Orthopedic implant market to hit $68B by 2029: 4 notes

Orthopedic

The global orthopedic implant market is expected to surpass $68 billion by 2029, according to market research from Data Bridge.

Four things to know:

1. In 2022, the global orthopedic implant market was valued at $45 billion.

2. A key growth factor is the impending increase in the geriatric population, according to a March 30 news release. According to the World Health Organization, the average age of the global population will be 45.5 years by 2050.

3. Additional drivers and market opportunities include a rise in orthopedic surgery cases, increased focus on robotic surgeries and the advent of bioresorbable implants and internal fixation devices.

4. Key players identified in the report include Stryker, Zimmer Biomet, NuVasive and Medtronic.

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