Norway Orthopedic Implants Market Size & Outlook
Norway orthopedic implants market, 2018-2030 (US$M)
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Norway orthopedic implants market highlights
- The Norway orthopedic implants market generated a revenue of USD 108.8 million in 2023 and is expected to reach USD 134.9 million by 2030.
- The Norway market is expected to grow at a CAGR of 3.1% 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 108.8 million |
| Market revenue in 2030 | USD 134.9 million |
| Growth rate | 3.1% (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, Norway accounted for 0.4% 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 52.76% in 2023. Horizon Databook has segmented the Norway 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.
Several factors drive the orthopedic implants market in Norway. The country's growing aging population is susceptible to orthopedic conditions, thereby increasing the demand for orthopedic implants, particularly for joint replacements.
In addition, musculoskeletal disorders like osteoarthritis and osteoporosis are rising, necessitating the use of orthopedic implants for effective treatment. Norway's reputation for technological advancements in medical devices, including innovative implant materials and minimally invasive procedures.
Attracts patients & healthcare professionals, contributing to market growth. In addition, the Norwegian government's emphasis on healthcare and initiatives to improve infrastructure and reduce waiting time for orthopedic procedures enhance patient access to implants.
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Orthopedic Implants Market Scope
Orthopedic Implants Market Companies
| Name | Profile | # Employees | HQ | Website |
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Norway orthopedic implants market size, by product, 2018-2030 (US$M)
Norway Orthopedic Implants Market Outlook Share, 2023 & 2030 (US$M)
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