Press release
Orthopedic Implants Market Sets New Record, Projected at USD 73.32 billion by 2032 | CAGR of 4.5%
Allied Market Research published a report, titled," ๐๐ซ๐ญ๐ก๐จ๐ฉ๐๐๐ข๐ ๐๐ฆ๐ฉ๐ฅ๐๐ง๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ฒ ๐๐ซ๐จ๐๐ฎ๐๐ญ ๐๐ฒ๐ฉ๐ (๐๐๐๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐๐ญ๐ข๐ฏ๐ ๐๐จ๐ข๐ง๐ญ ๐๐๐ฉ๐ฅ๐๐๐๐ฆ๐๐ง๐ญ๐ฌ, ๐๐ฉ๐ข๐ง๐๐ฅ ๐๐ฆ๐ฉ๐ฅ๐๐ง๐ญ๐ฌ, ๐๐๐ง๐ญ๐๐ฅ ๐๐ฆ๐ฉ๐ฅ๐๐ง๐ญ๐ฌ, ๐๐ซ๐๐ฎ๐ฆ๐, ๐๐ซ๐ญ๐ก๐จ๐๐ข๐จ๐ฅ๐จ๐ ๐ข๐๐ฌ, ๐๐ญ๐ก๐๐ซ๐ฌ), ๐๐ฒ ๐๐ข๐จ๐ฆ๐๐ญ๐๐ซ๐ข๐๐ฅ (๐๐๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ข๐จ๐ฆ๐๐ญ๐๐ซ๐ข๐๐ฅ๐ฌ, ๐๐๐ซ๐๐ฆ๐ข๐ ๐๐ข๐จ๐ฆ๐๐ญ๐๐ซ๐ข๐๐ฅ๐ฌ, ๐๐จ๐ฅ๐ฒ๐ฆ๐๐ซ๐ข๐ ๐๐ข๐จ๐ฆ๐๐ญ๐๐ซ๐ข๐๐ฅ๐ฌ, ๐๐ญ๐ก๐๐ซ๐ฌ), ๐๐ฒ ๐๐ฒ๐ฉ๐ (๐๐ง๐๐, ๐๐ข๐ฉ, ๐๐ซ๐ข๐ฌ๐ญ, ๐๐ง๐ ๐๐ก๐จ๐ฎ๐ฅ๐๐๐ซ, ๐๐๐ง๐ญ๐๐ฅ, ๐๐ฉ๐ข๐ง๐, ๐๐ง๐ค๐ฅ๐, ๐๐ญ๐ก๐๐ซ๐ฌ): ๐๐ฅ๐จ๐๐๐ฅ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐๐ง๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ ๐จ๐ซ๐๐๐๐ฌ๐ญ, ๐๐๐๐-๐๐๐๐." 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.Allied Market Research has published a study report with the title 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.
๐๐ก๐๐ญ ๐๐ซ๐ ๐ญ๐ก๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐๐จ๐ซ ๐๐ซ๐ญ๐ก๐จ๐ฉ๐๐๐ข๐ ๐๐ฆ๐ฉ๐ฅ๐๐ง๐ญ๐ฌ?
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.
๐๐๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐ฐ๐ข๐ญ๐ก ๐๐ซ๐๐ฉ๐ก๐ฌ ๐๐ง๐ ๐ ๐ข๐ ๐ฎ๐ซ๐๐ฌ ๐๐๐ซ๐: https://www.alliedmarketresearch.com/request-sample/2175
๐๐จ๐ฉ ๐๐ซ๐ญ๐ก๐จ๐ฉ๐๐๐ข๐ ๐๐ฆ๐ฉ๐ฅ๐๐ง๐ญ๐ฌ ๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ
โข Johnson & Johnson (DePuy Synthes)
โข Stryker Corporation
โข Zimmer Biomet Holdings, Inc.
โข NuVasive, Inc.
โข Medtronic Plc
โข CONMED Corporation
โข Smith and Nephew Plc.
โข DJO Finance LLC
โข Arthrex, Inc.
โข Globus Medical Inc.
๐๐ซ๐ญ๐ก๐จ๐ฉ๐๐๐ข๐ ๐๐ฆ๐ฉ๐ฅ๐๐ง๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
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.
๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.alliedmarketresearch.com/purchase-enquiry/2175
Our Market Research Solution Provides You Answer to Below Mentioned Question:
โข Which are the driving factors responsible for the growth of market?
โข Which are the roadblock factors of this market?
โข What are the new opportunities, by which market will grow in coming years?
โข What are the trends of this market?
โข Which are main factors responsible for new product launch?
โข How big is the global & regional market in terms of revenue, sales and production?
โข How far will the market grow in forecast period in terms of revenue, sales and production?
โข Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
โข How will each segment grow over the forecast period and how much revenue will these segments account for in 2030?
โข Which region has more opportunities?
By Region Outlook
โข North America
(U.S., Canada, Mexico)
โข Europe
(Germany, France, UK, Italy, Spain, Rest of Europe)
โข Asia-Pacific
(Japan, China, India, Rest of Asia-Pacific)
โข LAMEA
(Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
Contact Details:
David Correa
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022
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.
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