The global orthopedic implant market is predicted to rise at a CAGR of 5.53 % from 2022 to 2030

Orthopedic implants are placed surgically within the body to support or treat a broken bone or joint. Increased osteoporosis cases, rising geriatric populations, and a growing number of implant surgeries fuel the orthopedic implants market growth.
LEICESTER, U.K. - Aug. 26, 2022 - PRLog -- The global orthopedic implants market was valued at USD 46.43 billion in 2021 and it is predicted to rise at a compound annual growth rate (CAGR) of 5.53 % from 2022 to 2030. The primary variables most likely to influence the market growth rate during the projection period are an increase in osteoporosis-related fractures, a rise in senior patient populations around the world, and an increase in this type of implant surgery. An estimated one in two Americans over 50 are predicted to be at risk of developing hip osteoporosis, mostly because of the aging of the population and the incidence of osteoporosis, according to research by the National Center for Biotechnology Information (NCBI) published in 2020.

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"Increasing Geriatric Population Globally Fuels the Market"

The technological revolution occurred not just in cities, but also in rural regions. Due to its increased accessibility across the globe, whether in rural or metropolitan regions, there has been a noteworthy shift in e-commerce demand. It provides increased customer convenience since consumers can quickly pick and purchase items of their choosing using apps and websites, and things will be delivered to their homes using the home delivery option.

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The global orthopedic implants market is segmented based on product and end-users.

Based on geography, the orthopedic implants market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

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Recent Developments:

o      In May 2021, 4WEB Medical announced the Lumbar Spine Plating Solution (LSTS-PS) launch.

o    In January 2021, GOeasy, a manufacturer of orthopedic implants and instruments for joint replacement surgery, announced that the company had signed an agency agreement with PeekMed, a software technology company developing powerful 3D pre-operative digital planning tools.

The following are some of the major market players operating across the globe:

o   Zimmer Biomet (Indiana, U.S.)
o   Medtronic (Dublin, Ireland)
o   DePuy Synthes Companies (Johnson & Johnson Services, Inc.) (Raynham, MA, U.S.)
o   Smith & Nephew (London, U.K.)
o   Stryker (Michigan, U.S.)
o   ArthroCare Corporation (Texas, U.S.)
o   BioTek Instruments, Inc. (Vermont, U.S.)
o   CONMED Corporation (New York, U.S.)
o   Integra LifeSciences Corporation (Massachusetts, U.S.)

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