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Global Orthopaedic Implants Market Report and Forecast 2023-2031
Market Report I 2023-05-11 I 147 Pages I EMR Inc.
Global Orthopaedic Implants Market Report and Forecast 2023-2031
Global Orthopaedic Implants Market Outlook
The global orthopaedic implants market size attained a value of USD 61.5 billion in 2022, driven by the rising incidences of bone diseases and injuries. The market is expected to grow at a CAGR of 5% during the forecast period of 2023-2031 to attain a value of USD 95.4 billion by 2031.
Orthopaedic Implants: Introduction
Orthopaedic implants are medical devices designed to replace or support damaged or diseased bones and joints. They are commonly used in orthopaedic surgeries to restore function, relieve pain, and improve the quality of life for individuals with musculoskeletal conditions or injuries. Orthopaedic implants are typically made from biocompatible materials such as metal alloys, ceramics, or polymers.
The uses of orthopaedic implants include:
- Joint Replacement: Orthopaedic implants are frequently used in joint replacement surgeries, such as hip replacement, knee replacement, and shoulder replacement. These implants replace damaged or deteriorated joints affected by conditions such as osteoarthritis, rheumatoid arthritis, or traumatic injuries. Joint replacements can restore mobility, reduce pain, and improve joint function.
- Fracture Fixation: Orthopaedic implants are used in fracture fixation surgeries to stabilize broken bones and facilitate the healing process. Implants such as plates, screws, nails, and wires are used to hold fractured bones in place, allowing them to heal properly. These implants provide stability, promote bone alignment, and enable early mobilization.
- Spinal Surgery: Orthopaedic implants are utilized in spinal surgeries to address various conditions such as degenerative disc disease, spinal deformities (e.g., scoliosis), herniated discs, or spinal fractures. Implants such as spinal fusion devices, artificial discs, or spinal rods and screws help stabilize the spine, correct deformities, and relieve pressure on nerves, thereby reducing pain and improving spinal function.
- Trauma and Orthopaedic Reconstruction: Orthopaedic implants play a crucial role in the reconstruction of bone and soft tissue following traumatic injuries or complex orthopaedic surgeries. These implants aid in restoring skeletal stability, promoting bone healing, and providing structural support during the recovery process.
The benefits of orthopaedic implants include:
- Pain Relief: Orthopaedic implants help alleviate pain associated with musculoskeletal conditions or injuries. By replacing damaged joints or stabilizing fractures, implants can significantly reduce pain and improve the patient's overall quality of life.
- Improved Function and Mobility: Orthopaedic implants restore joint function, allowing individuals to regain mobility and perform daily activities more comfortably. Joint replacement implants, for example, can restore range of motion, joint stability, and weight-bearing capacity.
- Enhanced Quality of Life: Orthopaedic implants can significantly enhance the quality of life for individuals with severe joint damage, fractures, or spinal conditions. They can reduce disability, increase independence, and improve overall physical well-being.
- Longevity and Durability: Modern orthopaedic implants are designed to be durable and long-lasting, allowing patients to enjoy the benefits of improved function and pain relief for many years. The materials used in implants are selected for their strength, biocompatibility, and resistance to wear, ensuring longevity and reducing the need for additional surgeries or replacements.
- Customization and Innovation: Orthopaedic implants are continually advancing, with a wide range of options available to meet individual patient needs. Implants can be customized to fit specific anatomical requirements, and new technologies and designs are constantly being developed to enhance implant performance and patient outcomes.
It is important to note that the selection of orthopaedic implants and the decision to undergo orthopaedic surgery are made in consultation with a qualified orthopaedic surgeon. The surgeon considers factors such as the patient's medical condition, lifestyle, and individual needs to determine the most appropriate implant and treatment plan.
Orthopaedic Implants Market Segmentations
The market can be categorised into product type, biomaterial, procedure, application, end user, and region.
Market Breakup by Product Type
- Reconstructive Joint Replacements
- Spinal Implants
- Dental Implants
- Orthobiologics
- Trauma
- Craniomaxillofacial Implants
- Others
Market Breakup by Biomaterial
- Ceramics Biomaterials
- Metallic Biomaterials
- Polymeric Biomaterials
Market Breakup by Procedure
- Open Surgery
- Minimally Invasive Surgery (MIS)
- Device Type
- Internal Fixation Devices
- External Fixation Devices
- Others
Market Breakup by Application
- Neck Fracture
- Spine Fracture
- Hip Replacement
- Shoulder Replacement
- Others
Market Breakup by End User
- Hospitals
- Orthopaedic Clinics
- Home Cares
- Others
Orthopaedic Implants Market Breakup by Region
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Italy
- Others
- Asia Pacific
- China
- Japan
- India
- ASEAN
- Australia
- Others
- Latin America
- Brazil
- Argentina
- Mexico
- Others
- Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Nigeria
- South Africa
- Others
Orthopaedic Implants Market Scenario
The orthopaedic implants market has witnessed substantial growth and is expected to continue expanding in the coming years. Several factors contribute to the positive market scenario.
One of the primary drivers of market growth is the increasing prevalence of musculoskeletal disorders and the rising demand for orthopaedic surgeries. Factors such as an aging population, sedentary lifestyles, and the growing incidence of chronic conditions like osteoarthritis and osteoporosis contribute to the need for orthopaedic interventions. Orthopaedic implants play a vital role in restoring function, relieving pain, and improving the quality of life for individuals with musculoskeletal conditions.
Moreover, advancements in implant materials and designs have significantly impacted the orthopaedic implants market. Manufacturers are continually investing in research and development to introduce innovative implants with improved biocompatibility, durability, and functionality. Advanced materials, such as titanium alloys and biodegradable polymers, provide enhanced strength and reduce the risk of complications, contributing to better patient outcomes.
Furthermore, the growing preference for minimally invasive surgical procedures has boosted the demand for orthopaedic implants. Minimally invasive techniques offer several advantages, including smaller incisions, reduced scarring, shorter hospital stays, and faster recovery times. The use of orthopaedic implants in these procedures enables precise and effective interventions while minimizing tissue damage.
Additionally, the increasing awareness and acceptance of joint replacement surgeries, such as hip and knee replacements, have contributed to market growth. These procedures provide long-term relief from pain and disability, allowing individuals to regain mobility and improve their overall quality of life. The rising number of orthopaedic clinics and specialized surgical centres has improved access to these surgeries and fuelled the demand for orthopaedic implants.
However, challenges such as the high cost of implants, reimbursement limitations, and the risk of post-surgical complications exist within the market. Additionally, regulatory requirements and the need for stringent quality control measures pose barriers to entry for new market players.
Overall, the orthopaedic implants market is poised for significant growth due to the increasing prevalence of musculoskeletal disorders, technological advancements, the shift towards minimally invasive procedures, and the growing acceptance of joint replacement surgeries. As the market continues to evolve, there will be a continued focus on improving implant quality, expanding the range of available implant options, and addressing cost-effectiveness to meet the evolving needs of patients and healthcare systems.
Key Players in the Global Orthopaedic Implants Market
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the orthopaedic implants market are as follows:
- CONMED Corporation
- Wright Medical Group N.V.
- Stryker
- Medtronics
- Smith+Nephew
- Integra LifeSciences
- B. Braun Melsungen AG
- Arthrex
- Baxter
- NuVasive, Inc.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Orthopaedic Implants Market Analysis
8.1 Key Industry Highlights
8.2 Global Orthopaedic Implants Historical Market (2018-2022)
8.3 Global Orthopaedic Implants Market Forecast (2023-2028)
8.4 Global Orthopaedic Implants Market by Product
8.4.1 Plates and Screws
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Nails and Rods
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Pins and Wires
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Others
8.5 Global Orthopaedic Implants Market by Application
8.5.1 Reconstructive Joint Replacements
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.1.4 Breakup by Type
8.5.1.4.1 Hip Replacement
8.5.1.4.1.1 Market Share
8.5.1.4.1.2 Historical Trend (2018-2022)
8.5.1.4.1.3 Forecast Trend (2023-2028)
8.5.1.4.2 Knee Replacement
8.5.1.4.2.1 Market Share
8.5.1.4.2.2 Historical Trend (2018-2022)
8.5.1.4.2.3 Forecast Trend (2023-2028)
8.5.1.4.3 Shoulder Replacement
8.5.1.4.3.1 Market Share
8.5.1.4.3.2 Historical Trend (2018-2022)
8.5.1.4.3.3 Forecast Trend (2023-2028)
8.5.2 Spine Implants
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Craniomaxillofacial Implants
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Dental Implants
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Trauma Implants
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
8.5.6 Orthobiologics
8.5.6.1 Market Share
8.5.6.2 Historical Trend (2018-2022)
8.5.6.3 Forecast Trend (2023-2028)
8.5.7 Others
8.6 Global Orthopaedic Implants Market by End Use
8.6.1 Hospitals
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Orthopaedic Clinics
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Ambulatory Surgical Centres
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Others
8.7 Global Orthopaedic Implants Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
9 North America Orthopaedic Implants Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Orthopaedic Implants Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Orthopaedic Implants Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Orthopaedic Implants Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Orthopaedic Implants Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Arthrex, Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Johnson & Johnson Services, Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 CONMED Corporation
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Zimmer Biomet Holdings, Inc.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Medtronic plc
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Stryker Corporation
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Smith & Nephew plc
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Others
17 Key Trends and Developments in the Market
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