U.S. Bioabsorbable Orthopedics Implants Market – Industry Trends and Forecast to 2030

U.S. Bioabsorbable Orthopedics Implants Market Analysis and Size

The orthopedic implants market is expected to expand because of the rise in the elderly population across the world. As per the U.S. Census Bureau, more than 56 million adults aged 65 years and above live in the U.S., resulting in around 16.9% of the nation's population. A huge influence by healthcare professionals by the continuous innovations of implants. The market will likely benefit in the upcoming years from rising demand for less invasive and cost-effective joint replacement surgery methods.

Data Bridge Market Research analyses a growth rate in the bioabsorbable orthopedics implants market in the forecast period 2023-2030. The expected CAGR of the bioabsorbable orthopedics implants market tends to be around 9.00% in the mentioned forecast period. The market was valued at USD 8.50 billion in 2022 and would grow to USD 16.93 billion by 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Report Scope and Market Segmentation

Market Definition

An orthopedic implant is a medical device that replaces or supports a missing joint or bone. The medical implant is typically made up of stainless steel and titanium alloys and a plastic coating that works as an artificial cartilage. orthopaedic impalnts are widely used in minimally invasive operations to treat lumbar spinal stenosis and spinal injuries. The materials used in bioabsorbable implants can be either synthetic or natural. Also, bioabsorbable implants are specified for various indications, from ocular implants to fixations of bone grafts.

U.S. Bioabsorbable Orthopedics Implants Market Dynamics

Drivers

• Growing Rate of Orthopedic Surgeries

The increasing number of orthopedic operations is increasing the growth of the market. The need for orthopedic implants is growing because of the rise in accidents, traumas, and injuries. Additionally, middle-aged bone diseases and bone density issues are also increasing. Around 7 million orthopedic surgeries occurred in the U.S. in 2021. Furthermore, elective orthopedic procedures are expected to be 47% of the total spend for orthopedic treatments. Thus, this boosts market growth.  

• Growing Involvement in 3D printing technology

3D printing technology has gained a lot of attraction among medical device manufacturers for manufacturing prototypes, patient-specific implants, and biodegradable implants, which are boosting the industry forward. 3D printing in orthopedics helps understand the root causes of diseases and successfully carry out the operation. This technology can allow doctors or surgeons to design, produce, recreate, and plan operations more carefully, accurately, and economically. Thus, this factor boosts the growth of the market.

Opportunities

• Increasing Incidence of Elderly  Population

The orthopedic implant market is expected to develop because of an increase in the aged population in this region. According to the U.S. Census Bureau, more than 54 million adults aged 65 years and above live in the U.S. today, resulting in around 16.5% of the nation's population. Patients of this age group are increasingly choosing orthopedic implants because of lifestyle-associated concerns such as early burnout and lack of exercise. The enhancement of the orthopedic implants market is anticipated to be boosted by an increase in mean age over the next few years. Thus, these factors are expected to fuel the market from 2023 to 2030.

• Rising Demand for Robotics

Robotic surgery is becoming increasingly popular in many areas. The wide use of automation in orthopedic implant technologies is enabling several new growth opportunities. Additionally, the use of robots eases the process of surgery. Robots are much more feasible and capable of doing more successful surgeries. Its advantages are helpful in the rapid growth of the market. The top regional companies invest millions of dollars in orthopedic implants, boosting market growth.

Restraints/Challenges

• High Cost of Surgery and Implantation

The increasing cost of surgical implantation is impeding the growth of the market. The high cost of system maintenance and installation, regular checking of security and service quality, and Involvement of high-end technologies are restraining the market growth. Thus, these factors restrict market growth.

This bioabsorbable orthopedics implants market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the bioabsorbable orthopedics implants market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Developments

• In 2021, DePuy Synthes, a branch of Johnson & Johnson, acquired OrthoSpin through its Synthes GmbH affiliate. OrthoSpin is an Israeli company that manufactures a robotic-assisted external fixation method for orthopedic treatments.
• In 2020, Medtronic announced that their Adaptix Interbody System, the first guided titanium implant with Titan nanoLOCK Surface Technology, would be available in the U.S. The company's latest product has improved its credibility and demand in the market, leading to greater revenue in the region.

U.S. Bioabsorbable Orthopedics Implants Market Scope

The bioabsorbable orthopedics implants market is segmented on the basis of product type, biomaterial, procedure, device type, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

• Reconstructive Joint Replacements
• Spinal Implants
• Dental Implants
• Orthobiologics
• Trauma and Craniomaxillofacial Implants
• Others

Biomaterial

• Ceramics Biomaterials
• Metallic Biomaterials
• Polymeric Biomaterials
• Natural Biomaterials Constipation

Procedure

• Open Surgery
• Minimally Invasive Surgery (MIS)
• Others

Device Type

• Internal Fixation Devices
• External Fixation Devices
• Orthopedic rods/wire
• Orthopedic screws
• Orthopedic plates
• Fixation pins
• Orthopedic nails sodium phosphate enemas

Application

• Neck Fracture
• Spine Fracture
• Hip Replacement
• Shoulder Replacement
• Others

End User

• Hospitals
• Orthopedic Clinics
• Home Cares
• Others

Healthcare Infrastructure Growth Installed base and New Technology Penetration

The bioabsorbable orthopedics implants also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for bioabsorbable orthopedics implants market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the bioabsorbable orthopedics implants market. The data is available for historic period 2011-2021.

Competitive Landscape and U.S. Bioabsorbable Orthopedics Implants Market Share Analysis

The bioabsorbable orthopedics implants market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, U.S. presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to Bioabsorbable orthopedics implants market.

Key players operating in the bioabsorbable orthopedics implants market include:

• CONMED Corporation (U.S.)
• Wright Medical Group N.V. (U.S.)
• Stryker (U.S.)
• Medtronic (Ireland)
• Smith+Nephew (U.K.)
• Zimmer Biomet (U.S.)
• Integra LifeSciences (U.S.)
• B. Braun Melsungen AG (Germany)
• Arthrex, Inc. (U.S.)
• Baxter (U.S.)
• Globus Medical (U.S.)
• DJO, LLC (U.S.)
• NuVasive, Inc. (U.S.)
• The Orthopaedic Implant Company (U.S.)
• Aesculap, Inc. (U.S.)
• Flexicare Medical Limited (Australia)
• Agilent Technologies (U.S.)
• Narang Medical Limited (India)
• Auxein Medical (India)
• Uteshiya Medicare (India)

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