According to Fact MR’s recent market research, sales of Orthopedic Implants to swell at propelled CAGR through 2031, as investment towards expansion of healthcare infrastructure continues rising. The goal of the survey is uncover growth opportunities, key trends, growth drivers, and challenges. It also provides recommendations to assist businesses in preparing for unforeseen challenges.
Focus on improving overall patient care will remain a chief growth driver. Besides this, Orthopedic Implants market will continue gaining from increasing willingness among patients and families to spend on advanced healthcare.
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The global orthopedic implants market is expected to be valued at US$ 468 Mn by the end of 2022, and is likely to flourish at a CAGR of 6.7% across the 2022-2032 forecast period. By the end of the assessment period, the market is expected to reach US$ 900 Mn.
| Report Attribute | Values |
| Anticipated Market Size (2022) | US$ 468 Mn |
| Expected Market Value in 2032 | US$ 900 Mn |
| Value CAGR (2022-2032) | 6.7% |
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Orthopedic Implants market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Orthopedic Implants
The report offers actionable and valuable market insights of Orthopedic Implants. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Orthopedic Implants Market across various industries and regions
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Key Segments Covered in the Orthopedic Implants Industry Report
- By Type
- Orthopedic Implants for Hip Reconstruction
- Total Hip Reconstruction
- Partial Hip Reconstruction
- Revision Implants
- Orthopedic Implants for Knee Reconstruction
- Total Knee Reconstruction
- Partial Knee Reconstruction
- Revision Implants
- Orthopedic Implants for Shoulder Implants
- Anatomical Shoulder Prosthetics
- Reverse Shoulder Prosthetics
- Orthopedic Implants for Hip Reconstruction
- By Fixation Type
- Cement Orthopedic Implants
- Cementless Orthopedic Implants
- Hybrid Orthopedic Implants
- By End User
- Orthopedic Implants for Hospitals
- Orthopedic Implants for Orthopedic Clinics
- Orthopedic Implants for Ambulatory Surgical Centers
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Key Takeaways from the Market Study
- The global orthopedic implants market anticipated to add 2x value by 2032 as compared to 2022
- Demand for orthopedic implants to be high for knee reconstruction, expanding at a CAGR of 6.3%
- Hybrid orthopedic implants to experience a noteworthy incline from 2022 to 2032
- North America to experience a CAGR of 4%, expected to reach US$ 370 Mn by 2032
- China to be an opportunistic growth region, forecast to flourish at a CAGR of 6%
- Global orthopedic implants market to be valued at US$ 468 Mn by 2022-end
“3D printing technology provides flexibility in the design process and enables efficient production of both off-the-shelf and personalised medical products, thereby enhancing the demand for Orthopedic Implants,” comments a Fact.MR analyst
Competitive Landscape
Prominent players are embracing innovative approaches such as ground-breaking marketing tactics, technological advancements, mergers, and acquisitions.
- In Dec 2021, DePuy Synthes, a division of Johnson & Johnson has announced the acquisition of OrthoSpin through its Synthes GmbH affiliate. OrthoSpin, based in Israel, creates a robot-assisted external fixation system for orthopaedic treatments.
- In January 2022, Stryker announced a definitive merger agreement to acquire all of the issued and outstanding shares of common stock of Vocera Communications, Inc. for $79.25 per share, or a total equity value of approximately $2.97 billion and a total enterprise value of approximately $3.09 billion (including convertible notes).
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