Orthopedic Implants Market Size, Share, Growth Rate and Forecast 2024-2032

IMARC Group’s report titled “Orthopedic Implants Market Report by Product (Reconstructive Joint Replacements, Spinal Implants, Dental Implants, Trauma, Orthobiologics, and Others), Type (Knee, Hip, Wrist and Shoulder, Dental, Spine, Ankle, and Others), Biomaterial (Metallic Biomaterials, Ceramic Biomaterials, Polymers Biomaterials, and Others), End User (Hospitals, Orthopedic Clinic, Ambulatory Surgical Centers, and Others), and Region 2024-2032”. The global orthopedic implants market size reached US$ 53.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 79.4 Billion by 2032, exhibiting a growth rate (CAGR) of 4.4% during 2024-2032.

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Factors Affecting the Growth of the Orthopedic Implants Industry:

• Aging Population:

The growing demand for orthopedic implants among the geriatric population is offering a favorable market outlook. Older individuals are more prone to conditions, such as osteoarthritis, rheumatoid arthritis, and osteoporosis, which often necessitate orthopedic interventions. Older adults frequently suffer from joint degeneration and fractures due to decreased bone density, leading to a higher demand for implants like hip and knee replacements. This demographic shift places a growing burden on healthcare systems to provide effective and durable orthopedic solutions. Additionally, older individuals are adopting advanced healthcare devices that enhance mobility and their quality of life.

• Advancements in Technology:

Developments in materials science are leading to the creation of biocompatible materials that enhance implant durability and reduce the risk of rejection. Three dimensional (3D) printing technology allows for the customization of implants tailored to individual patient anatomy, improving surgical outcomes. Robotic-assisted surgeries provide higher precision, minimizing tissue damage and recovery times. Moreover, advancements in imaging and diagnostic tools enable more accurate planning and placement of implants. These technological breakthroughs not only improve patient outcomes but also increase the efficiency and success rates of orthopedic surgeries.

• Rising Prevalence of Musculoskeletal Disorders:

The increasing prevalence of musculoskeletal disorders is catalyzing the demand for orthopedic implants. Conditions, such as osteoarthritis, rheumatoid arthritis, and osteoporosis are becoming more common due to factors like aging populations, sedentary lifestyles, and obesity. These disorders often lead to chronic pain, decreased mobility, and diminished quality of life, necessitating surgical interventions involving implants. Additionally, sports injuries and traumatic accidents contribute to the growing number of musculoskeletal issues. There is a rise in the demand for effective treatment options, including joint replacements and spinal implants, among individuals seeking to alleviate pain and restore functionality.    

Leading Companies Operating in the Global Orthopedic Implants Industry:

• 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

• Zimmer Biomet

Orthopedic Implants Market Report Segmentation:

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

Reconstructive joint replacements represent the largest segment, which can be attributed to the rising prevalence of joint disorders.   

By Type:

• Knee

• Hip

• Wrist and Shoulder

• Dental

• Spine

• Ankle

• Others

Knee holds the biggest market share due to the increasing knee-related orthopedic issues, such as osteoarthritis, ligament injuries, and fractures.

By Biomaterial:

• Metallic Biomaterials 

  • Stainless Steel

  • Titanium alloy

  • Cobalt alloy

  • Others

• Ceramic Biomaterials

• Polymers Biomaterials

• Others

Metallic biomaterials account for the largest market share as they offer enhanced strength and are usually less resistant to wear.

By End User:

• Hospitals

• Orthopedic Clinic

• Ambulatory Surgical Centers

• Others

On the basis of the end user, the market has been divided into hospitals, orthopedic clinic, ambulatory surgical centers, and others.

Regional Insights:

• 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

North America enjoys a leading position in the orthopedic implants market on account of the rising awareness among individuals about joint health and elective surgeries.

Global Orthopedic Implants Market Trends:

The growing number of orthopedic surgeries among individuals is offering a favorable market outlook. Procedures, such as hip and knee replacements, spinal fusions, and fracture repairs, are becoming more common as a result of rising musculoskeletal disorders and an aging population. Improved surgical techniques and better postoperative care assist in increasing the success rates of these surgeries, making them more appealing to patients. Additionally, advancements in minimally invasive (MI) surgical methods reduce recovery times and complications, encouraging more individuals to opt for surgical solutions.

Moreover, the rising incidence of sports-related injuries and accidents is catalyzing the demand for orthopedic implants.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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