Increasing Geriatric Population and Rise in Orthopedic Conditions Drive the Demand for Orthopedic Implants to Reach $32 billion by 2030

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A new report from Industry Experts Inc, on "Orthopedic Implants Market," reveals that the global orthopedic implants market size is estimated at US$25.3 million in 2024 and is expected to record a CAGR of 4.2% during the 2024-2030 analysis period and stand at a projected US$32.4 million by 2030.

The orthopedic implants market is experiencing significant growth, driven by the increasing global geriatric population, which is contributing to a rise in orthopedic conditions like osteoarthritis, osteoporosis, and musculoskeletal disorders. As the aging population in developed regions expands, the demand for joint replacement surgeries, particularly for hips, knees, and shoulders, is increasing. Additionally, the growing preference for minimally invasive surgeries, which offer shorter recovery times and fewer complications, is further fueling market expansion.

The Reconstructive Joint Implants segment is the largest market in orthopedic implants, capturing a 46.9% share in 2024 due to the increasing occurrence of osteoarthritis and osteoporosis among older adults. Ongoing research and development initiatives and a rising preference for minimally invasive procedures further bolster market dominance. Growing awareness and the adoption of orthobiologics also aid in market expansion.

The global market for orthopedic implants is analyzed in this report covering the major regions including North America (The United States, Canada, and Mexico), Europe (Germany, France, the United Kingdom, Italy, Spain, and Rest of Europe), Asia-Pacific (Japan, China, India, South Korea, and Rest of Asia-Pacific), South America (Brazil, Argentina, and Rest of South America) and Rest of World.

Orthopedic implants market studied in this report with respect to Orthopedic Implants Market by Product Type – Reconstructive Joint Replacements, Spinal Implants, Dental Implants, Trauma, Orthobiologics and Others (Including Small Bone & Joint Implants, Prosthetics & Limb Replacement Implants, Cranio-Maxillofacial (CMF) Implants, and 3D Printed & Custom Implants); Biomaterial Type – Metallic, Polymeric, Ceramic and Other Biomaterials (Including Natural, Hybrid, and Bioabsorbable Materials); and End-user – Hospitals, Orthopedic Clinics and Other End-Users (Including Ambulatory Surgical Centers (ASCs), Research Institutes & Universities, and Rehabilitation Centers).

About Industry Experts, Inc
Industry Experts, Inc., ranks among the leading market research providers globally. The company’s off-the-shelf and customized business intelligence reports offer strategic insights and valuable guidance to enable various stakeholders, such as corporate strategists, analysts, researchers and startups, among others, in obtaining valuable, crisp and unbiased current and future market data. For more information, contact us on +1-320-497-3787 or visit https://industry-experts.com/

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