The global orthopedic implants market size reached US$ 50.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 67.8 Billion by 2028, exhibiting a growth rate (CAGR) of 4.8% during 2023-2028.

An orthopedic implant is a medical device primarily designed for repairing or replacing a deformed or damaged bone, joint, or cartilage. It is made of stainless steel and titanium alloys to provide strength and coated with a plastic layer for serving as an artificial cartilage. It is widely used in spinal fusion surgery for the treatment of back pain as well as for hip and joint replacement. As a result, it finds extensive applications in hospitals, orthopedic clinics, and ambulatory surgical centers across the globe.

Orthopedic Implants Market Trends:
There is presently a rise in the number of orthopedic operations being performed globally due to increasing traumas, injuries, and accidents. This, along with the growing bone density issues and middle-age bone diseases among individuals, represents one of the driving market factors. Moreover, there is an increase in the utilization of orthopedic implants to treat musculoskeletal across the globe. This, coupled with the rising geriatric population around the world, is propelling the growth of the market. In addition, governments of several countries are extensively investing in healthcare infrastructure, which is positively influencing the market. Besides this, the growing prevalence of orthopedic diseases, such as arthritis and osteoarthritis worldwide, are catalyzing the demand for orthopedic implants. Apart from this, technological advancements in orthopedic implants, such as robot-assisted surgical tools, are strengthening the market growth. Other growth-inducing factors are rapid urbanization, inflating disposable income of individuals and the expanding healthcare industry. Furthermore, major industry vendors are focusing on research and development (R&D) activities to develop bioresorbable implants and internal fixation devices, which is projected to bolster the growth of the market.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global orthopedic implants market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, type, biomaterial and end user.

Breakup by Product:

Reconstructive Joint Replacements
Knee Replacement Implants
Hip Replacement Implants
Extremities
Spinal Implants
Spinal Fusion Implants
Vertebral Compression Fracture (VCF) Devices
Motion Preservation Devices/Non-Fusion Devices
Dental Implants
Root Form Dental Implants
Plate Form Dental Implants
Trauma
Orthobiologics
Demineralized Bone Matrix (DBM)
Allograft
Bone Morphogenetic Protein (BMP)
Viscosupplementation Products
Synthetic Bone Substitutes
Others
Others

Breakup by Type:

Knee
Hip
Wrist and Shoulder
Dental
Spine
Ankle
Others

Breakup by Biomaterial:

Metallic Biomaterials
Stainless Steel
Titanium Alloy
Cobalt Alloy
Others
Ceramic Biomaterials
Polymers Biomaterials
Others

Breakup by End User:

Hospitals
Orthopedic Clinic
Ambulatory Surgical Centers
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Arthrex Inc., Auxein Medical, B. Braun Melsungen AG, CONMED Corporation, Globus Medical Inc., Integra LifeSciences, Johnson & Johnson, Medtronic Plc, Narang Medical Limited, Orthopaedic Implant Company, Smith & Nephew plc, Stryker Corporation and Zimmer Biomet.

Key Questions Answered in This Report
1. What was the size of the global orthopedic implants market in 2022?
2. What is the expected growth rate of the global orthopedic implants market during 2023-2028?
3. What has been the impact of COVID-19 on the global orthopedic implants market?
4. What are the key factors driving the global orthopedic implants market?
5. What is the breakup of the global orthopedic implants market based on the product?
6. What is the breakup of the global orthopedic implants market based on the type?
7. What is the breakup of the global orthopedic implants market based on the biomaterial?
8. What are the key regions in the global orthopedic implants market?
9. Who are the key players/companies in the global orthopedic implants market?