Latest News - Orthopedic Implants Market: Joint reconstruction is expected to lead the Product segment during 2025-2029

The Orthopedic Implants Market is being driven by High prevalence of osteoporosis

The Orthopedic Implants Market is expected to grow at a CAGR of 5.8% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 13375.4 million. In the orthopedic implants market, strategic alliances serve as a cost-effective avenue for medical equipment manufacturers to expand their reach and product offerings. By entering into collaborations for product development and commercialization, companies can benefit from cost savings, expanded product lines, and increased geographical presence. One notable example is Stryker's acquisition of SERF SAS in March 2024, a France-based firm specializing in joint replacement solutions. This strategic move strengthens Stryker's European presence and broadens its implant product line, positioning the company for continued growth in the global healthcare equipment market. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Joint reconstruction
  • Spinal
  • Craniomaxillofacial
• End-user
  • Hospitals
  • Orthopedic clinics
  • Others
• Device
  • Internal
  • External
• Type
  • Open surgery
  • Minimally invasive surgery
  • Others
• Geography
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • Italy
    • UK
  • Asia
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• High prevalence of osteoporosis
• Increasing incidence of knee injuries
• Lucrative opportunities in emerging economies

However, the market also witnesses some limitations, which are as follows:

• High costs associated with orthopedic implants and procedures
• Frequent product recalls
• Stringent regulations associated with orthopedic implants

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Market Scope in Orthopedic Implants Market Research Report

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Research Analysis Overview

The Orthopedic Implants Market encompasses innovative technologies such as bioresorbable implants and smart implants, driven by advancements in biomaterials science, tissue engineering, and surface modification. Integration of AI, machine learning, big data analytics, and remote patient monitoring enhances functional recovery, pain management, and patient empowerment. Implant design optimization, computational modeling, and finite element analysis ensure quality of life and clinical outcomes. Value-based care, health economics, and supply chain management are crucial aspects, along with ethical considerations, sterilization techniques, packaging and labeling, distribution channels, marketing, patient advocacy, and regulatory compliance.

Market Research Overview

The Orthopedic Implants Market, a significant segment of the global healthcare equipment industry, encompasses joint replacement implants such as hip, knee, and spinal, as well as dental implants. According to Technavio, this market is a key component of the larger global healthcare equipment market, which consists of manufacturers involved in the R&D of capital equipment, instruments, implants, accessories, and consumables for disease diagnosis, monitoring, and treatment. The healthcare equipment market's size is determined by the combined revenue generated by these manufacturers across various therapy areas. The Orthopedic Implants Market sub-segment includes advanced, differentiated, and clinically tested implant devices. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/