Overview


According to FutureWise analysis the market for orthopedic implants in 2023 is US$ 37.57 billion, and is expected to reach US$ 61.8 billion by 2031 at a CAGR of 6.4%.

Orthopedic implants are medical devices designed to replace or augment damaged or diseased bone and joint tissue. They are used in various orthopedic procedures, including joint replacements, fracture repair, and spinal fusion surgeries. Orthopedic implants can be made from a variety of materials, including metal alloys, ceramics, and polymers. Metallic implants are the most commonly used type of orthopedic implant. They are typically made from alloys such as titanium, cobalt-chromium, and stainless steel, which are strong, durable, and biocompatible. Metal implants are often used in joint replacement surgeries, where they can be used to replace damaged or diseased joint tissue, such as the hip or knee. They can also be used in fracture repair surgeries, where they can help stabilize broken bones and promote healing.

Ceramic implants are another type of orthopedic implant, which are usually made from materials such as zirconia and alumina, which are biocompatible and have excellent mechanical properties. Ceramic implants are often used in joint replacement surgeries, particularly in younger patients, as they can be more resistant to wear and tear than metallic implants. Polymeric implants are a third type of orthopedic implant, which are typically made from materials such as polyethylene and polyurethane, which are lightweight, durable, and biocompatible. Polymeric implants are often used in joint replacement surgeries, particularly in younger patients, as they can help reduce wear and tear on the joint and promote healing. Regardless of the material used, orthopedic implants are typically designed to mimic the natural shape and function of the bone or joint they are replacing or augmenting. They can be tailored to each patient's specific requirements, and they are designed to be long-lasting and resistant to wear and tear.

FutureWise Market Research has published a report that provides an insightful analysis of Orthopedic Implants Market trends that are affecting the overall market growth. This report will provide a detailed analysis of market share, regional insights, and competitor analysis that includes stature of key manufacturers operational in this industry. By the end of the forecast period FutureWise research analysts projects that Orthopedic Implants Market will experience a significant growth.

According to the analysis done, this report will help understand the information referring to the total valuation held by this industry. Additionally, this report will help in understanding the growth opportunities held by various segments of this market, further assist in making better strategic and expansion decisions by key stakeholders of an organization.

  • Stryker
  • DePuy Synthes
  • Zimmer Biomet
  • Smith & Nephew
  • Medtronic Spinal
  • DJO Global
  • Arthrex, Inc.
  • NuVasive, Inc.
  • Globus Medical
  • Johnson & Johnson (US)

(Note: The list of the major players will be updated with the latest market scenario and trends)

Recent developments by key players in Orthopedic Implants Market:

In December 2021, Through its subsidiary Synthes GmbH, DePuy Synthes, a division of Johnson & Johnson, finalized the purchase of OrthoSpin. OrthoSpin is an Israeli-based firm that uses an external fixation method with a robotic assistance system for various orthopedic operations.

The global orthopedic implant market is influenced by various factors, such as the rising rates of orthopedic diseases, the rising demand for minimally invasive surgeries, the growing geriatric population, and technological advancements in the field of orthopedic implants. One of the key drivers of the orthopedic implant market is the increasing prevalence of orthopedic diseases such as osteoarthritis, rheumatoid arthritis, and osteoporosis. According to the World Health Organization, these diseases affect millions of people worldwide, particularly those over the age of 60. As a result, the demand for orthopedic implants such as joint replacements, spinal implants, and trauma implants is expected to increase. The aging population is also a significant element influencing the orthopedic implants industry. As the population ages, the prevalence of orthopedic diseases and disorders is expected to rise, leading to an increase in demand for orthopedic implants. In addition, the elderly population is also more prone to falls and accidents, which can result in fractures and other orthopedic injuries that require surgical intervention. The orthopedic implant market is also expanding due to the increased demand for minimally invasive procedures. Minimally invasive surgeries involve smaller incisions and cause less trauma to the surrounding tissue, resulting in faster recovery times and reduced hospital stays. This has increased the demand for orthopedic implants such as screws, plates, and anchors that are specifically designed for minimally invasive procedures.

However, the orthopedic implants market also faces challenges, such as high costs associated with orthopedic procedures and the stringent regulatory standards for the approval of orthopedic implants.

By Product Type

  • Joint Reconstruction
    • Hip Replacement
    • Knee Replacement
    • Shoulder Replacement
    •  Others
  • Spinal Implants
    • Spinal Fusion Devices
    • Spinal Non-fusion Devices
  • Trauma Implants
    • Metal Plates & Screws
    • Pins/Wires
    • Nails and Rods
    • Others
  • Orthobiologics
  • Dental Implants
  • Others

By End User

  • Hospitals
  • Orthopedic Clinics
  • Ambulatory Surgical Centers
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

This market research report also emphasis on factors affecting the growth rate in various regions listed above. A deep-down analysis of region will also be provided in the final version of this market which is based on conclusion of primary interviews and secondary data point gathered during the process.

By region, the market is segmented into North America, Latin America, Europe, Asia-Pacific, and Middle East & Africa. Additionally, North America registered the highest share in the market. North America is currently dominating the global orthopedic implants market, accounting for a significant share of the market revenue. This is due to numerous factors, including the availability of advanced healthcare infrastructure, the high prevalence of orthopedic diseases in the region, and the high adoption of advanced orthopedic implants. The United States, in particular, is the largest market for orthopedic implants in North America. The country has a large geriatric population and a high incidence of orthopedic diseases, leading to a high demand for orthopedic implants such as joint replacements, spinal implants, and trauma implants. Canada is also a significant market for orthopedic implants in North America. The country has a high prevalence of osteoporosis and arthritis, leading to an increase in demand for orthopedic implants. Moreover, the Canadian government's support for healthcare infrastructure development and the increasing number of private healthcare facilities are driving the growth of the orthopedic implants market in the country.

  • Tier 1 players- established companies in the market with a major market share
  • Tier 2 players
  • Emerging players which are growing rapidly
  • New Entrants

• Growth prospects
• SWOT analysis
• Key trends
• Key data-points affecting market growth

  • To provide with an exhaustive analysis on the Orthopedic Implants Market By Product Type, By End User and By Region.
  • To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
  • To evaluate and forecast micro-markets and the overall market
  • To predict the market size, in key regions— North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions

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Table of Contents


  • 1.   Market Introduction
    •   1. Objectives of the Study
        2. Market Definition
        3. Market Scope
         3.1 . Years Considered for the Study
         3.2 . Market Covered
        4. Currency
        5. Limitations
        6. Stakeholders
  • 2.   Research Methodology
    •   1. Research Data
         1.1 . Secondary Data
          1.1.1 . Key Data from Secondary Sources
         1.2 . Primary Data
          1.2.1. Key Data from Primary Sources
        2. Market Size Estimation
        3. Market Breakdown and Data Triangulation
        4. Assumptions for the Study
  • 3.   Executive Summary
    •   1. Market Outlook
        2. Segment Outlook
        3. Competitive Insights
  • 4.   Global Orthopedic Implants Market Variables, Trends and Scope
    •      1. Market Lineage Outlook
        2. Penetration and Growth Prospect Mapping
        3. Industry Value Chain Analysis
        4. Cost Analysis Breakdown
        5. Technology Overview
        6. Regulatory Framework
         6.1. Reimbursement Framework
         6.2. Standards and Compliances

  • 5.   Market Overview
    •   1. Market Dynamics
         1.1. Market Driver Analysis
          1.1.1. Increasing focus of Orthopedic Implants Companies on Brand Protection
          1.1.2. Untapped Opportunities in Emerging Regions
         1.2. Market Restraint Analysis
          1.2.1. High Cost Associated with Implementation of Predictive Analysis
         1.3. Industry Challenges
          1.3.1. Presence of Ambiguous Regulatory Framework
  • 6.   Global Orthopedic Implants Market Analysis Tools
    •   1. Industry Analysis - Porter’s
         1.1. Supplier Power
         1.2. Buyer Power
         1.3. Substitution Threat
         1.4. Threat from New Entrants
         1.5. Competitive Rivalry
        2. Pestel Analysis
         2.1. Political Landscape
         2.2. Environmental Landscape
         2.3. Social Landscape
         2.4. Technology Landscape
         2.5. Legal Landscape
        3. Major Deals and Strategic Alliances Analysis
         3.1. Joint Ventures
         3.2. Mergers and Acquisitions
         3.3. Licensing and Partnership
         3.4. Technology Collaborations
         3.5. Strategic Divestments
        4. Market Entry Strategies
        5. Case Studies
  • 7.   Global Orthopedic Implants Market, By Product Type Historical Analysis and Forecast 2023-2031 (USD Million)
    •   1. Joint Reconstruction
         1.1. Hip Replacement
         1.2. Knee Replacement
         1.3. Shoulder Replacement
         1.4. Others
        2. Spinal Implants
         2.1. Spinal Fusion Devices
         2.2. Spinal Non-fusion Devices
        3. Trauma Implants
         3.1. Metal Plates and Screws
         3.2. Pins/Wires
         3.3. Nails and Rods
         3.4. Others
        4. Orthobiologics
        5. Dental Implants
        6. Others

  • 8.   Global Orthopedic Implants Market, By End User Historical Analysis and Forecast 2023-2031 (USD Million)
    •   1. Hospitals
        2. Orthopedic Clinics
        3. Ambulatory Surgical Centers
        4. Others

  • 9.   North America Orthopedic Implants Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. U.S.A
         2.2. Canada
         2.3. Mexico
        3. Market Size (USD Million) Forecast for North America 2023-2031

  • 10.   Latin America Orthopedic Implants Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. Brazil
         2.2. Venezuela
         2.3. Argentina
         2.4. Rest of Latin America
        3. Market Size (USD Million) Forecast for Latin America 2023-2031

  • 11.   Europe Orthopedic Implants Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. Germany
         2.2. U.K
         2.3. France
         2.4. Italy
         2.5. Spain
         2.6. Russia
         2.7. Poland
         2.8. Rest of Europe
        3. Market Size (USD Million) Forecast for Europe 2023-2031

  • 12.   Asia Pacific Orthopedic Implants Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. Japan
         2.2. China
         2.3. India
         2.4. Australia and New Zealand
         2.5. ASEAN
         2.6. Rest of Asia Pacific
        3. Market Size (USD Million) Forecast for Asia Pacific 2023-2031

  • 13.   Middle East and Africa Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. GCC
         2.2. Israel
         2.3. South Africa
         2.4. Rest of MEA
        3. Market Size (USD Million) Forecast for MEA 2023-2031

  • 14.   Market Share Analysis and Competitive Landscape
    •   1. Global Landscape - Key Players, Revenue and Presence
        2. Global Share Analysis - Key Players (Tier 1, Tier 2, Tier 3)
        3. Global Emerging Companies
        4. North America - Market Share Analysis and Key Regional Players
        5. Europe - Market Share Analysis and Key Regional Players
        6. Asia Pacific - Market Share Analysis and Key Regional Players
        7. Global Key Player - Growth Matrix
  • 15.   Company Profiles (Competition Dashboard, Competitors Deep Dive, Products Offered and Financial Layouts)
    •   1. Stryker Corp.
         1.1. Company Overview
         1.2. Product Portfolio
         1.3. SWOT Analysis
         1.4. Financial Overview
         1.5. Strategic Overview
        2. DePuy Synthes
         2.1. Company Overview
         2.2. Product Portfolio
         2.3. SWOT Analysis
         2.4. Financial Overview
         2.5. Strategic Overview
        3. Zimmer Biomet
         3.1. Company Overview
         3.2. Product Portfolio
         3.3. SWOT Analysis
         3.4. Financial Overview
         3.5. Strategic Overview
        4. Smith and Nephew
         4.1. Company Overview
         4.2. Product Portfolio
         4.3. SWOT Analysis
         4.4. Financial Overview
         4.5. Strategic Overview
        5. Medtronic Spinal
         5.1. Company Overview
         5.2. Product Portfolio
         5.3. SWOT Analysis
         5.4. Financial Overview
         5.5. Strategic Overview
        6. DJO Global
         6.1. Company Overview
         6.2. Product Portfolio
         6.3. SWOT Analysis
         6.4. Financial Overview
         6.5. Strategic Overview
        7. Arthrex, Inc.
         7.1. Company Overview
         7.2. Product Portfolio
         7.3. SWOT Analysis
         7.4. Financial Overview
         7.5. Strategic Overview
        8. NuVasive, Inc.
         8.1. Company Overview
         8.2. Product Portfolio
         8.3. SWOT Analysis
         8.4. Financial Overview
         8.5. Strategic Overview
        9. Globus Medical
         9.1. Company Overview
         9.2. Product Portfolio
         9.3. SWOT Analysis
         9.4. Financial Overview
         9.5. Strategic Overview
        10. Johnson and Johnson (US)
         10.1. Company Overview
         10.2. Product Portfolio
         10.3. SWOT Analysis
         10.4. Financial Overview
         10.5. Strategic Overview

  • 16.   Pre and Post COVID-19 Impact
    •   1. Positive influence on the healthcare industry
        2. The financial disruption of the manufacturing sector
        3. Impact of COVID-19 on emerging companies
        4. Significant mandates in the healthcare regulations initiated by administrations
        5. The overall economic slowdown of the developing and developed nations
  • 17.   FutureWise SME Key Takeaway Points for Client
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