Orthopedic Implants Market Size Predicted to Hit USD 73.32 billion, Globally, by 2032 at 4.5% CAGR, Says Allied Market Research

Increase in the prevalence of orthopedic injuries or diseases such as arthritis and osteoarthritis and rapid surge in the aging population across the world who are more prone to orthopedic diseases drive the growth of the global orthopedic implants market. On the other hand, factors such as the high cost associated with procedures involving orthopedic implants treatment and stringent government policies regarding the implants impede the growth to some extent. However, rise in adoption of orthopedic implants, increase in awareness about the same, and favorable government policies for the development of orthopedic implants are expected to create lucrative opportunities in the industry.

Allied Market Research published a report, titled," 𝐎𝐫𝐭𝐡𝐨𝐩𝐞𝐝𝐢𝐜 𝐈𝐦𝐩𝐥𝐚𝐧𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐛𝐲 𝐏𝐫𝐨𝐝𝐮𝐜𝐭 𝐓𝐲𝐩𝐞 (𝐑𝐞𝐜𝐨𝐧𝐬𝐭𝐫𝐮𝐜𝐭𝐢𝐯𝐞 𝐉𝐨𝐢𝐧𝐭 𝐑𝐞𝐩𝐥𝐚𝐜𝐞𝐦𝐞𝐧𝐭𝐬, 𝐒𝐩𝐢𝐧𝐚𝐥 𝐈𝐦𝐩𝐥𝐚𝐧𝐭𝐬, 𝐃𝐞𝐧𝐭𝐚𝐥 𝐈𝐦𝐩𝐥𝐚𝐧𝐭𝐬, 𝐓𝐫𝐚𝐮𝐦𝐚, 𝐎𝐫𝐭𝐡𝐨𝐛𝐢𝐨𝐥𝐨𝐠𝐢𝐜𝐬, 𝐎𝐭𝐡𝐞𝐫𝐬), 𝐛𝐲 𝐁𝐢𝐨𝐦𝐚𝐭𝐞𝐫𝐢𝐚𝐥 (𝐌𝐞𝐭𝐚𝐥𝐥𝐢𝐜 𝐁𝐢𝐨𝐦𝐚𝐭𝐞𝐫𝐢𝐚𝐥𝐬, 𝐂𝐞𝐫𝐚𝐦𝐢𝐜 𝐁𝐢𝐨𝐦𝐚𝐭𝐞𝐫𝐢𝐚𝐥𝐬, 𝐏𝐨𝐥𝐲𝐦𝐞𝐫𝐢𝐜 𝐁𝐢𝐨𝐦𝐚𝐭𝐞𝐫𝐢𝐚𝐥𝐬, 𝐎𝐭𝐡𝐞𝐫𝐬), 𝐛𝐲 𝐓𝐲𝐩𝐞 (𝐊𝐧𝐞𝐞, 𝐇𝐢𝐩, 𝐖𝐫𝐢𝐬𝐭, 𝐚𝐧𝐝 𝐒𝐡𝐨𝐮𝐥𝐝𝐞𝐫, 𝐃𝐞𝐧𝐭𝐚𝐥, 𝐒𝐩𝐢𝐧𝐞, 𝐀𝐧𝐤𝐥𝐞, 𝐎𝐭𝐡𝐞𝐫𝐬): 𝐆𝐥𝐨𝐛𝐚𝐥 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐚𝐧𝐝 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭, 𝟐𝟎𝟐𝟐-𝟐𝟎𝟑𝟐." According to the report, the global Orthopedic Implants Market Size was Valued at USD 47.19 billion in 2022 and is Projected to Garner USD 73.32 billion by 2032, registering a CAGR of 4.5% from 2023 to 2032.

The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.

𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐑𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐆𝐫𝐚𝐩𝐡𝐬 𝐚𝐧𝐝 𝐅𝐢𝐠𝐮𝐫𝐞𝐬 𝐇𝐞𝐫𝐞: https://www.alliedmarketresearch.com/request-sample/2175

𝐓𝐨𝐩 𝐎𝐫𝐭𝐡𝐨𝐩𝐞𝐝𝐢𝐜 𝐈𝐦𝐩𝐥𝐚𝐧𝐭𝐬 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬

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

𝐎𝐫𝐭𝐡𝐨𝐩𝐞𝐝𝐢𝐜 𝐈𝐦𝐩𝐥𝐚𝐧𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧

By product type, the reconstructive joint replacements segment held the major share in 2022, generating more than one-third of the global orthopedic implants market revenue, and is expected to rule the roost by 2032. Increase in the prevalence of osteoporosis and osteoarthritis and rise in investment by the key players in the R&D of orthopedic implants drive the growth of the segment. The ortho-biologics segment, on the other hand, would showcase the fastest CAGR of 6.0% from 2023 to 2032. Rise in demand for advanced therapies and minimally invasive procedures and surge in patient awareness toward the use of orthobiologics fuel the segment growth.

By biomaterial, the metallic biomaterials segment contributed to the highest share in 2022, holding nearly two-thirds of the global orthopedic implants market revenue, due to the cost-effectiveness of these materials. The others segment, however, would showcase the fastest CAGR of 5.5% throughout the forecast period. This is owing to the growing demand for these materials due to several advantages over synthetic biomaterials.

By type, the knee segment accounted for around one-fourth of the global orthopedic implants market share in 2022, and is expected to retain its dominance by 2032. Surge in demand for knee implants due to increase in the prevalence of orthopedic diseases and rise in road accidents, sports injuries, and others propel the segment growth. The spine segment, simultaneously, would portray the fastest CAGR of 6.0% during the forecast period. This is attributed to the increase in the geriatric population and the rise in the incidence of spinal disorders.

By region, North America held the highest share in 2022, generating nearly half of the global orthopedic implants market revenue. Increase in the prevalence of orthopedic disorders, rise in the geriatric population, high healthcare expenditure, and the presence of major key players offering advanced orthopedic implants across the region drive the market growth. Asia-Pacific, at the same time, would display the fastest CAGR of 6.4% from 2023 to 2032. This is due to rise in R&D activities, increase in the prevalence of arthritis & sport-related injuries, unmet medical demands, and surge in investments in the healthcare sector in the region.

𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.alliedmarketresearch.com/purchase-enquiry/2175

Our Market Research Solution Provides You Answer to Below Mentioned Question:

• Which are the driving factors responsible for the growth of market?
• Which are the roadblock factors of this market?
• What are the new opportunities, by which market will grow in coming years?
• What are the trends of this market?
• Which are main factors responsible for new product launch?
• How big is the global & regional market in terms of revenue, sales and production?
• How far will the market grow in forecast period in terms of revenue, sales and production?
• Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
• How will each segment grow over the forecast period and how much revenue will these segments account for in 2030?
• Which region has more opportunities?

By Region Outlook

• North America
(U.S., Canada, Mexico)
• Europe
(Germany, France, UK, Italy, Spain, Rest of Europe)
• Asia-Pacific
(Japan, China, India, Rest of Asia-Pacific)
• LAMEA
(Brazil, Saudi Arabia, South Africa, Rest of LAMEA)

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David Correa
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help@alliedmarketresearch.com

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

This release was published on openPR.