Global Orthopedic Medical Implants Market Size Likely to Grow at a CAGR of 4.65% By 2033

As per the current market research conducted by the CMI Team, the global Orthopedic Medical Implants Market size is expected to record a CAGR of 4.65% from 2024 to 2033. In 2023, the market size is projected to reach a valuation of USD 48.62 Billion. By 2033, the valuation is anticipated to reach USD 73.19 Billion.

Orthopedic Medical Implants Market: Growth Factors and Dynamics

The Orthopedic Medical Implants Market presents significant growth opportunities due to several factors:

• Increasing Consumer Demand for Minimally Invasive Treatments: There is a growing preference among patients for minimally invasive medical treatments. Orthopedic implants offer an effective solution for managing conditions like joint degeneration and fractures with less surgical intervention, driving their popularity.

• Rising Prevalence of Orthopedic Disorders: The global rise in orthopedic disorders, including arthritis and osteoporosis, boosts the market for orthopedic implants. This technology provides a therapeutic option for conditions that are often difficult to manage with conventional treatments.

• Technological Advancements: Continuous innovations in orthopedic technology, including the development of biocompatible materials and 3D-printed implants, enhance the performance and user experience of orthopedic implants, attracting both patients and healthcare providers.

• Expansion of Healthcare Infrastructure: The expansion of healthcare infrastructure worldwide drives the demand for advanced therapeutic solutions like orthopedic implants. Hospitals, specialty clinics, and ambulatory surgical centres are increasingly adopting this technology to improve patient outcomes and expand their treatment offerings.

• Growth in Geriatric Population: The increasing trend of an aging population, which is more prone to conditions like osteoporosis and arthritis, propels the market for orthopedic implants. Older adults seek effective and sustainable treatment options to maintain their quality of life, driving demand for these devices.

• Health and Wellness Trends: Growing awareness of health and wellness supports market growth for orthopedic implants that offer improved management of chronic conditions with minimal side effects. Patients are increasingly opting for therapies that enhance their overall well-being and lifestyle.

Orthopedic Medical Implants Market: New Product Launch

• In January 2024, Zeda, Inc., an innovative healthcare solution, announced the acquisition of The Orthopaedic Implant Company (OIC), an orthopaedic implant company recognized as a value-based implant. This strategic acquisition is a significant leap forward for Zeda in strengthening its commitment to revolutionizing the manufacturing and distribution of medical devices globally. OIC’s unparalleled expertise in value-based implants has set industry benchmarks in the US, making it a pioneer in delivering high-quality, cost-effective orthopaedic devices.

• In January 2024, Pacific Research Laboratories, Inc., the parent company of Sawbones and Numalogics Inc., announced the launch of a web application that allows orthopedic implant manufacturers to test devices on industry standard Sawbones bone surrogate (polyurethane foam), completely in a virtual environment. With the new web application, named “ENDPOINT”, engineers can now easily test orthopedic screw designs using the latest computational modelling and simulation techniques and obtain results within days. With this new testing method, device prototyping can be reduced, or even eliminated, saving the company time and money.

• In May 2023, Henry Schein, Inc., a provider of healthcare products and services to office-based dental and medical practitioners, announced an agreement to acquire S.I.N. Implant System, one of Brazil’s leading manufacturers of dental implants, pending regulatory approval. With 2022 sales of approximately $61 million, S.I.N. is a growing provider of dental implants in Brazil. Henry Schein has served dental practitioners in Brazil since 2014, and the acquisition of S.I.N. will mark the Company’s entry into Brazil’s dental implant market.

Report Scope

Orthopedic Medical Implants Market: COVID-19 Analysis

The COVID-19 pandemic has significantly impacted the Orthopedic Medical Implants Market, with the industry experiencing both positive and negative effects. Here are some of the key impacts:

• Disruption in International Trade and Businesses: The pandemic disrupted international trade and business operations, significantly affecting the orthopedic medical implants market. Restrictions on the transit of people and goods led to supply chain disruptions and manufacturing process interruptions, impacting the production and distribution of orthopedic implants and related technologies.

• Demand Fluctuations: The pandemic led to disruptions in various healthcare sectors, including elective surgeries, which are major consumers of orthopedic medical implants. Lockdown measures, supply chain disruptions, and reduced hospital admissions for non-emergency procedures resulted in a slowdown in surgical activities. Many ongoing and planned orthopedic surgeries were delayed or canceled due to uncertainties surrounding the pandemic, leading to reduced demand for implants and related products.

• Regulatory Framework and Market Restraints: The regulatory framework surrounding the use of orthopedic medical implants was influenced by the pandemic, with potential changes in safety standards and regulations affecting market operations. Economic uncertainties resulting from the pandemic posed challenges such as high costs, technical limitations, and a lack of skilled workforce, restraining market growth.

• Operational Challenges: Implementing health and safety protocols in manufacturing facilities added operational challenges and increased production costs. Labor shortages and workforce disruptions, including illness-related absences and quarantine measures, affected production capacities and efficiency in the orthopedic medical implants market.

• Adaptive Strategies and Focus on Innovation: Companies adopted remote work arrangements, digitalized sales and marketing efforts, and diversified supply chain sources to mitigate the pandemic’s impact. Some firms directed efforts towards innovating orthopedic implants, integrating advanced features like biocompatible materials, smart implant technologies, and personalized treatment solutions to cater to evolving patient needs.

• Technological Advancements: Ongoing advancements in orthopedic medical implants, such as improved implant materials, AI-based surgical planning systems, and enhanced post-operative care technologies, are opening doors to new applications and expanding the market potential for orthopedic solutions. These innovations aim to improve patient outcomes and surgical efficiency.

• Automation Push: The pandemic highlighted the importance of automation in manufacturing and healthcare environments to minimize reliance on human labor. This led to an increased demand for automated production processes and digital healthcare solutions in the orthopedic medical implants sector, such as robotic-assisted surgeries and telehealth consultations.

• Focus on Sustainability: The market is also seeing a growing emphasis on sustainability, with manufacturers developing eco-friendly implant models that use sustainable materials and reduce waste. This trend aligns with the increasing awareness and demand for environmentally responsible products, driving the growth of the orthopedic medical implants market.

In conclusion, the COVID-19 pandemic has had a mixed impact on the Orthopedic Medical Implants Market, presenting both challenges and opportunities for the industry.

List of the prominent players in the Orthopedic Medical Implants Market:

• Acumed LLC
• Aesculap Implant Systems
• Arthrex Inc.
• Braun Melsungen AG
• Colfax Corporation (DJO Global)
• Conmed Corporation
• DJO Global Inc.
• Exactech Inc.
• Globus Medical Inc.
• Integra LifeSciences Corporation
• Johnson & Johnson (DePuy Synthes)
• Lima Corporate S.p.A.
• Medtronic plc
• NuVasive Inc.
• Orthofix International N.V.
• Össur
• Smith & Nephew plc
• Stryker Corporation
• Wright Medical Group N.V.
• Zimmer Biomet Holdings Inc.
• Others

The Orthopedic Medical Implants Market is segmented as follows:

By Application

• Joint Reconstruction
• Spinal Implants
• Trauma Implants
• Orthobiologics
• Others

By Product Type

• Metallic Implants
• Ceramic Implants
• Polymer Implants
• Composite Implants

By End-User

• Hospitals
• Ambulatory Surgical Centers
• Specialty Clinics
• Others

Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America