Orthopedic Devices Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product (Accessories, Surgical Devices), By Application (Hip Orthopedic Devices, Knee Orthopedic Devices, Spine Orthopedic Devices, Craniomaxillofacial Orthopedic Devices, Dental Orthopedic Devices, Sports Injuries, Others), By Region and Competition, 2020-2030F

Market Overview

Global Orthopedic Devices Market was valued at USD 54.27 Billion in 2024 and is expected to reach USD 70.07 Billion by 2030 with a CAGR of 4.55%. The global orthopedic devices market is experiencing steady and significant growth, primarily driven by rising incidences of musculoskeletal disorders, an aging global population, and ongoing technological advancements in surgical procedures and device design. As the demand for joint reconstruction, trauma fixation, spinal implants, and orthopedic support devices continues to rise, the market is responding with innovation, specialization, and geographic expansion.

Despite its promising growth trajectory, the market faces several challenges. High costs associated with advanced implants and surgical procedures limit access in low- and middle-income countries. Additionally, regulatory complexities, especially in the approval of new devices, pose entry barriers for manufacturers. A shortage of skilled orthopedic surgeons in some regions also hampers the widespread adoption of sophisticated surgical techniques.

Key Market Drivers

Growth in Healthcare Industry

The global healthcare industry generates annual sales exceeding USD 4 trillion. Among its most substantial and profitable segments are pharmaceuticals and biotechnology, accounting for nearly USD 850 billion, followed by medical technology and diagnostics, which contribute over USD 400 billion. The growth of the healthcare industry has become a significant driver of the global orthopedic devices market, primarily due to the increasing demand for effective treatment of musculoskeletal disorders and improved surgical outcomes. As healthcare systems expand and modernize, there has been a notable rise in the diagnosis and management of orthopedic conditions such as osteoarthritis, rheumatoid arthritis, osteoporosis, and traumatic injuries. This trend is further supported by a growing aging population, which is more susceptible to degenerative bone and joint conditions, thereby contributing to a steady rise in the demand for orthopedic interventions.

In addition, the healthcare industry's broader emphasis on improving patient care and surgical precision has led to increased adoption of advanced orthopedic technologies. Hospitals and clinics are investing in innovative solutions such as minimally invasive surgical tools, robotic-assisted systems, and 3D-printed implants, which enhance surgical efficiency and reduce recovery times. The ferromagnetic wand is currently the fastest available instrument, distinguished by its unique capabilities. Argon beam coagulation serves specialized purposes and is particularly effective for fulguration, making it a valuable addition to the operating theatre. Sonicision provides wireless functionality and enhanced manoeuvrability, while the most cost-effective vessel sealing device remains the conventional bipolar system. These advancements are closely aligned with the healthcare sector’s objective of delivering high-quality care while managing long-term costs and improving clinical outcomes.

Surge in Technological Advancements

The surge in technological advancements has become a major driver of growth in the global orthopedic devices market, fundamentally transforming how musculoskeletal conditions are diagnosed, treated, and managed. These innovations are not only enhancing the precision and efficiency of surgical procedures but are also contributing to improved patient outcomes and faster recovery times.

One of the most transformative developments has been the integration of robotic-assisted and computer-navigated surgical systems. Advancements in 3D printing technology have enabled the development of customized implants and prosthetics in the field of orthopedics. These tailor-made solutions offer improved fit and alignment, thereby minimizing the risk of complications and enhancing overall patient satisfaction. Furthermore, 3D printing has supported the production of patient-specific surgical guides, contributing to greater surgical accuracy and procedural efficiency. These technologies enable orthopedic surgeons to plan and execute procedures with a high degree of accuracy, ensuring optimal implant alignment and reducing the risk of complications. By minimizing invasiveness, robotic systems also help shorten hospital stays and accelerate patient rehabilitation, which is increasingly valued in healthcare systems focused on efficiency and cost control.

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Key Market Challenges

High Cost of Devices and Procedures

The high cost of devices and procedures represents a significant challenge in the global orthopedic devices market, particularly in regions with limited healthcare funding or underdeveloped insurance infrastructure. Orthopedic surgeries, such as joint replacements and spinal procedures, often involve the use of advanced implants and surgical tools that are technologically sophisticated and manufactured with high-grade materials, contributing to elevated production and procurement costs.

These procedures frequently require specialized surgical expertise, state-of-the-art operating rooms, and extended post-operative care, all of which add to the overall expense borne by healthcare systems or patients. In developed markets, while insurance coverage may offset some of these costs, reimbursement policies vary and often exclude newer or premium devices, making access to the latest innovations financially burdensome for many individuals.

Key Market Trends

Rising Demand for Orthobiologics

The rising demand for orthobiologics has emerged as a prominent trend in the global orthopedic devices market, driven by the growing need for advanced, regenerative treatment options for musculoskeletal conditions. Orthobiologics such as bone grafts, platelet-rich plasma (PRP), stem cell therapies, and demineralized bone matrices are being increasingly utilized to enhance the healing of bones, joints, and soft tissues. These biologically derived materials accelerate recovery, reduce inflammation, and promote natural tissue regeneration, making them highly attractive alternatives to traditional surgical interventions.

Key drivers contributing to the robust growth of the global orthobiologics market include the rising prevalence of chronic arthritis and the expanding geriatric population. Additionally, the growing demand for biologic solutions in a wide range of minimally invasive orthopedic procedures is anticipated to further accelerate market growth in the near term. This trend is particularly evident in the treatment of sports injuries, spinal disorders, and degenerative joint diseases like osteoarthritis. Patients and healthcare providers are showing a strong preference for minimally invasive solutions that offer shorter recovery times and reduced post-operative complications. As a result, orthobiologics are becoming integral to modern orthopedic care, especially in joint reconstruction, spinal fusion procedures, and fracture management.

Segmental Insights

Product Insights

Based on Product, Accessories have emerged as the fastest growing segment in the Global Orthopedic Devices Market in 2024. This is due to their essential role in enhancing the performance, functionality, and longevity of primary orthopedic implants and instruments. These components such as bone screws, surgical plates, fixation wires, connectors, and surgical tools are critical in ensuring the successful execution of orthopedic procedures and the stability of implants during the healing process. The rising number of orthopedic surgeries, particularly joint reconstruction, trauma fixation, and spinal procedures, has significantly increased the demand for complementary accessories that support accurate implant positioning and effective fixation.

Application Insights

Based on Application, Hip Orthopedic Devices have emerged as the fastest growing segment in the Global Orthopedic Devices Market during the forecast period. This is due to the rising prevalence of hip-related disorders, particularly among the aging population, and increasing demand for mobility-enhancing surgical interventions. Conditions such as osteoarthritis, rheumatoid arthritis, avascular necrosis, and hip fractures are becoming more common, especially in older adults, driving the need for effective and durable hip replacement solutions. Advancements in implant materials, surgical techniques, and minimally invasive procedures have significantly improved patient outcomes, reduced recovery times, and extended implant longevity.

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Regional Insights

Based on Region, North America have emerged as the dominating region in the Global Orthopedic Devices Market in 2024. This is due to a combination of advanced healthcare infrastructure, a high prevalence of musculoskeletal disorders, and robust investments in medical innovation. The region benefits from a strong concentration of leading orthopedic device manufacturers including Stryker, Zimmer Biomet, and Johnson & Johnson who continuously introduce technologically advanced implants and surgical tools. The rising incidence of orthopedic conditions such as osteoarthritis, osteoporosis, and sports-related injuries, particularly among the aging population, has significantly increased the demand for joint reconstruction, spinal implants, and trauma fixation devices.

Recent Development

• In March 2025, Johnson & Johnson MedTech, a global leader in orthopedic technologies and solutions, showcased its latest innovations in digital orthopedics at the American Academy of Orthopaedic Surgeons (AAOS) 2025 Annual Meeting in San Diego, California. Building on the momentum of previous breakthroughs, the company unveiled state-of-the-art implants, advanced surgical techniques, and data-driven technologies across key orthopedic areas such as joint reconstruction, trauma, extremities, and spine. These advancements reflect Johnson & Johnson MedTech’s ongoing commitment to delivering impactful, next-generation solutions that meet the evolving needs of both surgeons and patients.
• In June 2025, Johnson & Johnson MedTech, a global leader in orthopedic technologies and solutions, announced the launch of the KINCISE 2 Surgical Automated System a next-generation powered instrument designed to enhance surgical efficiency, deliver greater control, and reduce the physical strain on surgeons compared to traditional manual impaction techniques. The system is intended for use in both primary and revision hip, as well as revision knee replacement procedures. As orthopedic surgeons increasingly navigate more complex operating environments with longer procedures, higher case volumes, and greater physical demands KINCISE 2 offers a significant advancement in supporting surgical performance and workflow efficiency.
• In April 2025, MicroPort Orthopedics Inc., a U.S.-based global medical device company, announced the launch of its second-generation flagship product the Evolution Medial-Pivot Knee in the Indian market. Engineered to replicate the natural stability and motion of the knee, this advanced solution offers enhanced flexion stability, anatomic movement, and a wear-resistant design, aiming to improve patient outcomes following total knee replacement procedures. The Evolution Medial-Pivot Knee has garnered positive responses from both surgeons and patients globally. Clinically validated, the device boasts a 98.8% survivorship rate over 17 years and a 95% patient satisfaction rate, underscoring its success and long-term efficacy.
• In June 2024, Meril, a Gujarat-based medical device manufacturer, introduced MISSO, an indigenously developed surgical robotic system designed to provide real-time assistance to surgeons during knee replacement procedures. The technology is expected to reduce the cost of such surgeries by up to 66%. Leveraging its cost-effective value proposition, Meril aims to deploy approximately 100 units within the first year of launch, with a target of reaching 1,000 units over the next three years.

Key Market Players

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

Report Scope

In this report, the Global Orthopedic Devices Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Orthopedic Devices Market, By Product:

o   Accessories

o   Surgical Devices

• Orthopedic Devices Market, By Application:

o   Hip Orthopedic Devices

o   Knee Orthopedic Devices

o   Spine Orthopedic Devices

o   Craniomaxillofacial Orthopedic Devices

o   Dental Orthopedic Devices

o   Sports Injuries

o   Others

• Orthopedic Devices Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Orthopedic Devices Market.

Available Customizations:

Global Orthopedic Devices Market report 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).

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