Smart Orthopedic Implants Market Size, Trends and Insights By Application (Knee, Hip, Others), By Components (Implants, Electronic Components), By Implants Procedures (Total Replacement, Partial Replacement, Others), By End-User (Hospitals, Others (Research Centers)), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Reports Description
Global Smart Orthopedic Implants Market is projected to experience significant growth from 2024 to 2033, driven by technological advancements and the increasing adoption of smart technologies in orthopedic treatments.
The market is expected to grow at a Compound Annual Growth Rate (CAGR) of approximately 5.10% during the forecast period, with the market size estimated at USD 25.19 Billion in 2024 and anticipated to reach USD 34.89 Billion by 2033.
The growing emphasis on personalized medicine and improved patient outcomes is fueling the growth of the smart orthopedic implants market. Technological advancements in implant technologies, including the integration of sensors, actuators, and communication modules, are enhancing the functionality and effectiveness of orthopedic implants.
Additionally, the increasing prevalence of orthopedic disorders and the rising demand for minimally invasive procedures are driving market expansion. Smart orthopedic implants offer benefits such as real-time monitoring, enhanced precision in surgeries, and improved rehabilitation outcomes, contributing to their growing adoption across different healthcare settings.
The advancement of digital health technologies and the integration of the Internet of Things (IoT) in orthopedic implants are also supporting market growth, providing more comprehensive and data-driven patient care.
Smart Orthopedic Implants Market: Overview
Smart Orthopedic Implants are advanced medical devices designed to support and enhance orthopedic treatments through the integration of smart technologies. These implants are equipped with sensors, actuators, and communication modules that enable real-time monitoring of the implant’s performance and the patient’s condition.
Smart orthopedic implants are used in various orthopedic procedures, including hip, knee, and spine surgeries. They provide benefits such as improved accuracy during surgery, real-time data on implant performance, and enhanced patient rehabilitation.
Examples of smart orthopedic implants include the Stryker Triathlon Total Knee System with SmartLock technology and the Zimmer Biomet Persona Knee System with sensor-enabled features. Compared to conventional orthopedic implants, smart implants offer enhanced functionality through digital connectivity and data analytics, contributing to better clinical outcomes and personalized patient care.
Smart Orthopedic Implants Market: Growth Factors
- Technological Advancements: Innovations in implant technologies, including the integration of sensors, actuators, and communication modules, are enhancing the functionality and appeal of smart orthopedic implants.
- Increasing Prevalence of Orthopedic Disorders: The rising incidence of orthopedic conditions and the need for advanced treatment options are driving the demand for smart orthopedic implants.
- Demand for Personalized Medicine: The growing focus on personalized and precision medicine is fueling the adoption of smart orthopedic implants that offer tailored solutions and improved patient outcomes.
- Minimally Invasive Procedures: The rising preference for minimally invasive surgical techniques is contributing to the market growth, as smart implants support precise and less invasive procedures.
Smart Orthopedic Implants Market: Trends
- Integration with Digital Health Technologies: The integration of smart orthopedic implants with digital health platforms and IoT is gaining traction, allowing for real-time monitoring and data analytics.
- Enhanced Precision and Real-Time Monitoring: Advances in sensor technologies are improving the precision of orthopedic implants and enabling real-time monitoring of implant performance and patient recovery.
- Customization and Modular Designs: There is a trend toward customizable and modular smart orthopedic implants that can be tailored to specific patient needs and surgical requirements.
- Focus on Patient-Centric Solutions: The market is seeing increased emphasis on patient-centric solutions, with smart implants designed to enhance comfort, mobility, and overall quality of life.
- Growing Adoption in Rehabilitation Centers: The use of smart orthopedic implants in rehabilitation centers is increasing, driven by their ability to provide data-driven insights and support effective rehabilitation strategies.
Smart Orthopedic Implants Market: Market Dynamics
The Smart Orthopedic Implants market is characterized by rapid technological advancements and increasing demand for personalized and effective orthopedic solutions. Innovations in implant technologies and the integration of digital health tools are driving market growth.
The ability of smart orthopedic implants to offer real-time monitoring, enhanced precision, and personalized patient care makes them a valuable asset in the orthopedic field. A significant driver of growth in the smart orthopedic implants market is the rising global elderly population.
This demographic shift is leading to a higher incidence of age-related conditions, including osteoarthritis, bursitis, rheumatoid arthritis, and tendinitis, which, in turn, increase the number of amputations. The market’s expansion is further bolstered by the acquisition of niche players and privately developed models.
Additionally, the growing prevalence of co-morbidities such as obesity and diabetes, which heighten the risk of degenerative joint diseases, particularly among the elderly, is fueling demand for these implants. Government initiatives aimed at raising awareness about treatment options for bone injuries, including orthopedic implants, are also contributing to market growth.
The adoption of robotic systems and digital enabling technologies, such as navigation systems, is enhancing the safety of orthopedic procedures, resulting in fewer complications and improved patient outcomes. This trend is expected to significantly drive the research, development, and application of intelligent orthopedic implants.
Industry players are leveraging this momentum by launching new products, integrating advanced technologies, expanding their R&D efforts, and increasing their market presence. For instance, in April 2022, eCential Robotics partnered with Amplitude Surgical to develop a robotic knee surgery solution.
Similarly, in August 2021, Zimmer Biomet’s Persona IQ Smart Knee received the FDA De Novo classification, positioning it as a leading product in the market.
The COVID-19 pandemic caused a decline in demand and sales within the orthopedic implants market, including smart orthopedic implants. Market participants faced several challenges, such as limited access to primary care, movement restrictions, supply chain disruptions, difficulties in conducting clinical trials, and other logistical issues.
However, the most significant impact was the postponement or cancellation of elective surgical procedures. Many countries enforced lockdowns and social distancing measures, and regulatory bodies, along with academic societies, recommended delaying elective surgeries, which adversely affected the market. Looking ahead, the resumption of elective surgeries is expected to drive renewed demand for intelligent orthopedic implants.
Smart Orthopedic Implants Market: Challenges
- High Cost of Technology: The advanced technology integrated into smart orthopedic implants can result in high costs, potentially limiting their adoption among certain patient groups and healthcare facilities.
- Regulatory and Compliance Issues: Ensuring compliance with regulatory standards and obtaining approvals for advanced implant technologies can be challenging and time-consuming.
- Technological Complexity: The complexity of smart orthopedic implants, including the integration of multiple technologies, may present challenges in terms of user training and device management.
- Data Security and Privacy: The collection and transmission of sensitive patient data through smart implants raise concerns about data security and privacy, requiring robust protection measures.
Smart Orthopedic Implants Market: Recent Developments
- In May 2024: Stryker Corporation launched a new line of smart orthopedic implants featuring advanced sensor technology and real-time data analytics, aimed at improving surgical outcomes and patient rehabilitation.
- In July 2024: Zimmer Biomet Holdings, Inc. introduced a next-generation smart knee implant with integrated communication modules for enhanced patient monitoring and personalized treatment.
- In January 2024: Medtronic plc announced the acquisition of a leading smart implant technology company, expanding its portfolio and capabilities in the smart orthopedic implants market.
Smart Orthopedic Implants Market: Recent News
- Smart Orthopedic Implants in 2024: DePuy Synthes (Johnson & Johnson) unveiled a new smart hip implant with advanced real-time monitoring features, designed to support personalized orthopedic care.
- Smart Orthopedic Implants in 2024: Medtronic plc formed a strategic partnership with a digital health company to enhance the connectivity and data capabilities of its smart orthopedic implants, aiming to improve patient outcomes and treatment efficiency.
Smart Orthopedic Implants Market: Segmentation Analysis
By Application Type:
The global market for smart orthopedic implants is categorized by application into knee, hip, and others. In 2021, the knee application segment dominated the global market and is expected to maintain its leadership throughout the forecast period.
This segment accounted for over 47.00 percent of total revenue in 2021. Meanwhile, the hip application segment is projected to experience the highest growth rate during the forecast period, driven primarily by the increasing prevalence of knee and hip disorders.
By Components:
The global market is segmented by components into implants and electronic components. The electronic components segment, which includes software and sensors that add intelligence to implants, is expected to register the highest CAGR of over 6.20 percent during the forecast period.
These components enable remote patient monitoring, and tracking of key post-operative care parameters, and support clinical decision-making. For example, Canary Medical’s Canturio-Te & CHIRP System, integrated into the Persona IQ smart knee, allows patients and doctors to monitor metrics such as walking speed, cadence, step count, and range of motion.
In 2021, the implants segment accounted for the largest share of global revenue, driven by the high cost of implants, product availability, and strategic initiatives by market players. Major multinational companies like Stryker, Zimmer Biomet, DePuy Synthes, MicroPort, B. Braun, and Corin dominate the joint replacement implants market. These companies are employing various strategic initiatives to enhance their market presence and share.
By Procedure:
The global market is segmented by procedures into total replacement, partial replacement, and others. In 2021, the total replacement segment led the market, accounting for over 57.00 percent of total revenue. This segment’s dominant market share is largely due to the rising prevalence of orthopedic conditions, the high volume of joint replacement surgeries performed, and ongoing technological advancements.
For example, Zimmer Biomet’s Persona IQ Smart Knee is specifically recommended for patients undergoing cemented total knee arthroplasty.
Report Scope
| Feature of the Report | Details |
| Market Size in 2024 | USD 25.19 Billion |
| Projected Market Size in 2033 | USD 34.89 Billion |
| Market Size in 2023 | USD 24.22 Billion |
| CAGR Growth Rate | 5.10% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Application, Components, Implants Procedures, End-User and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Smart Orthopedic Implants Market: Regional Analysis
- North America: In 2023, North America led the global market, generating over 45.5% of total revenue. The region’s substantial market share is attributed to the presence of major companies like Zimmer Biomet and the widespread adoption of digital technologies and robotic systems in healthcare. The increasing prevalence of orthopedic disorders is expected to further fuel regional growth in the coming years. According to the Centers for Disease Control and Prevention (CDC), the number of adults in the United States diagnosed with arthritis by a physician is projected to reach 78.4 million by 2040.
- Asia Pacific: The Asia-Pacific market is expected to witness the highest growth rate over the next eight years. This rapid expansion is driven by increased investments from key market players aiming to enhance their regional presence, a rising number of surgical procedures, and significant improvements in the region’s healthcare infrastructure. A study published by the National Library of Medicine reported that in 2017, approximately 147,199 arthroplasties were performed on various joints in Japan, with over 80,000 of these procedures involving the knees and more than 59,000 targeting hip joints.
- Middle East and Africa (MEA): In 2023, the MEA region accounted for a substantial market share, driven by increasing investments in healthcare infrastructure and the growing prevalence of orthopedic conditions. The region’s expanding healthcare sector supports the adoption of smart orthopedic implants.
- Europe: Europe is expected to experience a notable growth rate of 6.5% CAGR in the coming years. The region’s emphasis on technological advancements, personalized medicine, and innovative healthcare solutions is driving market growth. The adoption of smart orthopedic implants in hospitals and rehabilitation centers is contributing to the expansion of the market.
List of the prominent players in the Smart Orthopedic Implants Market:
- Stryker Corporation
- Zimmer Biomet Holdings Inc.
- DePuy Synthes (Johnson & Johnson)
- Medtronic plc
- Smith & Nephew plc
- Orthofix International N.V.
- NuVasive Inc.
- Exactech Inc.
- Arthrex Inc.
- Braun Melsungen AG
- Globus Medical Inc.
- Rayent Technologies
- Tornier N.V.
- Rex Medical L.P.
- K2M Inc.
- Alphatec Spine Inc.
- Mazor Robotics Ltd.
- Integra LifeSciences Holdings Corporation
- Amedica Corporation
- Vertebral Technologies Inc.
- Others
The Smart Orthopedic Implants Market is segmented as follows:
By Application
- Knee
- Hip
- Others
By Components
- Implants
- Electronic Components
By Implants Procedures
- Total Replacement
- Partial Replacement
- Others
By End-User
- Hospitals
- Others (Research Centers)
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
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market Research Methodology
- Chapter 2. Executive Summary
- 2.1 Global Smart Orthopedic Implants Market, (2024 – 2033) (USD Billion)
- 2.2 Global Smart Orthopedic Implants Market: snapshot
- Chapter 3. Global Smart Orthopedic Implants Market – Industry Analysis
- 3.1 Smart Orthopedic Implants Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Technological Advancements
- 3.2.2 Increasing Prevalence of Orthopedic Disorders
- 3.2.3 Demand for Personalized Medicine
- 3.2.4 Minimally Invasive Procedures.
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Application
- 3.7.2 Market Attractiveness Analysis By Components
- 3.7.3 Market Attractiveness Analysis By Implants Procedures
- 3.7.4 Market Attractiveness Analysis By End-User
- Chapter 4. Global Smart Orthopedic Implants Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Smart Orthopedic Implants Market: company market share, 2023
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, collaboration, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Smart Orthopedic Implants Market – Application Analysis
- 5.1 Global Smart Orthopedic Implants Market Overview: By Application
- 5.1.1 Global Smart Orthopedic Implants Market Share, By Application, 2023 and 2033
- 5.2 Knee
- 5.2.1 Global Smart Orthopedic Implants Market by Knee, 2024 – 2033 (USD Billion)
- 5.3 Hip
- 5.3.1 Global Smart Orthopedic Implants Market by Hip, 2024 – 2033 (USD Billion)
- 5.4 Others
- 5.4.1 Global Smart Orthopedic Implants Market by Others, 2024 – 2033 (USD Billion)
- 5.1 Global Smart Orthopedic Implants Market Overview: By Application
- Chapter 6. Global Smart Orthopedic Implants Market – Components Analysis
- 6.1 Global Smart Orthopedic Implants Market Overview: By Components
- 6.1.1 Global Smart Orthopedic Implants Market Share, By Components, 2023 and 2033
- 6.2 Implants
- 6.2.1 Global Smart Orthopedic Implants Market by Implants, 2024 – 2033 (USD Billion)
- 6.3 Electronic Components
- 6.3.1 Global Smart Orthopedic Implants Market by Electronic Components, 2024 – 2033 (USD Billion)
- 6.1 Global Smart Orthopedic Implants Market Overview: By Components
- Chapter 7. Global Smart Orthopedic Implants Market – Implants Procedures Analysis
- 7.1 Global Smart Orthopedic Implants Market Overview: By Implants Procedures
- 7.1.1 Global Smart Orthopedic Implants Market Share, By Implants Procedures, 2023 and 2033
- 7.2 Total Replacement
- 7.2.1 Global Smart Orthopedic Implants Market by Total Replacement, 2024 – 2033 (USD Billion)
- 7.3 Partial Replacement
- 7.3.1 Global Smart Orthopedic Implants Market by Partial Replacement, 2024 – 2033 (USD Billion)
- 7.4 Others
- 7.4.1 Global Smart Orthopedic Implants Market by Others, 2024 – 2033 (USD Billion)
- 7.1 Global Smart Orthopedic Implants Market Overview: By Implants Procedures
- Chapter 8. Global Smart Orthopedic Implants Market – End-User Analysis
- 8.1 Global Smart Orthopedic Implants Market Overview: By End-User
- 8.1.1 Global Smart Orthopedic Implants Market Share, By End-User, 2023 and 2033
- 8.2 Hospitals
- 8.2.1 Global Smart Orthopedic Implants Market by Hospitals, 2024 – 2033 (USD Billion)
- 8.3 Others (Research Centers)
- 8.3.1 Global Smart Orthopedic Implants Market by Others (Research Centers), 2024 – 2033 (USD Billion)
- 8.1 Global Smart Orthopedic Implants Market Overview: By End-User
- Chapter 9. Smart Orthopedic Implants Market – Regional Analysis
- 9.1 Global Smart Orthopedic Implants Market Regional Overview
- 9.2 Global Smart Orthopedic Implants Market Share, by Region, 2023 & 2033 (USD Billion)
- 9.3. North America
- 9.3.1 North America Smart Orthopedic Implants Market, 2024 – 2033 (USD Billion)
- 9.3.1.1 North America Smart Orthopedic Implants Market, by Country, 2024 – 2033 (USD Billion)
- 9.3.1 North America Smart Orthopedic Implants Market, 2024 – 2033 (USD Billion)
- 9.4 North America Smart Orthopedic Implants Market, by Application, 2024 – 2033
- 9.4.1 North America Smart Orthopedic Implants Market, by Application, 2024 – 2033 (USD Billion)
- 9.5 North America Smart Orthopedic Implants Market, by Components, 2024 – 2033
- 9.5.1 North America Smart Orthopedic Implants Market, by Components, 2024 – 2033 (USD Billion)
- 9.6 North America Smart Orthopedic Implants Market, by Implants Procedures, 2024 – 2033
- 9.6.1 North America Smart Orthopedic Implants Market, by Implants Procedures, 2024 – 2033 (USD Billion)
- 9.7 North America Smart Orthopedic Implants Market, by End-User, 2024 – 2033
- 9.7.1 North America Smart Orthopedic Implants Market, by End-User, 2024 – 2033 (USD Billion)
- 9.8. Europe
- 9.8.1 Europe Smart Orthopedic Implants Market, 2024 – 2033 (USD Billion)
- 9.8.1.1 Europe Smart Orthopedic Implants Market, by Country, 2024 – 2033 (USD Billion)
- 9.8.1 Europe Smart Orthopedic Implants Market, 2024 – 2033 (USD Billion)
- 9.9 Europe Smart Orthopedic Implants Market, by Application, 2024 – 2033
- 9.9.1 Europe Smart Orthopedic Implants Market, by Application, 2024 – 2033 (USD Billion)
- 9.10 Europe Smart Orthopedic Implants Market, by Components, 2024 – 2033
- 9.10.1 Europe Smart Orthopedic Implants Market, by Components, 2024 – 2033 (USD Billion)
- 9.11 Europe Smart Orthopedic Implants Market, by Implants Procedures, 2024 – 2033
- 9.11.1 Europe Smart Orthopedic Implants Market, by Implants Procedures, 2024 – 2033 (USD Billion)
- 9.12 Europe Smart Orthopedic Implants Market, by End-User, 2024 – 2033
- 9.12.1 Europe Smart Orthopedic Implants Market, by End-User, 2024 – 2033 (USD Billion)
- 9.13. Asia Pacific
- 9.13.1 Asia Pacific Smart Orthopedic Implants Market, 2024 – 2033 (USD Billion)
- 9.13.1.1 Asia Pacific Smart Orthopedic Implants Market, by Country, 2024 – 2033 (USD Billion)
- 9.13.1 Asia Pacific Smart Orthopedic Implants Market, 2024 – 2033 (USD Billion)
- 9.14 Asia Pacific Smart Orthopedic Implants Market, by Application, 2024 – 2033
- 9.14.1 Asia Pacific Smart Orthopedic Implants Market, by Application, 2024 – 2033 (USD Billion)
- 9.15 Asia Pacific Smart Orthopedic Implants Market, by Components, 2024 – 2033
- 9.15.1 Asia Pacific Smart Orthopedic Implants Market, by Components, 2024 – 2033 (USD Billion)
- 9.16 Asia Pacific Smart Orthopedic Implants Market, by Implants Procedures, 2024 – 2033
- 9.16.1 Asia Pacific Smart Orthopedic Implants Market, by Implants Procedures, 2024 – 2033 (USD Billion)
- 9.17 Asia Pacific Smart Orthopedic Implants Market, by End-User, 2024 – 2033
- 9.17.1 Asia Pacific Smart Orthopedic Implants Market, by End-User, 2024 – 2033 (USD Billion)
- 9.18. Latin America
- 9.18.1 Latin America Smart Orthopedic Implants Market, 2024 – 2033 (USD Billion)
- 9.18.1.1 Latin America Smart Orthopedic Implants Market, by Country, 2024 – 2033 (USD Billion)
- 9.18.1 Latin America Smart Orthopedic Implants Market, 2024 – 2033 (USD Billion)
- 9.19 Latin America Smart Orthopedic Implants Market, by Application, 2024 – 2033
- 9.19.1 Latin America Smart Orthopedic Implants Market, by Application, 2024 – 2033 (USD Billion)
- 9.20 Latin America Smart Orthopedic Implants Market, by Components, 2024 – 2033
- 9.20.1 Latin America Smart Orthopedic Implants Market, by Components, 2024 – 2033 (USD Billion)
- 9.21 Latin America Smart Orthopedic Implants Market, by Implants Procedures, 2024 – 2033
- 9.21.1 Latin America Smart Orthopedic Implants Market, by Implants Procedures, 2024 – 2033 (USD Billion)
- 9.22 Latin America Smart Orthopedic Implants Market, by End-User, 2024 – 2033
- 9.22.1 Latin America Smart Orthopedic Implants Market, by End-User, 2024 – 2033 (USD Billion)
- 9.23. The Middle-East and Africa
- 9.23.1 The Middle-East and Africa Smart Orthopedic Implants Market, 2024 – 2033 (USD Billion)
- 9.23.1.1 The Middle-East and Africa Smart Orthopedic Implants Market, by Country, 2024 – 2033 (USD Billion)
- 9.23.1 The Middle-East and Africa Smart Orthopedic Implants Market, 2024 – 2033 (USD Billion)
- 9.24 The Middle-East and Africa Smart Orthopedic Implants Market, by Application, 2024 – 2033
- 9.24.1 The Middle-East and Africa Smart Orthopedic Implants Market, by Application, 2024 – 2033 (USD Billion)
- 9.25 The Middle-East and Africa Smart Orthopedic Implants Market, by Components, 2024 – 2033
- 9.25.1 The Middle-East and Africa Smart Orthopedic Implants Market, by Components, 2024 – 2033 (USD Billion)
- 9.26 The Middle-East and Africa Smart Orthopedic Implants Market, by Implants Procedures, 2024 – 2033
- 9.26.1 The Middle-East and Africa Smart Orthopedic Implants Market, by Implants Procedures, 2024 – 2033 (USD Billion)
- 9.27 The Middle-East and Africa Smart Orthopedic Implants Market, by End-User, 2024 – 2033
- 9.27.1 The Middle-East and Africa Smart Orthopedic Implants Market, by End-User, 2024 – 2033 (USD Billion)
- Chapter 10. Company Profiles
- 10.1 Stryker Corporation
- 10.1.1 Overview
- 10.1.2 Financials
- 10.1.3 Product Portfolio
- 10.1.4 Business Strategy
- 10.1.5 Recent Developments
- 10.2 Zimmer Biomet Holdings Inc.
- 10.2.1 Overview
- 10.2.2 Financials
- 10.2.3 Product Portfolio
- 10.2.4 Business Strategy
- 10.2.5 Recent Developments
- 10.3 DePuy Synthes (Johnson & Johnson)
- 10.3.1 Overview
- 10.3.2 Financials
- 10.3.3 Product Portfolio
- 10.3.4 Business Strategy
- 10.3.5 Recent Developments
- 10.4 Medtronic plc
- 10.4.1 Overview
- 10.4.2 Financials
- 10.4.3 Product Portfolio
- 10.4.4 Business Strategy
- 10.4.5 Recent Developments
- 10.5 Smith & Nephew plc
- 10.5.1 Overview
- 10.5.2 Financials
- 10.5.3 Product Portfolio
- 10.5.4 Business Strategy
- 10.5.5 Recent Developments
- 10.6 Orthofix International N.V.
- 10.6.1 Overview
- 10.6.2 Financials
- 10.6.3 Product Portfolio
- 10.6.4 Business Strategy
- 10.6.5 Recent Developments
- 10.7 NuVasive Inc.
- 10.7.1 Overview
- 10.7.2 Financials
- 10.7.3 Product Portfolio
- 10.7.4 Business Strategy
- 10.7.5 Recent Developments
- 10.8 Exactech Inc.
- 10.8.1 Overview
- 10.8.2 Financials
- 10.8.3 Product Portfolio
- 10.8.4 Business Strategy
- 10.8.5 Recent Developments
- 10.9 Arthrex Inc.
- 10.9.1 Overview
- 10.9.2 Financials
- 10.9.3 Product Portfolio
- 10.9.4 Business Strategy
- 10.9.5 Recent Developments
- 10.10 B. Braun Melsungen AG
- 10.10.1 Overview
- 10.10.2 Financials
- 10.10.3 Product Portfolio
- 10.10.4 Business Strategy
- 10.10.5 Recent Developments
- 10.11 Globus Medical Inc.
- 10.11.1 Overview
- 10.11.2 Financials
- 10.11.3 Product Portfolio
- 10.11.4 Business Strategy
- 10.11.5 Recent Developments
- 10.12 Rayent Technologies
- 10.12.1 Overview
- 10.12.2 Financials
- 10.12.3 Product Portfolio
- 10.12.4 Business Strategy
- 10.12.5 Recent Developments
- 10.13 Tornier N.V.
- 10.13.1 Overview
- 10.13.2 Financials
- 10.13.3 Product Portfolio
- 10.13.4 Business Strategy
- 10.13.5 Recent Developments
- 10.14 Rex Medical L.P.
- 10.14.1 Overview
- 10.14.2 Financials
- 10.14.3 Product Portfolio
- 10.14.4 Business Strategy
- 10.14.5 Recent Developments
- 10.15 K2M Inc.
- 10.15.1 Overview
- 10.15.2 Financials
- 10.15.3 Product Portfolio
- 10.15.4 Business Strategy
- 10.15.5 Recent Developments
- 10.16 Alphatec Spine Inc.
- 10.16.1 Overview
- 10.16.2 Financials
- 10.16.3 Product Portfolio
- 10.16.4 Business Strategy
- 10.16.5 Recent Developments
- 10.17 Mazor Robotics Ltd.
- 10.17.1 Overview
- 10.17.2 Financials
- 10.17.3 Product Portfolio
- 10.17.4 Business Strategy
- 10.17.5 Recent Developments
- 10.18 Integra LifeSciences Holdings Corporation
- 10.18.1 Overview
- 10.18.2 Financials
- 10.18.3 Product Portfolio
- 10.18.4 Business Strategy
- 10.18.5 Recent Developments
- 10.19 Amedica Corporation
- 10.19.1 Overview
- 10.19.2 Financials
- 10.19.3 Product Portfolio
- 10.19.4 Business Strategy
- 10.19.5 Recent Developments
- 10.20 Vertebral Technologies Inc.
- 10.20.1 Overview
- 10.20.2 Financials
- 10.20.3 Product Portfolio
- 10.20.4 Business Strategy
- 10.20.5 Recent Developments
- 10.21 Others.
- 10.21.1 Overview
- 10.21.2 Financials
- 10.21.3 Product Portfolio
- 10.21.4 Business Strategy
- 10.21.5 Recent Developments
- 10.1 Stryker Corporation
List Of Figures
Figures No 1 to 28
List Of Tables
Tables No 1 to 102
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2033
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
|
|
| Demand-side |
|
|
Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
|
|
Prominent Player
- Stryker Corporation
- Zimmer Biomet Holdings Inc.
- DePuy Synthes (Johnson & Johnson)
- Medtronic plc
- Smith & Nephew plc
- Orthofix International N.V.
- NuVasive Inc.
- Exactech Inc.
- Arthrex Inc.
- Braun Melsungen AG
- Globus Medical Inc.
- Rayent Technologies
- Tornier N.V.
- Rex Medical L.P.
- K2M Inc.
- Alphatec Spine Inc.
- Mazor Robotics Ltd.
- Integra LifeSciences Holdings Corporation
- Amedica Corporation
- Vertebral Technologies Inc.
- Others
FAQs
The key factors driving the Market are Technological Advancements, Increasing Prevalence of Orthopedic Disorders, Demand for Personalized Medicine, Minimally Invasive Procedures.
The “Knee” had the largest share in the global market for Smart Orthopedic Implants.
The “Total Replacement” category dominated the market in 2023.
The key players in the market are Stryker Corporation, Zimmer Biomet Holdings Inc., DePuy Synthes (Johnson & Johnson), Medtronic plc, Smith & Nephew plc, Orthofix International N.V., NuVasive Inc., Exactech Inc., Arthrex Inc., B. Braun Melsungen AG, Globus Medical Inc., Rayent Technologies, Tornier N.V., Rex Medical L.P., K2M Inc., Alphatec Spine Inc., Mazor Robotics Ltd., Integra LifeSciences Holdings Corporation, Amedica Corporation, Vertebral Technologies Inc., Others.
“North America” had the largest share in the Smart Orthopedic Implants Market.
The global market is projected to grow at a CAGR of 5.10% during the forecast period, 2024-2033.
The Smart Orthopedic Implants Market size was valued at USD 25.19 Billion in 2024.