North America Orthopedic Implants Market Size & Outlook
North America orthopedic implants market, 2018-2030 (US$M)
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North America orthopedic implants market highlights
- The North America orthopedic implants market generated a revenue of USD 11,641.1 million in 2023.
- The market is expected to grow at a CAGR of 2.5% 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.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 11,641.1 million |
| Market revenue in 2030 | USD 13,848.1 million |
| Growth rate | 2.5% (CAGR from 2023 to 2030) |
| Largest segment | Lower extremity implants |
| Fastest growing segment | Dental |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, North America region accounted for 45.7% of the global orthopedic implants market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 6,750.4 million by 2030.
Lower extremity implants was the largest segment with a revenue share of 52.41% in 2023. Horizon Databook has segmented the North America 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 North America orthopedic implants market is driven by an increase in use of orthopedic devices and rise in the number of trauma & fracture cases. Moreover, growing number of middle-aged & geriatric patients opting for orthopedic implants.
Increase in prevalence of low bone density, and introduction of biodegradable implants & internal fixation devices also drive the regional market. As per a Population Reference Bureau report, The proportion of the total population represented by the 65-and-older age group is also expected to rise from 17% to 23% during this period.
Therefore, the growing geriatric population and its need for advanced orthopedic implants are fueling market growth. The North America orthopedic implants market is expected to show a high potential for growth during the forecast period due to rapid technological advancements and well-established healthcare facilities.
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Orthopedic Implants Market Scope
Orthopedic Implants Market Companies
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North America orthopedic implants market size, by country, 2018-2030 (US$M)
North America Orthopedic Implants Market Outlook Share, 2023 & 2030 (US$M)
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