The Rising Demand in the Orthopedic Implant Market

​The orthopedic devices industry continues to grow significantly. By 2032, the global market is projected to reach $94.06 billion, growing at a CAGR of 5.3% from 2023. It’s an industry that offers rewarding careers, too, with strong demand for individuals who can use cutting-edge technology to improve patients’ lives.

Why is the orthopedic implants sector growing?

Medical innovation and an aging demographic are two key factors behind the growth in the orthopedic implant sector. The increasing elderly population, projected to reach 1.5 billion globally by 2050, is driving demand for hip and knee replacement procedures.

Obesity and a lack of exercise are also key lifestyle factors contributing to a higher rate of conditions such as osteoarthritis and degenerative bone disease.

Demand is also strong for trauma-related devices such as spinal implants for those involved in road collisions and sporting accidents. Approximately 3.2 million children are treated annually in emergency departments in the United States for sports and recreation-related injuries.

Technologies developing to meet increased demand

In response to this demand, new technologies are being developed. Important areas of innovation include:

3D printing

Customized devices made using 3D printing technology have the potential to reduce surgery duration and cost, as well as improving device stability in the longer term. 3D printing can be used for anatomical models and surgical tools, as well as implants with size-controlled micro-pore structures to improve integration between bone and metal.

Smart sensor-enabled technology

Devices with embedded sensors provide surgeons with real-time data, helping to improve positioning and post-operative evaluation. The technology may help to address the growing problem of periprosthetic infection.

Use of robotics during surgery

Robotic devices enable procedures to be carried out with smaller incisions and greater reproducible precision. The high cost of the technology is one of the reasons why it has yet to be adopted widely, though this could change in future.

Diagnostic and surgical imaging

3D imaging helps surgeons to improve implant positioning and develop a better understanding of the musculoskeletal system. Improved surgical navigation and imaging systems enhance the tracking of instruments during a procedure.

Annual growth rate expected to reach $71.74 billion by 2032

The orthopedic replacement implant market was valued at $45.19 billion in 2023 and is expected to grow to $71.74 billion by 2032, at a CAGR of 5.3%

The United States continues to dominate the orthopedic devices industry, holding over 45% of the global market share, driven by advanced healthcare infrastructure and technology adoption. Manufacturers are promoting the use of longer-lasting materials such as titanium, cobalt, chromium, molybdenum, and polyethylene instead of the plastic and ceramic used in earlier devices.

Top skills in demand

As research and development investment increases, EPM Scientific is experiencing greater demand for R&D engineers, as well as mechanical and electrical engineers in the orthopedic implant space.

Today’s candidates are motivated by companies who are pushing the boundaries when it comes to cutting-edge technologies, so investment in this space is likely to attract the top talent over the coming months.

The rapid development of technologies in orthopedic implants means that life sciences professionals can anticipate roles with great prospects, competitive remuneration and the opportunity to make a real difference to patients’ lives through innovation.

If you’re trying to attract top engineering talent in this market, or you’d like to discuss the current opportunities available, please contact us to find out more.