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The global orthopedic implants market was valued at $45.05 billion in 2020 and is projected to reach $68.80 billion by 2030 registering a CAGR of 4.7%.
PORTLAND, OREGON, US, December 24, 2021 /EINPresswire.com / -- According to a new report published by Allied Market Research, titled,“Orthopedic Implants Market, by Product, Type, and Biomaterial: Global Opportunity Analysis and industry Forecast, 2021–2030'. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.
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The global orthopedic implants market was valued at $45.05 billion in 2020 and is projected to reach $68.80 billion by 2030 registering a CAGR of 4.7% from 2021 to 2030. Factors that drive the growth of the global orthopedic implants market are rise in prevalence of orthopedic injuries or diseases and rapid rise in geriatric population. In addition, technological innovations, such as robot-assisted surgical tools, acceptance for implantable medical devices, and widespread application of orthopedic implants to treat musculoskeletal, orthopedic diseases, & injuries further supplement the market growth.
Key Findings Of The Study:
•Based on product, the reconstructive joint replacements held the largest share in the global market in 2020.
•Based on type, the knee segment held the largest market share in 2020 and is expected to remain dominant during the forecast period.
•By biomaterial, the metallic biomaterial dominated the global market in 2020 and is anticipated to continue this trend during the forecast period.
•Based on region, North America is expected to experience growth at the highest rate, registering a CAGR of 4.5% during the forecast period.
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North America accounted for the largest share of the global orthopedic implants market in 2020, and is expected to remain dominant during the forecast period. This was attributed to rise in use of technologically advanced implants, higher awareness among the patients, high healthcare expenditure, availability of trained medical professionals, rise in number of product approvals, and supportive reimbursement policies in the healthcare system as well as large number of hospitals and clinics.
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•It offers fetal bovine serum market analysis from 2020 to 2030, which is expected to enable the stakeholders to capitalize on the prevailing opportunities in the market.
•A comprehensive analysis of four regions is provided to determine the prevailing opportunities.
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About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of 'Market Research Reports' and 'Business Intelligence Solutions.' AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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Allied Analytics LLP
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