The Advanced Orthopedic Technologies, Implants, And Regenerative Products Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Advanced Orthopedic Technologies, Implants, And Regenerative Products Global Market Report 2024, The advanced orthopedic technologies, implants, and regenerative products market size has grown strongly in recent years. It will grow from $63.99 billion in 2023 to $68.21 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to aging population, rising incidence of orthopedic conditions, joint replacement surgeries, reimbursement policies, globalization of orthopedic markets.
The advanced orthopedic technologies, implants, and regenerative products market size is expected to see strong growth in the next few years. It will grow to $85.26 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to nano-scale orthopedic treatments, patient-specific instrumentation, precision medicine in orthopedics, value-based healthcare, ambulatory surgery centers (ascs) growth. Major trends in the forecast period include regenerative medicine advances, robotics-assisted surgery, 3d printing technology, advancements in biomaterials, smart implants, biodegradable implants, integration of augmented reality (ar) and virtual reality (vr), collaboration with data analytics companies, sustainable orthopedics.
The increasing incidence of orthopedic disorders is expected to propel the growth of the advanced orthopedic technologies, implants, and regenerative products market going forward. Orthopedic disorders refer to conditions that affect the musculoskeletal system, including the bones, joints, muscles, tendons, ligaments, and cartilage. The increasing number of orthopedic diseases leads to a rise in demand for advanced orthopedic technologies, implants, and regenerative products, as they are used for diagnosing, treating, and managing orthopedic disease symptoms and causes. For instance, in June 2023, according to Versus Arthritis, a UK-based charity dedicated to supporting people with arthritis, around 450,000 people in the UK have rheumatoid arthritis, 190,000 adults have psoriatic arthritis, and 10 million people have osteoarthritis, compared to 430,000 people with rheumatoid arthritis, 100,000 adults with psoriatic arthritis, and 8.5 million people with osteoarthritis in 2021, respectively. Therefore, the increasing incidence of orthopedic disorders drives the growth of the advanced orthopedic technologies, implants, and regenerative products market.
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The advanced orthopedic technologies, implants, and regenerative products market covered in this report is segmented –
1) By Type: Implants, Regenerative Products
2) By Product: Orthopedic Fixation Devices, Orthopedic Replacement Devices, Orthopedic Prosthetics, Orthopedic Braces And Support Products, Spinal Implants And Surgical Devices, Arthroscopy Instruments, Orth Biologics, Bone Graft Substitutes
3) By Site: Hip And Pelvis, Foot And Ankle, Knee And Thigh, Hand And Wrist, Shoulder, Arm And Elbow, Spine, Craniomaxillofacial
4) By Application: Hospitals, Ambulatory Surgical Centers, Specialty Clinics, Other Applications
Advancements in technology are a key trend gaining popularity in the advanced orthopedic technologies, implants, and regenerative products market. Major companies operating in the advanced orthopedic technologies, implants, and regenerative products market are adopting new technologies to sustain their position in the market. For instance, in January 2023, Orthofix Medical Inc., a US-based medical device company providing spinal, orthopedic, bone growth, and motion preservation products, launched the Mariner deformity pedicle screw system. This system aims to offer a comprehensive solution that meets clinical goals and expands the Mariner family’s modular platform. It combines biologics and 7-D Flash navigation with machine vision precision and segmental registration. The Mariner deformity system uses Mariner’s reliable modular technology to offer a wide range of implants while minimizing the usual number of surgical trays needed for deformity surgery.
The advanced orthopedic technologies, implants, and regenerative products market report table of contents includes:
1. Executive Summary
2. Advanced Orthopedic Technologies, Implants, And Regenerative Products Market Characteristics
3. Advanced Orthopedic Technologies, Implants, And Regenerative Products Market Trends And Strategies
4. Advanced Orthopedic Technologies, Implants, And Regenerative Products Market – Macro Economic Scenario
5. Global Advanced Orthopedic Technologies, Implants, And Regenerative Products Market Size and Growth
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26. South America Advanced Orthopedic Technologies, Implants, And Regenerative Products Market
27. Brazil Advanced Orthopedic Technologies, Implants, And Regenerative Products Market
28. Middle East Advanced Orthopedic Technologies, Implants, And Regenerative Products Market
29. Africa Advanced Orthopedic Technologies, Implants, And Regenerative Products Market
30. Advanced Orthopedic Technologies, Implants, And Regenerative Products Market Competitive
Landscape And Company Profiles
Top Major Players:
- Johnson & Johnson
- Medtronic PLC
- Stryker Corporation
- B Braun Medical Inc
- Zimmer Biomet Holdings Inc
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