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Orthopedic Contract Manufacturing Market Trends

  • Report ID: GMI8192
  • Published Date: Feb 2024
  • Report Format: PDF

Orthopedic Contract Manufacturing Market Trends

The consistent technological advancements in the field of orthopedic contract manufacturing by enabling the innovative technologies in the devices has led to their increased demand globally. Utilization of favourable biomaterials technologies to build more advanced devices are supporting the growth of the market.
 

  • Ongoing technological advancement efforts have resulted in innovative manufacturing techniques, including additive manufacturing process. For instance, the utilization of biomaterials, such as selective laser melting (SLM) and electron beam melting (EBM), enables the fabrication of orthopedic implants, including parts of hip implants such as the femoral head, stem, and neck. Such technologies help in the development of customized orthopedic implants and improve the effectiveness of surgeries. All these factors contribute to the increasing demand for market.
     
  • Further, ceramic materials such as alumina and zirconia are increasingly being used in orthopedic implants due to their high biocompatibility, wear resistance, and low friction properties. For instance, the utilization of advanced ceramic composites with improved mechanical properties and bioactivity for enhanced osseointegration. These advanced materials facilitate adherence to specified manufacturing and safety standards by virtue of their inherent properties, thereby enabling the creation of high-quality medical devices for patient care. These factors collectively drive the growing demand within the market.
Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The global orthopedic contract manufacturing industry was valued at around USD 7 billion in 2023 and is expected to reach around USD 15.3 billion by 2032, owing to the increasing prevalence of orthopedic disorders.

The implants segment held leading revenue share in 2023 and is anticipated to reach USD 9.3 billion by 2032, driven by the increasing incidence of sports-related injuries, pushing the demand for orthopedic implant devices.

North America orthopedic contract manufacturing market accounted for USD 2.6 billion in 2023 and is predicted to witness substantial growth by 2032, backed by collaboration, and adoption of advanced orthopedic solutions.

ARCH Medical Solutions Corp., Autocam Medical, Avalign Technologies, CRETEX Medical, LISI Medical, Norman Noble, Inc., Orchid MPS Holdings, LLC, Paragon Medical, Tecomet, Inc. and Viant.

Orthopedic Contract Manufacturing Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 10
  • Tables & Figures: 449
  • Countries covered: 22
  • Pages: 210
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