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.
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
