According to the report published by Allied Market Research, The global Orthopedic Implants Market Size was valued at USD 45.05 billion in 2020 and is expected to Garner USD 68.80 billion by 2030, growing at a CAGR of 4.7% from 2021 to 2030.
The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.
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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Top Orthopedic Implants Companies:-
- 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 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 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.
By Region Outlook
North America
- U.S.
- Canada
- Mexico
Europe
- UK
- Germany
- France
- Italy
- Russia
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- Rest of Asia-Pacific
LAMEA
- Brazil
- UAE
- Turkey
- Saudi Arabia
- Rest of LAMEA
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