Denmark Orthopedic Implants Market Size & Outlook
Denmark orthopedic implants market, 2018-2030 (US$M)
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Denmark orthopedic implants market highlights
- The Denmark orthopedic implants market generated a revenue of USD 162.1 million in 2023 and is expected to reach USD 186.9 million by 2030.
- The Denmark market is expected to grow at a CAGR of 2.1% 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 162.1 million |
| Market revenue in 2030 | USD 186.9 million |
| Growth rate | 2.1% (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, Denmark accounted for 0.6% 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 Europe, Germany orthopedic implants market is projected to lead the regional market in terms of revenue in 2030.
- Italy is the fastest growing regional market in Europe and is projected to reach USD 974.5 million by 2030.
Lower extremity implants was the largest segment with a revenue share of 53.3% in 2023. Horizon Databook has segmented the Denmark 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 market growth in Denmark is driven by the increasing awareness and availability of minimally invasive surgical techniques, which offer multiple benefits compared to traditional surgeries. These techniques result in reduced trauma and faster recovery, leading to shorter hospital stays and lower costs.
For example, knee replacement surgeries traditionally involved a vertical incision of 8 to 10 inches, but with the advent of minimally invasive procedures, the surgical approach has become less invasive. However, the market is restrained by the availability of alternative medical treatment options, such as physical therapy, NSAIDs, corticosteroids, and rehabilitation exercises.
Furthermore, growing participation in sports and physical activities is directly contributing to the rising number of sports injuries requiring medical intervention, which, in turn, impacts the market growth.
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Orthopedic Implants Market Scope
Orthopedic Implants Market Companies
| Name | Profile | # Employees | HQ | Website |
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Denmark orthopedic implants market size, by product, 2018-2030 (US$M)
Denmark Orthopedic Implants Market Outlook Share, 2023 & 2030 (US$M)
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