Global Orthopedic Implants Market Size & Outlook
The orthopedic implants industry worldwide is expected to reach a projected revenue of US$ 32,903.0 million by 2030. A compound annual growth rate of 3.7% is expected of the worldwide orthopedic implants industry from 2024 to 2030.
Revenue, 2023 (US$M)
$25,461.9
Forecast, 2030 (US$M)
$32,903.0
CAGR, 2024 - 2030
3.7%
Report Coverage
Worldwide
Global orthopedic implants market, 2018-2030 (US$M)
Related Markets
Global orthopedic implants market highlights
- The global orthopedic implants market generated a revenue of USD 25,461.9 million in 2023 and is expected to reach USD 32,903.0 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 3.7% by 2030.
- In terms of segment, lower extremity implants accounted for a revenue of USD 13,398.4 million in 2023.
- Dental is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Denmark is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 25,461.9 million |
| Market revenue in 2030 | USD 32,903.0 million |
| Growth rate | 3.7% (CAGR from 2023 to 2030) |
| Largest segment | Lower extremity implants |
| Fastest growing segment | Dental |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Lower Extremity Implants, Spinal Implants, Dental, Upper Extremity Implants |
Other key industry trends
- In terms of revenue, the North America accounted for 45.7% of the global orthopedic implants market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Denmark is the fastest growing regional market and is projected to reach USD 186.9 million by 2030.
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Orthopedic Implants Market Scope
Orthopedic implants market segmentation & scope
Orthopedic Implants Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global orthopedic implants market size, by regions, 2018-2030 (US$M)
Top 10 countries: Orthopedic implants market size, 2023 (US$M)
Global orthopedic implants market share, by product, 2023 & 2030 (%, US$M)
Orthopedic implants market: Opportunity assessment by country
Global orthopedic implants market, by region, 2023 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 11,242.3 | 11,441.0 | 10,053.4 | 11,167.1 | 11,396.1 | 11,641.1 | 11,901.1 | 12,176.9 | 12,470.6 | 12,782.8 | 13,115.4 | 13,469.8 | 13,848.1 | 2.5% |
| Europe | 5,772.8 | 5,938.8 | 5,254.3 | 5,849.2 | 6,044.1 | 6,239.8 | 6,445.8 | 6,663.8 | 6,895.1 | 7,141.5 | 7,403.2 | 7,681.4 | 7,977.5 | 3.6% |
| Asia Pacific | 3,508.6 | 3,724.7 | 3,426.4 | 3,953.5 | 4,195.3 | 4,453.8 | 4,728.4 | 5,019.8 | 5,327.9 | 5,654.1 | 5,999.3 | 6,364.2 | 6,750.4 | 6.1% |
| Latin America | 1,793.6 | 1,864.8 | 1,678.8 | 1,904.6 | 1,983.5 | 2,067.7 | 2,156.9 | 2,251.2 | 2,350.5 | 2,455.3 | 2,566.3 | 2,683.0 | 2,806.4 | 4.5% |
| MEA | 601.6 | 870.3 | 809.5 | 958.0 | 1,004.0 | 1,059.5 | 1,118.6 | 1,179.9 | 1,243.7 | 1,309.2 | 1,376.8 | 1,446.8 | 1,520.6 | 5.3% |
| Overall | 22,918.9 | 23,839.6 | 21,222.4 | 23,832.4 | 24,623.0 | 25,461.9 | 26,350.8 | 27,291.6 | 28,287.8 | 29,342.9 | 30,461.0 | 31,645.2 | 32,903.0 | 3.7% |
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