Advanced orthopedic technologies, implants, and regenerative products refer to a range of medical products and techniques used to treat and improve patient outcomes and quality of life for individuals with orthopedic conditions. It is used to improve the results of orthopedic treatments, patients’ mobility and functionality, and tissue regeneration and healing.
Sizing and Forecast
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.
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Segmentation & Regional Insights
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
North America was the largest region in the advanced orthopedic technologies, implants, and regenerative products market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the advanced orthopedic technologies, implants, and regenerative products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the advanced orthopedic technologies, implants, and regenerative products market report are Johnson & Johnson, Medtronic PLC, Stryker Corporation, B Braun Medical Inc., Zimmer Biomet Holdings Inc., Smith & Nephew PLC, Arthrex Inc., Integra LifeSciences Holdings Corporation, Lepu Medical Technology Co Ltd., NuVasive Inc., CONMED Corporation, Globus Medical Inc., Wright Medical Group N.V., Bioventus LLC, Orthofix Medical Inc., Alphatec Holdings Inc., Acumed LLC, MiMedx Group Inc., Exactech Inc., Anika Therapeutics Inc., DJO Global Inc., Misonix Inc., Osiris Therapeutics Inc., Bacterin International Holdings Inc., Cerapedics Inc., Histogenics Corporation, Kuros Biosciences AG, Life Spine Inc., Aurora Spine Corporation, Camber Spine Technologies LLC.
The advanced orthopedic technologies, implants, and regenerative products market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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