Press release
Orthopedic Implant Market is Estimated to Reach USD 74.61 billion by 2030: Cognitive Market Research
Orthopedic Implant Market is Estimated to Reach USD 74.61 billion by 2030: Cognitive Market Research
- An Orthopedic Implant is a medical device designed to replace a bone, joint, or
cartilage due to damage or deformity. For instance, a patient might require an
implant as a result of a congenital impairment, limb loss, or leg fracture. The
implant can be utilized to replace the articulating surfaces in various body joints
and aid in bone fixation.
Summary:
- Global Orthopedic Implant Market size stood at USD 49.81 billion in 2023 and is projected to reach around USD 74.61 billion by 2030, with a CAGR of 5.17% over the forecast period 2023 to 2030. Further, North America is the dominating region for the orthopedic market.
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Market Dynamics
- The rising geriatric population and the prevalence of osteoporosis are the major driving factors for orthopedic implants. Osteoporosis is common in the osteoarthritic arthroplasty population, with a prevalence at least equal to that in the general population, which is fuelling the growth of the market. In addition, rising healthcare infrastructure will create opportunities for the market in the forecast period. the expenses of healthcare are rising in different countries over time, which creates opportunities for market players. However, the high cost associated with orthopedic implant procedures may hamper the growth of the company.
Market Segmentation:
- Product
Reconstructive Joint Replacements
Spinal Implants
Trauma
Orthobiologics
Others
- Type
Wrist & Shoulder
Dental
Knee
Hip
Spine
Ankle
Knee orthopedic implants are the dominating segment based on the types and it is estimated that it will grow with the highest CAGR in the forecast period. This is due to the increasing number of road accidents, and sports injuries.
- Biomaterial
Metallic Biomaterials
Ceramic Biomaterials
Polymers Biomaterials
Others
Based on biomaterials, the market is segmented into Metallic Biomaterials Ceramic Biomaterials, Polymers Biomaterials, and others. Among these Metallic Biomaterials is the dominating segment, owing to their cost-effectiveness, and better bone healing compared to other biomaterials.
- Procedure
Open Surgery
Minimally Invasive Surgery (MIS)
Others
- End User
Hospitals
Orthopedic Clinics
Home Cares
Others
- Major Players in Orthopedic Implant Market are: Zimmer Biomet, DePuy Synthes, Stryker, Smith & Nephew, Medtronic, NuVasive, Globus Medical, B. Braun Aesculap, Wright Medica, Acumed, MicroPort, Orthofix, Weigao Ortho, LINK, Johnson & Johnson, Naton, Arthrex, Komal Health Care.
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Regional Analysis
- On the basis of geography, North America has dominated the orthopedic implant market. This is due to the prevalence of osteoarthritis and osteoporosis, and the growing healthcare infrastructure. On the other hand, Europe is estimated as the second-largest market for orthopedic implants market, owing to the increasing sedentary lifestyle.
News
- The Orthopaedic Implant Company Announced FDA Clearance, And Launch of First and Only High-Value Dorsal Spanning Plate (April 2022) The Orthopaedic Implant Company (OIC) announced the FDA clearance and commercial launch of the dorsal spanning plate. This addition to the company's orthopedic trauma implant portfolio expands the potential clinical impact of OIC's DRPx wrist fracture plating system, fortifying it as the most comprehensive and value-driven alternative to other premium-priced plating systems currently in use.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
1.1 Global Orthopedic Implants Industry Introduction
1.2 Objectives of the Study
1.3 USP of the Report
1.4 Who is this report for?
1.5 Designing of Market Scope
1.5.1 Segmentation
1.5.1 Regional Fragmentation
1.5.1 Market Players
1.6 Report Duration
Chapter 2 Research Methodology
Chapter 3 Executive Summary
3.1 Global Orthopedic Implants Market Size 2018 - 2030, (USD Million)
3.2 Global Orthopedic Implants Market: Snapshot
Chapter 4 Global Orthopedic Implants Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Orthopedic Implants Market by Type Segmentation Analysis (2018-2030)
Chapter 9 Global Orthopedic Implants Market by Application Segmentation Analysis (2018-2030)
Chapter 10 Global Orthopedic Implants Market Regional Analysis
Chapter 11 North America Orthopedic Implants Market Outlook (2018 - 2030)
Chapter 12 Europe Orthopedic Implants Market Outlook (2018 - 2030)
Chapter 13 Asia Pacific Orthopedic Implants Market Outlook (2018 - 2030)
Chapter 14 Latin America Orthopedic Implants Market Outlook (2018 - 2030)
Chapter 15 Middle East and Africa Orthopedic Implants Market Outlook (2018 - 2030)
Chapter 16 Research Findings
To know more Orthopedic Implant Market TOC click here: https://www.cognitivemarketresearch.com/orthopedic-implants-market-report#table_of_contents
Related Reports
- Dental Implants Market- https://www.cognitivemarketresearch.com/dental-implants-market-report
- Orthopedic Devices Market- https://www.cognitivemarketresearch.com/orthopedic-devices-market-report
- Medical Devices Market- https://www.cognitivemarketresearch.com/medical-devices-market-report
ππ¨π§ππππ ππ¬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
United States
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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