Spain Orthopedic Implants Market Size & Outlook, 2023-2030
Spain orthopedic implants market, 2018-2030 (US$M)
Related Markets
Spain orthopedic implants market highlights
- The Spain orthopedic implants market generated a revenue of USD 579.7 million in 2023 and is expected to reach USD 746.2 million by 2030.
- The Spain market is expected to grow at a CAGR of 3.7% 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 579.7 million |
| Market revenue in 2030 | USD 746.2 million |
| Growth rate | 3.7% (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, Spain accounted for 2.3% 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 51.66% in 2023. Horizon Databook has segmented the Spain 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 Spain is expected to show steady growth owing to the increasing incidence of lifestyle disorders, particularly osteoarthritis, which affected approximately 7 million people in 2023, according to the OAFI Foundation.
The rising prevalence of this disease prompted key players in the market to develop innovative technologies, driving further expansion. In July 2022, Enovis, a medical technology company, announced the launch of Augmented Reality Surgical Guidance (ARVIS).
An innovative solution in surgical guidance. ARVIS utilizes augmented reality technology to provide realtime visual guidance to surgeons during complex procedures. Overlaying digital images and information onto the surgeon's view enhances precision & accuracy, ultimately improving surgical outcomes.
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Orthopedic Implants Market Scope
Orthopedic Implants Market Companies
| Name | Profile | # Employees | HQ | Website |
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Spain orthopedic implants market size, by product, 2018-2030 (US$M)
Spain Orthopedic Implants Market Outlook Share, 2023 & 2030 (US$M)
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