Orthopedic Prosthetic Implants Global Strategic Business Report 2024: Market to Reach $28.5 Billion by 2030 - Advanced Materials Spearheading Growth, Newer Technologies Find Increasing Acceptance


Dublin, May 20, 2024 (GLOBE NEWSWIRE) -- The "Orthopedic Prosthetic Implants - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Orthopedic Prosthetic Implants Market to Reach $28.5 Billion by 2030

The global market for Orthopedic Prosthetic Implants estimated at US$21.1 Billion in the year 2023, is projected to reach a revised size of US$28.5 Billion by 2030, growing at a CAGR of 4.4% over the analysis period 2023-2030. Knee Prosthesis, one of the segments analyzed in the report, is expected to record a 4.6% CAGR and reach US$14.9 Billion by the end of the analysis period. Growth in the Hip Prosthesis segment is estimated at 3.9% CAGR for the next 7-year period.



The U.S. Market is Estimated at $5.6 Billion, While China is Forecast to Grow at 6.5% CAGR

The Orthopedic Prosthetic Implants market in the U.S. is estimated at US$5.6 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$6 Billion by the year 2030 trailing a CAGR of 6.5% over the analysis period 2023 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 3.6% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.8 Billion by the year 2030.

Key Attributes:

Report AttributeDetails
No. of Pages198
Forecast Period2023 - 2030
Estimated Market Value (USD) in 2023$21.1 Billion
Forecasted Market Value (USD) by 2030$28.5 Billion
Compound Annual Growth Rate4.4%



MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Orthopedic Prosthetic Implants: Reconstructive Devices for the Joint Pain Epidemiology
  • Recent Market Activity
  • Growth Drivers in a Nutshell
  • Key Market Growth Inhibitors
  • Rising Prevalence of Osteoporosis, Arthritis and Other Orthopedic Disorders: Foundation for Market Growth
  • Osteoporosis and Other Bone Related Health Concerns: Fast Facts
  • Global Market Outlook
  • Developed Markets: Traditional Revenue Contributors
  • Asia-Pacific Continues to Drive Current and Future Market Growth
  • Knee Prosthesis Garners a Larger Pie in the Global Orthopedic Implants Market
  • Shoulder Prosthesis: The Fastest Growing Product Segment
  • Hip Prosthesis to Register Moderate Growth
  • Positive Outlook for the Healthcare Industry Signals Promising Growth in Demand
  • Orthopedic Prosthetic Implants - Global Key Competitors Percentage Market Share in 2024 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
  • Global Economic Update

MARKET TRENDS & DRIVERS

  • Aging Population and their Vulnerability to Various Bone and Joint Related Diseases and Disorders Drive Healthy Market Growth
  • Demographic Statistics of Aging Populace: Unfurling the Market Potential
  • Advanced Materials & Technologies: Spearheading Growth
  • Newer Technologies Find Increasing Acceptance
  • Myriad Benefits of Minimally Invasive Techniques for Joint Replacements Drive Market Adoption
  • Growing Prominence of Trabecular Metal Technology Benefit Market Prospects
  • Trend towards Higher-Priced Implants Augurs Well for Market Expansion
  • Robotic-Assisted Surgery Facilitate Easier and Safe Hip and Knee Replacements
  • Spurt in Medical Tourism Offers Lucrative Market Growth Opportunities
  • Increasing Cases of Trauma Underpins Market Growth
  • Risks of Total Hip Replacement on a Decline
  • Osteoporosis & Arthritis Risk among the Expanding Diabetics Population Lends Traction to Market Growth
  • Rise in Global Obesity Epidemic Boosts Market Growth
  • Facts & Statistics on the Rising Obesity Levels: Important Opportunity Indicators
  • Growing Number of Revision Orthopedic Surgeries
  • Cost Containment Issues
  • Rising Production Cost: A Key Challenge
  • Developing Countries Offer Significant Growth Opportunities
  • China and India Turbo Charge Future Market Growth
  • Rural Populations in Low-Income & Developing Countries: Huge Untapped Market Potential
  • Steadily Increasing Healthcare Spending in Developing Countries: Opportunities in Store
  • Favorable Demographic & Economic Trends Strengthen Market Prospects
  • Longer Life Expectancy
  • Burgeoning Middle Class
  • Rising Disposable Incomes
  • Advancements in Stemless Shoulder Arthroplasty
  • OrthAlign Develops OrthAlign Plus for Direct Anterior THR
  • Cytex Therapeutics Grows Cartilage in Lab for Arthritis Patients
  • Novel Implant Designs for Ankle Replacement Surgeries
  • PEEK Polymer: A Major Material Advancement in Implants
  • Reliable Surfaces for Load Bearing: Need of the Hour for Joint Replacement Surgeries
  • 3D Printing in Orthopedics
  • Novel Techniques for Improving Outcomes of Hip Replacement Surgeries
  • Advancements in Total Hip Replacements
  • Anterior Approach
  • Liner Advancements for Longer-lasting Replacements
  • Tracing History of Hip Replacement Advancements
  • Minimally Invasive Hip Replacement Surgery

FOCUS ON SELECT PLAYERS (Total 52 Featured)

  • Amplitude Surgical (France)
  • B. Braun Melsungen AG (Germany)
  • Aesculap Implant Systems, LLC (USA)
  • Baumer S.A. (Brazil)
  • ConforMIS, Inc. (USA)
  • Corin Group PLC (UK)
  • DePuy Synthes Companies (USA)
  • DJO Global, Inc. (USA)
  • Exactech, Inc. (USA)
  • Extremity Medical, LLC (USA)
  • Integra LifeSciences Corporation (USA)
  • Medacta International (Switzerland)
  • Smith & Nephew Plc (UK)
  • Stryker Corporation (USA)
  • Waldemar Link GmbH & Co. KG (Germany)
  • Wright Medical Group N.V. (Netherlands)
  • Zimmer Biomet Holdings, Inc. (USA)

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

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