Europe Orthopedic Implants Market, By Product Type (Reconstructive Joint Replacements, Spinal Implants, Dental Implants, Orthobiologics, Trauma & Craniomaxillofacial, Others), Biomaterial (Ceramics Biomaterials, Metallic Biomaterials, Polymeric Biomaterials, Natural Biomaterials), Procedure (Open Surgery, Minimally Invasive Surgery (MIS), Others), Device Type (Internal Fixation Devices, External Fixation Devices), Application (Neck Fracture, Spine Fracture, Hip Replacement, Shoulder Replacement, Others), End-User (Hospital, Orthopedic Clinics, Home Cares, Others) – Industry Trends and Forecast to 2030.
Europe Orthopaedic Implants Market Analysis and Size:
The increasing prevalence of orthopaedic disorders and advances in technology have significantly improved the design and functionality of orthopaedic implants and have carved the way for the growth of orthopaedic implants market. The market for orthopaedic implants has been growing steadily due to several factors. Firstly, the Europe has a rapidly aging population, which is more prone to orthopaedic conditions and degenerative diseases. Additionally, the increasing participation in sports activities and the growing popularity of high-impact sports have led to a rise in sports-related injuries, including fractures and ligament tears.
Data Bridge Market Research analyses that the Europe orthopaedic implants market, which was USD 15,280.00 million in 2022, would rocket up to USD 37,241.01 million by 2030 and is expected to undergo a CAGR of 13.1% during the forecast period. This indicates that reconstructive joint replacements dominate the product type segment of the orthopaedic implants market. Technological advancements have led to the development of rapid and implant devices for various use. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Europe Orthopaedic Implants Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Europe Orthopedic Implants Market, By Product Type (Reconstructive Joint Replacements, Spinal Implants, Dental Implants, Orthobiologics, Trauma & Craniomaxillofacial, Others), Dental Biomaterial (Ceramics Biomaterials, Metallic Biomaterials, Polymeric Biomaterials, Natural Biomaterials), Procedure (Open Surgery, Minimally Invasive Surgery (MIS), Others), Device Type (Internal Fixation Devices, External Fixation Devices), Application (Neck Fracture, Spine Fracture, Hip Replacement, Shoulder Replacement, Others), End-User (Hospital, Orthopedic Clinics, Home Cares, Others)
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Countries Covered
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Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, and the Rest of Europe
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Market Players Covered
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EnvisionTEC, Cyfuse Biomedical K.K., EOS, 3D Systems, Inc., Stratasys Ltd., FabRx Ltd, Arcam, Formlabs, SLM Solutions, Organovo Holdings Inc., Oxford Performance Materials, Materialise, Xilloc Medical B.V., Renishaw plc, OSSEUS, Present. Onshape Inc., Johnson & Johnson Services, Inc., Optomec, Inc., GENERAL ELECTRIC, Stryker, and AUTODESK, INC
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Market Opportunities
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Market Definition
The Europe orthopaedic implants market is for medical devices implanted into the body to replace or support damaged or diseased musculoskeletal structures, such as bones, joints, ligaments, tendons, and cartilage. Orthopaedic implants are designed to restore mobility, alleviate pain, and improve the overall functionality of the affected body part.
The market encompasses a wide range of orthopaedic implants, including joint replacements (such as hip, knee, and shoulder implants), spinal implants, trauma implants (such as plates, screws, and nails), orthobiologics (biological materials used for bone regeneration), and other specialized implants for specific orthopaedic conditions.
Europe Orthopaedic Implants Market Dynamics
Drivers
- Increasing Prevalence of Orthopaedic Disorders:
The rising incidence of orthopaedic disorders, such as osteoarthritis, osteoporosis, and fractures, among the aging population in the Europe, is a major driver for the orthopaedic implants market. These conditions often require surgical interventions and orthopaedic implants to restore mobility and functionality.
- Growing technological advancements:
Advances in technology have significantly improved the design and functionality of orthopaedic implants. The development of innovative materials, such as titanium and bioresorbable materials, and the introduction of minimally invasive surgical techniques have enhanced the performance and durability of orthopaedic implants. These advancements have increased the acceptance and adoption of orthopedic implants, driving the market growth.
- Increasing Geriatric Population:
The Europe has a rapidly aging population, which is more prone to orthopedic conditions and degenerative diseases. As the elderly population grows, the demand for orthopedic implants are expected to rise. Older adults often require joint replacements, such as hip and knee implants, to restore mobility and improve their quality of life.
Opportunities
- Rising Sports Injuries:
The increasing participation in sports activities and the growing popularity of high-impact sports have led to a rise in sports-related injuries, including fractures and ligament tears. Orthopedic implants are commonly used to treat such injuries, providing stability and support to the affected joints or bones. The growing sports industry in Europe fuels the demand for orthopaedic implants
- Favorable Reimbursement Policies:
Many European countries have well-established healthcare systems with favorable reimbursement policies for orthopaedic procedures, which encourages patients to opt for surgical interventions involving orthopaedic implants, driving the market growth. Accessible healthcare and reimbursement schemes also contribute to the overall market expansion.
Restraints/Challenges
- High Cost of Implants:
Orthopedic implants are often expensive due to the advanced materials and technologies used in their manufacturing. The high cost of implants can limit their accessibility, especially in countries with constrained healthcare budgets. Affordability issues may hinder the adoption of orthopedic implants, particularly for patients without adequate insurance coverage or financial resources.
- Stringent Regulatory Requirements
The orthopedic implants market is subject to stringent regulatory requirements, including safety and efficacy assessments, quality control, and compliance with standards and guidelines. Obtaining regulatory approvals and certifications can be a time-consuming and costly process, which may delay the introduction of new products or innovations into the market.
This Europe orthopedic implants market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the 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 Europe orthopedic implants market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve the market growth.
Recent Development
- In May 2023, 3D Systems announced The Technology House (TTH), an Ohio-based contract manufacturer, has purchased an SLA 750 to enhance its manufacturing workflow. 3D Systems' latest Stereolithography (SLA) printer offers unprecedented levels of throughput and reliability as compared to other available SLA printers.
- In May 2023, General Electric joins the Renaissance Partners Program from Majarra, a leading online Arabic content platform, announced a partnership agreement with General Electric to join Majarra's "Renaissance Partners Program." The Program enables institutions and businesses to play an active role in increasing access to the world of Arabic language knowledge, nurturing the youth of tomorrow.
Europe Orthopaedic Implants Market scope
The Europe orthopaedic 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 analyse 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 & Craniomaxillofacial
- Others
Biomaterial
- Ceramics Biomaterials
- Metallic Biomaterials
- Polymeric Biomaterials
- Natural Biomaterials
Procedure
- Open Surgery
- Minimally Invasive Surgery (MIS)
- Others
Device type
- Internal Fixation Devices
- External Fixation Devices
Application
- Neck Fracture
- Spine Fracture
- Hip Replacement
- Shoulder Replacement
- Others
End-user
- Hospital
- Orthopedic Clinics
- Home Cares
- Others
Europe Orthopaedic Implants Market Regional Analysis/Insights
The Europe orthopedic implants market is analysed and market size insights and trends are provided product type, biomaterial, procedure, device type, application, and end-user as referenced above.
The countries covered in the Europe orthopedic implants market report are Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe.
Germany is expected to dominate the Europe orthopedic implants market due to the presence of major key players, high disposable income, high healthcare expenditure, and well-developed healthcare sector in this region
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed base and New Technology Penetration
The Europe orthopedic implants market 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 Europe orthopedic implants market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the Europe orthopedic implants market. The data is available for historic period 2015-2021.
Competitive Landscape and Europe Orthopedic Implants Market Share Analysis
The Europe orthopedic 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, global 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 Europe orthopedic implants market.
Some of the major players operating in the Europe orthopedic implants market are:
- EnvisionTEC; Cyfuse
- Biomedical K.K.;
- EOS
- 3D Systems, Inc.
- Stratasys Ltd.
- FabRx Ltd
- Arcam
- Formlabs
- SLM Solutions
- Organovo Holdings Inc.
- Oxford Performance Materials
- Materialise
- Xilloc Medical B.V.
- Renishaw plc
- OSSEUS
- Present. Onshape Inc.
- Johnson & Johnson Services, Inc.
- Optomec, Inc.
- GENERAL ELECTRIC
- Stryker and AUTODESK, INC
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