The Orthopedic Implants Market size is valued at USD 43,728.2 million in 2021 and is expected to grow at a significant CAGR of 4.9% during the forecast period from 2022 to 2028. The global market provides a detailed overview of the Orthopedic Implants Market and that can be segmented By Biomaterial, Type. By Biomaterial, the orthopedic implants market has been segmented into Metallic Biomaterials, Ceramic Biomaterials, Polymers Biomaterials, and Others. The metallic biomaterials segment is likely to be the largest and fastest-growing segment in terms of biomaterials. Based on product type, the orthopedic implants market is segmented into Reconstructive Joint Replacements, Spinal Implants, Dental Implants, Trauma, Orthobiologics, Others. Among these, the reconstructive joint replacements segment is expected to have the fastest-growing market during the forecast period 2022-2028 according to Precision Business Insights. By application, the market has been segmented into Knee, Hip, Wrist & Shoulder, Dental, Spine, Ankle, Others. Among all the applications, Spine segment is expected to create lucrative opportunities over the forecast years.
In December 2021, DePuy Synthes, a branch of Johnson & Johnson, announced the acquisition of OrthoSpin through its Synthes GmbH affiliate. OrthoSpin is an Israeli company that develops a robotic-assisted external fixation method for orthopaedic treatments.