Market Overview:
The global orthopedic implant material 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 metal segment is expected to dominate the global orthopedic implant material market during the forecast period owing to its high strength and durability. The polymer segment is projected to grow at a highest CAGR during the forecast period due its biocompatibility and lightweight properties. Based on application, the trauma series segment is estimated to account for majority share of the global orthopedic implant material market in 2018. This can be attributed rise in number of road accidents and sports injuries across globe.
Product Definition:
Orthopedic implant material is a type of medical device that is used to replace or repair bones or joints. Orthopedic implant materials are made from a variety of materials, including metals, plastics, and ceramics. They are used to treat conditions such as fractures, arthritis, and joint replacements.
Metal:
Orthopedic implants are medical devices used to replace or support the damaged bones and joints of the body. They are classified into two broad categories, metal and non-metal based orthopedic implants. The demand for metal based orthopedic implant is expected to witness a CAGR of XX% during the forecast period 2016-2021 owing to their advantages such as high mechanical properties, biocompatibility & osteoconductivity among others.
Biological Ceramic:
Biological ceramic is a material that consists of highly durable, biocompatible and non-metallic components. It has been used in surgical implants for decades. The most common application includes dental restorations, joint replacement parts and pacemaker cases. Biological ceramics are different from biological metals in the sense that they have low electrical conductivity whereas metallic components possess high electrical conductivity.
Application Insights:
The trauma series held the largest revenue share in 2017. This is due to its high usage in treating various types of injuries including bone fractures, spinal cord injuries, and burns. The rising cases of road accidents and resultant trauma are also a key factor driving the demand for implants worldwide. According to WHO, an estimated 1.3 million people die on roads every year globally which accounts for around 3% of total deaths worldwide annually.
The spinal series segment is expected to witness the fastest growth over the forecast period owing to an increase in number of surgeries performed for back problems along with a rise in geriatric population suffering from low back pain or spondylolisthesis disorder across all regions especially Middle East & Africa countries such as Saudi Arabia, UAE and Iran that contributes significantly towards implant material demand there annually as well as leads toward higher profit margins by companies operating within this region due to economies of scale advantages over their regional counterparts operating outside these countries particularly Latin America.
Regional Analysis:
North America dominated the global market in 2017. The presence of well-established healthcare facilities, favorable reimbursement policies, and increasing geriatric population are some of the major factors contributing to its growth. In addition, growing awareness regarding total knee replacement is anticipated to further propel regional demand during the forecast period.
The Asia Pacific region is expected to witness lucrative growth over the forecast period owing to rising disposable income and improving healthcare infrastructure coupled with economic development in emerging countries such as India and China. Furthermore, an increase in sports activities has led to a rise in bone injuries which will boost product demand further on account of their superior performance characteristics as compared with other implant materials such as metal or ceramic implants (i.e., high wear resistance).
Growth Factors:
- Increasing incidence of orthopedic diseases and disorders: The global prevalence of orthopedic diseases and disorders is increasing rapidly. This is primarily due to the aging population, rising obesity rates, and increased levels of physical inactivity. As a result, the demand for orthopedic implants is expected to surge in the coming years.
- Technological advancements: The orthopedic implant material market is witnessing rapid technological advancements, with manufacturers introducing new products that are more durable and effective than traditional implants. This is likely to boost the demand for orthopedic implant materials in the coming years.
- Growing awareness about advanced treatments: There has been a significant increase in awareness about advanced treatments for various Orthopedic conditions among patients across the globe in recent years. This has led to an increase in demand for high-quality Orthopedic implants, which will benefit the overall market growth over the forecast period .
Scope Of The Report
Report Attributes
Report Details
Report Title
Orthopedic Implant Material Market Research Report
By Type
Metal, Biological Ceramic, Polymer, Hard Material
By Application
Trauma Series, Spinal Series, Joint Series
By Companies
Johnson & Johnson, Stryker, Medtronic, Zimmer Biomet, Kinetic, Wego Group, ChunLi, Smith & Nephew, NuVasive, Wright Medical Group, Globus Medical, Orthofix International
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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Orthopedic Implant Material Market Report Segments:
The global Orthopedic Implant Material market is segmented on the basis of:
Types
Metal, Biological Ceramic, Polymer, Hard 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 Series, Spinal Series, Joint Series
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:
- Johnson & Johnson
- Stryker
- Medtronic
- Zimmer Biomet
- Kinetic
- Wego Group
- ChunLi
- Smith & Nephew
- NuVasive
- Wright Medical Group
- Globus Medical
- Orthofix International
Highlights of The Orthopedic Implant Material 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
- Biological Ceramic
- Polymer
- Hard Material
- By Application:
- Trauma Series
- Spinal Series
- Joint Series
- 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 Material 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 material is a type of medical device that is used to replace or support bones and other tissues in the body. Orthopedic implant materials can be made from a variety of materials, including metal, plastic, and composites.
Some of the major companies in the orthopedic implant material market are Johnson & Johnson, Stryker, Medtronic, Zimmer Biomet, Kinetic, Wego Group, ChunLi, Smith & Nephew, NuVasive, Wright Medical Group, Globus Medical, Orthofix International.
The orthopedic implant material market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Orthopedic Implant Material Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Orthopedic Implant Material Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Orthopedic Implant Material Market - Supply Chain
4.5. Global Orthopedic Implant Material Market Forecast
4.5.1. Orthopedic Implant Material Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Orthopedic Implant Material Market Size (000 Units) and Y-o-Y Growth
4.5.3. Orthopedic Implant Material Market Absolute $ Opportunity
5. Global Orthopedic Implant Material Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Orthopedic Implant Material Market Size and Volume Forecast by Type
5.3.1. Metal
5.3.2. Biological Ceramic
5.3.3. Polymer
5.3.4. Hard Material
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Orthopedic Implant Material Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Orthopedic Implant Material Market Size and Volume Forecast by Application
6.3.1. Trauma Series
6.3.2. Spinal Series
6.3.3. Joint Series
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Orthopedic Implant Material Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Orthopedic Implant Material Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Orthopedic Implant Material Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Orthopedic Implant Material Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Orthopedic Implant Material Demand Share Forecast, 2019-2026
9. North America Orthopedic Implant Material Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Orthopedic Implant Material Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Orthopedic Implant Material Market Size and Volume Forecast by Application
9.4.1. Trauma Series
9.4.2. Spinal Series
9.4.3. Joint Series
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Orthopedic Implant Material Market Size and Volume Forecast by Type
9.7.1. Metal
9.7.2. Biological Ceramic
9.7.3. Polymer
9.7.4. Hard Material
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Orthopedic Implant Material Demand Share Forecast, 2019-2026
10. Latin America Orthopedic Implant Material Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Orthopedic Implant Material Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Orthopedic Implant Material Market Size and Volume Forecast by Application
10.4.1. Trauma Series
10.4.2. Spinal Series
10.4.3. Joint Series
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Orthopedic Implant Material Market Size and Volume Forecast by Type
10.7.1. Metal
10.7.2. Biological Ceramic
10.7.3. Polymer
10.7.4. Hard Material
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Orthopedic Implant Material Demand Share Forecast, 2019-2026
11. Europe Orthopedic Implant Material Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Orthopedic Implant Material Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Orthopedic Implant Material Market Size and Volume Forecast by Application
11.4.1. Trauma Series
11.4.2. Spinal Series
11.4.3. Joint Series
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Orthopedic Implant Material Market Size and Volume Forecast by Type
11.7.1. Metal
11.7.2. Biological Ceramic
11.7.3. Polymer
11.7.4. Hard Material
1.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Orthopedic Implant Material Demand Share, 2019-2026
12. Asia Pacific Orthopedic Implant Material Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Orthopedic Implant Material Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Orthopedic Implant Material Market Size and Volume Forecast by Application
12.4.1. Trauma Series
12.4.2. Spinal Series
12.4.3. Joint Series
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Orthopedic Implant Material Market Size and Volume Forecast by Type
12.7.1. Metal
12.7.2. Biological Ceramic
12.7.3. Polymer
12.7.4. Hard Material
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Orthopedic Implant Material Demand Share, 2019-2026
13. Middle East & Africa Orthopedic Implant Material Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Orthopedic Implant Material Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Orthopedic Implant Material Market Size and Volume Forecast by Application
13.4.1. Trauma Series
13.4.2. Spinal Series
13.4.3. Joint Series
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Orthopedic Implant Material Market Size and Volume Forecast by Type
13.7.1. Metal
13.7.2. Biological Ceramic
13.7.3. Polymer
13.7.4. Hard Material
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Orthopedic Implant Material Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Orthopedic Implant Material Market: Market Share Analysis
14.2. Orthopedic Implant Material Distributors and Customers
14.3. Orthopedic Implant Material Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Johnson & Johnson
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Stryker
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Medtronic
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Zimmer Biomet
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Kinetic
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Wego Group
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. ChunLi
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Smith & Nephew
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. NuVasive
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Wright Medical Group
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Globus Medical
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Orthofix International
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
