• +1 (732) 369 9777
  • +1 (609) 857 6083
  • enquiry@dimensionmarketresearch.com

logo Orthopedic Implants Market

Comprehensive Industry Landscape and Strategic Outlook

  • About Us
  • Insight
    Trending Reports Latest Reports
  • Industries
    Aerospace & Defence
    Agriculture & Horticulture
    Automotive
    BFSI & Education
    Chemical & Material
    Consumer Goods
    Electrical & Semiconductor
    ICT & TMT
    Energy & Power
    Food & Beverages
    Industry Automation & Equipment
    Manufacturing & Construction
    Medical Devices & Healthcare IT
    Metals & Minerals
    Packaging & Logistics
    Pharmaceuticals & Healthcare
    Sports & Fitness
  • News And Media
  • Contact us
Speak to Analyst
Request Free Sample
/images/logo.png
  • home
  • Pharmaceuticals & Healthcare
  • Orthopedic Implants Market

Orthopedic Implants Market By Product (Reconstructive Joint Replacements, Spinal Implants, Dental Implants, Trauma, Orthobiologics, and Others), By Type, By End User - Global Industry Outlook, Key Companies (Stryker, Zimmer Biomet, Smith & Nephew, and others), Trends and Forecast 2023-2032

Published on : December-2023  Report Code : RC-617  Pages Count : 260  Report Format : PDF
Overview Table of Content Download Report's Excerpt Request Free Sample

Market Overview

The Global Orthopedic Implants Market is expected to reach a value of USD 52.7 billion in 2023, and it is further anticipated to reach a market value of USD 77.4 billion by 2032 at a CAGR of 4.4%.

Orthopedic Implants Market Growth Analysis

An orthopedic implant is a medical device developed from stainless steel & titanium alloys, designed to replace or provide support for a missing joint or bone, as it is used in minimally complex procedures, these implants are frequently employed for treating spinal injuries & conditions like lumbar spinal stenosis. These surgeries include minimal operative steps, providing effective solutions for spinal ailments.

Key Takeaways

  • By End User, Hospitals segment takes the lead in 2023 & is anticipated to dominate throughout the forecasted period.
  • In addition, the Outpatient Facilities segment is expected to grow significantly over the forecasted period.
  • By Product, Reconstructive Joint Replacements take the lead & drive the market in 2023
  • North America has a 44.3% share of revenue in the Global Orthopedic Implants Market in 2023

Market Dynamic

The rising number of minimally invasive procedures is fueling market growth, given their advantages of faster recovery, reduced trauma, & minimal hospital stays, leading to lower overall costs. Patients favor these procedures, contributing to growth in demand. Also, market leaders are strategically introducing new products & engaging in collaborations & partnerships to stay competitive, further stimulating market growth.

However, the high costs related to orthopedic implants create hindrances to market expansion. Also, the complex nature of implant placement critically influences bone regeneration, contributing to increased costs, which becomes a deterrent for potential customers, causing uncertainty about going for orthopedic implant procedures, all such trends challenge growth due to these cost-related factors.

Research Scope and Analysis

By Product

In terms of product, the orthopedic implants market includes reconstructive joint replacements, dental implants, spinal implants, orthobiologics, trauma solutions, and others. In 2023, the largest segment in terms of revenue generation is reconstructive joint replacements, which is a segment further divided based on the joint type involved, materials used, & fixation techniques, where hip & knee replacements hold significant positions due to the occurrence of osteoarthritis & degenerative joint diseases. Further, material options include metal alloys, ceramics, & polymers, each providing unique advantages & considerations based on patient requirements & clinical contexts. Fixation techniques like cemented, cementless, & hybrid methods, with cemented replacements being the traditional choice for immediate fixation.

Moreover, the orthopedic implants market for reconstructive joint replacements is dynamic, providing a complete range of options personalized to diverse patient requirements, emphasizing joint types, materials, & fixation techniques to address various orthopedic conditions.

By Type

Categorizing orthopedic implants by type, the market includes hip, wrist, knee, shoulder, spine, dental, & ankle implants, where in 2023, the knee segment commands the largest market share & exhibits the highest growth, which is anticipated to persist, driven by the growth in the number of road traffic accidents, a rise in bone injuries & joint dislocations, and a major increase in sports-related injuries. 

Further, lifestyle factors, like growth in competition among athletes & rising obesity rates, contribute to a large number of bone injuries & joint disorders, mainly in the knee, which bears the direct load of the body. Further, the consequential impact on the spine has led to an increase in spinal disorders. The expanding geriatric population further expands the incidence of spinal disorders, contributing to the sustained growth of the knee segment in the orthopedic implants market.

By End User

The hospital segment maintains its market dominance, holding the largest revenue share in 2023. Hospitals stand out due to their complete healthcare resources, including advanced surgical equipment, specialized medical staff, & intensive care units, which allow hospitals to provide a wide spectrum of orthopedic services, ranging from routine joint replacements to intricate orthopedic surgeries. Further, patients often prefer hospitals for orthopedic implant procedures, perceiving them as a reliable environment with strong post-operative care. In addition, hospital affiliations with insurance providers streamline compensation processes for patients.

Orthopedic Implants Market End User Analysis

Moreover, the outpatient facilities segment is expected to rapid growth. Ambulatory surgical centers & outpatient clinics within this category are gaining popularity due to developments in medical technology & evolving healthcare preferences. Outpatient procedures for orthopedic implants are on the rise, driven by affordability, convenience, & the quick recovery times associated with these facilities. Also, the growth of minimally invasive treatments further improves the appeal of outpatient orthopedic surgeries, providing flexibility in scheduling & streamlined processes. Healthcare regulations & investments favor outpatient facilities, which are expected to sustain growth, providing a convincing alternative to traditional hospital-based procedures.

The Orthopedic Implants Market Report is segmented on the basis of the following:

By Product

  • Reconstructive Joint Replacements
  • Spinal Implants
  • Dental Implants
  • Trauma
  • Orthobiologics
  • Others

By Type

  • Wrist & Shoulder
  • Dental
  • Knee
  • Hip
  • Spine
  • Ankle

By End User

  • Hospitals
  • Outpatient Facilities

Regional Analysis

North America leads the orthopedic implants market with a substantial 44.3% revenue share in 2023, which can be attributed to the growth in the number of osteoporosis & osteoarthritis, an increasing aging population, growth in trauma cases from accidents & sports injuries, as well as changing lifestyles. The global rise in healthcare spending & the large use of 3D Printing in Healthcare Market further contribute to market growth. However, strict regulatory requirements & high capital investments act as barriers for new players trying to enter the market.

Orthopedic Implants Market Regional Analysis

Further, the Asia Pacific region is expected to have the fastest growth in the forecast period, which is anticipated to expand owing to growth in healthcare expenditures & a rising aging population experiencing large instances of osteoarthritis, osteoporosis, bone injuries, & obesity. The expanding healthcare infrastructure in major countries like China, India, & Japan, along with a thriving medical tourism industry, is supporting increased demand for orthopedic devices in the region.

By Region

North America
  • The U.S.
  • Canada
Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Russia
  • Spain
  • Benelux
  • Nordic
  • Rest of Europe
Asia-Pacific
  • China
  • Japan
  • South Korea
  • India
  • ANZ
  • ASEAN
  • Rest of Asia-Pacific
Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
  • Rest of Latin America
Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Israel
  • Egypt
  • Rest of MEA

Competitive Landscape

The key players in the global orthopedic implants market are constantly implementing strategies to strengthen their positions, as they invest significantly in R&D, developing innovative products with advanced materials &designs. Further, these companies expand their product portfolio through acquisitions & partnerships, providing a comprehensive range of implants for joint replacements, spine, trauma, & dental applications. In addition, they aim for global expansion, adapting products for specific regions, & collaborating with healthcare institutions and surgeons for market insights & personalized solutions.

In February 2022, the Johnson & Johnson Medical Devices Companies reported that DePuy Synthes acquired CrossRoads Extremity Systems, a foot & ankle company from Tennessee, which specializes in providing a diverse range of procedure-specific, sterile-packed implants & instrumentation systems approved for lower extremity applications, enhancing DePuy Synthes' portfolio in the orthopedic medical devices sector.

Some of the prominent players in the global Orthopedic Implants Market are:
  • Stryker
  • Zimmer Biomet
  • Smith & Nephew
  • Arthrex Inc
  • Johnson & Johnson
  • Medtronic
  • Narang Medical Ltd
  • Auxein Medical
  • Globus Medical Inc
  • NuVasive
  • Other Key Players

COVID-19 Pandemic & Recession: Impact on the Global Orthopedic Implants Market:

The COVID-19 pandemic & the following economic recession have significantly affected the global orthopedic implants market, as the healthcare industry faced interruptions due to lockdowns & strained medical resources, impacting elective orthopedic procedures. Further, some patients delayed non-urgent surgeries, causing a decline in orthopedic implant demand. In addition, economic uncertainties led to lower healthcare spending by individuals & institutions. 

Supply chain disruptions & manufacturing challenges further restrained the production & distribution of orthopedic implants. As the world looks through the pandemic & economic recovery, the orthopedic implants market is steadily rebounding. However, the overall impact has highlighted vulnerabilities in the healthcare system & showcases the need for resilience & adaptability in the medical device industry.

Recent Developments

  • In March 2023, Zimmer Biomet Holdings, Inc., a key global medical technology company, unveiled its plans to introduce advanced features to ZBEdge Dynamic Intelligence at the 2023 Annual Meeting of the American Academy of Orthopaedic Surgeons (AAOS) in Las Vegas, which highlights Zimmer Biomet's commitment to developing orthopedic technology & providing innovative solutions in the field of medical devices.
  • In May 2022, CONMED Corp announced an agreement to purchase In2Bones Global, Inc., a privately-held company. In2Bones specializes in developing, producing, & distributing medical devices for addressing disorders & injuries in the upper (hand, wrist, elbow) & lower (foot and ankle) extremities. Further, the product range includes implants, fracture systems, biologics, & associated hardware, enhancing the company's offerings in orthopedic solutions.
  • In February 2022, Stryker reported that it completed its acquisition of Vocera Communications, Inc., a prominent player in digital care coordination & communication, which highlights the company's commitment to advancing healthcare technology, focusing on enhancing coordination & communication within the healthcare ecosystem.

Report Details

                                   Report Characteristics
Market Size (2023) USD 52.7 Bn
Forecast Value (2032) USD 77.4 Bn
CAGR (2023-2032) 4.4%
Historical Data 2017 - 2022
Forecast Data 2023 - 2032
Base Year 2022
Estimate Year 2023
Report Coverage Market Revenue Estimation, Market Dynamics, Competitive Landscape, Growth Factors and etc.
Segments Covered By Product (Reconstructive Joint Replacements, Spinal Implants, Dental Implants, Trauma, Orthobiologics, and Others), By Type (Wrist & Shoulder, Dental, Knee, Hip, Spine, and Ankle), By End User (Hospitals and Outpatient Facilities)
Regional Coverage North America – The US and Canada; Europe – Germany, The UK, France, Russia, Spain, Italy, Benelux, Nordic, & Rest of Europe; Asia- Pacific– China, Japan, South Korea, India, ANZ, ASEAN, Rest of APAC; Latin America – Brazil, Mexico, Argentina, Colombia, Rest of Latin America; Middle East & Africa – Saudi Arabia, UAE, South Africa, Turkey, Egypt, Israel, & Rest of MEA
Prominent Players Stryker, Zimmer Biomet, Smith & Nephew, Arthrex Inc, Johnson & Johnson, Medtronic, Narang Medical Ltd, Auxein Medical, Globus Medical Inc., NuVasive, and Other Key Players
Purchase Options We have three licenses to opt for: Single User License (Limited to 1 user), Multi-User License (Up to 5 Users), and Corporate Use License (Unlimited User) along with free report customization equivalent to 0 analyst working days, 3 analysts working days and 5 analysts working days respectively.

 

Frequently Asked Questions

  • How big is the Global Orthopedic Implants Market?

    The Global Orthopedic Implants Market size is estimated to have a value of USD 52.7 billion in 2023 and is expected to reach USD 77.4 billion by the end of 2032.

  • Which region accounted for the largest Global Orthopedic Implants Market?

    North America has the largest market share for the Global Orthopedic Implants Market with a share of about 44.3% in 2023.

  • Who are the key players in the Global Orthopedic Implants Market?

    Some of the major key players in the Global Orthopedic Implants Market are Stryker, Zimmer Biomet, Smith & Nephew, and many others.

  • What is the growth rate in the Global Orthopedic Implants Market?

    The market is growing at a CAGR of 4.4 percent over the forecasted period.

  • Contents

      1.Introduction
        1.1.Objectives of the Study
        1.2.Market Scope
        1.3.Market Definition and Scope
      2.Orthopedic Implants Market Market Overview
        2.1.Global Orthopedic Implants Market Market Overview by Type
        2.2.Global Orthopedic Implants Market Market Overview by Application
      3.Orthopedic Implants Market Market Dynamics, Opportunity, Regulations, and Trends Analysis
        3.1.Market Dynamics
          3.1.1.Orthopedic Implants Market Market Drivers
          3.1.2.Orthopedic Implants Market Market Opportunities
          3.1.3.Orthopedic Implants Market Market Restraints
          3.1.4.Orthopedic Implants Market Market Challenges
        3.2.Emerging Trend/Technology
        3.3.PESTLE Analysis
        3.4.PORTER'S Five Forces Analysis
        3.5.Technology Roadmap
        3.6.Opportunity Map Analysis
        3.7.Case Studies
        3.8.Opportunity Orbits
        3.9.Pricing Analysis
        3.10.Ecosystem Analysis
        3.11.Supply/Value Chain Analysis
        3.12.Covid-19 & Recession Impact Analysis
        3.13.Product/Brand Comparison
      4.Global Orthopedic Implants Market Market Value ((US$ Mn)), Share (%), and Growth Rate (%) Comparison by By Product, 2017-2032
        4.1.Global Orthopedic Implants Market Market Analysis by By Product: Introduction
        4.2.Market Size and Forecast by Region
        4.3.Reconstructive Joint Replacements
        4.4.Spinal Implants
        4.5.Dental Implants
        4.6.Trauma
        4.7.Orthobiologics
        4.8.Others
      5.Global Orthopedic Implants Market Market Value ((US$ Mn)), Share (%), and Growth Rate (%) Comparison by By Type, 2017-2032
        5.1.Global Orthopedic Implants Market Market Analysis by By Type: Introduction
        5.2.Market Size and Forecast by Region
        5.3.Wrist & Shoulder
        5.4.Dental
        5.5.Knee
        5.6.Hip
        5.7.Spine
        5.8.Ankle
      6.Global Orthopedic Implants Market Market Value ((US$ Mn)), Share (%), and Growth Rate (%) Comparison by By End User, 2017-2032
        6.1.Global Orthopedic Implants Market Market Analysis by By End User: Introduction
        6.2.Market Size and Forecast by Region
        6.3.Hospitals
        6.4.Outpatient Facilities
      10.Global Orthopedic Implants Market Market Value ((US$ Mn)), Share (%), and Growth Rate (%) Comparison by Region, 2017-2032
        10.1.North America
          10.1.1.North America Orthopedic Implants Market Market: Regional Analysis, 2017-2032
            10.1.1.1.The US
            10.1.1.2.Canada
        10.2.1.Europe
          10.2.1.Europe Orthopedic Implants Market Market: Regional Trend Analysis
            10.2.1.1.Germany
            10.2.1.2.France
            10.2.1.3.UK
            10.2.1.4.Russia
            10.2.1.5.Italy
            10.2.1.6.Spain
            10.2.1.7.Nordic
            10.2.1.8.Benelux
            10.2.1.9.Rest of Europe
        10.3.Asia-Pacific
          10.3.1.Asia-Pacific Orthopedic Implants Market Market: Regional Analysis, 2017-2032
            10.3.1.1.China
            10.3.1.2.Japan
            10.3.1.3.South Korea
            10.3.1.4.India
            10.3.1.5.ANZ
            10.3.1.6.ASEAN
            10.3.1.7.Rest of Asia-Pacifc
        10.4.Latin America
          10.4.1.Latin America Orthopedic Implants Market Market: Regional Analysis, 2017-2032
            10.4.1.1.Brazil
            10.4.1.2.Mexico
            10.4.1.3.Argentina
            10.4.1.4.Colombia
            10.4.1.5.Rest of Latin America
        10.5.Middle East and Africa
          10.5.1.Middle East and Africa Orthopedic Implants Market Market: Regional Analysis, 2017-2032
            10.5.1.1.Saudi Arabia
            10.5.1.2.UAE
            10.5.1.3.South Africa
            10.5.1.4.Israel
            10.5.1.5.Egypt
            10.5.1.6.Turkey
            10.5.1.7.Rest of MEA
      11.Global Orthopedic Implants Market Market Company Evaluation Matrix, Competitive Landscape, Market Share Analysis, and Company Profiles
        11.1.Market Share Analysis
        11.2.Company Profiles
        11.3.Stryker
          11.3.1.Company Overview
          11.3.2.Financial Highlights
          11.3.3.Product Portfolio
          11.3.4.SWOT Analysis
          11.3.5.Key Strategies and Developments
        11.4.Zimmer Biomet
          11.4.1.Company Overview
          11.4.2.Financial Highlights
          11.4.3.Product Portfolio
          11.4.4.SWOT Analysis
          11.4.5.Key Strategies and Developments
        11.5.Smith & Nephew
          11.5.1.Company Overview
          11.5.2.Financial Highlights
          11.5.3.Product Portfolio
          11.5.4.SWOT Analysis
          11.5.5.Key Strategies and Developments
        11.6.Arthrex Inc
          11.6.1.Company Overview
          11.6.2.Financial Highlights
          11.6.3.Product Portfolio
          11.6.4.SWOT Analysis
          11.6.5.Key Strategies and Developments
        11.7.Johnson & Johnson
          11.7.1.Company Overview
          11.7.2.Financial Highlights
          11.7.3.Product Portfolio
          11.7.4.SWOT Analysis
          11.7.5.Key Strategies and Developments
        11.8.Medtronic
          11.8.1.Company Overview
          11.8.2.Financial Highlights
          11.8.3.Product Portfolio
          11.8.4.SWOT Analysis
          11.8.5.Key Strategies and Developments
        11.9.Narang Medical Ltd
          11.9.1.Company Overview
          11.9.2.Financial Highlights
          11.9.3.Product Portfolio
          11.9.4.SWOT Analysis
          11.9.5.Key Strategies and Developments
        11.10.Auxein Medical
          11.10.1.Company Overview
          11.10.2.Financial Highlights
          11.10.3.Product Portfolio
          11.10.4.SWOT Analysis
          11.10.5.Key Strategies and Developments
        11.11.Globus Medical Inc
          11.11.1.Company Overview
          11.11.2.Financial Highlights
          11.11.3.Product Portfolio
          11.11.4.SWOT Analysis
          11.11.5.Key Strategies and Developments
        11.12.NuVasive
          11.12.1.Company Overview
          11.12.2.Financial Highlights
          11.12.3.Product Portfolio
          11.12.4.SWOT Analysis
          11.12.5.Key Strategies and Developments
        11.13.Other Key Players
          11.13.1.Company Overview
          11.13.2.Financial Highlights
          11.13.3.Product Portfolio
          11.13.4.SWOT Analysis
          11.13.5.Key Strategies and Developments
      12.Assumptions and Acronyms
      13.Research Methodology
      14.Contact
    If your country is missing in the list, we apologize that we still do not serve in your country.

    Your personal details are safe and secured with us.

    If your country is missing in the list, we apologize that we still do not serve in your country.

    Your personal details are safe and secured with us.

    Select License Type


    • RC-617

    • December-2023
      • ★★★★★
        ★★★★★
      • 67
    • $3190
    • $4590
    • $5690
    Download Free Brochure Customization Request Buy Country Level Reports Request Discount
    Chat on WhatsApp

    Get in Touch with Us

      USA Flag
    • UNITED STATES
      Phone: +1 732 369 9777
      India Flag
    • India
      Phone: +91 882 677 4855

    Recent Report

    • Compression Therapy Market
    • Pharma Quality Assurance Services Market
    • Pharmaceutical Drug Delivery Market
    • Cellulose Insulation Market
    • Remote Patient Monitoring Market
    • Molecular Diagnostics Market
    • Dental Consumables Market
    • Radioimmunoassay Market
    • Home Healthcare Services Market
    • Varicose Vein Treatment Market
    Secured Payment Options
      /images/payment.png
    Legal
    • Privacy Policy
    • Refund Policy
    • Frequently Asked Questions
    • Terms and Conditions
    Explore Company
    • About Us
    • Contact Us
    • Trending Reports
    • Latest Reports
    • All Industries
    • How to Order
    Contact Detail
    • 957 Route 33, Suite 12 #308
            Hamilton Square, NJ-08690 USA
    • +1 (123) 456 4562 (International)
    • +1 (609) 857 6083 (International)
    • +91 882 677 4855 (Asia)
    • sales@dimensionmarketresearch.com
    Copyright Market Research. ©2025 All rights reserved