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Orthopedic Implants Market Size to Boost USD 64.72 Billion By 2032 | CAGR 6.3% - Published by Emergen Research

04-30-2024 06:23 AM CET | Health & Medicine

Press release from: Emergen Research

Orthopedic Implants Market

Orthopedic Implants Market

The global Orthopedic Implants Market size was USD 35.30 Billion in 2022 and is expected to register a rapid revenue CAGR of 6.3% during the forecast period. Increasing prevalence of orthopedic disorders, technological advancements in the field of orthopedic implants, and rising demand for orthopedic implants are key factors driving market revenue growth.

The orthopedic implants market is a crucial segment within the medical devices industry, primarily focusing on implants designed to restore or improve the function of musculoskeletal system. It encompasses a wide range of devices such as joint implants, trauma implants, spinal implants, and orthobiologics. With an aging population worldwide and a rise in musculoskeletal disorders, the demand for orthopedic implants is steadily increasing.

 The report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.

Request Free Sample Copy (To Understand the Complete Structure of this Report [Summary + TOC]) @ https://www.emergenresearch.com/request-sample/2479

Drivers of the Orthopedic Implants Market :

Several factors are driving the growth of the orthopedic implants market. Firstly, the aging population is more prone to orthopedic conditions such as osteoarthritis and fractures, necessitating the need for implants. Secondly, advancements in technology have led to the development of innovative implant materials and techniques, improving patient outcomes and reducing recovery times. Additionally, increasing healthcare expenditure and rising awareness about the benefits of orthopedic implants are contributing to market growth.

Growth Opportunities and Market Trends

Despite the challenges, several factors are expected to fuel the growth of the orthopedic implants market in the coming years. Technological advancements such as 3D printing and robotics are revolutionizing the design and manufacturing of implants, leading to more personalized and precise solutions. Moreover, increasing adoption of minimally invasive surgeries is driving demand for orthopedic implants, as they offer quicker recovery times and less tissue damage. Additionally, the growing prevalence of obesity and sports injuries is expected to boost the demand for orthopedic implants in the future.

 Emergen Research is Offering Limited Time Discount (Grab a Copy at Discounted Price Now) @ https://www.emergenresearch.com/request-discount/2479

The report also discusses the key players involved in the market such as:

Stryker, DePuy Synthes, Zimmer Biomet, Smith & Nephew, Orthopedic Implant Company, DJO Global, Arthrex, Inc., NuVasive, Inc., Evonic, Globus Medical, Health Canada, Kyocera Medical Technologies, Inc., Teijin Nakashima Medical Co., Ltd, HMC Orthcare Pvt. Ltd., Stryker Corporation, Smith & Nephew plc, Medtronic plc, Johnson & Johnson, CONMED Corporation, and Colfax Corporation (DJO GLOBAL LLC)

The report provides a thorough estimation of the overall impact of the pandemic on the Orthopedic Implants Market and its vital segments. The report also discusses the impact of the pandemic across different regions of the market. It also offers a current and future assessment of the impact of the pandemic on the Orthopedic Implants Market

Orthopedic Implants Latest Industry News

On 11 November 2022, General Electric (GE) Additive and Orchid Orthopedic Solutions collaborated to advance Additive Manufacturing (AM) in the orthopedic implant sector. Orchid invested in GE Additive's Electron Beam Melting (EBM) technology, with the first machines installed in 2022. Orchid plans to use the technology to manufacture large orthopedic implants, including knee components and acetabular cups. EBM enables the mass production of parts by stacking them closely without compromising quality, resulting in consistent material properties for thin and bulky geometries. The collaboration aims to raise awareness of EBM technology for 3D metal-printed orthopedic implants.

On 11 October 2022, Orthofix and SeaSpine merged in an all-stock deal to form a prominent global spine and orthopedics company. With products available in 68 countries and revenues of approximately USD 693 million, this merger combines complementary portfolios of biologics, orthopedic solutions, and surgical navigation systems. The company will offer a wide range of biologics and regenerative technologies, serving both the spine and orthopedics fields. In addition, the companies expect substantial cost savings, meaningful cross-selling opportunities, and an enhanced ability to reach larger distribution partners.

Direct Order Can Be Placed Through This Link [Exclusive Copy] @  https://www.emergenresearch.com/select-license/2479

Orthopedic Implants Market Segment Analysis :

For the purpose of this report, Emergen Research has segmented the global orthopedic implants market on the basis of type, application, deployment, enterprise size, component, vertical and region:

Product Outlook (Revenue, USD Billion; 2019-2032)
Reconstructive Joint Replacements
Spinal Implants
Dental Implants
Trauma
Orthobiologics
Others
Biomaterial Outlook (Revenue, USD Billion; 2019-2032)
Metallic Biomaterials
Ceramic Biomaterials
Polymeric Biomaterials
Type Outlook (Revenue, USD Billion; 2019-2032)
Knee
Hip
Wrist and Shoulder
Dental
Spine
Ankle
End-use Outlook (Revenue, USD Billion; 2019-2032)
Hospitals
Homecare
Outpatient Facilities
Research and Manufacturing
Regional Outlook (Revenue, USD Billion; 2019-2032)
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Benelux
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of Middle East & Africa

Browse Full Report Description + Research Methodology + Table of Content + Infographics @ https://www.emergenresearch.com/industry-report/orthopedic-implants-market

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About Us:
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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