The global orthopaedic implants market attained a value of about USD 55.8 billion in 2020. The market is being driven by the growing geriatric population, who are at a heightened risk of osteoporosis, osteoarthritis, along with technological innovations in orthopaedic implants and musculoskeletal disorders. The market is further expected to grow at a CAGR of 5% in the forecast period of 2023-2028 to attain a value of approximately USD 75 billion by 2026.
The Asia Pacific is a significant market for orthopaedic implants. The regional market is being driven by the lucrative growth opportunities provided by the healthy expansion of the medical and pharmaceutical industries in the region. Further, factors, such as the rising demand for advanced implants, the growing awareness regarding the product, and the increasing demand for minimally invasive procedures, are also supporting the industry in the Asia Pacific region. Although, the regional market may find obstruction in the form of no coverage for the overall expenses of the orthopaedic implants surgery by insurance companies, drivers, such as the increase in the purchasing power, developing healthcare infrastructure, and rising population of geriatric patients, are expected to enhance the market growth in the forecast period.
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An orthopaedic implant is a medical device that replaces a missing joint or bone or supports a damaged bone. The medical implant is mainly made using stainless steel and titanium alloys that provides strength and support, and the plastic coating on it acts as an artificial cartilage.
On the basis of the product, the market is segmented into:
Based on application, the industry is categorised into:
By end-uses, the market is divided into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The orthopaedic implants market is being driven by the high incidence rate of osteoporosis, osteoarthritis, and obesity, along with a rapidly ageing global population. Due to lifestyle-related factors such as lack of exercise, middle-aged patients are increasingly opting for orthopaedic implants. The increase in the mean-age over the next few years is expected to boost the orthopaedic implants industry growth.
Owing to the higher proportion of anatomic injuries worldwide, the demand for knee and hip orthopaedic implants is projected to increase considerably in the coming years. Joint and knee problems are common in Asia, and hip problems are comparatively more common in Europe; thus, the industry in these regions is expected to witness a healthy growth in the forecast period. The development of biodegradable implants and internal fixation devices is expected to provide potential growth prospects for orthopaedic devices for different anatomical sites, thus, providing further impetus for the industry growth.
The report gives a detailed analysis of the following key players in the global orthopaedic implants market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the industry based on Porter's five forces model along with giving a SWOT analysis.
|Scope of the Report||
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|Breakup by Product Type||
|Breakup by Material||
|Breakup by Procedure||
|Breakup by Application||
|Breakup by End User||
|Breakup by Region||
|Report Price and Purchase Option||Explore our purchase options that are best suited to your resources and industry needs.|
|Delivery Format||Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage – Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Orthopaedic Implants Market Overview
3.1 Orthopaedic Implants Market Historical Value (2016-2022)
3.2 Orthopaedic Implants Market Forecast Value (2023-2031)
4 Global Orthopaedic Implants Market Landscape
4.1 Orthopaedic Implants: Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Orthopaedic Implants: Product Landscape
4.2.1 Analysis by Type
4.2.2 Analysis by Technology
4.2.3 Analysis by End user
5 Global Orthopaedic Implants Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Orthopaedic Implants Market Segmentation
6.1 Orthopaedic Implants Market by Product Type
6.1.1 Market Overview
6.1.2 Reconstructive Joint Replacements
6.1.3 Spinal Implants
6.1.4 Dental Implants
6.1.7 Craniomaxillofacial Implants
6.2 Orthopaedic Implants Market by Material
6.2.1 Market Overview
6.2.2 Ceramics Biomaterials
6.2.3 Metallic Biomaterials
6.2.4 Polymeric Biomaterials
6.3 Orthopaedic Implants Market by Procedure
6.3.1 Market Overview
6.3.2 Open Surgery
6.3.3 Minimally Invasive Surgery (MIS)
6.4 Orthopaedic Implants Market by Application
6.4.1 Market Overview
6.4.2 Neck Fracture
6.4.3 Spine Fracture
6.4.4 Hip Replacement
6.4.5 Shoulder Replacement
6.5 Orthopaedic Implants Market by End User
6.5.1 Market Overview
6.5.3 Orthopaedic Clinics
6.5.4 Home Care
6.6 Orthopaedic Implants Market by Region
6.6.1 Market Overview
6.6.2 North America
6.6.4 Asia Pacific
6.6.5 Latin America
6.6.6 Middle East and Africa
7 North America Orthopaedic Implants
7.1 Market Share by Country
7.2 United States of America
8 Europe Orthopaedic Implants
8.1 Market Share by Country
8.2 United Kingdom
9 Asia Pacific Orthopaedic Implants
9.1 Market Share by Country
10 Latin America Orthopaedic Implants
10.1 Market Share by Country
11 Middle East and Africa Orthopaedic Implants
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.5 South Africa
12 Regulatory Framework
12.1 Regulatory Overview
12.1.1 US FDA
12.1.2 EU EMA
12.1.3 INDIA CDSCO
12.1.4 JAPAN PMDA
13 Patent Analysis
13.1 Analysis by Type of Patent
13.2 Analysis by Publication year
13.3 Analysis by Issuing Authority
13.4 Analysis by Patent Age
13.5 Analysis by CPC Analysis
13.6 Analysis by Patent Valuation
13.7 Analysis by Key Players
14 Grants Analysis
14.1 Analysis by year
14.2 Analysis by Amount Awarded
14.3 Analysis by Issuing Authority
14.4 Analysis by Grant Application
14.5 Analysis by Funding Institute
14.6 Analysis by NIH Departments
14.7 Analysis by Recipient Organization
15 Clinical Trials Analysis
15.1 Analysis by Trial Registration Year
15.2 Analysis by Trial Status
15.3 Analysis by Trial Phase
15.4 Analysis by Therapeutic Area
15.5 Analysis by Geography
16 Funding and Investment Analysis
16.1 Analysis by Funding Instances
16.2 Analysis by Type of Funding
16.3 Analysis by Funding Amount
16.4 Analysis by Leading Players
16.5 Analysis by Leading Investors
16.6 Analysis by Geography
17 Partnership and Collaborations Analysis
17.1 Analysis by Partnership Instances
17.2 Analysis by Type of Partnership
17.3 Analysis by Leading Players
17.4 Analysis by Geography
18 Supplier Landscape
18.1 CONMED Corporation
18.1.1 Financial Analysis
18.1.2 Product Portfolio
18.1.3 Demographic Reach and Achievements
18.1.4 Mergers and Acquisitions
18.2 Wright Medical Group N.V.
18.2.1 Financial Analysis
18.2.2 Product Portfolio
18.2.3 Demographic Reach and Achievements
18.2.4 Mergers and Acquisitions
18.3.1 Financial Analysis
18.3.2 Product Portfolio
18.3.3 Demographic Reach and Achievements
18.3.4 Mergers and Acquisitions
18.4 Medtronics plc
18.4.1 Financial Analysis
18.4.2 Product Portfolio
18.4.3 Demographic Reach and Achievements
18.4.4 Mergers and Acquisitions
18.5.1 Financial Analysis
18.5.2 Product Portfolio
18.5.3 Demographic Reach and Achievements
18.5.4 Mergers and Acquisitions
18.6 Integra LifeSciences
18.6.1 Financial Analysis
18.6.2 Product Portfolio
18.6.3 Demographic Reach and Achievements
18.6.4 Mergers and Acquisitions
18.7 B. Braun Melsungen AG
18.7.1 Financial Analysis
18.7.2 Product Portfolio
18.7.3 Demographic Reach and Achievements
18.7.4 Mergers and Acquisitions
18.8.1 Financial Analysis
18.8.2 Product Portfolio
18.8.3 Demographic Reach and Achievements
18.8.4 Mergers and Acquisitions
18.9.1 Financial Analysis
18.9.2 Product Portfolio
18.9.3 Demographic Reach and Achievements
18.9.4 Mergers and Acquisitions
18.10 NuVasive, Inc.
18.10.1 Financial Analysis
18.10.2 Product Portfolio
18.10.3 Demographic Reach and Achievements
18.10.4 Mergers and Acquisitions
19 Orthopaedic Implants - Distribution Model (Additional Insight)
19.2 Potential Distributors
19.3 Key Parameters for Distribution Partner Assessment
20 Key Opinion Leaders (KOL) Insights (Additional Insight)
21 Company Competitiveness Analysis (Additional Insight)
21.1 Very Small Companies
21.2 Small Companies
21.3 Mid-Sized Companies
21.4 Large Companies
21.5 Very Large Companies
22 Payment Methods (Additional Insight)
22.1 Government Funded
22.2 Private Insurance
*Additional insights provided are customisable as per client requirements.
In 2020, the global orthopaedic implants market attained a value of nearly USD 55.8 billion.
The market is projected to grow at a CAGR of 5% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 75 billion by 2026.
The major drivers of the industry, such as rising disposable incomes, increasing geriatric population, rising incidences of bone diseases, and growing technological advancements, are expected to aid the market growth.
The key trends guiding the growth of the market include the launch of products such as biodegradable implants and internal fixation devices.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading product types in the industry are plates and screws, nails and rods, and pins and wires, among others.
The major application segments in the market are reconstructive joint replacements, spine implants, craniomaxillofacial implants, dental implants, trauma implants, and orthobiologics, among others.
Hospitals, orthopaedic clinics, and ambulatory surgical centres, among others, are the most significant end-use segments in the industry.
The major players in the industry are Arthrex, Inc., Johnson & Johnson Services, Inc., CONMED Corporation, Zimmer Biomet Holdings, Inc., Medtronic plc, Stryker Corporation, and Smith & Nephew plc, among others.
The global orthopaedic implants market attained a value of USD 55.8 billion in 2020, driven by the rising prevalence of diseases like osteoporosis, osteoarthritis, and obesity. Aided by rapid technological advancements and product diversification, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 5%. The market is projected to reach USD 75 billion by 2026.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on the product, the market is divided into plates and screws, nails and rods, and pins and wires, among others. Reconstructive joint replacements, spine implants, craniomaxillofacial implants, dental implants, trauma implants, and orthobiologics, among others, are the leading application segments in the industry. On the basis of end-uses, the industry is segmented into hospitals, orthopaedic clinics, and ambulatory surgical centres, among others. The major regional markets for orthopaedic implants are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Arthrex, Inc., Johnson & Johnson Services, Inc., CONMED Corporation, Zimmer Biomet Holdings, Inc., Medtronic plc, Stryker Corporation, and Smith & Nephew plc, among others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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