, /PRNewswire/ -- The global orthopedic implants market size is estimated to grow by .54 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 5.
72% during the forecast period. For comprehensive forecast and historic data on regions, market segments, customer landscape, and companies- The orthopedic implants market experiences significant growth through strategic alliances, enabling manufacturers to expand their product lines and reach wider geographies without substantial financial investment. These collaborations, including those for product development and commercialization, offer benefits such as cost containment and extended product offerings.
Notable initiatives include Stryker's acquisition of SERF SAS in 2024, bolstering their European presence and expanding their implant portfolio. Key areas driving market growth include joint replacements, spinal surgeries, and fracture repairs, catering to health-conscious consumers and an aging population dealing with arthritic conditions and musculoskeletal disorders. Digital technology integration and advanced implant materials, such as metallic, ceramic, and polymer biomaterials, further fuel market expansion.
• The orthopedic implants market faces significant challenges due to the high cost of implants and related procedures. Orthopedic implants cater to various conditions affecting the joints, spine, and maxillofacial injuries. Costs vary based on applications and features, with p.
