Dublin, March 30, 2023 (GLOBE NEWSWIRE) -- The "Orthopedic Implants Market By Product Type, By Biomaterial, By Type: Global Opportunity Analysis and Industry Forecast, 2022-2032" report has been added to ResearchAndMarkets.com's offering.
The global orthopedic implants market was valued at $47,190.57 million in 2022 and is estimated to reach $73,326.75 million by 2032, exhibiting a CAGR of 4.5% from 2023 to 2032.
The major factors driving the growth of the orthopedic implants market are increase in incidences of osteoarthritis and other degenerative diseases, technological advancements that allow more effective and long-lasting implants and rise in geriatric population. In addition, a rise in the number of sports-related injuries is also expected to drive the growth of the market.
For instance, according to report published by the National Safety Council of the U.S. 2022 stated that in 2021, 20% rise in sports and recreational injuries was observed as compared to 2020, thus a rise in number of sport related injuries is expected to drive the growth of the market. Further, geriatric population is prone to develop and diagnose orthopedic diseases such as arthritis, dislocation of bones and fractures, thus rise in geriatric population is anticipated to drive the growth of the market.
For instance, according to an article published by American Geriatric Society 2021 stated that 60 million people in the U.S. are aged 65 years or above and 80% of these population suffer from musculoskeletal conditions, thus rise in geriatric population drives the growth of orthopedic implant market. In addition, the rise in technological innovations in orthopedic implants, rise in adoption of orthopedic implants and improvement of healthcare infrastructure in the emerging countries, further supplement the growth of orthopedic implant market.
However, the high cost associated with procedures involving orthopedic implants treatment is the factor which hampers the growth of orthopedic implants market. In addition, stringent government policies regarding implants and their procedures are also expected to restrain the growth of the market. Furthermore, the rise in demand for orthopedic implants and rise in technological advancements are the factors which offer lucrative opportunities to the key players of orthopedic implants market. The global orthopedic implants market is segmented into product, type, biomaterial, and region. On the basis of product, the market is categorized into reconstructive joint replacements, spinal implants, dental implants, trauma, orthobiologics, and others. The reconstructive joint replacements segment is segmented into knee replacement implants, hip replacement implants, and extremities that include upper extremity reconstruction and lower extremity reconstruction.
In addition, spinal implants segment is further divided into spinal fusion implants, vertebral compression fracture (VCF) devices, and motion preservation devices/non-fusion devices. Furthermore, dental implants are again classified into root form dental implants and plate form dental implants. Moreover, orthobiologics is further segmented into demineralized bone matrix (DBM), allograft, bone morphogenetic protein (BMP), viscosupplementation products, synthetic bone substitutes, and others.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the orthopedic implants market analysis from 2022 to 2032 to identify the prevailing orthopedic implants market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the orthopedic implants market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global orthopedic implants market trends, key players, market segments, application areas, and market growth Strategies.
Key Market Segments
By Product Type
- Reconstructive Joint Replacements
- Knee Replacement Implants
- Hip Replacement Implants
- Extremities
- Spinal Implants
- Spinal fusion implants
- Invasive Spinal bone stimulators
- Vertebral Compression Fracture (VCF) Devices
- Motion Preservation Devices/Non-Fusion Devices
- Dental Implants
- Root Form Dental Implants
- Plate Form Dental Implants
- Trauma
- Orthobiologics
- Demineralized Bone Matrix (DBM)
- Allograft
- Bone Morphogenetic Protein (BMP)
- Viscosupplementation Products
- Synthetic Bone Substitutes
By Biomaterial
- Metallic Biomaterials
- Stainless steel
- Titanium Alloy
- Cobalt Alloy
- Ceramic Biomaterials
- Polymeric Biomaterials
By Type
- Wrist and Shoulder
- Dental
- Spine
- Ankle
- Knee
- Hip
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- Australia
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Zimmer Biomet Holdings Inc.
- Arthrex, Inc.
- Globus Medical, Inc.
- Medtronic plc
- Smith & Nephew plc
- NuVasive Inc.
- CONMED Corporation
- Johnson & Johnson
- Stryker Corporation
- Colfax Corporation (DJO GLOBAL LLC)
Key Market Insights
- Based on product, the reconstructive joint replacements held the largest share in the global market in 2022.
- Based on type, the knee segment held the largest market share in 2022 and is expected to remain dominant during the forecast period.
- By biomaterial, the metallic biomaterial dominated the global market in 2022 and is anticipated to continue this trend during the forecast period.
- By region, North America generated the highest revenue in 2022. However, Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.
Key Topics Covered:
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: ORTHOPEDIC IMPLANTS MARKET, BY PRODUCT TYPE
CHAPTER 5: ORTHOPEDIC IMPLANTS MARKET, BY BIOMATERIAL
CHAPTER 6: ORTHOPEDIC IMPLANTS MARKET, BY TYPE
CHAPTER 7: ORTHOPEDIC IMPLANTS MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
Companies Mentioned
- Zimmer Biomet Holdings Inc.
- Arthrex, Inc.
- Globus Medical, Inc.
- Medtronic plc
- Smith & Nephew plc
- NuVasive Inc.
- CONMED Corporation
- Johnson & Johnson
- Stryker Corporation
- Colfax Corporation (DJO GLOBAL LLC)
For more information about this report visit https://www.researchandmarkets.com/r/jb1rad
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