U.S. Orthopedic Implants Market Size & Outlook, 2023-2030
U.S. orthopedic implants market, 2018-2030 (US$M)
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U.S. orthopedic implants market highlights
- The U.S. orthopedic implants market generated a revenue of USD 10,874.4 million in 2023 and is expected to reach USD 12,923.8 million by 2030.
- The U.S. 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.
Orthopedic implants market data book summary
| Market revenue in 2023 | USD 10,874.4 million |
| Market revenue in 2030 | USD 12,923.8 million |
| Growth rate | 2.5% (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, U.S. accounted for 42.7% 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 North America, U.S. orthopedic implants market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 924.1 million by 2030.
Lower extremity implants was the largest segment with a revenue share of 52.46% in 2023. Horizon Databook has segmented the U.S. 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 U.S. market for orthopedic implants is driven by factors such as an increase in healthcare expenditure across the globe and rise in the applications of 3D printing in the healthcare sector. The need for regulatory compliance and the requirement of high capital investment restrict the entry of new players into the market.
Companies offering various types of implants are increasingly adopting expansion strategies, such as product launches, mergers, acquisitions, partnerships, and collaborations. For instance, in March 2023, Bioretec Ltd received FDA approval for its bioresorbable metal product, RemeOs trauma screw, for the healing of bone fractures.
This product is a combination of traditional surgical techniques with the latest bio resorbable polymer implants, which is patient-friendly and eliminates the need for implant removal operations.
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Orthopedic Implants Market Scope
Orthopedic Implants Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. orthopedic implants market size, by product, 2018-2030 (US$M)
U.S. Orthopedic Implants Market Outlook Share, 2023 & 2030 (US$M)
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