Canada Orthopedic Implants Market Size & Outlook
Canada orthopedic implants market, 2018-2030 (US$M)
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Canada orthopedic implants market highlights
- The Canada orthopedic implants market generated a revenue of USD 766.8 million in 2023 and is expected to reach USD 924.1 million by 2030.
- The Canada market is expected to grow at a CAGR of 2.7% 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 766.8 million |
| Market revenue in 2030 | USD 924.1 million |
| Growth rate | 2.7% (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, Canada accounted for 3.0% 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 North America, U.S. orthopedic implants market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 924.1 million by 2030.
Lower extremity implants was the largest segment with a revenue share of 51.67% in 2023. Horizon Databook has segmented the Canada 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 Canadian orthopedic implants market is expected to witness significant growth over the forecast period owing to rising incidence of osteoarthritis & rheumatoid arthritis and increasing aging population. In addition.
Rising disposable income and increasing R&D spending by various pharmaceutical companies are encouraging market expansion in this area. Market participants are concentrating on bolstering R&D efforts for introducing advanced products and are focusing on various strategies to maintain their market position.
For instance, in February 2024, Tyber Medical LLC received clearance from Health Canada for its anatomical plating system. The plating system includes a comprehensive range of titanium and stainless-steel plates.
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Orthopedic Implants Market Scope
Orthopedic Implants Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada orthopedic implants market size, by product, 2018-2030 (US$M)
Canada Orthopedic Implants Market Outlook Share, 2023 & 2030 (US$M)
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