"Due to the potential of SWOT analysis and Porter's Five Forces analysis in generating Orthopedic Implants Market research reports, these analyzes are preferred by businesses and hence are also used while generating Orthopedic Implants Market reports. To compile these world-class reports, a combination of the best industry insights, practical solutions, talent solutions and the latest technology has been used. As today's businesses highly demand market research analysis before taking any decision about the product, selecting such market research reports is very important for the business. The DBMR team is committed to presenting promising market reports and how to forecast them.
The international Orthopedic Implants Market Report offers research and consulting services focused on achieving competitiveness, with gaining and maintaining market position as the main goal of the program. Company profiles of all the key players and brands dominating the Orthopedic Implants Market have been considered here. This report has broad and comprehensive market insights based on business intelligence. Orthopedic Implants s Market document includes Compound Annual Growth Rate (CAGR) estimation in % values for the forecast period which will help clients to take decisions based on futuristic charts.
Data Bridge Market Research analyses that the orthopedic implants market, which was USD 47,666 million in 2022, would rise to USD 74,833.27 million by 2030 and is expected to undergo a CAGR of 5.80% during the forecast period from 2023 to 2030.
Explore Further Details about This Research Orthopedic Implants Market Report https://www.databridgemarketresearch.com/reports/global-orthopedic-implants-market
Orthopedic Implants Market Scope and Segmentation
REPORT METRIC | DETAILS |
Forecast Period | 2023 to 2030 |
Base Year | 2022 |
Historic Years | 2021 (Customizable to 2015 - 2020) |
Quantitative Units | Revenue in USD Million, Volumes in Units, Pricing in USD |
Segments Covered | Product Type (Reconstructive Joint Replacements, Spinal Implants, Dental Implants, Orthobiologics, Trauma, and Craniomaxillofacial Implants, Others), Biomaterial (Ceramics Biomaterials, Metallic Biomaterials, Polymeric Biomaterials, Natural Biomaterials Constipation), Procedure (Open Surgery, Minimally Invasive Surgery (MIS), Others), Device Type (Internal Fixation Devices, External Fixation Devices), Application (Neck Fracture, Spine Fracture, Hip Replacement, Shoulder Replacement, Others), End User (Hospitals, Orthopedic Clinics, Home Cares, Others) |
Countries Covered | U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
Market Players Covered | CONMED Corporation (U.S.), Wright Medical Group N.V. (U.S.), Stryker (U.S.), Medtronic (Ireland), Smith+Nephew (U.K.), Integra LifeSciences (U.S.), B. Braun Melsungen AG (Germany), Arthrex (U.S.), Baxter (U.S.), Medical Device Business Services, Inc. (U.S.), Globus Medical (U.S.), NuVasive, Inc. (U.S.), Flexicare Medical Limited (U.K.), BioTek Instruments, Inc. (U.S.), Narang Medical Limited (India), Auxein Medical (India), Uteshiya Medicare (India) |
Market Opportunities |
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Market Definition
An orthopedic implant is a medical device designed to replace or support a missing joint or bone. The medical implant is typically made of stainless steel and titanium alloys. These are most commonly used to treat spinal injuries and lumbar spinal stenosis in minimally invasive operations. The surgeries would require very less operative procedures, mainly used to treat spinal injuries and other related diseases such as lumbar spinal stenosis.
Global Orthopedic Implants Market Dynamics
Drivers
- Increasing Demand for Orthopedic Implants in Geriatric Population
As per World Health Organization, in 2021, the aging population base will likely increase from 1 billion to 1.4 billion worldwide by 2030. In addition, 1 in 6 people is expected to reach 60 years during the forecast period. Additionally, patients in their middle years increasingly prefer orthopedic implants because of lifestyle-related concerns such as inadequate exercise and early burnout. Furthermore, as age continues, the risk of getting bone disorders, fractures, and bone porosity also increases. Thus, this factor boosts market growth.
- Increasing Demand for Minimally Invasive Surgeries
The demand for minimally invasive procedures is increasing as these procedures result in lesser traumas and faster recovery than invasive ones. As the recovery time is less, patients' hospital stay is also shorter, leading to lower costs associated with surgery and hospital stay. The general population thus prefers this type of surgery. Thus, this factor boosts market growth.
Opportunities
- Innovative Strategic Developments and Launches
The major market players are adopting new product launches, collaborations, and partnerships to maintain a competitive edge. For instance, Mathys AG Bettlach, a Swiss company that develops innovative products for sports medicine, synthetic bone graft solutions, and artificial joint replacement, was acquired by DJO in 2021. This acquisition improves the company's capacity to manufacture and deliver next-generation orthopedic solutions. Thus, this factor boosts market growth.
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Orthopedic Implants Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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