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