Report Description

Global orthopedic devices market is anticipated to grow at an impressive CAGR in the forecast period of 2024-2028. The high prevalence of orthopedic problems, such as degenerative bone disease, fractures, injuries and falls, among others are expected to drive the market growth. Additionally, increasing geriatric population which is susceptible to bone related problems such as arthritis, osteoporosis, among others is further expected to increase the demand for orthopedic diseases. Besides, increase in traffic accidents are further expected to increase the demand for orthopedic devices due to injuries caused due to accidents. Furthermore, the market is expected to rise as a result of the early onset of musculoskeletal problems, which are usually brought on by obesity and a sedentary lifestyle. Around 1.71 billion individuals worldwide suffer from musculoskeletal problems, according to data from the Global Burden of Disease report from 2021. Therefore, from 2022 to 2028, a rise in musculoskeletal problems is projected to drive the market.

Surge in Cases of Orthopedic Conditions and Traumatic Injuries

Nearly 6.8 million people with orthopedic injuries seek medical attention annually in the United States alone, according to the American Academy of Orthopedic Surgeons. Furthermore, it is anticipated that demand for orthopedic surgical devices will rise in the near future due to a crucial rise in the prevalence of osteoporosis, also known as brittle bone, which is characterized by a low bone to mass density ratio and a physical weakening of bone structures. More than 53 million Americans who are having a low bone to mass ratio are estimated to have osteoporosis, according to the National Institutes of Health (NIH).

Growing Geriatric Population

The growing elderly population and increase in orthopedic illnesses is contributing towards an increased demand for orthopedic devices. The study on the ageing of the world population by the United Nations estimates that 727 million individuals worldwide are 65 or older. By the end of 2050, the population is projected to double and reach 1.5 billion. According to projections, the proportion of older people in the world population would increase from about 9.3% in 2020 to 16% by 2050. The majority of orthopedic disorders are caused by ageing and are expected to rise as the population ages.

An increase in medical comorbidities, a reduction in physiological reserve, mortality, and morbidity after trauma may vary considerably in younger patients and individuals aged 70 years. More serious injuries are probable to take place in a person aged 70 years or above because of a fall or a similar incident. In the United States, the geriatric population (ageing 65 years or over) makes up about 25% of the total trauma patients, according to the National Trauma Database. Also, senior citizens are more vulnerable to injuries and disorders related to musculoskeletal system.

Furthermore, due to the increased risk of hip fractures in older people, a clear rise in the geriatric population base is complementing the growth of the orthopedic devices market. The United Health Foundation projected in 2015 that over 300,000 elderly individuals of age 65 or above are admitted to hospitals annually for hip fractures. Additionally, about 30% of senior citizens fall annually, which raises the incidence of orthopedic injuries and increases demand for these devices.

Recent Developments

The orthopedics business of Integra LifeSciences Corp was acquired by Smith & Nephew PLC for USD 240 million in September 2020. This aided the company to expand and strengthen its product portfolio.

RI.HIP NAVIGATION was launched by Smith & Nephew PLC in July 2020 for total hip arthroplasty (THA). The system is designed to cater for maximum accuracy as well as reproducibility by offering patient-specific component alignment.

All the assets of a private company, StelKast, which is a producer of hip and knee replacement instruments and implants were acquired by Globus Medical Inc in August 2019.

Evolution NitrX Medial-Pivot Knee System was launched by Microport Scientific Corp in June 2019. The system is efficient in reducing pain, promotes quick recovery and is easy to use. The launch of the product helped the company to bring novel innovative products to the market, thereby making the company more competitive.

Grafton, Demineralized Bone Matrix (DBM) bone is the first demineralized bone matrix product launched in Japan by Medtronic PLC in February 2019.


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Market Segmentation

Global orthopedic devices market is segmented by product, application, end user, region, and company. Based on product the market is fragmented into accessories and surgical devices. Further, the accessories can be segmented into braces, consumables, and others. Going forward, the surgical devices can again be segmented into drill guide, guide tubes, implant holders, custom clamps, distracters, screw drivers, and others. On the basis of application, the market can be categorized into hip orthopedic devices, knee orthopedic devices, spine orthopedic devices, craniomaxillofacial orthopedic devices, dental orthopedic devices, sports injuries, extremities and trauma (set) orthopedic devices, and others. Based on end user, the market can be divided into hospitals & clinics, ambulatory care centers, and others.

Company Profiles

Some of the major players operating in the global orthopedic devices market are Medtronic PLC, Stryker Corp, B Braun Melsungen AG, CONMED Corp, Smith & Nephew PLC, Johnson & Johnson, NuVasive Inc, Zimmer Biomet Holdings Inc, Globus Medical Inc, and DJO Global Inc, among others.   

Attribute

Details

Base Year

2022

Historical Years

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million and CAGR for 2018-2022 and 2023-2028

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         Product

·         Application

·         End User

Regional Scope

Asia Pacific; Europe; North America; South America; Middle East & Africa

Country Scope

China; India; South Korea; Japan; Australia; France; Germany; United Kingdom; Italy; Spain; United States; Mexico; Canada; Brazil; Argentina; Colombia; South Africa; Saudi Arabia; UAE; Kuwait

Key Companies Profiled

Medtronic PLC, Stryker Corp, B Braun Melsungen AG, CONMED Corp, Smith & Nephew PLC, Johnson & Johnson, NuVasive Inc, Zimmer Biomet Holdings Inc, Globus Medical Inc, and DJO Global Inc

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, global orthopedic devices market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Orthopedic Devices Market, By Product:
    • Accessories
      • Braces
      • Consumables
      • Others
    • Surgical Devices
      • Drill Guide
      • Guide Tubes
      • Implant Holders
      • Custom Clamps
      • Distracters
      • Screw Drivers
      • Others.
  • Orthopedic Devices Market, By Application:
    • Hip Orthopedic Devices
    • Knee Orthopedic Devices
    • Spine Orthopedic Devices
    • Craniomaxillofacial Orthopedic Devices
    • Dental Orthopedic Devices
    • Sports Injuries, Extremities and Trauma (Set) Orthopedic Devices
    • Others
  • Orthopedic Devices Market, By End User:
    • Hospitals & Clinics
    • Ambulatory Care Centers
    • Others
  • Orthopedic Devices Market, By Region:
    • Asia-Pacific
      • China
      • India
      • South Korea
      • Japan
      • Australia
    • Europe
      • France
      • Germany
      • United Kingdom
      • Italy
      • Spain
    • North America
      • United States
      • Mexico
      • Canada
    • South America
      • Brazil
      • Argentina
      • Colombia
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE
      • Kuwait

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the global orthopedic devices market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Orthopedic Devices Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.     Markets Covered

1.2.2.     Years Considered for Study

1.2.3.     Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Voice of Customer

5.    Clinical Trial Analysis

5.1.  Ongoing Clinical Trials

5.2.  Completed Clinical Trials

5.3.  Terminated Clinical Trials

5.4.  Breakdown of Pipeline, By Development Phase

5.5.  Breakdown of Pipeline, By Status

5.6.  Breakdown of Pipeline, By Study Application

5.7.  Breakdown of Pipeline, By Region

5.8.  Clinical Trials Heat Map

6.    Global Orthopedic Devices Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Product (Accessories v/s Surgical Devices)

6.2.1.1.         Accessories (Braces, Consumables, Others)

6.2.1.2.         Surgical Devices (Drill Guide, Guide Tubes, Implant Holders, Custom Clamps, Distracters, Screw Drivers, Others)

6.2.2.     By Application (Hip Orthopedic Devices, Knee Orthopedic Devices, Spine Orthopedic Devices, Craniomaxillofacial Orthopedic Devices, Dental Orthopedic Devices, Sports Injuries, Extremities and Trauma (Set) Orthopedic Devices, Others)

6.2.3.     By End User (Hospitals & Clinics, Ambulatory Care Centers, Others)

6.2.4.     By Region

6.2.5.     By Company (2022)

6.3.  Market Map

6.3.1.     By Product

6.3.2.     By Application

6.3.3.     By End User

6.3.4.     By Region

7.    Asia-Pacific Orthopedic Devices Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Product (Accessories v/s Surgical Devices)

7.2.1.1.         Accessories (Braces, Consumables, Others)

7.2.1.2.         Surgical Devices (Drill Guide, Guide Tubes, Implant Holders, Custom Clamps, Distracters, Screw Drivers, Others)

7.2.2.     By Application (Hip Orthopedic Devices, Knee Orthopedic Devices, Spine Orthopedic Devices, Craniomaxillofacial Orthopedic Devices, Dental Orthopedic Devices, Sports Injuries, Extremities and Trauma (Set) Orthopedic Devices, Others)

7.2.3.     By End User (Hospitals & Clinics, Ambulatory Care Centers, Others)

7.2.4.     By Country

7.3.  Asia-Pacific: Country Analysis

7.3.1.     China Orthopedic Devices Market Outlook

7.3.1.1.         Market Size & Forecast

7.3.1.1.1.             By Value

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Product

7.3.1.2.2.             By Application

7.3.1.2.3.             By End User

7.3.2.     India Orthopedic Devices Market Outlook

7.3.2.1.         Market Size & Forecast

7.3.2.1.1.             By Value

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.             By Product

7.3.2.2.2.             By Application

7.3.2.2.3.             By End User

7.3.3.     South Korea Orthopedic Devices Market Outlook

7.3.3.1.         Market Size & Forecast

7.3.3.1.1.             By Value

7.3.3.2.         Market Share & Forecast

7.3.3.2.1.             By Product

7.3.3.2.2.             By Application

7.3.3.2.3.             By End User

7.3.4.     Japan Orthopedic Devices Market Outlook

7.3.4.1.         Market Size & Forecast

7.3.4.1.1.             By Value

7.3.4.2.         Market Share & Forecast

7.3.4.2.1.             By Product

7.3.4.2.2.             By Application

7.3.4.2.3.             By End User

7.3.5.     Australia Orthopedic Devices Market Outlook

7.3.5.1.         Market Size & Forecast

7.3.5.1.1.             By Value

7.3.5.2.         Market Share & Forecast

7.3.5.2.1.             By Product

7.3.5.2.2.             By Application

7.3.5.2.3.             By End User

8.    Europe Orthopedic Devices Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Product (Accessories v/s Surgical Devices)

8.2.1.1.         Accessories (Braces, Consumables, Others)

8.2.1.2.         Surgical Devices (Drill Guide, Guide Tubes, Implant Holders, Custom Clamps, Distracters, Screw Drivers, Others)

8.2.2.     By Application (Hip Orthopedic Devices, Knee Orthopedic Devices, Spine Orthopedic Devices, Craniomaxillofacial Orthopedic Devices, Dental Orthopedic Devices, Sports Injuries, Extremities and Trauma (Set) Orthopedic Devices, Others)

8.2.3.     By End User (Hospitals & Clinics, Ambulatory Care Centers, Others)

8.2.4.     By Country

8.3.  Europe: Country Analysis

8.3.1.     France Orthopedic Devices Market Outlook

8.3.1.1.         Market Size & Forecast

8.3.1.1.1.             By Value

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.             By Product

8.3.1.2.2.             By Application

8.3.1.2.3.             By End User

8.3.2.     Germany Orthopedic Devices Market Outlook

8.3.2.1.         Market Size & Forecast

8.3.2.1.1.             By Value

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.             By Product

8.3.2.2.2.             By Application

8.3.2.2.3.             By End User

8.3.3.     United Kingdom Orthopedic Devices Market Outlook

8.3.3.1.         Market Size & Forecast

8.3.3.1.1.             By Value

8.3.3.2.         Market Share & Forecast

8.3.3.2.1.             By Product

8.3.3.2.2.             By Application

8.3.3.2.3.             By End User

8.3.4.     Italy Orthopedic Devices Market Outlook

8.3.4.1.         Market Size & Forecast

8.3.4.1.1.             By Value

8.3.4.2.         Market Share & Forecast

8.3.4.2.1.             By Product

8.3.4.2.2.             By Application

8.3.4.2.3.             By End User

8.3.5.     Spain Orthopedic Devices Market Outlook

8.3.5.1.         Market Size & Forecast

8.3.5.1.1.             By Value

8.3.5.2.         Market Share & Forecast

8.3.5.2.1.             By Product

8.3.5.2.2.             By Application

8.3.5.2.3.             By End User

9.    North America Orthopedic Devices Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Product (Accessories v/s Surgical Devices)

9.2.1.1.         Accessories (Braces, Consumables, Others)

9.2.1.2.         Surgical Devices (Drill Guide, Guide Tubes, Implant Holders, Custom Clamps, Distracters, Screw Drivers, Others)

9.2.2.     By Application (Hip Orthopedic Devices, Knee Orthopedic Devices, Spine Orthopedic Devices, Craniomaxillofacial Orthopedic Devices, Dental Orthopedic Devices, Sports Injuries, Extremities and Trauma (Set) Orthopedic Devices, Others)

9.2.3.     By End User (Hospitals & Clinics, Ambulatory Care Centers, Others)

9.2.4.     By Country

9.3.  North America: Country Analysis

9.3.1.     United States Orthopedic Devices Market Outlook

9.3.1.1.         Market Size & Forecast

9.3.1.1.1.             By Value

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.             By Product

9.3.1.2.2.             By Application

9.3.1.2.3.             By End User

9.3.2.     Mexico Orthopedic Devices Market Outlook

9.3.2.1.         Market Size & Forecast

9.3.2.1.1.             By Value

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.             By Product

9.3.2.2.2.             By Application

9.3.2.2.3.             By End User

9.3.3.     Canada Orthopedic Devices Market Outlook

9.3.3.1.         Market Size & Forecast

9.3.3.1.1.             By Value

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.             By Product

9.3.3.2.2.             By Application

9.3.3.2.3.             By End User

10.  South America Orthopedic Devices Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value

10.2.              Market Share & Forecast

10.2.1.  By Product (Accessories v/s Surgical Devices)

10.2.1.1.      Accessories (Braces, Consumables, Others)

10.2.1.2.      Surgical Devices (Drill Guide, Guide Tubes, Implant Holders, Custom Clamps, Distracters, Screw Drivers, Others)

10.2.2.  By Application (Hip Orthopedic Devices, Knee Orthopedic Devices, Spine Orthopedic Devices, Craniomaxillofacial Orthopedic Devices, Dental Orthopedic Devices, Sports Injuries, Extremities and Trauma (Set) Orthopedic Devices, Others)

10.2.3.  By End User (Hospitals & Clinics, Ambulatory Care Centers, Others)

10.2.4.  By Country

10.3.              South America: Country Analysis

10.3.1.  Brazil Orthopedic Devices Market Outlook

10.3.1.1.      Market Size & Forecast

10.3.1.1.1.           By Value

10.3.1.2.      Market Share & Forecast

10.3.1.2.1.           By Product

10.3.1.2.2.           By Application

10.3.1.2.3.           By End User

10.3.2.  Argentina Orthopedic Devices Market Outlook

10.3.2.1.      Market Size & Forecast

10.3.2.1.1.           By Value

10.3.2.2.      Market Share & Forecast

10.3.2.2.1.           By Product

10.3.2.2.2.           By Application

10.3.2.2.3.           By End User

10.3.3.  Colombia Orthopedic Devices Market Outlook

10.3.3.1.      Market Size & Forecast

10.3.3.1.1.           By Value

10.3.3.2.      Market Share & Forecast

10.3.3.2.1.           By Product

10.3.3.2.2.           By Application

10.3.3.2.3.           By End User

11.  Middle East and Africa Orthopedic Devices Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value

11.2.              Market Share & Forecast

11.2.1.  By Product (Accessories v/s Surgical Devices)

11.2.1.1.      Accessories (Braces, Consumables, Others)

11.2.1.2.      Surgical Devices (Drill Guide, Guide Tubes, Implant Holders, Custom Clamps, Distracters, Screw Drivers, Others)

11.2.2.  By Application (Hip Orthopedic Devices, Knee Orthopedic Devices, Spine Orthopedic Devices, Craniomaxillofacial Orthopedic Devices, Dental Orthopedic Devices, Sports Injuries, Extremities and Trauma (Set) Orthopedic Devices, Others)

11.2.3.  By End User (Hospitals & Clinics, Ambulatory Care Centers, Others)

11.2.4.  By Country

11.3.              MEA: Country Analysis

11.3.1.  South Africa Orthopedic Devices Market Outlook

11.3.1.1.      Market Size & Forecast

11.3.1.1.1.           By Value

11.3.1.2.      Market Share & Forecast

11.3.1.2.1.           By Product

11.3.1.2.2.           By Application

11.3.1.2.3.           By End User

11.3.2.  Saudi Arabia Orthopedic Devices Market Outlook

11.3.2.1.      Market Size & Forecast

11.3.2.1.1.           By Value

11.3.2.2.      Market Share & Forecast

11.3.2.2.1.           By Product

11.3.2.2.2.           By Application

11.3.2.2.3.           By End User

11.3.3.  UAE Orthopedic Devices Market Outlook

11.3.3.1.      Market Size & Forecast

11.3.3.1.1.           By Value

11.3.3.2.      Market Share & Forecast

11.3.3.2.1.           By Product

11.3.3.2.2.           By Application

11.3.3.2.3.           By End User

11.3.4.  Kuwait Orthopedic Devices Market Outlook

11.3.4.1.      Market Size & Forecast

11.3.4.1.1.           By Value

11.3.4.2.      Market Share & Forecast

11.3.4.2.1.           By Product

11.3.4.2.2.           By Application

11.3.4.2.3.           By End User

12.  Market Dynamics

12.1.              Drivers

12.1.1.  Rising Orthopedic Injuries across the Globe

12.1.2.  Incorporation of Digital Technology

12.1.3.  Early Onset of Musculoskeletal Disorders

12.2.              Challenges

12.2.1.  High Cost of Surgical Implantation

12.2.2.  Post-Surgical Complications

12.2.3.  Stringent Government Policies and Biocompatibility Issues

13.  Market Trends & Developments

13.1.              Product Launches

13.2.              Mergers & Acquisitions

13.3.              Technological Advancements

14.  Competitive Landscape

14.1.              Business Overview

14.2.              Company Snapshot

14.3.              Products & Services

14.4.              Financials (As Reported)

14.5.              Recent Developments

14.6.              SWOT Analysis

14.6.1.  Medtronic PLC

14.6.2.  Stryker Corp

14.6.3.  B Braun Melsungen AG

14.6.4.  CONMED Corp

14.6.5.  Smith & Nephew PLC

14.6.6.  Johnson & Johnson

14.6.7.  NuVasive Inc

14.6.8.  Zimmer Biomet Holdings Inc

14.6.9.  Globus Medical Inc

14.6.10.                DJO Global Inc

Strategic Recommendations

Figures and Tables

Frequently asked questions

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The push factors of the Global Orthopedic Devices Market include increasing incidence of orthopedic injuries and musculoskeletal diseases, rising number of obese people worldwide, surge in road accidents and work-related accidents, and growing usage of joint reconstruction devices.

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Factors like high cost of the orthopedic device and the related surgeries, strict policies of the government, side effects of orthopedic devices and post-surgical risks may lead to a stunted growth of the industry.