The global orthopedic implants market size was valued at USD 41.20 billion in 2021 and is projected to grow from USD 43.14 billion in 2022 to USD 60.90 billion by 2029, exhibiting a CAGR of 5.0% during the forecast period. 

The Orthopedic Implants Market research report for 2029 highlights the important market trends in the industry. In addition to looking at entry barriers, sales channels, distributors, and Porter's Five Forces Analysis, this market analysis also looks at market size, market share, growth rate, future trends, market drivers, opportunities, challenges, and risks. The research shows changes in CAGR figures over the market's projection period. The leading brands or companies are generally accountable for the modifications in the market landscape through their innovations, product launches, joint ventures, mergers, and acquisitions, which modify the perception of the industry's global face.

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This Orthopedic Implants Market Report provides its clients with authentic data that aids in making important decisions by providing a market outlook. This report also keeps track of all recent market advancements and innovations. It provides information on the challenges faced when starting a business and offers advice on how to deal with impending difficulties.

Major Market Players Profiled in the Report include:

  • Zimmer Biomet
  • Medtronic
  • DePuy Synthes Companies (Johnson & Johnson Services, Inc.)
  • Smith & Nephew
  • Stryker
  • ArthroCare Corporation
  • BioTek Instruments, Inc.
  • CONMED Corporation
  • Integra LifeSciences Corporation
  • Other Prominent Players

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Market Drivers:

Orthopedic diseases are on the rise, and the ageing population will increase.

The growing elderly population and their higher risk of bone fractures from fragility and other bone conditions are expected to result in an increase in orthopedic procedures during the study period. Demand for these devices is anticipated to be driven by the rising number of orthopedic procedures and various government initiatives to enable patient reimbursements. Orthopedics implants can, however, result in post-operative complications like implant rejection, septic arthritis, osteomyelitis brought on by the bacteria Staphylococcus, and allergies brought on by metallic deterioration, according to numerous studies. These side effects are known to put patients at risk for health problems, which could have a detrimental effect on the market growth for orthopedic implants.

Segments:

Joint Reconstruction Segment to Hold a Dominant Share by Product

The largest portion of the global market was occupied by the joint reconstruction category. The demand for these products is soaring due to the rising number of osteoarthritis patients and the ageing population. Knee, hip, and extremities joint reconstruction are further divided into categories. The growth of the segment is anticipated to be aided by the rising number of hip and knee operations carried out globally.

Report Coverage

The market is thoroughly examined in the research report. It focuses on significant elements like top businesses, products, and end users. In addition, it highlights significant industry developments and offers insights into general market trends. The report also lists a number of additional factors that have helped the market grow in addition to those already mentioned.

Regional Analysis:

  • North America (United States, Canada and Mexico)
  • Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
  • Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
  • South America (Brazil, Argentina, Colombia, and Rest of South America)
  • Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

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Questions Answered in the Orthopedic Implants Market Research Report

  1. Which are the leading players active in the Orthopedic Implants Market size?
  2. What are the detailed impacts of COVID-19 on the market?
  3. What current trends will influence the market in the next few years?
  4. What are the driving factors, restraints, and opportunities in the market?
  5. What future projections would help in taking further strategic steps?

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