An analysis of the medical devices and consumable sector by Research Reports World shows a promising future for the orthopedic implant material market worldwide from 2024 to 2032.
The Orthopedic Implants Market was worth USD 48 billion in 2023. By 2033, it will be worth USD 78 billion more. The average compound annual growth rate (CAGR) for it between 2024 and 2033 is 4.9%.
Orthopedic implants are medical devices that are used to repair or support bones and joints that are broken or sick.
When orthopedic surgeons treat diseases like joint replacements, injuries, spinal problems, bone defects, and more, they often use these tools. The most common materials used to make these implants are titanium, stainless steel, cobalt-chromium metals, ceramics, and plastics.
For example, total hip replacement, total knee replacement, and total shoulder replacement are all common treatments that use different types of prosthetic implants. These implants place counterfeit parts on broken joint surfaces to fix them.
This eases pain and makes the joint work better.
It is also very important to use orthopedic devices to treat bone growth. Growing numbers of older people and more people with bone and joint diseases are two main things that are driving the demand for orthopedic implants. Also, improvements in technology and the supply of more advanced hip implants will continue to help the market grow over the next few years.
The Most Important Takeaways
- According to estimates, the global market for orthopedic implants was worth 48 billion US dollars in the year 2023.
- According to projections, the industry will expand by around 78 billion US dollars in the year 2033.
- Between the years 2023 and 2032, the market is expanding at a compound annual growth rate of 4.9%.
- There will be one-sixth of the world’s population that is over the age of 65 by the year 2050.
- By the year 2050, at least 40% of the population in both Northern America and Europe may be over the age of 65.
- By the year 2022, musculoskeletal diseases had an impact on around 1.71 billion people all over the world.
- Musculoskeletal illnesses affect more than 20 million individuals in the United Kingdom.
- Orthopedic surgery in the United States had a drop of 68.4% as a direct result of the first wave of the COVID-19 epidemic.
- In the Orthopedic Implants Market in 2023, knee implants had a revenue share of 38.8% across all products.
- In the year 2023, metallic implants accounted for 57.6% of the total income.
- With a revenue share of 62.9%, hospitals and clinics were among the most dominant players in the industry.
- North America accounts for 52 % of the total share of the market for orthopedic implants.
- Regarding the Orthopedic Implants Market, knee implants are now seeing the biggest demand.
- Because there are just a few large market participants in the orthopedic implants industry, the level of competition in this market is intermediate.
- There will be significant collaborations, investments in technology, and the introduction of new goods that will all contribute to the expansion of the industry in the years to come.
This report covers the Orthopedic Implant Material Market and contains profiles of the top businesses in it:
- Johnson & Johnson
- Stryker
- Medtronic
- Zimmer Biomet
- Kinetic
- Wego Group
- ChunLi
- Smith & Nephew
- NuVasive
- Uteshiya Medicare
- Wright Medical Group
- Globus Medical
- Orthofix International
Orthopedic Implants Industry Segmentation
In their study on the worldwide orthopedic implants market, IMARC Group delves into the latest trends in each category and offers predictions on a national, regional, and international scale from 2024 to 2032. To organize the market, our study uses product, type, biomaterial, and end-user to do so.
Breakdown by Product:
- Reconstructive replacement of joints
- Implants for Knee Replacement
- Implants for replacing hips
- Extremities
- Spinal Implants
- Spinal Fusion Implants
- Devices for Vertebral Compression Fracture (VCF)
- Non-Fusion and Motion Preservation Devices
- Dental Implants
- Dental implants with a root form
- Plate Form Dental Implants
- Trauma
- Orthobiologics
- Demineralized Bone Matrix (DBM)
- BMP stands for allograft bone morphogenetic protein.
- Products for Viscosupplementation
- Synthetic Bone Replaces
- Others
Reconstructive joint replacements dominate the market.
The research thoroughly breaks down the market by product. This includes reconstructive joint replacements (knee, hip, and extremities), spinal implants (spinal fusion, vertebral compression fracture (VCF), and motion preservation/non-fusion devices), dental implants (root and plate form), trauma, orthobiologics (DFM, allograft, BMP, viscosupplementation products, synthetic bone substitutes), and The survey found reconstructive joint replacements to be the biggest sector.
Based on joint type, material, and fixation method, the orthopedic implants market for reconstructive joint replacements is divided.
The main product categories are
Knee
Shoulder
Wrist
Elbow replacements
Due to the prevalence of osteoarthritis and degenerative joint conditions, hip and knee replacements are the most important. Market segments include metal alloys (such as stainless steel and cobalt-chromium), ceramics, and polymers.
Each material has pros and cons, and preferences depend on patient demands and clinical conditions. The market for fixation methods includes cemented, cementless, and hybrid. Traditional cemented replacements provide instant fixation.
Type-wise breakdown:
Body parts
- Knee
- Hip
- Wrist
- Shoulder
- Dental
- Spine
- Ankle
- Others.
Breakup by Material
Metal implants dominate.
The majority of patients choose metallic implants. The metal segment had 57.6% of Orthopedic Implants Market revenue in 2023. Metallic implants are popular because of their price, lesser corrosiveness, and robust fracture support.
During the forecast period, ceramic implants should expand rapidly. Metal-allergic individuals may utilize these implants in many dental treatments. Technological advances in dentistry should boost the demand for ceramic orthopedic implants.
- Metallic Biomaterials
- Stainless Steel
- Titanium alloy
- Cobalt alloy
- Others
- Ceramic Biomaterials
- Polymers Biomaterials
- Others
End-User
Hospitals and clinics dominate.
Medical centers dominate the market. Hospitals and clinics would hold 62.9% of the Orthopedic Implants Market throughout the projected period. Hospital demand for orthopedic implants is expanding due to musculoskeletal problems, driving sector expansion.
The industry will also benefit from rising healthcare spending and hospital reimbursements in emerging countries.
During the forecast period, orthopedic clinics should increase rapidly. The orthopedic clinic’s category is growing because of sports injuries, vehicle accidents, and the need for less invasive surgery.
- Hospitals
- Orthopedic Clinics
- Ambulatory Surgical Centers
- Other End-Users
Breakup by Region
- North America
- United States
- Canada
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Opportunities
Opportunities include promoting awareness of bone and musculoskeletal problems via initiatives and campaigns.
Many projects and campaigns promote awareness of bone and musculoskeletal problems. EU-OSHA’s Healthy Workplaces Lighten the Load campaign is one. It educates people about musculoskeletal diseases (MSDs) and their effects on individuals, companies, and society.