Market Overview:
The global orthopedic implant devices market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of musculoskeletal disorders, rising geriatric population, and technological advancements in orthopedic implant devices. The metal segment is expected to dominate the global orthopedic implant devices market during the forecast period owing to its high strength and durability. However, the polymer segment is projected to grow at a higher CAGR than other segments during the forecast period due its biocompatibility and lightweight properties. Based on application, trauma surgery held a major share of the global orthopedic implant devices market in 2017; however, spine surgery is projected to grow at a higher CAGR than other applications during 2018-2030 owing to an increase in spinal deformities and disorders such as scoliosis, spondylolisthesis etc.
Product Definition:
An orthopedic implant is a medical device that is used to replace or support a bone or joint. Orthopedic implant devices are used to correct deformities, treat injuries, and improve the quality of life for people with chronic conditions.
Metal:
Metal, it's usage and growth factor in orthopedic implant devices market is expected to witness significant growth over the forecast period. The metal implants have been used for bone reconstruction since the 19th century. However, with technological advancements and a better understanding of biological processes, these devices are being utilized more efficiently by surgeons.
Polymer:
Polymer is a material that can be molded, extruded or shaped. The most commonly used polymers are Polyethylene (PE), Polypropylene (PP), and Polystyrene (PS). Orthopedic implant devices are made of polymer materials such as PP, PE and PS. These polymers have certain advantages over metal in terms of bio-compatibility, wear resistance & surface finish among others.
Application Insights:
The knee implants segment dominated the global market in 2017. The growing geriatric population, especially in countries such as Germany, Japan and China is expected to be a major factor driving the demand for orthopedic implants over the forecast period. According to data published by United Nations, it has been estimated that by 2050 there will be more than 70 million people above 60 years of age globally which includes nearly 25% of total global population. This demographic group accounts for a significant share in healthcare costs and thus are likely to generate high revenue potential for manufacturers over the forecast period.
Regional Analysis:
North America dominated the global market in 2017. The presence of well-established healthcare facilities, favorable reimbursement policies, and increasing awareness levels among patients are some of the factors responsible for its large share. In addition, growing R&D activities by major companies to develop advanced products is expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to rising geriatric population and improving economic conditions in emerging countries such as India & China & South Korea etcetera (IMF). In addition, rapidly developing economies along with expanding medical tourism industry will also boost demand for orthopedic implants in this region over next eight years. For instance; As per a survey conducted by International Monetary Fund (IMF), from 2014 to 2016 about 1 million tourists visited China every year on medical visas which indicates huge potential for orthopedic surgeries especially knee replacement surgeries at low cost compared with U.S.
Growth Factors:
- Increasing incidence of orthopedic diseases and disorders: The global prevalence of orthopedic diseases and disorders is increasing at a rapid pace. This is primarily attributed to the aging population, rising obesity rates, and increasing levels of physical inactivity. As a result, the demand for orthopedic implant devices is expected to surge in the coming years.
- Technological advancements: The orthopedic implant devices market is witnessing significant technological advancements, with manufacturers introducing innovative products that are more effective and durable than traditional implants. This is likely to boost the demand for these devices in the coming years.
- Growing awareness about advanced treatments: There has been a growing awareness among patients about advanced treatments such as arthroscopy and joint replacement surgeries in recent years. This has led to an increase in demand for high-quality orthopedic implant devices from both developed and developing countries alike.
Scope Of The Report
Report Attributes
Report Details
Report Title
Orthopedic Implant Devices Market Research Report
By Type
Metal, Polymer, Ceramics, Composite Material
By Application
Trauma, Spine, Joints
By Companies
DePuy Synthes, Stryker, Smith & Nephew, Zimmer Biomet, Medtronic, NuVasive, Globus Medical, B. Braun Aesculap, Wright Medica, Acumed, DePuy Synthes, Orthofix, WEGO
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
193
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Orthopedic Implant Devices Market Report Segments:
The global Orthopedic Implant Devices market is segmented on the basis of:
Types
Metal, Polymer, Ceramics, Composite Material
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Trauma, Spine, Joints
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- DePuy Synthes
- Stryker
- Smith & Nephew
- Zimmer Biomet
- Medtronic
- NuVasive
- Globus Medical
- B. Braun Aesculap
- Wright Medica
- Acumed
- DePuy Synthes
- Orthofix
- WEGO
Highlights of The Orthopedic Implant Devices Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Metal
- Polymer
- Ceramics
- Composite Material
- By Application:
- Trauma
- Spine
- Joints
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Orthopedic Implant Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Orthopedic implant devices are medical devices that are used to replace or augment bones and other tissues in the body. They can be used to treat a variety of conditions, including arthritis, spinal cord injuries, and joint pain.
Some of the major companies in the orthopedic implant devices market are DePuy Synthes, Stryker, Smith & Nephew, Zimmer Biomet, Medtronic, NuVasive, Globus Medical, B. Braun Aesculap, Wright Medica, Acumed, DePuy Synthes, Orthofix, WEGO.
The orthopedic implant devices market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Orthopedic Implant Devices Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Orthopedic Implant Devices Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Orthopedic Implant Devices Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Orthopedic Implant Devices Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Orthopedic Implant Devices Market Size & Forecast, 2018-2028
4.5.1 Orthopedic Implant Devices Market Size and Y-o-Y Growth
4.5.2 Orthopedic Implant Devices Market Absolute $ Opportunity
Chapter 5 Global Orthopedic Implant Devices Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Orthopedic Implant Devices Market Size Forecast by Type
5.2.1 Metal
5.2.2 Polymer
5.2.3 Ceramics
5.2.4 Composite Material
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Orthopedic Implant Devices Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Orthopedic Implant Devices Market Size Forecast by Applications
6.2.1 Trauma
6.2.2 Spine
6.2.3 Joints
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Orthopedic Implant Devices Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Orthopedic Implant Devices Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Orthopedic Implant Devices Analysis and Forecast
9.1 Introduction
9.2 North America Orthopedic Implant Devices Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Orthopedic Implant Devices Market Size Forecast by Type
9.6.1 Metal
9.6.2 Polymer
9.6.3 Ceramics
9.6.4 Composite Material
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Orthopedic Implant Devices Market Size Forecast by Applications
9.10.1 Trauma
9.10.2 Spine
9.10.3 Joints
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Orthopedic Implant Devices Analysis and Forecast
10.1 Introduction
10.2 Europe Orthopedic Implant Devices Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Orthopedic Implant Devices Market Size Forecast by Type
10.6.1 Metal
10.6.2 Polymer
10.6.3 Ceramics
10.6.4 Composite Material
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Orthopedic Implant Devices Market Size Forecast by Applications
10.10.1 Trauma
10.10.2 Spine
10.10.3 Joints
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Orthopedic Implant Devices Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Orthopedic Implant Devices Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Orthopedic Implant Devices Market Size Forecast by Type
11.6.1 Metal
11.6.2 Polymer
11.6.3 Ceramics
11.6.4 Composite Material
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Orthopedic Implant Devices Market Size Forecast by Applications
11.10.1 Trauma
11.10.2 Spine
11.10.3 Joints
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Orthopedic Implant Devices Analysis and Forecast
12.1 Introduction
12.2 Latin America Orthopedic Implant Devices Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Orthopedic Implant Devices Market Size Forecast by Type
12.6.1 Metal
12.6.2 Polymer
12.6.3 Ceramics
12.6.4 Composite Material
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Orthopedic Implant Devices Market Size Forecast by Applications
12.10.1 Trauma
12.10.2 Spine
12.10.3 Joints
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Orthopedic Implant Devices Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Orthopedic Implant Devices Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Orthopedic Implant Devices Market Size Forecast by Type
13.6.1 Metal
13.6.2 Polymer
13.6.3 Ceramics
13.6.4 Composite Material
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Orthopedic Implant Devices Market Size Forecast by Applications
13.10.1 Trauma
13.10.2 Spine
13.10.3 Joints
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Orthopedic Implant Devices Market: Competitive Dashboard
14.2 Global Orthopedic Implant Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 DePuy Synthes
14.3.2 Stryker
14.3.3 Smith & Nephew
14.3.4 Zimmer Biomet
14.3.5 Medtronic
14.3.6 NuVasive
14.3.7 Globus Medical
14.3.8 B. Braun Aesculap
14.3.9 Wright Medica
14.3.10 Acumed
14.3.11 DePuy Synthes
14.3.12 Orthofix
14.3.13 WEGO
