The global orthopedic implants market is anticipated to grow at a considerable CAGR of 5.0% during the forecast period. The growth of the orthopedic implants market is attributed to the rise in the number of multispecialty hospitals. These multispecialty hospitals have diagnostic clinical facilities, tests, or therapeutic procedures required for the detection, identification, and treatment of disease. The growth of the hospitals is attributed to rising investment in healthcare infrastructure from private players and the government. For instance, in the US, the expenditure on health care as a percentage of GDP in 2020 reached 18.7%, as compared to 16.7% in 2019 and 16.6% in 2018.
Browse the full report description of “Orthopedic Implants Market Size, Share & Trends Analysis Report by Product Type (Reconstructive Joint Replacements, Spinal Implants, Dental Implants, Trauma, Orthobiologics, and Others), by Biomaterial (Metallic Biomaterials, Ceramic Biomaterials, Polymeric Biomaterials, and Others), and by Type (Knee, Hip, Wrist and Shoulder, Dental, Spine, and Others) Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/Orthopedi-implants-market
Additionally, the health expenditure in the UK's share of gross domestic product increased to 12% of GDP in 2020 as compared to 9.9% in 2019 and 9.7% in 2018. The growth of the orthopedics market for hospitals is also attributed to the growing adoption of technologically advanced equipment and the expansion of hospital chains. For instance, in September 2021, Shalby Hospitals launched a dedicated orthopedic center in Udaipur. This is Shalby’s first orthopedic specialty franchise hospital in India, which offers OPD as well as IPD services to patients in and around Udaipur. SOCE (Shalby Orthopedics Centre of Excellence) Udaipur provides a full-service, walk-in orthopedic center for all orthopedic disorders, accidents and trauma, as well as sports injuries, under one roof. It provides a wide range of orthopedic services, including joint replacement surgeries, and is equipped with an operation theatre, ICU, and an emergency department.
Hospital discharge cases of Intracranial injury in European Countries, 2018-220
|
Country |
2018 |
2019 |
2020 |
|
Germany |
271,588 |
272,797 |
231,413 |
|
France |
88,751 |
86,043 |
79,476 |
|
Spain |
25,223 |
25,763 |
22,509 |
|
Italy |
37,382 |
35,140 |
27,338 |
|
Sweden |
10,100 |
11,212 |
10,908 |
Source: OECD
Market Coverage
• The market number available for – 2023-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Product Type
o By Biomaterial
o By Type
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- Includes India Medtronic Pvt. Ltd., Medical Devices Business Services, Inc., Smith & Nephew plc, Stryker, and Zimmer Biomet, among others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Orthopedic Implants are Market Report by Segment
By Product Type
By Biomaterial
By Type
Global Orthopedic Implants are Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/Orthopedi-implants-market