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 Attribute* *Details*
No. of Pages 198
Forecast Period 2023 - 2030
Estimated Market Value (USD) in 2023 $21.1 Billion
Forecasted Market Value (USD) by 2030 $28.5 Billion
Compound Annual Growth Rate 4.4%
*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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· Orthopedic Prosthetic Implants Market
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