Market size
2021: $45.30B
2028: $64.18B
5.1%: Manufacturing technology
3D printing technology has greatly increased demand for customized implants.
Orthopedic injury, aging population
1.71 billion people with musculoskeletal conditions, globally per the World Health Organization (WHO), Feb. 2021
Orthopedic implant largest market share, by product, 2020
Global
41.6%
US
40.6%
Joint reconstruction (knee, hip, extremity)
2020 North American orthopedic implant market
$20.91B
Source: https://www.fortunebusinessinsights.com/industry-reports/orthopedic-implants-market-101659
Explore the May 2022 Issue
Check out more from this issue and find your next story to read.
Latest from Today's Medical Developments
- Best of 2024: #5 Article – Accelerating medical device development with freeform injection molding
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- Best of 2024: #6 Article – Closing the global product information gap
- Best of 2024: #6 News – NUBURU enters medical device market with order Blueacre Technology
- Season's greetings
- Best of 2024: #7 Article – Synchronized machining processes for medtech
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