China Orthopedic Implants Market Size & Outlook, 2023-2030
China orthopedic implants market, 2018-2030 (US$M)
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China orthopedic implants market highlights
- The China orthopedic implants market generated a revenue of USD 1,171.1 million in 2023 and is expected to reach USD 1,804.3 million by 2030.
- The China market is expected to grow at a CAGR of 6.4% 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 1,171.1 million |
| Market revenue in 2030 | USD 1,804.3 million |
| Growth rate | 6.4% (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, China accounted for 4.6% 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 52.53% in 2023. Horizon Databook has segmented the China 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.
China, with the largest population in the world, is a highly lucrative market for orthopedic implants. It is driven by the country's increasing middle class and aging population. Medical tourism is booming, the healthcare infrastructure is constantly improving, and patients are becoming more aware of the commercial availability of orthopedic implants.
All these factors are contributing to market growth in the country. However, the high cost of orthopedic procedures and strict government policies for the approval of implants is hampering market growth to a certain extent.
In addition, researchers are launching different implant products to cater to a more diverse demographic. In December 2023, Flinders University and researchers from China combined efforts to test and create a fresh coating for orthopedic implants.
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Orthopedic Implants Market Scope
Orthopedic Implants Market Companies
| Name | Profile | # Employees | HQ | Website |
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China orthopedic implants market size, by product, 2018-2030 (US$M)
China Orthopedic Implants Market Outlook Share, 2023 & 2030 (US$M)
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