The global orthopedic implants market is anticipated to grow at a considerable CAGR of 5.0% during the forecast period. The growth of the orthopedic implants market is attributed to the rise in the number of multispecialty hospitals. These multispecialty hospitals have diagnostic clinical facilities, tests, or therapeutic procedures required for the detection, identification, and treatment of disease. The growth of the hospitals is attributed to rising investment in healthcare infrastructure from private players and the government. For instance, in the US, the expenditure on health care as a percentage of GDP in 2020 reached 18.7%, as compared to 16.7% in 2019 and 16.6% in 2018.
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Additionally, the health expenditure in the UK’s share of gross domestic product increased to 12% of GDP in 2020 as compared to 9.9% in 2019 and 9.7% in 2018. The growth of the orthopedics market for hospitals is also attributed to the growing adoption of technologically advanced equipment and the expansion of hospital chains. For instance, in September 2021, Shalby Hospitals launched a dedicated orthopedic center in Udaipur. This is Shalby’s first orthopedic specialty franchise hospital in India, which offers OPD as well as IPD services to patients in and around Udaipur. SOCE (Shalby Orthopedics Centre of Excellence) Udaipur provides a full-service, walk-in orthopedic center for all orthopedic disorders, accidents and trauma, as well as sports injuries, under one roof. It provides a wide range of orthopedic services, including joint replacement surgeries, and is equipped with an operation theatre, ICU, and an emergency department.
Market Coverage
- The market number available for – 2023-2030
- Base year- 2022
- Forecast period- 2023-2030
- Segment Covered-
o By Product Type
o By Biomaterial
o By Type
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Includes India Medtronic Pvt. Ltd., Medical Devices Business Services, Inc., Smith & Nephew plc, Stryker, and Zimmer Biomet, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Orthopedic Implants Market Report by Segment
By Product Type
- Reconstructive Joint Replacements
- Spinal Implants
- Dental Implants
- Trauma
- Orthobiologics
- Others (Specific Orthopedic Conditions)
By Biomaterial
- Metallic Biomaterials
- Ceramic Biomaterials
- Polymeric Biomaterials
- Others (Composite Materials)
By Type
- Knee
- Hip
- Wrist and Shoulder
- Dental
- Spine
- Others (Specific Joints or Emerging Implant Types)
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Global Orthopedic Implants are Market Report Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- aap Implants, Inc.
- Acumed LLC
- Arthrex GmbH
- CONMED Corp.
- DJO Global
- Exactech, Inc.
- FH Orthopedics
- Globus Medical
- Groupe Lépine
- Japan MDM, Inc.
- Lima Corp.
- MatOrtho Ltd.
Reasons to Buying From us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
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