1. What is the projected Compound Annual Growth Rate (CAGR) of the Orthopedic Implants Market?
The projected CAGR is approximately 5.3 %%.
Orthopedic Implants Market by Product (Joint Reconstruction (Knee, Hip, Extremities), by End-user (Hospitals & Ambulatory Surgery Centers, Orthopedic Clinics & Others), by By Geography (North America) Forecast 2025-2033
The Orthopedic Implants Market size was valued at USD 45.19 USD billion in 2023 and is projected to reach USD 64.87 USD billion by 2032, exhibiting a CAGR of 5.3 % during the forecast period. Orthopedics refers to the branch of medicine that treats bones and joints. Implants are medical devices designed to replace or be supportive to damaged or diseased bones and joints in the human body. These prostheses are mostly made of medical grade steel, titanium, or cobalt-chromium alloys to exhibit characteristics like being durable and having an affinity with the organism. For instance, the orthopedic implants come in different sizes: screws, plates, nails, and prosthetic joints. Besides that, orthopedic implants help keep fractures, arthritis, and joint replacement. This material is equipped with unique features such as a porous structure to that reinforces osseointegration, a coating in which antibiotics are included to avoid infections, and degradable materials for provisional fixation to be used as a temporary support. Thus, from trauma surgery and orthopedic reconstruction to improving the ability of quality of life of patients across the globe, the applications of orthopedic implants will be able to serve a wide range of individuals.
The comprehensive report provides an in-depth analysis of the global orthopedic implants market, encompassing the following aspects:
The pricing analysis covers:
The import and export analysis provides insights into:
Product:
End-user:
The patent/trademark analysis reveals:
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 5.3 %% from 2019-2033 |
Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 5.3 %%.
Key companies in the market include Zimmer Biomet (U.S.), Johnson & Johnson Services, Inc. (U.S.), Smith+Nephew (U.K.), Stryker (U.S.), Agilent Technologies, Inc. (U.S.), CONMED Corporation (U.S.), Medtronic (Ireland), DJO LLC. (U.S.), Exactech, Inc. (U.S.), Corin Group (U.K.), Conformis (U.S.), United Orthopedic Corporation (U.S.), Medacta International (Switzerland), Globus Medical (U.S.), B. Braun SE (Germany).
The market segments include Product, End-user.
The market size is estimated to be USD 45.19 USD billion USD Billion as of 2022.
Increasing Geriatric Population and Prevalence of Orthopedic Diseases to Augment Market Growth.
Innovation in Orthopedic Implants to Support the Growth of the Market.
High Cost of Orthopedic Implants along with Side Effects Associated with these Devices to Hamper Market Growth.
September 2023 – Enovis completed the acquisition of LimaCorporate S.p.A, a privately held global orthopedic leader focused on restoring motion through an innovative portfolio of implant solutions.
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The market size is provided in terms of value, measured in USD Billion and volume, measured in K Units.
Yes, the market keyword associated with the report is "Orthopedic Implants Market," which aids in identifying and referencing the specific market segment covered.
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