U.S. Orthopedic Implants MarketU.S. Orthopedic Implants Market Unlocking Growth Potential: Analysis and Forecasts 2024-2032
U.S. Orthopedic Implants Market by Product (Joint Reconstruction {Knee, Hip, Extremities}, Spinal Implants {Spinal Fusion Devices, Spinal Non-fusion Devices}, Trauma Implants, Others), by End-user (Hospitals & Ambulatory Surgery Centers, Orthopedic Clinics & Others), by Forecast 2024-2032
Base Year: 2023
120 Pages
U.S. Orthopedic Implants Market Unlocking Growth Potential: Analysis and Forecasts 2024-2032
Key Insights
The U.S. Orthopedic Implants market size was valued at USD 37.2 Billion in 2022 and is projected to grow from USD 38.3 Billion in 2023 to USD 52.1 Billion by 2030, exhibiting a CAGR of 4.8% during the forecast period.Orthopedic implants are surgical devices fitted in the human body to provide structural and functional support to the human skeleton by replacing unhealthy bones and joints. These include metal prosthetic rods or pins constructed from metals like titanium, stainless steel, or ceramics that are used to help mend joints and bones during the healing process and for use in day-to-day movement. Various kinds of materials available include plates, screws, rods, and joint prostheses, all of which are used for different orthopedic requirements. Non-essential properties of orthopedic implants include biocompatibility, which, as the name suggests, means that they should not cause any immune responses in the body; and mechanical properties, which must be capable of bearing the necessary loads or stresses during physical exercises. The additions to these designs include the creation of roughened or porous surfaces that promote the integration and fixation of bones. Several factors contribute to the growth of Orthopedic implants in U.S. market, including the rising prevalence of musculoskeletal problems, advances in implant technology, and population, and an increase in the number of orthopedic procedures.
U.S. Orthopedic Implants Trends
- Growing geriatric population
- Rising prevalence of musculoskeletal disorders
- Technological advancements in orthopedic implants
- Increasing demand for minimally invasive surgeries
Driving Forces: What's Propelling the U.S. Orthopedic Implants Market
- Rising prevalence of chronic orthopedic conditions, such as osteoarthritis, rheumatoid arthritis, and osteoporosis
- Increased life expectancy and aging population, leading to a higher demand for joint replacements and other orthopedic procedures
- Advancements in orthopedic technology, including the development of novel materials and surgical techniques
- Growing healthcare expenditure, driven by factors such as increasing insurance coverage and government support
- Government initiatives and regulations aimed at improving patient outcomes and access to orthopedic care
Challenges and Restraints in U.S. Orthopedic Implants Market
- High cost of orthopedic implants
- Reimbursement challenges
- Concerns about infection and revision surgeries
Emerging Trends in U.S. Orthopedic Implants
- Development of personalized implants
- Adoption of digital technologies for improved patient outcomes
- Growth of the outpatient orthopedic surgery market
Growth Catalysts in U.S. Orthopedic Implants Industry
- Rising disposable income
- Increasing health insurance coverage
- Government initiatives to improve quality of healthcare
Market Segmentation: U.S. Orthopedic Implants Analysis
Product:
- Joint Reconstruction (Knee, Hip, and Extremities)
- Spinal Implants (Spinal Fusion Devices and Spinal Non-fusion Devices)
- Trauma Implants
- Others
End-user:
- Hospitals & Ambulatory Surgery Centers
- Orthopedic Clinics & Others
Leading Players in the U.S. Orthopedic Implants Market
- Zimmer Biomet (U.S.)
- Johnson & Johnson Medical Devices (U.S.)
- Smith+Nephew (U.K.)
- Stryker (U.S.)
- BioTek (U.S.)
- CONMED Corporation (U.S.)
- Medtronic (Ireland)
- Enovis (Formerly DJO Surgical) (U.S.)
- Exactech, Inc. (U.S.)
- Corin Group (U.K.)
- Conformis (U.S.)
- Globus Medical (U.S.)
Significant developments in U.S. Orthopedic Implants Sector
- November 2022 – Zimmer Biomet received 510(k) clearance from the U.S. Food and Drug Administration (FDA) for its Persona OsseoTi Keel Tibia.
- November 2022 – Exactech, Inc. received 510(k) clearance from the U.S. Food and Drug Administration (FDA) for TriVerse, a primary knee system.
- August 2021 – Enovis (Formerly DJO Surgical) announced the launch of EMPOWR Dual Mobility, at the 2021 American Academy of Orthopaedic Surgeons (AAOS) annual meeting.
Comprehensive Coverage U.S. Orthopedic Implants Market Report
- Market Overview: Provides an in-depth analysis of the market size, trends, and key growth drivers, along with regional insights.
- Market Dynamics: Explores the driving forces, restraints, opportunities, and challenges shaping the market.
- Market Segmentation: Segments the market based on factors such as product type, material, application, end-user, and geography.
- Competitive Landscape: Profiles leading orthopedic implant manufacturers, their market shares, product portfolios, and growth strategies.
- Industry Outlook: Forecasts future market growth and provides insights on emerging trends and potential opportunities for market players.
Regional Insight
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
DROCT
- Drivers
- Restraints
- Opportunities
- Challenges
- Threats
Pricing Analysis
- Pricing trends
- Competitive pricing
- Regional pricing variations
Import And Export Analysis
- Import and export trends
- Major import and export countries
- Trade balance analysis
Segmentation
- Product type
- End-user
- Geographic region
Patent/Trademark Analysis
- Patent landscape
- Trademark analysis
- IP protection strategies
U.S. Orthopedic Implants Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2018-2032 |
| Base Year | 2023 |
| Estimated Year | 2024 |
| Forecast Period | 2024-2032 |
| Historical Period | 2018-2023 |
| Growth Rate | CAGR of 4.8% from 2018-2032 |
| Segmentation |
|
Frequently Asked Questions
Table Of Content
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Introduction of Cost-effective Manufacturing Processes to Drive Market Growth
- 3.3. Market Restrains
- 3.3.1. High Chance of Implant Infection to Limit the Product Adoption and Market Growth
- 3.4. Market Trends
- 3.4.1. Increasing Number of Hospitals and ASCs Identified as Significant Market Trend
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. U.S. Orthopedic Implants Market Analysis, Insights and Forecast, 2018-2030
- 5.1. Market Analysis, Insights and Forecast - by Product
- 5.1.1. Joint Reconstruction {Knee
- 5.1.2. Hip
- 5.1.3. Extremities}
- 5.1.4. Spinal Implants {Spinal Fusion Devices
- 5.1.5. Spinal Non-fusion Devices}
- 5.1.6. Trauma Implants
- 5.1.7. Others
- 5.2. Market Analysis, Insights and Forecast - by End-user
- 5.2.1. Hospitals & Ambulatory Surgery Centers
- 5.2.2. Orthopedic Clinics & Others
- 5.3. Market Analysis, Insights and Forecast - by Region
- 5.3.1.
- 5.1. Market Analysis, Insights and Forecast - by Product
- 6. Northeast U.S. Orthopedic Implants Market Analysis, Insights and Forecast, 2018-2030
- 6.1. Market Analysis, Insights and Forecast - By Product
- 6.1.1 Joint Reconstruction {Knee
- 6.1.2 Hip
- 6.1.3 and Extremities}
- 6.1.4 Spinal Implants {Spinal Fusion Devices and Spinal Non-fusion Devices}
- 6.1.5 Trauma Implants
- 6.1.6 and Others
- 6.2. Market Analysis, Insights and Forecast - By End-user
- 6.2.1 Hospitals & Ambulatory Surgery Centers
- 6.2.2 and Orthopedic Clinics & Others
- 7. Southeast U.S. Orthopedic Implants Market Analysis, Insights and Forecast, 2018-2030
- 7.1. Market Analysis, Insights and Forecast - By Product
- 7.1.1 Joint Reconstruction {Knee
- 7.1.2 Hip
- 7.1.3 and Extremities}
- 7.1.4 Spinal Implants {Spinal Fusion Devices and Spinal Non-fusion Devices}
- 7.1.5 Trauma Implants
- 7.1.6 and Others
- 7.2. Market Analysis, Insights and Forecast - By End-user
- 7.2.1 Hospitals & Ambulatory Surgery Centers
- 7.2.2 and Orthopedic Clinics & Others
- 8. Midwest U.S. Orthopedic Implants Market Analysis, Insights and Forecast, 2018-2030
- 8.1. Market Analysis, Insights and Forecast - By Product
- 8.1.1 Joint Reconstruction {Knee
- 8.1.2 Hip
- 8.1.3 and Extremities}
- 8.1.4 Spinal Implants {Spinal Fusion Devices and Spinal Non-fusion Devices}
- 8.1.5 Trauma Implants
- 8.1.6 and Others
- 8.2. Market Analysis, Insights and Forecast - By End-user
- 8.2.1 Hospitals & Ambulatory Surgery Centers
- 8.2.2 and Orthopedic Clinics & Others
- 9. Southwest U.S. Orthopedic Implants Market Analysis, Insights and Forecast, 2018-2030
- 9.1. Market Analysis, Insights and Forecast - By Product
- 9.1.1 Joint Reconstruction {Knee
- 9.1.2 Hip
- 9.1.3 and Extremities}
- 9.1.4 Spinal Implants {Spinal Fusion Devices and Spinal Non-fusion Devices}
- 9.1.5 Trauma Implants
- 9.1.6 and Others
- 9.2. Market Analysis, Insights and Forecast - By End-user
- 9.2.1 Hospitals & Ambulatory Surgery Centers
- 9.2.2 and Orthopedic Clinics & Others
- 10. West U.S. Orthopedic Implants Market Analysis, Insights and Forecast, 2018-2030
- 10.1. Market Analysis, Insights and Forecast - By Product
- 10.1.1 Joint Reconstruction {Knee
- 10.1.2 Hip
- 10.1.3 and Extremities}
- 10.1.4 Spinal Implants {Spinal Fusion Devices and Spinal Non-fusion Devices}
- 10.1.5 Trauma Implants
- 10.1.6 and Others
- 10.2. Market Analysis, Insights and Forecast - By End-user
- 10.2.1 Hospitals & Ambulatory Surgery Centers
- 10.2.2 and Orthopedic Clinics & Others
- 11. Competitive Analysis
- 11.1. Market Share Analysis 2023
- 11.2. Company Profiles
- 11.2.1 Zimmer Biomet (U.S.)
- 11.2.1.1. Overview
- 11.2.1.2. Products
- 11.2.1.3. SWOT Analysis
- 11.2.1.4. Recent Developments
- 11.2.1.5. Financials (Based on Availability)
- 11.2.2 Johnson & Johnson Medical Devices (U.S.)
- 11.2.2.1. Overview
- 11.2.2.2. Products
- 11.2.2.3. SWOT Analysis
- 11.2.2.4. Recent Developments
- 11.2.2.5. Financials (Based on Availability)
- 11.2.3 Smith+Nephew (U.K.)
- 11.2.3.1. Overview
- 11.2.3.2. Products
- 11.2.3.3. SWOT Analysis
- 11.2.3.4. Recent Developments
- 11.2.3.5. Financials (Based on Availability)
- 11.2.4 Stryker (U.S.)
- 11.2.4.1. Overview
- 11.2.4.2. Products
- 11.2.4.3. SWOT Analysis
- 11.2.4.4. Recent Developments
- 11.2.4.5. Financials (Based on Availability)
- 11.2.5 BioTek (U.S.)
- 11.2.5.1. Overview
- 11.2.5.2. Products
- 11.2.5.3. SWOT Analysis
- 11.2.5.4. Recent Developments
- 11.2.5.5. Financials (Based on Availability)
- 11.2.6 CONMED Corporation (U.S.)
- 11.2.6.1. Overview
- 11.2.6.2. Products
- 11.2.6.3. SWOT Analysis
- 11.2.6.4. Recent Developments
- 11.2.6.5. Financials (Based on Availability)
- 11.2.7 Medtronic (Ireland)
- 11.2.7.1. Overview
- 11.2.7.2. Products
- 11.2.7.3. SWOT Analysis
- 11.2.7.4. Recent Developments
- 11.2.7.5. Financials (Based on Availability)
- 11.2.8 Enovis (Formerly DJO Surgical) (U.S.)
- 11.2.8.1. Overview
- 11.2.8.2. Products
- 11.2.8.3. SWOT Analysis
- 11.2.8.4. Recent Developments
- 11.2.8.5. Financials (Based on Availability)
- 11.2.9 Exactech Inc. (U.S.)
- 11.2.9.1. Overview
- 11.2.9.2. Products
- 11.2.9.3. SWOT Analysis
- 11.2.9.4. Recent Developments
- 11.2.9.5. Financials (Based on Availability)
- 11.2.10 Corin Group (U.K.)
- 11.2.10.1. Overview
- 11.2.10.2. Products
- 11.2.10.3. SWOT Analysis
- 11.2.10.4. Recent Developments
- 11.2.10.5. Financials (Based on Availability)
- 11.2.11 Conformis (U.S.)
- 11.2.11.1. Overview
- 11.2.11.2. Products
- 11.2.11.3. SWOT Analysis
- 11.2.11.4. Recent Developments
- 11.2.11.5. Financials (Based on Availability)
- 11.2.12 Globus Medical (U.S.)
- 11.2.12.1. Overview
- 11.2.12.2. Products
- 11.2.12.3. SWOT Analysis
- 11.2.12.4. Recent Developments
- 11.2.12.5. Financials (Based on Availability)
- 11.2.1 Zimmer Biomet (U.S.)
List of Figures
- Figure 1: U.S. Orthopedic Implants Market Revenue Breakdown (USD Billion, %) by Product 2023 & 2031
- Figure 2: U.S. Orthopedic Implants Market Value Share (%), by Product 2023 & 2031
- Figure 3: U.S. Orthopedic Implants Market Value Share (%), by End-user 2023 & 2031
- Figure 4: U.S. Orthopedic Implants Market Share (%) by Company 2023
List of Tables
- Table 1: U.S. Orthopedic Implants Market Revenue USD Billion Forecast, by Product 2018 & 2031
- Table 2: U.S. Orthopedic Implants Market Volume Units Forecast, by Product 2018 & 2031
- Table 3: U.S. Orthopedic Implants Market Revenue USD Billion Forecast, by End-user 2018 & 2031
- Table 4: U.S. Orthopedic Implants Market Volume Units Forecast, by End-user 2018 & 2031
- Table 5: U.S. Orthopedic Implants Market Revenue USD Billion Forecast, by Region 2018 & 2031
- Table 6: U.S. Orthopedic Implants Market Volume Units Forecast, by Region 2018 & 2031
- Table 7: U.S. Orthopedic Implants Market Revenue USD Billion Forecast, by Product 2018 & 2031
- Table 8: U.S. Orthopedic Implants Market Volume Units Forecast, by Product 2018 & 2031
- Table 9: U.S. Orthopedic Implants Market Revenue USD Billion Forecast, by End-user 2018 & 2031
- Table 10: U.S. Orthopedic Implants Market Volume Units Forecast, by End-user 2018 & 2031
- Table 11: U.S. Orthopedic Implants Market Revenue USD Billion Forecast, by Region 2018 & 2031
- Table 12: U.S. Orthopedic Implants Market Volume Units Forecast, by Region 2018 & 2031
- Table 13: U.S. Orthopedic Implants Market Revenue USD Billion Forecast, by Product 2018 & 2031
- Table 14: U.S. Orthopedic Implants Market Volume Units Forecast, by Product 2018 & 2031
- Table 15: U.S. Orthopedic Implants Market Revenue USD Billion Forecast, by End-user 2018 & 2031
- Table 16: U.S. Orthopedic Implants Market Volume Units Forecast, by End-user 2018 & 2031
- Table 17: U.S. Orthopedic Implants Market Revenue USD Billion Forecast, by Country 2018 & 2031
- Table 18: U.S. Orthopedic Implants Market Volume Units Forecast, by Country 2018 & 2031
- Table 19: Northeast U.S. Orthopedic Implants Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 20: Northeast U.S. Orthopedic Implants Market Volume (Units) Forecast, by Application 2018 & 2031
- Table 21: Southeast U.S. Orthopedic Implants Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 22: Southeast U.S. Orthopedic Implants Market Volume (Units) Forecast, by Application 2018 & 2031
- Table 23: Midwest U.S. Orthopedic Implants Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 24: Midwest U.S. Orthopedic Implants Market Volume (Units) Forecast, by Application 2018 & 2031
- Table 25: Southwest U.S. Orthopedic Implants Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 26: Southwest U.S. Orthopedic Implants Market Volume (Units) Forecast, by Application 2018 & 2031
- Table 27: West U.S. Orthopedic Implants Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 28: West U.S. Orthopedic Implants Market Volume (Units) Forecast, by Application 2018 & 2031
- Table 29: U.S. Orthopedic Implants Market Revenue USD Billion Forecast, by Product 2018 & 2031
- Table 30: U.S. Orthopedic Implants Market Volume Units Forecast, by Product 2018 & 2031
- Table 31: U.S. Orthopedic Implants Market Revenue USD Billion Forecast, by End-user 2018 & 2031
- Table 32: U.S. Orthopedic Implants Market Volume Units Forecast, by End-user 2018 & 2031
- Table 33: U.S. Orthopedic Implants Market Revenue USD Billion Forecast, by Country 2018 & 2031
- Table 34: U.S. Orthopedic Implants Market Volume Units Forecast, by Country 2018 & 2031
| Aspects | Details |
|---|---|
| Study Period | 2018-2032 |
| Base Year | 2023 |
| Estimated Year | 2024 |
| Forecast Period | 2024-2032 |
| Historical Period | 2018-2023 |
| Growth Rate | CAGR of 4.8% from 2018-2032 |
| Segmentation |
|
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