North America Smart Orthopedic Implants Market Size & Outlook
The smart orthopedic implants market in North America is expected to reach a projected revenue of US$ 13,587.1 million by 2030. A compound annual growth rate of 3.3% is expected of North America smart orthopedic implants market from 2023 to 2030.
Revenue, 2022 (US$M)
$10,483.7
Forecast, 2030 (US$M)
$13,587.1
CAGR, 2023 - 2030
3.3%
Report Coverage
North America
North America Smart Orthopedic Implants Market, 2018-2030 (US$M)
Global Market
Related Markets
North America smart orthopedic implants market highlights
- The North America smart orthopedic implants market generated a revenue of USD 10,483.7 million in 2022.
- The market is expected to grow at a CAGR of 3.3% from 2023 to 2030.
- In terms of segment, knee was the largest revenue generating application in 2022.
- Hip is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 10,483.7 million |
| Market revenue in 2030 | USD 13,587.1 million |
| Growth rate | 3.3% (CAGR from 2022 to 2030) |
| Largest segment | Knee |
| Fastest growing segment | Hip |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Knee, Hip |
| Key market players worldwide | Zimmer Biomet Holdings Inc, Stryker Corp |
Other key industry trends
- In terms of revenue, North America region accounted for 42.2% of the global smart orthopedic implants market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 6,148.8 million by 2030.
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Smart Orthopedic Implants Market Scope
Smart Orthopedic Implants Market segmentation & scope
Smart Orthopedic Implants Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Stryker Corp | View profile | 52,000 | 1941 Stryker Way, Portage, MI, United States, 49002 | www.stryker.com |
| Zimmer Biomet Holdings Inc | View profile | 18,000 | 345 East Main Street, Warsaw, IN, United States, 46580 | www.zimmerbiomet.com |
North America Smart Orthopedic Implants Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Smart Orthopedic Implants Market Outlook will help companies and investors design strategic landscapes.
Knee was the largest segment with a revenue share of 46.76% in 2022.
Horizon Databook has segmented the North America smart orthopedic implants market based on knee, hip covering the revenue growth of each sub-segment from 2018 to 2030.
- North America Smart Orthopedic Implants Market Application Outlook (Revenue, USD Million , 2018-2030)
- Knee
- Hip
- Others
- North America Smart Orthopedic Implants Market Component Outlook (Revenue, USD Million , 2018-2030)
- Implants
- Electronic Components
- North America Smart Orthopedic Implants Market Procedure Outlook (Revenue, USD Million , 2018-2030)
- Total Replacement
- Partial Replacement
- Others
- North America Smart Orthopedic Implants Market End Use Outlook (Revenue, USD Million , 2018-2030)
- Hospitals
- Others (ASCs, Research Institutes)
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America Smart Orthopedic Implants Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into North America Smart Orthopedic Implants Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
North America Smart Orthopedic Implants Market, 2018-2030 (US$M)
North America smart orthopedic implants market statistics, by application, 2018-2030 (US$M)
