Germany Orthopedic Implants Market Size & Outlook
Germany orthopedic implants market, 2018-2030 (US$M)
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Germany orthopedic implants market highlights
- The Germany orthopedic implants market generated a revenue of USD 1,587.2 million in 2023 and is expected to reach USD 2,011.3 million by 2030.
- The Germany market is expected to grow at a CAGR of 3.4% 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 1,587.2 million |
| Market revenue in 2030 | USD 2,011.3 million |
| Growth rate | 3.4% (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, Germany accounted for 6.2% 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 54.11% in 2023. Horizon Databook has segmented the Germany 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.
Germany has some of the most advanced treatments in the market among European countries. Osteoarthritis is one of the common reasons for hip surgeries in most of the population aged 70 to 79 years. In 2021.
Germany was among the countries with the highest rate of hip and knee replacement procedures. According to Organization for Economic Co-operation and Development (OECD), in Germany, 301 individuals per 100,000 population required hip replacements and 201 per 100,000 required knee replacements.
Thus, increase in the incidence of these diseases is fueling the orthopedic implants market in Germany. One of the examples of companies launching implants is NGMedical GmbH, a medical device company focusing on developing technologies for spinal applications. In June 2022, it announced the launch of the ART Fixation System.
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Orthopedic Implants Market Scope
Orthopedic Implants Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany orthopedic implants market size, by product, 2018-2030 (US$M)
Germany Orthopedic Implants Market Outlook Share, 2023 & 2030 (US$M)
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