Market Overview:
The global orthopedic implant market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing incidence of musculoskeletal disorders, rising geriatric population, and technological advancements in orthopedic implants. The global orthopedic implant market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into metallic implants, ceramic implants, polymeric implants, and others. The metallic implant segment accounted for the largest share of the global orthopedic implant market in 2017 owing to its high strength and durability as compared to other types of implants. On the basis of application, hospital accounted for majority share followed by specialty clinics in 2017 owing to increase demand for surgical procedures due to rise in incidence rates os musculoskeletal disorders across globe .Geographically ,the North America region held dominant position followed by Europe with respect Orthopaedics Implants Market revenue generated during year 2017 .
Product Definition:
An orthopedic implant is a medical device that is implanted in the body to replace a missing bone or joint, correct a deformity, or stabilize a joint. Orthopedic implants are made from various materials, including metals (steel, titanium), plastics (acrylics), and ceramics.
Metallic:
Metallic implants are used in orthopedic procedures to replace damaged bone or joints. They are also used to support soft tissue and provide stability to the affected area. The market is expected to grow at a lucrative rate owing to factors such as increasing geriatric population, rising prevalence of arthritis, technological advancements in metallic implant manufacturing and design, growing adoption of metallic implants by patients due to their advantages over conventional devices etc.
Ceramic:
Ceramic is a solid material that is resistant to chemical erosion and mechanical stress. The most common types of ceramics are alumina, zirconia, silicon carbide, and titania. Ceramic materials have been used in orthopedic implants for decades; however the use of these products has increased over the last decade due to advancements in technology and manufacturing techniques.
Application Insights:
The knee implants segment dominated the overall industry in 2017. The segment is expected to witness significant growth over the forecast period owing to rising geriatric population, which is a major factor contributing towards higher incidence of osteoarthritis. According to WHO, there are approximately 70 million people suffering from arthritis worldwide and this number is expected to increase by about 50% by 2030.
The hip implants segment accounted for a revenue share of 20.1% in 2017 due largely to high prevalence of obesity among adults resulting in increased risk of developing degenerative conditions such as labral tear and hip fracture that may require surgical intervention for treatment or surgery. Additionally, increasing awareness regarding availability of various types of hip implants that can restore normal mobility & function after total hip replacement surgery will propel market growth during 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 individuals are some of the major factors responsible for North America’s dominance. In addition, growing demand for total knee replacement surgeries is expected to drive growth during the forecast period. According to a study published in NCBI, approximately 125,000 people undergo knee replacement surgery every year in U.S., with around 85% of these occurring due to osteoarthritis symptoms rather than an injury or trauma (Knee Surgery Foundation).
Asia Pacific is anticipated to be one of the fastest-growing regions over the forecast period owing to rising medical tourism and improving economic conditions compared with other regions such as North America and Europe. Moreover, developing countries such as India have been witnessing rapid growth in orthopedic procedures due to high unmet needs regarding joint problems (Orthopedics Global Report 2016).
Growth Factors:
- Increasing incidence of orthopedic diseases and disorders such as arthritis, osteoporosis, and bone cancer is expected to drive the growth of the orthopedic implant market.
- Rising geriatric population is also a major factor that is anticipated to fuel the demand for orthopedic implants in the coming years.
- Growing awareness about advanced treatment options for various orthopedic conditions will propel the growth of this market during the forecast period.
- Technological advancements in implant design and manufacturing are likely to create new opportunities for players operating in this market over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Orthopedic Implant Market Research Report
By Type
Metallic, Ceramic, Polymeric, Others
By Application
Hospital, Specialty Clinic, Others
By Companies
Depuy Synthes, Globus Medical, NuVasive, Smith & Nephew, Stryker Corporation, Zimmer Biomet Holdings, Medtronic, The Orthopedic Implant Company, Wright Medical, Flexicare Medical, Depuy Synthes, BioTek Instruments
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
187
Number of Tables & Figures
131
Customization Available
Yes, the report can be customized as per your need.
Global Orthopedic Implant Market Report Segments:
The global Orthopedic Implant market is segmented on the basis of:
Types
Metallic, Ceramic, Polymeric, Others
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
Hospital, Specialty Clinic, Others
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
- Globus Medical
- NuVasive
- Smith & Nephew
- Stryker Corporation
- Zimmer Biomet Holdings
- Medtronic
- The Orthopedic Implant Company
- Wright Medical
- Flexicare Medical
- Depuy Synthes
- BioTek Instruments
Highlights of The Orthopedic Implant 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:
- Metallic
- Ceramic
- Polymeric
- Others
- By Application:
- Hospital
- Specialty Clinic
- Others
- 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 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?
An orthopedic implant is a medical device that is inserted into the body to restore or improve the function of a joint. Orthopedic implants can help to reduce pain and inflammation in the affected area, and may also improve range of motion.
Some of the major players in the orthopedic implant market are Depuy Synthes, Globus Medical, NuVasive, Smith & Nephew, Stryker Corporation, Zimmer Biomet Holdings, Medtronic, The Orthopedic Implant Company, Wright Medical, Flexicare Medical, Depuy Synthes, BioTek Instruments.
The orthopedic implant market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Orthopedic Implant 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 Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Orthopedic Implant 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 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 Market Size & Forecast, 2018-2028 4.5.1 Orthopedic Implant Market Size and Y-o-Y Growth 4.5.2 Orthopedic Implant Market Absolute $ Opportunity
Chapter 5 Global Orthopedic Implant 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 Market Size Forecast by Type
5.2.1 Metallic
5.2.2 Ceramic
5.2.3 Polymeric
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Orthopedic Implant 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 Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Specialty Clinic
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Orthopedic Implant 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 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 Analysis and Forecast
9.1 Introduction
9.2 North America Orthopedic Implant 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 Market Size Forecast by Type
9.6.1 Metallic
9.6.2 Ceramic
9.6.3 Polymeric
9.6.4 Others
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 Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Specialty Clinic
9.10.3 Others
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 Analysis and Forecast
10.1 Introduction
10.2 Europe Orthopedic Implant 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 Market Size Forecast by Type
10.6.1 Metallic
10.6.2 Ceramic
10.6.3 Polymeric
10.6.4 Others
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 Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Specialty Clinic
10.10.3 Others
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Orthopedic Implant 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 Market Size Forecast by Type
11.6.1 Metallic
11.6.2 Ceramic
11.6.3 Polymeric
11.6.4 Others
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 Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Specialty Clinic
11.10.3 Others
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America Orthopedic Implant 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 Market Size Forecast by Type
12.6.1 Metallic
12.6.2 Ceramic
12.6.3 Polymeric
12.6.4 Others
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 Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Specialty Clinic
12.10.3 Others
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 Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Orthopedic Implant 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 Market Size Forecast by Type
13.6.1 Metallic
13.6.2 Ceramic
13.6.3 Polymeric
13.6.4 Others
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 Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Specialty Clinic
13.10.3 Others
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 Market: Competitive Dashboard
14.2 Global Orthopedic Implant Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Depuy Synthes
14.3.2 Globus Medical
14.3.3 NuVasive
14.3.4 Smith & Nephew
14.3.5 Stryker Corporation
14.3.6 Zimmer Biomet Holdings
14.3.7 Medtronic
14.3.8 The Orthopedic Implant Company
14.3.9 Wright Medical
14.3.10 Flexicare Medical
14.3.11 Depuy Synthes
14.3.12 BioTek Instruments