Orthopedic Implants Market – Increase in the Prevalence of Orthopedic Injuries or Diseases is Expected to Lead the Market Growth – Growing at a Compound Annual Growth Rate (CAGR) 4.7% from 2022 to 2028

Orthopedic Implants
  • Orthopedic Implants Market

As stated in our extensive report; the Global Orthopedic Implants Market accounted forUSD 42.1 Billionin 2021.

The COVID-19 outbreak impacted the Global Orthopedic Implants Market adversely. As a result, the Orthopedic Implants Market has declined amidst the pandemic. The hospitals had shifted their focus on COVID-19 patients as it was the topmost priority. This resulted in the cancellation of surgical procedures. The decline in the number of surgical procedures and patient visits with associated orthopedic disorders directly affected the Global Orthopedic Implants Market. As a result, the market has reported a loss of revenue during the pandemic. However, the Global Orthopedic Implants Market is anticipated to gain momentum in the post-covid-19 period.

The Orthopedic Implants is mainly required by the geriatric population as they have a high risk of osteoarthritis, degenerative disc disease, and low bone density. The increase in the senior population is a significant factor leading the Global Orthopedic Implants Market. In addition, the rise in road accidents and injuries due to various purposes is anticipated to propel the demand for Orthopedic Implants, further leading the market growth in the forecasted period. Furthermore, owing to the rising number of orthopedic disorders, the need for Orthopedic Implants in orthopedic procedures has surged. Therefore, the increasing number of patients associated with surgical procedures is anticipated to boost the Global Orthopedic Implants Market growth. In addition, the novel innovations such as completely robot-assisted orthopedic surgeries and artificial intelligence-powered guidance software are propelling the demand for Orthopedic Implants, further leading the Global Orthopedic Implants Market growth.

The Global Orthopedic Implants Market based on the region is divided into and the rest of the world. However, the has been dominating the Orthopedic Implants Market over the past few years and is expected to grow more in the future. Furthermore, the Orthopedic Implants Market is estimated to grow in the forecasted period owing to the increasing number of geriatric population and surgical procedures. Therefore, the Orthopedic Implants is estimated to grow at an exponentially increasing compound annual growth rate in the region.

The well-known players of the Global Orthopedic Implants Market include Johnson & Johnson (DePuy Synthes), Zimmer Biomet Holdings Inc., Stryker Corporation, Medtronic PLC, NuVasive Inc., Smith & Nephew PLC, CONMED Corporation, Arthrex Inc., DJO Finance LLC and others.