Orthopedic Prosthetic Implants Global Strategic Business Report 2024: Market expected to reach $28.5 billion by 2030

Orthopedic Prosthetic Implant Market

DUBLIN, May 20, 2024 (Globe Newswire) — The “Orthopedic Prosthetic Implants – Global Strategic Business Report” report has been added. ResearchAndMarkets.com Recruitment.

Global orthopedic prosthetic implant market expected to reach $28.5 billion by 2030

The global market for orthopedic prosthetic implants, estimated at USD 21.1 billion in 2023, is projected to reach a revised size of USD 28.5 billion by 2030, over the analysis period 2023-2030. Growing at a CAGR of 4.4%. Artificial knee joints, one of the segments analyzed in the report, recorded a CAGR of 4.6% and is expected to reach USD 14.9 billion by the end of the analyzed period. The growth of the hip prosthesis segment is estimated at a CAGR of 3.9% over the next seven years.

The US market is estimated at $5.6 billion, while China is expected to grow at a CAGR of 6.5%

The US orthopedic prosthetic implant market is estimated to be USD 5.6 billion in 2023. China, the world's second largest economy, is predicted to have a market size of USD 6 billion by 2030, with a CAGR of 6.5%. The analysis period is from 2023 to 2030.

Other notable geographic markets include Japan and Canada, which are expected to grow by 2.8% and 3.6%, respectively, from 2023 to 2030. Among Europe, Germany is projected to grow at a CAGR of approximately 3.5%. The Asia-Pacific market is expected to reach USD 3.8 billion by 2030, led by countries such as Australia, India, and South Korea.

Key attributes:

Market overview

• Insights into the influencer market

• Global market trajectory

• Orthopedic prosthetic implants: reconstructive devices for the epidemiology of joint pain

• Recent market activity

• Overview of growth drivers

• Main restraints to market growth

• Rising prevalence of osteoporosis, arthritis, and other orthopedic diseases: foundations for market growth

• Osteoporosis and other bone-related health concerns: A quick guide

• Global market outlook

• Developed Markets: Traditional Revenue Contributors

• Asia Pacific will continue to drive current and future market growth

• Artificial knee joints capture a large share of the global orthopedic implant market

• Shoulder prostheses: the fastest growing product segment

• Artificial hip joint that records moderate growth

• Positive outlook for healthcare industry suggests demand growth is expected

• Orthopedic Prosthetic Implants – Market Share Percentage of Global Major Competitors in 2024 (E)

• Competitive Market Presence – Strong/Active/Niche/Mediocre (E) for Players Worldwide in 2024

• Latest information on the world economy

story continues

Market trends and drivers

• Aging population and vulnerability to various diseases and disorders related to bones and joints are driving healthy growth of the market

• Demographics of an aging population: Expanding market potential

• Advanced materials and technology: staying at the forefront of growth

• Increased acceptance of new technologies

• Countless benefits of minimally invasive techniques in joint replacement surgery drive market adoption

• Growing profile of trabecular metal technology benefits market outlook

• Higher price trend for implant augers favoring market expansion

• Robot-assisted surgery facilitates hip and knee replacements easier and safer

• Rapid increase in medical tourism offers lucrative market growth opportunities

• Increase in trauma incidents supports market growth

• Risks of total hip replacement are decreasing

• Rising risk of osteoporosis and arthritis among diabetic patients drives market growth

• Increasing global obesity epidemic drives market growth

• Facts and statistics about rising obesity levels: A key opportunity indicator

• Increased number of revision orthopedic surgeries

• Cost containment issues

• Rising production costs: a major challenge

• Developing countries have huge growth opportunities

• Future market growth is expected with turbocharging in China and India

• Rural populations in low-income and developing countries: huge untapped market potential

• Steady growth in health spending in developing countries: Opportunity on the horizon

• Favorable demographic and economic trends strengthen market outlook

• life expectancy increases

• burgeoning middle class

• Increase in disposable income

• Advances in stemless shoulder arthroplasty

• OrthAlign develops OrthAlign Plus for direct anterior THR

• Cytex Therapeutics grows cartilage in the lab for arthritis patients

• Novel implant design for ankle replacement surgery

• PEEK Polymer: A Major Materials Advancement in Implants

• Reliable surfaces for load bearing: a need in the era of joint replacement surgery

• 3D printing in orthopedics

• New technology to improve hip replacement outcomes

• Advances in total hip replacement

• Forward approach

• Advances in liners have increased replacement life.

• Tracing the history of advances in hip replacement surgery

• Minimally invasive hip replacement

Focus on carefully selected players (52 total)

• Amplitude Surgical (France)

• B. Braun Melsungen AG (Germany)

• Aesculap Implant Systems, LLC (USA)

• Baumer SA (Brazil)

• ConforMIS, Inc. (USA)

• Corin Group PLC (UK)

• DePuy Synth Company (USA)

• DJO Global, Inc. (USA)

• Exactech, Inc. (USA)

• Extremity Medical, LLC (USA)

• Integra Life Sciences Corporation (USA)

• Medacta International (Switzerland)

• Smith & Nephew Plc (UK)

• Stryker (USA)

• Waldemar Link GmbH & Co. KG (Germany)

• Wright Medical Group NV (Netherlands)

• Zimmer Biomet Holdings, Inc. (USA)

For more information about this report, please visit https://www.researchandmarkets.com/r/dh56ng.

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source of international market research reports and market data. We provide the latest data on international and regional markets, key industries, top companies, new products and latest trends.

attachment

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900