Europe Orthopedic Implants Market Size, Share & Industry Trends Analysis Report By Product (Knee Implants, Spinal Implants, Craniomaxillofacial Implants, Hip Implants, Dental Implants and SET Implants), By End-use, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Europe Orthopedic Implants Market would witness market growth of 6.4% CAGR during the forecast period (2022-2028).
The market's expansion is supported by technical advancements like robot-assisted surgical instruments, the adoption of implanted medical devices, and the widespread use of orthopedic implants to treat musculoskeletal and orthopedic illnesses, & injuries. Together with the causes mentioned above, technical developments in orthopedic implants, such as the creation of sophisticated implants, are anticipated to support the expansion of the market share for orthopedic implants.
Also, several significant players use crucial techniques including innovation and teamwork, to enhance orthopedic implants and provide cutting-edge implant technologies. In addition, the government and several other organizations advise doctors and patients about orthopedic implants and their uses. Also, an increase in government spending on digital technologies for the healthcare industry is anticipated to fuel market expansion. Not only in developed nations but also in emerging nations, there is a need for orthopedic implants, which is what drives the market's development.
Several European countries are seeing a sharp increase in their senior populations. According to a 2018 Ageing Report published by the EU, the overall population of the EU is expected to rise from 511 million in 2016 to 520 million in 2070. Nevertheless, the number of people of working age (defined as those between the ages of 15 and 64) will decrease, falling from 333 million in 2016 to 292 million in 2070. All of these elements contribute to the market growth in the Europe region. Older folks' most frequent and severe health problems in England were falls and fractures. Distress, suffering, injury, loss of independence, confidence, and even death are all part of the human cost. Health care is both expensive and widely available.
The Germany market dominated the Europe Orthopedic Implants Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,066.6 Million by 2028. The UK market is anticipated to grow at a CAGR of 5.5% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 7.1% during (2022 - 2028).
Based on Product, the market is segmented into Knee Implants, Spinal Implants, Craniomaxillofacial Implants, Hip Implants, Dental Implants and SET Implants. Based on End-use, the market is segmented into Hospitals, Orthopedic Clinics and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Orthopedic Implants Market will Hit $45.7 Billion by 2028, at a CAGR of 6.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Medtronic PLC, Johnson & Johnson (DePuy Synthes), Stryker Corporation, Zimmer Biomet Holdings, Inc., Smith & Nephew PLC, ConMed Corporation, B. Braun Melsungen AG (Aesculap, Inc.), Colfax Corporation, NuVasive, Inc., and Arthrex, Inc.
Scope of the Study
Market Segments Covered in the Report:
- Knee Implants
- Spinal Implants
- Craniomaxillofacial Implants
- Hip Implants
- Dental Implants
- SET Implants
- Orthopedic Clinics
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Medtronic PLC
- Johnson & Johnson (DePuy Synthes)
- Stryker Corporation
- Zimmer Biomet Holdings, Inc.
- Smith & Nephew PLC
- ConMed Corporation
- B.Braun Melsungen AG (Aesculap, Inc.)
- Colfax Corporation
- NuVasive, Inc.
- Arthrex, Inc.
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