Orthopedic Implants Market Demand, Size, Share & Forecast 2032

Orthopedic Implants Market: Industry Perspective

The global orthopedic implants market size was worth around USD 45.67 billion in 2023 and is predicted to grow to around USD 71.94 billion by 2032 with a compound annual growth rate (CAGR) of roughly 5.30% between 2024 and 2032. The report offers an assessment and analysis of the Orthopedic Implants market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, sales estimates, opportunities, evolving trends, and industry-validated data.

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Orthopedic Implants Market Overview

Orthopedic implants are medical instruments that are utilized for replacing a damaged bone. Moreover, these medical devices are surgically inserted into the human body system to either treat or support a joint or damaged part of the bone. Furthermore, inflation in healthcare spending along with the rise in the number of product innovations is likely to increase the use of orthopedic implants over the forthcoming years.

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Orthopedic Implants Market: Growth Drivers

There is a prominent surge in the proportion of geriatric persons prone to osteoporosis-related fractures, thereby requiring surgeries with orthopedic implantations. This is expected to steer the market growth in the coming years. The rapid increase in orthopedic damages and musculoskeletal disorders will result in restraint mobility as well as tremendous pain in the patient. Hence, the need for raising the quality of life of patients along with reducing the incurrence of medical treatment costs for patients has generated a huge demand for orthopedic implants in recent years.

As per the NCBI report published in 2023, nearly 210 million persons are affected from osteoporosis each year and the number can surge in the coming years. This aspect is expected to steer the growth of the orthopedic implant industry in the foreseeable future. Furthermore, a large proportion of the aging population requires hip & knee replacements and this is going to result in humungous demand for orthopedic implants over the coming years.

Apart from this, an increase in obesity and sedentary life patterns will uplift the business growth over the forecast timespan. An increase in funding for research activities for developing minimally invasive orthopedic implants at affordable prices will provide impetus to industry growth within the next few years.

Orthopedic Implants Market: Report Scope

Orthopedic Implants Market: Regional Analysis

• North America To Account For Major Portion Of Overall Market Size By 2032

The growth of the orthopedic implants market in the North American sub-continent during the forecasting years is due to a rise in the number of aging populations that are affected due to osteoarthritis. Apart from this, a rise in the number of sports injuries is likely to generate large-scale product demand in the region over the next decade. This, in turn, will propel the growth of the regional market over the assessment period.

Orthopedic Implants Market: Competitive Analysis

The global orthopedic implants market is dominated by players like:

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

By Product Type

• Reconstructive Joint Replacements

  • Knee Replacement Implants
  • Hip Replacement Implants
  • Extremities
    • Upper Extremity
      • Shoulder
      • Elbow
      • Wrist
    • Lower Extremity
      • Upper
      • Lower
• Spinal Implants
  • Spinal Fusion Devices
    • Thoracolumbar Devices
    • Cervical Fixation Devices
    • Interbody Fusion Devices
  • Vertebral Compression Fracture (VCF) Devices
    • Balloon Kyphoplasty Devices
    • Vertebroplasty Devices
  • Motion Preservation Devices/Non-Fusion Devices
    • Dynamic Stabilization Devices
    • Artificial Disc Replacement Devices
    • Annulus Repair Devices
    • Nuclear Disc Prostheses
  • Invasive Spinal Bone Stimulators
• 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
  • Others
• Others

By Biomaterial

• Metallic Biomaterials
  • Stainless steel
  • Titanium Alloy
  • Cobalt Alloy
  • Others
• Polymeric Biomaterials
• Ceramic Biomaterials
• Others

By Type

• Knee
• Hip
• Wrist & Shoulder
• Dental
• Spine
• Ankle
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa