Orthopedic Implants Market Set for Growth Driven by Aging Population and Technological Advancements

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. The global orthopedic implants market is witnessing significant growth due to the rising number of people affected by orthopedic disorders, advancements in implant technologies, and increasing demand for joint replacement procedures.

According to the World Health Organization (WHO), about 1.71 billion people globally are living with musculoskeletal conditions. These conditions, especially low back pain, are the leading cause of disability in over 160 countries. The rising aging population is a key factor contributing to the growing need for orthopedic care, as older adults are more likely to experience bone and joint issues.

See how the research methodology work for the report | request sample report@https://www.emergenresearch.com/request-sample/2479

Orthopedic implants, made mainly from metal alloys like stainless steel and titanium, are used to replace or support damaged bones. Recent innovations are helping meet the increasing demand. One such advancement is 3D printing, which allows for the creation of customized implants and surgical tools tailored to individual patients. This leads to better surgical outcomes, faster recovery, and improved patient satisfaction.

In addition, the development of smart bone implants is emerging as a major trend. These implants can monitor healing, communicate with clinicians, and even power themselves. While challenges such as cost and reliability remain, these implants have the potential to significantly improve long-term results and reduce the need for repeat surgeries.

Despite the promising outlook, the high cost of orthopedic implants poses a challenge. Factors such as confidentiality agreements between hospitals and manufacturers, limited surgeon awareness about pricing, and the introduction of costly new technologies contribute to the overall expense. Increasing transparency, educating healthcare providers, and adopting evidence-based choices may help lower these costs in the future.

Segment Insights

By product type, the orthobiologics segment is expected to lead the market. These materials help in faster tissue healing and are less invasive than traditional procedures. As research progresses, their role in treating complex bone conditions is expected to grow further.

Reconstructive joint replacements, particularly hip and knee surgeries, are also showing steady growth due to the rise in joint-related issues among the elderly. These procedures greatly improve mobility and quality of life for patients, which is boosting their popularity.

From a materials perspective, metallic biomaterials currently hold the largest share of the market due to their strength, safety, and long-lasting performance. However, ceramic biomaterials are gaining traction for their resistance to wear and ability to bond directly with bone, making them ideal for certain types of implants.

When segmented by implant type, spine implants accounted for the highest revenue in 2022. These are used to stabilize and support the spine in conditions like fractures, scoliosis, or degenerative diseases. The knee implant segment is also growing quickly, driven by better designs, enhanced materials, and more effective surgical techniques.

For more details of the Orthopedic Implants Market Report, visit @ https://www.emergenresearch.com/industry-report/orthopedic-implants-market

Orthopedic Implants Market Top Companies and Competitive Landscape

The global orthopedic implants market is moderately fragmented, with many large and medium-sized players accounting for majority of market revenue. Major businesses are using a variety of tactics, making mergers and acquisitions, strategic agreements, and contracts, as well as creating, experimenting with, and introducing more efficient orthopedic implants solutions.

Some major players included in the global orthopedic implants market report are:

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

Colfax Corporation (DJO GLOBAL LLC)

Orthopedic Implants Market Latest Industry Updates

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.

Orthopedic Implants Market Segmentation 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 Analysis Covers:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Coverage of the Orthopedic Implants Market:

Insightful information regarding the global Orthopedic Implants market

Identification of growth in various segments and sub-segments of the Orthopedic Implants market

Strategic recommendations for investment opportunities

The report covers significant statistics related to the industry along with products, applications, price analysis, demand & supply, and production and consumptions rate

Emerging trends and current market segment analysis to help investors formulate new business strategies

Accelerates the decision-making process through the availability of the drivers and limitations

Quick Buy - Orthopedic Implants Market Research Report@ https://www.emergenresearch.com/select-license/2479

Thank you for reading our report. For further details or to inquire about customization, please get in touch with us. We assure you that your report will be designed as per your requirements.

Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Visit for More Insights: https://www.emergenresearch.com/insights

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.

This release was published on openPR.