billion US$), 2018 - 2022
Figure 46: NuVasive Inc - Forecast for Global Revenue (Billion US$), 2023 - 2028
Figure 47: Smith & Nephew Inc - Global Revenue (Billion US$), 2018 - 2022
Figure 48: Smith & Nephew Inc - Forecast for Global Revenue (Billion US$), 2023 - 2028
Figure 49: Zimmer Biomet Holdings - Global Revenue (Billion US$), 2018 - 2022
Figure 50: Zimmer Biomet Holdings - Forecast for Global Revenue (Billion US$), 2023 - 2028
Figure 51: Integra Lifesciences Holdings - Global Revenue (Billion US$), 2018 - 2022
Figure 52: Integra Lifesciences Holdings - Forecast for Global Revenue (Billion US$), 2023 - 2028
Figure 53: Baxter - Global Revenue (Billion US$), 2018 - 2022
Figure 54: Baxter - Forecast for Global Revenue (Billion US$), 2023 - 2028

List of Tables:
Table 01: Global - Orthopedic Implants Market Share by Application (Percent), 2018 - 2022
Table 02: Global - Forecast for Orthopedic Implants Market Share by Application (Percent), 2023 - 2028
Table 03: Global - Orthopedic Implants Market Share by Material (Percent), 2018 - 2022
Table 04: Global - Forecast for Orthopedic Implants Market Share by Material (Percent), 2023 - 2028
Table 05: Global - Orthopedic Implants Market Share by End User (Percent), 2018 - 2022
Table 06: Global - Forecast for Orthopedic Implants Market Share by End UsersPercent), 2023 - 2028
Table 07: Global - Orthopedic Implants Market Share by Region (Percent), 2018 - 2022
Table 08: Global - Forecast for Orthopedic Implants Market Share by Region (Percent), 2023 - 2028

Companies Mentioned

  • Conmed Corporation
  • Medtronic plc
  • Stryker Corporation
  • NuVasive Inc
  • Smith & Nephew Inc
  • Zimmer Biomet Holdings
  • Integra Lifesciences Holdings
  • Baxter

Methodology

In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.

Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.

Primary Research

The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develop the analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth, and forecast

The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:

  • Chief executives and VPs of leading corporations specific to the industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research

The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, webcasts, and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
 

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