Australia Orthopedic Implants Market Size & Outlook
Australia orthopedic implants market, 2018-2030 (US$M)
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Australia orthopedic implants market highlights
- The Australia orthopedic implants market generated a revenue of USD 352.2 million in 2023 and is expected to reach USD 527.0 million by 2030.
- The Australia market is expected to grow at a CAGR of 5.9% from 2024 to 2030.
- In terms of segment, lower extremity implants was the largest revenue generating product in 2023.
- Dental is the most lucrative product segment registering the fastest growth during the forecast period.
Orthopedic implants market data book summary
| Market revenue in 2023 | USD 352.2 million |
| Market revenue in 2030 | USD 527.0 million |
| Growth rate | 5.9% (CAGR from 2023 to 2030) |
| Largest segment | Lower extremity implants |
| Fastest growing segment | Dental |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Lower Extremity Implants, Spinal Implants, Dental, Upper Extremity Implants |
| Key market players worldwide | Medtronic PLC, Johnson & Johnson, Stryker Corp, Zimmer Biomet Holdings Inc, Smith & Nephew PLC, NuVasive, Globus Medical Inc Class A, Arthrex, Enovis Corp, MicroPort Scientific Corp, ConforMIS, Exactech, Invibio, B. Braun, Acumed, Alphatec Holdings Inc, Integra Lifesciences Holdings Corp, Corin Group, Medacta Group SA Ordinary Shares, OrthoPediatrics Corp, Orthofix Medical Inc, FH Orthopedics, Enovis |
Other key industry trends
- In terms of revenue, Australia accounted for 1.4% of the global orthopedic implants market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China orthopedic implants market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,256.3 million by 2030.
Lower extremity implants was the largest segment with a revenue share of 52.75% in 2023. Horizon Databook has segmented the Australia orthopedic implants market based on lower extremity implants, spinal implants, dental, upper extremity implants covering the revenue growth of each sub-segment from 2018 to 2030.
The orthopedic implants market in Australia is expected to exhibit significant growth in the coming years, driven by factors such as the increasing prevalence of osteoporosis & other orthopedic conditions and the growing demand for their treatment.
For instance, statistics from Osteoporosis Solutions Australia reveal a rising rate of fractures in the country from 2013 to 2022. Furthermore, poor bone health is a factor contributing to market growth. As per Osteoporosis Solutions Australia estimates, approximately 183,105 fractures are due to happen as a result of osteoporosis and osteopenia.
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Orthopedic Implants Market Scope
Orthopedic Implants Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia orthopedic implants market size, by product, 2018-2030 (US$M)
Australia Orthopedic Implants Market Outlook Share, 2023 & 2030 (US$M)
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