Italy Orthopedic Implants Market Size & Outlook, 2023-2030
Italy orthopedic implants market, 2018-2030 (US$M)
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Italy orthopedic implants market highlights
- The Italy orthopedic implants market generated a revenue of USD 739.9 million in 2023 and is expected to reach USD 974.5 million by 2030.
- The Italy market is expected to grow at a CAGR of 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 739.9 million |
| Market revenue in 2030 | USD 974.5 million |
| Growth rate | 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, Italy accounted for 2.9% 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 52.47% in 2023. Horizon Databook has segmented the Italy 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 Italy is experiencing significant growth, primarily driven by the increasing demand for hip arthroplasty. Italy has the highest percentage (24%) of its population in the above 65 age group among the major EU markets, indicating a low birth rate and a rapidly aging population.
As a result, there is a growing need for joint arthroplasties, particularly hip replacements, which positively impacts the orthopedic implants market in the country. According to the OECD, Italy recorded 194 hip replacement surgeries per 100,000 population in 2021, highlighting a substantial demand for such procedures.
This trend highlights the significance of orthopedic implants in addressing the healthcare needs of the aging population in Italy. Moreover, companies in the country are adopting strategies to maintain a competitive edge. In January 2024, Enovis acquired LimaCorporate.
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Orthopedic Implants Market Scope
Orthopedic Implants Market Companies
| Name | Profile | # Employees | HQ | Website |
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Italy orthopedic implants market size, by product, 2018-2030 (US$M)
Italy Orthopedic Implants Market Outlook Share, 2023 & 2030 (US$M)
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