According to the report published by Allied Market Research, The global Orthopedic Implants Market Size reached US$ 45.05 billion in 2020 and it is projected to reach US$ 68.80 billion by 2030, exhibiting a CAGR of 4.7% from 2021 to 2030. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.
Surge in prevalence of orthopedic diseases, advancements in the sector of orthopedic implants, and rise in adoption worldwide drive the growth of the global orthopedic implants market. However, high costs associated with orthopedic implant procedures and stringent government approval processes hinder the market growth. On the other hand, untapped potential in emerging countries create new opportunities in the coming years.
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Key Players of Global Orthopedic Implants Market Report–
- Johnson & Johnson (DePuy Synthes)
- Stryker Corporation
- Zimmer Biomet Holdings, Inc.
- NuVasive, Inc.
- Medtronic Plc
- CONMED Corporation
- Smith and Nephew Plc.
- DJO Finance LLC
- Arthrex, Inc.
- Globus Medical Inc.
Global Orthopedic Implants Market Segmentation: –
Based on product, the reconstructive joint replacements segment accounted for the largest share in 2020, holding more than one-third of the total share, and is projected to maintain its lead position during the forecast period. However, the orthobiologics segment is expected to witness the largest CAGR of 6.7% from 2021 to 2030.
Based on type, the knee segment contributed to the highest share in 2020, accounting for nearly one-fourth of the total share of the global orthopedic implants market, and is expected to continue its dominant share during the forecast period. However, the spine segment is estimated to manifest the highest CAGR of 6.3% from 2021 to 2030.
Based on region, North America held the highest share in 2020, contributing to nearly half of the total market share, and is estimated to maintain its leadership status by 2030. However, Asia-Pacific is projected to register the fastest CAGR of 6.1% during the forecast period.
By Region Outlook
- North America
(U.S., Canada, Mexico)
- Europe
(Germany, France, UK, Italy, Spain, Rest of Europe)
- Asia-Pacific
(Japan, China, India, Rest of Asia-Pacific)
- LAMEA
(Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
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Our Market Research Solution Provides You Answer to Below Mentioned Question:
- Which are the driving factors responsible for the growth of market?
- Which are the roadblock factors of this market?
- What are the new opportunities, by which market will grow in coming years?
- What are the trends of this market?
- Which are main factors responsible for new product launch?
- How will each segment grow over the forecast period and how much revenue will these segments account for in 2031?
- How big is the global & regional market in terms of revenue, sales and production?
- Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
- Which region has more opportunities?
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