Global orthopaedic implants market to grow by $12.54b until 2028

Meanwhile, the high costs of implants and related procedures challenge market growth.

The global market for orthopaedic implants is projected to grow by $12.54b until 2028 at a compound annual growth rate (CAGR) of over 5.72%, according to Technavio.

The report revealed joint replacements, spinal surgeries, and fracture repairs are key areas driving the market’s growth amidst health-conscious consumers and an ageing population dealing with arthritic conditions and musculoskeletal disorders.

Furthermore, the market’s expansion is also fueled by the integration of digital technology for streamlining workflows and advanced implant materials including metallic, ceramic, and polymer biomaterials.

Meanwhile, the high costs of implants and related procedures serve as challenges impeding the market’s growth.

“Costs vary based on applications and features, with pedicle screw implants priced between $900 and $1k per screw. Absorbable implants are more expensive than metallic ones,” The report said.