Orthopedic Devices Market
Orthopedic Devices Market Study by Joint Reconstruction, Spinal Devices, Trauma Fixation, Prosthetics, Arthroscopy Devices, Braces & Support, and Orthopedic Accessories from 2023 to 2033
Analysis of Orthopedic Devices Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Orthopedic Devices Market Outlook (2023 to 2033)
The global orthopedic devices market is estimated to evolve at a CAGR of 4% from 2023 to 2033. At present, the market is valued at US$ 45 billion and is thus expected to reach a size of US$ 67 billion by the end of 2033.
Increasing joint replacement and pain management procedures, as well as a rise in the prevalence of joint pain and damaged joints among the elderly population, are major factors driving the demand for joint reconstruction devices.
Global orthopedic devices market growth is attributed to the prevalence of a wide range of orthopedic disorders such as osteoarthritis, rheumatoid arthritis, fibromyalgia, and juvenile arthritis. The growing geriatric population, lifestyle changes and obesity, and an increase in incidence rates of injuries related to accidents, sports, and adventure activities are the factors anticipated to burgeon market prospects for orthopedic devices over the forecast period.
An increase in sports injuries and accidents has led to bone disorders such as joint pains, joint instability, bone loss, and infection. While orthopedic devices are designed to avoid or treat musculoskeletal problems, orthotics support or straighten weak joints or limbs. Hip supports, cervical collars, knee and elbow braces, back supports and braces, foot and ankle supports, and back braces are some of the key orthotic and medical devices that are widely used in operations and procedures.
The clinical performance of orthopedic devices is significantly impacted by mechanical properties. The stiffness mismatch between the implant and the surrounding hard tissue inhibits tissue remodeling and healing. Spinal load capacity has to be increased, as seen by the discomfort brought on by disc herniation, vertebral fractures, and aging-related bone stock loss in the spine.
For individuals with musculoskeletal disorders and illnesses, orthopedic devices are essential for reducing pain, enhancing the quality of life, and boosting mobility. In response to shifting consumer needs, these orthopedic medical tools and techniques are continually evolving. The use of digital technologies and technological advancements are now the main factors propelling the growth of the orthopedic devices market.
For healthcare organizations dealing with quick technological advancements, maintaining a skilled and experienced staff of professionals is becoming more and more crucial. The comfort, safety, and convenience of the consumer must be taken into consideration by designers and manufacturers when creating prototype medical equipment.
Orthopedics has surely changed recently as a result of incorporating innovative concepts such as wearable medical technology and medical fabrics. A substantial effort has already been made to modularize joint replacement procedures' component parts to create a system that offers more individualized care.
Recent advancements in orthopedic devices are addressing development-related issues such as the ability to market gender-specific components, the potential to address long-term biomechanical alignment issues, and individually sized cups and balls for hips based on the patient's needs and capacity. Along with the standard joint replacements such as hip and knee replacements, evolutionary growth and system growth related to alignment tools and robotic surgery are anticipated to increase over the projection period.
Report Attributes |
Details |
|
Orthopedic Devices Market Size in 2023 |
US$ 45 Billion |
|
Projected Market Value (2033) |
US$ 67 Billion |
|
Global Market Growth Rate (2023 to 2033) |
4% CAGR |
|
Market Share of Joint Reconstruction Devices |
50% |
|
Key Companies Profiled |
|
Why are Sales of Orthopedic Devices Surging Worldwide?
“Growing Prevalence of Musculoskeletal Disorders in Obese Individuals”
Growing rates of obesity and rising average weights among the populace are increasingly linked to orthopedic and general bone health. Obesity increases the chance of numerous co-morbidities, including osteoarthritis, type 2 diabetes, coronary artery disease, sleep apnea, and hypertension.
Obesity has been connected to the pathophysiology of osteoporosis, fractures, osteoarthritis, and numerous soft tissue disorders. It has also been associated with a reduction in bone mass and the generation of proinflammatory cytokines. These factors raise the chances of musculoskeletal disorders in obese patients.
Critical perioperative complications include elevated cardiovascular risks, difficulties using specialized tools, apparatus, surgical technique, patient positioning, and drug adjustments. A more interactive role for patients is also expanding correspondingly, which is projected to drive the orthopedic devices market over the forecast period. Hospitals are increasingly competing to update their surgical devices in light of these developments.
“Rapid Integration of Innovative Surgical Techniques & Advancements”
Several innovative surgical techniques and advancements are specifically enhancing market growth. A few of the more recent surgical techniques that have gained popularity in the medical community include motion preservation techniques, minimally invasive procedures, tissue-guided procedures, and cement-free joint replacements. These procedures have also influenced the design and new developments in surgical devices available in the market.
Orthopedic devices are also predicted to see an increase in demand for robotic-assisted orthopedic procedures due to their reduced invasiveness and repeatable precision. This will result in shorter hospital stays and faster recovery times.
“Emergence of Wearable Technology”
In recent years, wearable technology has emerged as an innovative endeavor that has gained widespread acclaim across the globe. This technology, which enables many specialists in the field and individuals to monitor their own fitness and health indicators, gets more accurate with each new technological advancement.
It is anticipated that the potential impact of these devices on orthopedic treatment will increase dramatically over the coming years as they become more accurate and find new uses in health monitoring. By using this technology to analyze and evaluate their patients' pre-operative progress, orthopedic specialists may explain many elements of treatment to patients without having to see them in person.
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What is Restraining Global Demand for Orthopedic Devices?
“High Costs of Orthopedic Devices and Shortage of Experienced Surgeons”
Pricing trends indicate that the high costs of orthopedic devices are limiting market growth. Due to their high cost, orthopedic devices may become less popular in low-income countries. Costly joint reconstruction devices and essential orthopedic implant accessories further restrict market growth.
The risks and issues associated with orthopedic surgical procedures, such as postoperative infections, neuroparalysis, and a loss of full range of motion, may restrain market expansion. The shortage of experienced surgeons and issues, including the strict government regulations for the approval of orthopedic implants could restrain market growth.
The rate of acceptance of these devices by surgeons and patients is impacted by product recalls resulting from ineffective devices or manufacturing mistakes, which has an impact on manufacturers' income. Market expansion is anticipated to be hampered by problems with fittings and the possible adverse effects of wearing splints. The dorsal aluminum splint and prefabricated stack splint may not fit properly and cause skin discomfort.
Why is North America Projected to Offer a Sizable Opportunity for Orthopedic Device Manufacturers?
“Rising Adoption of Orthopedic Prosthetic Devices Driving Market Expansion in North America”
North America accounts for 50% share of the global market owing to an increasing need for orthopedic surgeries among patients. This has augmented the demand for technologically advanced orthopedic devices, prompting key market players to establish a business in the region. Orthopedic prosthetic devices have also gained immense traction in the region.
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Country-wise Insights
Why is the United States a High Potential Market for Orthopedic Devices?
“Favorable Reimbursement Policies in the Country”
The presence of top orthopedic device manufacturers, a well-developed healthcare infrastructure, and favorable reimbursement policies are projected to fuel market growth in the United States. High demand for advanced healthcare services and an increase in road accidents are boosting market value in the country.
The high prevalence of orthopedic diseases, growing R&D investments, and widespread use of innovative treatment methods are expected to drive market expansion.
What Makes Germany a Leading Market for Orthopedic Devices?
“Growing Usage of Arthroscopy Devices in Germany”
The market in Germany is being driven by an increase in surgeries, growing awareness of technologically advanced orthopedic devices, and a rise in healthcare spending by the local populace. A robust distribution network and a rise in the local supply of arthroscopy devices are supporting market expansion in Germany.
What is Boosting the Adoption of Orthopedic Devices in Japan?
“Expanding Medical Tourism Sector in Japan”
In Japan, a burgeoning population and the resulting increase in per capita healthcare expenditure shall broaden market prospects. The expanding medical tourism industry is predicted to draw more patients from the target patient group due to the availability of affordable advanced medical treatments.
Category-wise Insights
Why is Demand for Joint Reconstruction Devices Gaining Traction?
“Growing Frequency of Osteoporosis & Osteoarthritis among Geriatric Population”
Based on product, the market is divided into joint reconstruction, spinal devices, trauma fixation, orthopedic prosthetics, arthroscopy devices, orthopedic braces & support, and orthopedic accessories. Joint reconstruction devices account for 50% share of the global market.
Joint reconstruction devices are utilized during procedures to replace or repair joint bones. The presence of a large patient pool requiring knee, elbow, and shoulder replacement surgeries and growing investment in research and development by key market players are the main elements boosting the adoption of joint reconstruction devices.
Joint reconstruction is recommended as a treatment in cases of extreme joint pain or dysfunction. The rising frequency of osteoporosis and osteoarthritis, growing preference for minimally invasive surgical techniques, and an increase in sports injuries are driving demand for joint reconstruction devices.
The use of intramedullary nails, external fixation, and compression plates are some of the technological advances in joint reconstruction devices. The huge demand for advanced procedures such as knee arthrodesis is also fueling the sales of joint reconstruction devices.
Which End User is Likely to Contribute the Most to Market Expansion?
“Orthopedic Devices Widely Used in Hospitals Due to Increasing Need for Better Care for Traumatic Injuries”
The market is divided into hospitals, orthopedic clinics, and ambulatory surgical centers based on end user. Orthopedic devices are primarily utilized in hospitals due to their need for surgical implantation.
Hospitals' efficient reimbursement practices play a critical role in many patients receiving hospital care. The expansion of healthcare settings, the exponential rise in hospitalizations caused by an increase in the frequency of road accidents & other sports injuries, and better care for traumatic injuries by skilled professionals are fueling the demand for orthopedic devices in hospitals.
Know thy Competitors
Competitive landscape highlights only certain players
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Competitive Landscape
Key orthopedic device suppliers with technical expertise and core competencies are making consistent efforts to manufacture novel orthopedic products and maintain quality control following safety regulations to reduce the environmental impact to attract more customers. Some examples of these are orthopedic medical devices and orthopedic fixation devices.
Improved biomaterial-based implants offering high strength and low wear are witnessing an exponential increase in demand across developed and developing countries. Several leading companies are collaborating with emerging market entrants, enhancing product standards, and focusing on supply chain management.
For instance,
- Johnson and Johnson collaborated with Aspect Biosystems, a company engaged in 3D bioprinting and tissue engineering to launch new and advanced orthopedic devices.
Key Segments of Orthopedic Devices Industry Research
-
By Product :
- Joint Reconstruction:
- Hip Replacement
- Total Hip Replacement Implants
- Partial Hip Replacement Implants
- Hip Resurfacing Implants
- Revision Hip Replacement Implants
- Knee Replacement:
- Total Knee Replacement Implants
- Partial Knee Replacement Implants
- Revision Knee Replacement Implants
- Elbow & Shoulder Replacement
- Others
- Hip Replacement
- Spinal Devices
- Spinal Fusion Devices
- Spinal Non-fusion Devices
- Trauma Fixation
- Metal Plates & Screws
- Pins/Wires
- Nails and Rods
- Others
- Orthopedic Prosthetics
- Lower Extremity Orthopedic Prosthetics
- Upper Extremity Orthopedic Prosthetics
- Arthroscopy Devices
- Orthopedic Braces & Supports
- Upper Extremity Braces and Supports
- Low Extremity Braces and Supports
- Orthopedic Accessories
- Bone Cement
- Casting Systems
- Removal Systems
- Others
- Joint Reconstruction:
-
By End User :
- Hospitals
- Orthopedic Clinics
- Ambulatory Surgical Centers
-
By Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Table of Content
1. Preface 1.1. Market Definition and Scope 1.2. Market Segmentation 1.3. Key Research Objectives 1.4. Research Highlights 2. Assumptions and Research Methodology 3. Executive Summary: Global Market 4. Market Overview 4.1. Introduction 4.1.1. Product Overview 4.2. Market Dynamics 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.3. Global Market Analysis and Forecasts, 2023–2033 4.3.1. Market Revenue Projection (US$ Mn) 4.4. Market Outlook 4.4.1. Price Comparison Analysis (2022) 4.4.1.1. By product Type 4.4.1.2. By Region 4.5. Key Potential Customers by Region 4.6. Key success factors of 3 Players 4.7. Key Industry Developments 4.8. Technological Advancements 4.9. Regulatory Scenario by Region 5. Global Market Analysis and Forecasts, by Product 5.1. Key Findings / Developments 5.2. Introduction & Definition 5.3. Market Value Forecast, by Product, 2023–2033 5.3.1. Joint Reconstruction 5.3.1.1. Hip Replacement 5.3.1.1.1. Total Hip Replacement Implant 5.3.1.1.2. Partial Hip Replacement Implant 5.3.1.1.3. Hip Resurfacing Implant 5.3.1.1.4. Revision Hip Replacement Implant 5.3.1.2. Knee Replacement 5.3.1.2.1. Total Knee Replacement Implant 5.3.1.2.2. Partial Knee Replacement Implant 5.3.1.2.3. Revision Knee Replacement Implants 5.3.1.2.4. Elbow & Shoulder Replacement 5.3.1.2.5. Others 5.3.2. Spinal Devices 5.3.2.1. Spinal Fusion Devices 5.3.2.2. Spinal Non-fusion Devices 5.3.3. Trauma Fixation 5.3.3.1. Metal Plates & Screws 5.3.3.2. Pins/Wires 5.3.3.3. Nails and Rods 5.3.3.4. Others 5.3.4. Orthopedic Prosthetics 5.3.4.1. Lower Extremity Orthopedic Prosthetics 5.3.4.2. Upper Extremity Orthopedic Prosthetics 5.3.5. Arthroscopy Devices 5.3.6. Orthopedic Braces and Supports 5.3.6.1. Upper Extremity Braces and Supports 5.3.6.2. Low Extremity Braces and Supports 5.3.7. Orthopedic Accessories 5.3.7.1. Bone cement 5.3.7.2. Casting system 5.3.7.3. Removal systems 5.3.8. Others 5.4. Market Attractiveness, by Product 6. Global Market Analysis and Forecasts, by End-user 6.1. Key Findings / Developments 6.2. Introduction & Definition 6.3. Market Value Forecast, by End-user, 2023–2033 6.3.1. Hospitals 6.3.2. Orthopedic Clinic 6.3.3. Ambulatory Surgical Centers 6.3.4. Others 6.4. Market Attractiveness, by End-user 7. Global Market Analysis and Forecasts, by Region 7.1. Geographical Representation 7.2. Market Value Forecast, by Region 7.2.1. North America 7.2.2. Europe 7.2.3. Asia Pacific 7.2.4. Latin America 7.2.5. Middle East & Africa 7.3. Market Attractiveness, by Region 8. North America Market Analysis and Forecast 8.1. Market Value Forecast, by Country, 2023–2033 8.1.1. U.S. 8.1.2. Canada 8.2. Market Value Share Analysis, by Product, 2023–2033 8.3. Market Value Forecast, by Product, 2023–2033 8.3.1. Joint Reconstruction 8.3.1.1. Hip Replacement 8.3.1.1.1. Total Hip Replacement Implant 8.3.1.1.2. Partial Hip Replacement Implant 8.3.1.1.3. Hip Resurfacing Implant 8.3.1.1.4. Revision Hip Replacement Implant 8.3.1.2. Knee Replacement 8.3.1.2.1. Total Knee Replacement Implant 8.3.1.2.2. Partial Knee Replacement Implant 8.3.1.2.3. Revision Knee Replacement Implants 8.3.1.2.4. Elbow & Shoulder Replacement 8.3.1.2.5. Others 8.3.2. Spinal Devices 8.3.2.1. Spinal Fusion Devices 8.3.2.2. Spinal Non-fusion Devices 8.3.3. Trauma Fixation 8.3.3.1. Metal Plates & Screws 8.3.3.2. Pins/Wires 8.3.3.3. Nails and Rods 8.3.3.4. Others 8.3.4. Orthopedic Prosthetics 8.3.4.1. Lower Extremity Orthopedic Prosthetics 8.3.4.2. Upper Extremity Orthopedic Prosthetics 8.3.5. Arthroscopy Devices 8.3.6. Orthopedic Braces and Supports 8.3.6.1. Upper Extremity Braces and Supports 8.3.6.2. Low Extremity Braces and Supports 8.3.7. Orthopedic Accessories 8.3.7.1. Bone cement 8.3.7.2. Casting system 8.3.7.3. Removal systems 8.3.8. Others 8.4. Market Value Share Analysis, by End-user, 2023–2033 8.5. Market Value Forecast, by End-user, 2023–2033 8.5.1. Hospitals 8.5.2. Orthopedic Clinic 8.5.3. Ambulatory Surgical Centers 8.5.4. Others 8.6. Market Attractiveness Analysis 8.6.1. By Country 8.6.2. By Product 8.6.3. By End-user 9. Europe Market Analysis and Forecast 9.1. Market Value Forecast, by Country/Sub-region, 2023–2033 9.1.1. Germany 9.1.2. France 9.1.3. U.K. 9.1.4. Spain 9.1.5. Italy 9.1.6. Rest of Europe 9.2. Market Value Share Analysis, by Product, 2023–2033 9.3. Market Value Forecast, by Product, 2023–2033 9.3.1. Joint Reconstruction 9.3.1.1. Hip Replacement 9.3.1.1.1. Total Hip Replacement Implant 9.3.1.1.2. Partial Hip Replacement Implant 9.3.1.1.3. Hip Resurfacing Implant 9.3.1.1.4. Revision Hip Replacement Implant 9.3.1.2. Knee Replacement 9.3.1.2.1. Total Knee Replacement Implant 9.3.1.2.2. Partial Knee Replacement Implant 9.3.1.2.3. Revision Knee Replacement Implants 9.3.1.2.4. Elbow & Shoulder Replacement 9.3.1.2.5. Others 9.3.2. Spinal Devices 9.3.2.1. Spinal Fusion Devices 9.3.2.2. Spinal Non-fusion Devices 9.3.3. Trauma Fixation 9.3.3.1. Metal Plates & Screws 9.3.3.2. Pins/Wires 9.3.3.3. Nails and Rods 9.3.3.4. Others 9.3.4. Orthopedic Prosthetics 9.3.4.1. Lower Extremity Orthopedic Prosthetics 9.3.4.2. Upper Extremity Orthopedic Prosthetics 9.3.5. Arthroscopy Devices 9.3.6. Orthopedic Braces and Supports 9.3.6.1. Upper Extremity Braces and Supports 9.3.6.2. Low Extremity Braces and Supports 9.3.7. Orthopedic Accessories 9.3.7.1. Bone cement 9.3.7.2. Casting system 9.3.7.3. Removal systems 9.3.8. Others 9.4. Market Value Share Analysis, by End-user, 2023–2033 9.5. Market Value Forecast, by End-user, 2023–2033 9.5.1. Hospitals 9.5.2. Orthopedic Clinic 9.5.3. Ambulatory Surgical Centers 9.5.4. Others 9.6. Market Attractiveness Analysis 9.6.1. By Country/Sub-region 9.6.2. By Product 9.6.3. By End-user 10. Asia Pacific Market Analysis and Forecast 10.1. Market Value Forecast, by Country/Sub-region, 2023–2033 10.1.1. China 10.1.2. Japan 10.1.3. India 10.1.4. Australia & New Zealand 10.1.5. Rest of Asia Pacific 10.2. Market Value Share Analysis, by Product, 2023–2033 10.3. Market Value Forecast, by Product, 2023–2033 10.3.1. Joint Reconstruction 10.3.1.1. Hip Replacement 10.3.1.1.1. Total Hip Replacement Implant 10.3.1.1.2. Partial Hip Replacement Implant 10.3.1.1.3. Hip Resurfacing Implant 10.3.1.1.4. Revision Hip Replacement Implant 10.3.1.2. Knee Replacement 10.3.1.2.1. Total Knee Replacement Implant 10.3.1.2.2. Partial Knee Replacement Implant 10.3.1.2.3. Revision Knee Replacement Implants 10.3.1.2.4. Elbow & Shoulder Replacement 10.3.1.2.5. Others 10.3.2. Spinal Devices 10.3.2.1. Spinal Fusion Devices 10.3.2.2. Spinal Non-fusion Devices 10.3.3. Trauma Fixation 10.3.3.1. Metal Plates & Screws 10.3.3.2. Pins/Wires 10.3.3.3. Nails and Rods 10.3.3.4. Others 10.3.4. Orthopedic Prosthetics 10.3.4.1. Lower Extremity Orthopedic Prosthetics 10.3.4.2. Upper Extremity Orthopedic Prosthetics 10.3.5. Arthroscopy Devices 10.3.6. Orthopedic Braces and Supports 10.3.6.1. Upper Extremity Braces and Supports 10.3.6.2. Low Extremity Braces and Supports 10.3.7. Orthopedic Accessories 10.3.7.1. Bone cement 10.3.7.2. Casting system 10.3.7.3. Removal systems 10.3.8. Others 10.4. Market Value Share Analysis, by End-user, 2023–2033 10.5. Market Value Forecast, by End-user, 2023–2033 10.5.1. Hospitals 10.5.2. Orthopedic Clinic 10.5.3. Ambulatory Surgical Centers 10.5.4. Others 10.6. Market Attractiveness Analysis 10.6.1. By Country/Sub-region 10.6.2. By Product 10.6.3. By End-user 11. Latin America Market Analysis and Forecast 11.1. Market Value Forecast, by Country/Sub-region, 2023–2033 11.1.1. Brazil 11.1.2. Mexico 11.1.3. Rest of Latin America 11.2. Market Value Share Analysis, by Product, 2023–2033 11.3. Market Value Forecast, by Product, 2023–2033 11.3.1. Joint Reconstruction 11.3.1.1. Hip Replacement 11.3.1.1.1. Total Hip Replacement Implant 11.3.1.1.2. Partial Hip Replacement Implant 11.3.1.1.3. Hip Resurfacing Implant 11.3.1.1.4. Revision Hip Replacement Implant 11.3.1.2. Knee Replacement 11.3.1.2.1. Total Knee Replacement Implant 11.3.1.2.2. Partial Knee Replacement Implant 11.3.1.2.3. Revision Knee Replacement Implants 11.3.1.2.4. Elbow & Shoulder Replacement 11.3.1.2.5. Others 11.3.2. Spinal Devices 11.3.2.1. Spinal Fusion Devices 11.3.2.2. Spinal Non-fusion Devices 11.3.3. Trauma Fixation 11.3.3.1. Metal Plates & Screws 11.3.3.2. Pins/Wires 11.3.3.3. Nails and Rods 11.3.3.4. Others 11.3.4. Orthopedic Prosthetics 11.3.4.1. Lower Extremity Orthopedic Prosthetics 11.3.4.2. Upper Extremity Orthopedic Prosthetics 11.3.5. Arthroscopy Devices 11.3.6. Orthopedic Braces and Supports 11.3.6.1. Upper Extremity Braces and Supports 11.3.6.2. Low Extremity Braces and Supports 11.3.7. Orthopedic Accessories 11.3.7.1. Bone cement 11.3.7.2. Casting system 11.3.7.3. Removal systems 11.3.8. Others 11.4. Market Value Share Analysis, by End-user, 2023–2033 11.5. Market Value Forecast, by End-user, 2023–2033 11.5.1. Hospitals 11.5.2. Orthopedic Clinic 11.5.3. Ambulatory Surgical Centers 11.5.4. Others 11.6. Market Attractiveness Analysis 11.6.1. By Country/Sub-region 11.6.2. By Product 11.6.3. By End-user 12. Middle East and Africa Market Analysis and Forecast 12.1. Market Value Forecast, by Country/Sub-region, 2023–2033 12.1.1. GCC Countries 12.1.2. South Africa 12.1.3. Israel 12.1.4. Rest of Middle East & Africa 12.2. Market Value Share Analysis, by Product, 2023–2033 12.3. Market Value Forecast, by Product, 2023–2033 12.3.1. Joint Reconstruction 12.3.1.1. Hip Replacement 12.3.1.1.1. Total Hip Replacement Implant 12.3.1.1.2. Partial Hip Replacement Implant 12.3.1.1.3. Hip Resurfacing Implant 12.3.1.1.4. Revision Hip Replacement Implant 12.3.1.2. Knee Replacement 12.3.1.2.1. Total Knee Replacement Implant 12.3.1.2.2. Partial Knee Replacement Implant 12.3.1.2.3. Revision Knee Replacement Implants 12.3.1.2.4. Elbow & Shoulder Replacement 12.3.1.2.5. Others 12.3.2. Spinal Devices 12.3.2.1. Spinal Fusion Devices 12.3.2.2. Spinal Non-fusion Devices 12.3.3. Trauma Fixation 12.3.3.1. Metal Plates & Screws 12.3.3.2. Pins/Wires 12.3.3.3. Nails and Rods 12.3.3.4. Others 12.3.4. Orthopedic Prosthetics 12.3.4.1. Lower Extremity Orthopedic Prosthetics 12.3.4.2. Upper Extremity Orthopedic Prosthetics 12.3.5. Arthroscopy Devices 12.3.6. Orthopedic Braces and Supports 12.3.6.1. Upper Extremity Braces and Supports 12.3.6.2. Low Extremity Braces and Supports 12.3.7. Orthopedic Accessories 12.3.7.1. Bone cement 12.3.7.2. Casting system 12.3.7.3. Removal systems 12.3.8. Others 12.4. Market Value Share Analysis, by End-user, 2023–2033 12.5. Market Value Forecast, by End-user, 2023–2033 12.5.1. Hospitals 12.5.2. Orthopedic Clinic 12.5.3. Ambulatory Surgical Centers 12.5.4. Others 12.6. Market Attractiveness Analysis 12.6.1. By Country/Sub-region 12.6.2. By Product 12.6.3. By End-user 13. Competition Landscape 13.1. Competition Matrix 13.1.1. DePuy Synthes (Johnson & Johnson) 13.1.2. Zimmer Biomet Holdings, Inc. 13.1.3. Stryker 13.1.4. Smith & Nephew plc 13.1.5. Medtronic 13.1.6. Arthrex, Inc. 13.2. Company Profiles (Details – Overview, Financials, Recent Developments, Strategy) 13.2.1. DePuy Synthes (HQ, Business Segments, Employee Strength) 13.2.1.1. Company Details 13.2.1.2. Company Description 13.2.1.3. Business Overview 13.2.1.4. SWOT Analysis 13.2.1.5. Financial Analysis 13.2.1.6. Strategic Overview 13.2.2. Zimmer Biomet Holdings, Inc. (HQ, Business Segments, Employee Strength) 13.2.2.1. Company Details 13.2.2.2. Company Description 13.2.2.3. Business Overview 13.2.2.4. SWOT Analysis 13.2.2.5. Strategic Overview 13.2.3. Stryker (HQ, Business Segments, Employee Strength) 13.2.3.1. Company Details 13.2.3.2. Company Description 13.2.3.3. Business Overview 13.2.3.4. SWOT Analysis 13.2.3.5. Strategic Overview 13.2.4. Smith & Nephew plc (HQ, Business Segments, Employee Strength) 13.2.4.1. Company Details 13.2.4.2. Company Description 13.2.4.3. Business Overview 13.2.4.4. SWOT Analysis 13.2.4.5. Strategic Overview 13.2.5. Medtronic (HQ, Business Segments, Employee Strength) 13.2.5.1. Company Details 13.2.5.2. Company Description 13.2.5.3. Business Overview 13.2.5.4. SWOT Analysis 13.2.5.5. Financial Analysis 13.2.5.6. Strategic Overview 13.2.6. DJO Global, Inc. (HQ, Business Segments, Employee Strength) 13.2.6.1. Company Details 13.2.6.2. Company Description 13.2.6.3. Business Overview 13.2.6.4. SWOT Analysis 13.2.6.5. Financial Analysis 13.2.6.6. Strategic Overview 13.2.7. Arthrex, Inc. (HQ, Business Segments, Employee Strength) 13.2.7.1. Company Details 13.2.7.2. Company Description 13.2.7.3. Business Overview 13.2.7.4. SWOT Analysis 13.2.7.5. Financial Analysis 13.2.7.6. Strategic Overview 13.2.8. NuVasive, Inc. (HQ, Business Segments, Employee Strength) 13.2.8.1. Company Details 13.2.8.2. Company Description 13.2.8.3. Business Overview 13.2.8.4. SWOT Analysis 13.2.8.5. Financial Analysis 13.2.8.6. Strategic Overview 13.2.9. Globus Medical Inc. (HQ, Business Segments, Employee Strength) 13.2.9.1. Company Details 13.2.9.2. Company Description 13.2.9.3. Business Overview 13.2.9.4. SWOT Analysis 13.2.9.5. Strategic Overview
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List Of Table
Table 01: Price Comparison Analysis: Spine Surgery in Region/Countries (US$ Thousand)
Table 02: Price Comparison Analysis: Orthopedic Braces and Supports and Orthopedic Accessories (US$)
Table 03: Key Industry Acquisitions in Global Market, 2022–2023
Table 04: Key Industry Acquisitions in Global Market, 2022–2023
Table 05: Key Industry Acquisitions in Global Market, 2022–2023
Table 06: Medical Device Classification as per U.S. FDA
Table 07: Supplements for Pre-market Approval, by Type of Supplement, 2010–2022
Table 08: Global Market Value (US$ Mn) Forecast, by Product, 2023–2033
Table 09: Global Market Value (US$ Mn) Forecast, by Product - Joint Reconstruction, 2023–2033
Table 10: Global Market Value (US$ Mn) Forecast, by Product - Joint Reconstruction - Hip Replacement, 2023–2033
Table 11: Global Market Value (US$ Mn) Forecast, by Product - Joint Reconstruction - Knee Replacement, 2023–2033
Table 12: Global Market Value (US$ Mn) Forecast, by Product - Spinal Devices, 2023–2033
Table 13: Global Market Value (US$ Mn) Forecast, by Product - Orthopedic Braces and Supports, 2023–2033
Table 14: Global Market Value (US$ Mn) Forecast, by Product - Trauma Fixation, 2023–2033
Table 15: Global Market Value (US$ Mn) Forecast, by Product - Orthopedic Accessories, 2023–2033
Table 16: Global Market Value (US$ Mn) Forecast, by Product - Orthopedic Prosthetics, 2023–2033
Table 17: Global Market Value (US$ Mn) Forecast, by End-user, 2023–2033
Table 18: Global Market Value (US$ Mn) Forecast, by Region, 2023–2033
Table 19: North America Market Value (US$ Mn) Forecast, by Country, 2023–2033
Table 20: North America Market Value (US$ Mn) Forecast, by Product, 2023–2033
Table 21: North America Market Value (US$ Mn) Forecast, by Product - Joint Reconstruction, 2023–2033
Table 22: North America Market Value (US$ Mn) Forecast, by Product - Joint Reconstruction - Hip Replacement, 2023–2033
Table 23: North America Market Value (US$ Mn) Forecast, by Product - Joint reconstruction - Knee Replacement, 2023–2033
Table 24: North America Market Value (US$ Mn) Forecast, by Product - Spinal Devices, 2023–2033
Table 25: North America Market Value (US$ Mn) Forecast, by Product - Orthopedic Braces and Supports, 2023–2033
Table 26: North America Market Value (US$ Mn) Forecast, by Product - Trauma Fixation, 2023–2033
Table 27: North America Market Value (US$ Mn) Forecast, by Product - Orthopedic Accessories, 2023–2033
Table 28: North America Market Value (US$ Mn) Forecast, by Product - Orthopedic Prosthetics, 2023–2033
Table 29: North America Market Value (US$ Mn) Forecast, by End-user, 2023–2033
Table 30: Europe Market Value (US$ Mn) Forecast, by Country/Sub-region, 2023–2033
Table 31: Europe Market Value (US$ Mn) Forecast, by Product, 2023–2033
Table 32: Europe Market Value (US$ Mn) Forecast, by Product - Joint Reconstruction, 2023–2033
Table 33: Europe Market Value (US$ Mn) Forecast, by Product - Joint reconstruction – Hip Replacement, 2023–2033
Table 34: Europe Market Value (US$ Mn) Forecast, by Product - Joint reconstruction – Knee Replacement, 2023–2033
Table 35: Europe Market Value (US$ Mn) Forecast, by Product - Spinal Devices, 2023–2033
Table 36: Europe Market Value (US$ Mn) Forecast, by Product - Orthopedic Braces and Supports, 2023–2033
Table 37: Europe Market Value (US$ Mn) Forecast, by Product - Trauma Fixation, 2023–2033
Table 38: Europe Market Value (US$ Mn) Forecast, by Product - Orthopedic Accessories, 2023–2033
Table 39: Europe Market Value (US$ Mn) Forecast, by Product - Orthopedic Prosthetics, 2023–2033
Table 40: Europe Market Value (US$ Mn) Forecast, by End-user, 2023–2033
Table 41: Asia Pacific Market Value (US$ Mn) Forecast, by Country/Sub-region, 2023–2033
Table 42: Asia Pacific Market Value (US$ Mn) Forecast, by Product, 2023–2033
Table 43: Asia Pacific Market Value (US$ Mn) Forecast, by Product - Joint Reconstruction, 2023–2033
Table 44: Asia Pacific Market Value (US$ Mn) Forecast, by Product - Joint Reconstruction - Hip Replacement, 2023–2033
Table 45: Asia Pacific Market Value (US$ Mn) Forecast, by Product - Joint Reconstruction - Knee Replacement, 2023–2033
Table 46: Asia Pacific Market Value (US$ Mn) Forecast, by Product - Spinal Devices, 2023–2033
Table 47: Asia Pacific Market Value (US$ Mn) Forecast, by Product - Orthopedic Braces and Supports, 2023–2033
Table 48: Asia Pacific Market Value (US$ Mn) Forecast, by Product - Trauma Fixation, 2023–2033
Table 49: Asia Pacific Market Value (US$ Mn) Forecast, by Product - Orthopedic Accessories, 2023–2033
Table 50: Asia Pacific Market Value (US$ Mn) Forecast, by Product - Orthopedic Prosthetics, 2023–2033
Table 51: Asia Pacific Market Value (US$ Mn) Forecast, by End-user, 2023–2033
Table 52: Latin America Market Value (US$ Mn) Forecast, by Country/Sub-region, 2023–2033
Table 53: Latin America Market Value (US$ Mn) Forecast, by Product, 2023–2033
Table 54: Latin America Market Value (US$ Mn) Forecast, by Joint Reconstruction, 2023–2033
Table 55: Latin America Market Value (US$ Mn) Forecast, by Hip Replacement, 2023–2033
Table 56: Latin America Market Value (US$ Mn) Forecast, by Knee Replacement, 2023–2033
Table 57: Latin America Market Value (US$ Mn) Forecast, by Spinal Devices, 2023–2033
Table 58: Latin America Market Value (US$ Mn) Forecast, by Orthopedic Braces and Supports, 2023–2033
Table 59: Latin America Market Value (US$ Mn) Forecast, by Trauma Fixation, 2023–2033
Table 60: Latin America Market Value (US$ Mn) Forecast, by Orthopedic Accessories, 2023–2033
Table 61: Latin America Market Value (US$ Mn) Forecast, by Orthopedic Prosthetics, 2023–2033
Table 62: Latin America Market Value (US$ Mn) Forecast, by End-user, 2023–2033
Table 63: Middle East & Africa Market Value (US$ Mn) Forecast, by Country/Sub-region, 2023–2033
Table 64: Middle East & Africa Market Value (US$ Mn) Forecast, by Product, 2023–2033
Table 65: Middle East & Africa Market Value (US$ Mn) Forecast, by Product - Joint Reconstruction, 2023–2033
Table 66: Middle East & Africa Market Value (US$ Mn) Forecast, by Product - Joint Reconstruction – Hip Replacement, 2023-2033
Table 67: Middle East & Africa Market Value (US$ Mn) Forecast, by Product - Joint Reconstruction – Knee Replacement, 2023-2033
Table 68: Middle East & Africa Market Value (US$ Mn) Forecast, by Product - Spinal Devices, 2023–2033
Table 69: Middle East & Africa Market Value (US$ Mn) Forecast, by Product - Orthopedic Braces and Supports, 2023–2033
Table 70: Middle East & Africa Market Value (US$ Mn) Forecast, by Product - Trauma Fixation, 2023–2033
Table 71: Middle East & Africa Market Value (US$ Mn) Forecast, by Product - Orthopedic Accessories, 2023–2033
Table 72: Middle East & Africa Market Value (US$ Mn) Forecast, by Product - Orthopedic Prosthetics, 2023–2033
Table 73: Middle East & Africa Market Value (US$ Mn) Forecast, by End-user, 2023–2033
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List Of Figures
Figure 01: Global Market Value (US$ Mn) Forecast, 2023–2033
Figure 03: Global Market Value Share (%), by End-user (2022)
Figure 02: Global Market Value Share (%), by Product (2022)
Figure 04: Global Market Value Share (%), by Region (2022)
Figure 05: FDA Review Process for 2016
Figure 06: Global Market Value Share (%), by Product, 2023 and 2033
Figure 07: Global Market Attractiveness, by Product, 2023–2033
Figure 08: Global Market Value Share (%), by Product - Joint Reconstruction, 2023 and 2033
Figure 09: Global Market Attractiveness, by Product - Joint Reconstruction, 2023–2033
Figure 10: Global Market Value Share (%), by Product - Spinal Devices, 2023 and 2033
Figure 11: Global Market Attractiveness, by Product - Spinal Devices, 2023–2033
Figure 12: Global Market Value Share (%), by Product - Orthopedic Braces and Supports, 2023 and 2033
Figure 13: Global Market Attractiveness, by Product - Orthopedic Braces and Supports, 2023–2033
Figure 14: Global Market Value Share (%), by Product - Trauma Fixation, 2023 and 2033
Figure 15: Global Market Attractiveness, by Product - Trauma Fixation, 2023–2033
Figure 16: Global Market Value Share (%), by Product - Orthopedic Accessories, 2023 and 2033
Figure 17: Global Market Attractiveness, by Product - Orthopedic Accessories, 2023–2033
Figure 18: Global Market Value Share (%), by Product - Orthopedic Prosthetics, 2023 and 2033
Figure 19: Global Market Attractiveness, by Product - Orthopedic Prosthetics, 2023–2033
Figure 20: Global Market Value Share (%), by End-user, 2023 and 2033
Figure 21: Global Market Attractiveness, by End-user, 2023–2033
Figure 22: Global Market Value Share (%), by Region, 2023 and 2033
Figure 23: Global Market Attractiveness, by Region, 2023–2033
Figure 24: North America Market Revenue (US$ Mn) and Y-o-Y Growth (%) Forecast, 2023–2033
Figure 25: North America Market Value Share (%), by Country, 2023 and 2033
Figure 26: North America Market Attractiveness, by Country, 2023–2033
Figure 27: North America Market Value Share (%), by Product, 2023 and 2033
Figure 28: North America Market Attractiveness, by Product, 2023–2033
Figure 29: North America Market Value Share (%), by End-user, 2023 and 2033
Figure 30: North America Market Attractiveness, by End-user, 2023–2033
Figure 31: Europe Market Revenue (US$ Mn) and Y-o-Y Growth (%) Forecast, 2023–2033
Figure 32: Europe Market Value Share (%), by Country/Sub-region, 2023 and 2033
Figure 33: Europe Market Attractiveness, by Country/Sub-region, 2023–2033
Figure 35: Europe Market Value Share (%), by Product, 2023 and 2033
Figure 36: Europe Market Attractiveness, by Product, 2023–2033
Figure 37: Europe Market Value Share (%), by End-user, 2023 and 2033
Figure 38: Europe Market Attractiveness, by End-user, 2023–2033
Figure 39: Asia Pacific Market Revenue (US$ Mn) and Y-o-Y Growth (%) Forecast, 2023–2033
Figure 40: Asia Pacific Market Value Share (%), by Country/Sub-region, 2023 and 2033
Figure 41: Asia Pacific Market Attractiveness, by Country/Sub-region, 2023–2033
Figure 42: Asia Pacific Market Value Share (%), by Product, 2023 and 2033
Figure 43: Asia Pacific Market Attractiveness, by Product, 2023–2033
Figure 44: Asia Pacific Market Value Share (%), by End-user, 2023 and 2033
Figure 45: Asia Pacific Market Attractiveness, by End-user, 2023–2033
Figure 46: Latin America Market Revenue (US$ Mn) and Y-o-Y Growth (%) Forecast, 2023–2033
Figure 47: Latin America Market Value Share (%), by Country/Sub-region, 2023 and 2033
Figure 48: Latin America Market Attractiveness, by Country/Sub-region, 2023–2033
Figure 49: Latin America Market Value Share (%), by Product, 2023 and 2033
Figure 50: Latin America Market Attractiveness, by Product, 2023–2033
Figure 51: Latin America Market Value Share (%), by End-user, 2023 and 2033
Figure 52: Latin America Market Attractiveness, by End-user, 2023–2033
Figure 53: Middle East & Africa Market Revenue (US$ Mn) and Y-o-Y Growth (%) Forecast, 2023–2033
Figure 54: Middle East & Africa Market Value Share (%), by Country/Sub-region, 2023 and 2033
Figure 55: Middle East & Africa Market Attractiveness, by Country/Sub-region, 2023–2033
Figure 56: Middle East & Africa Market Value Share (%), by Product, 2023 and 2033
Figure 57: Middle East & Africa Market Attractiveness, by Product, 2023–2033
Figure 58: Middle East & Africa Market Value Share (%), by End-user, 2023 and 2033
Figure 59: Middle East & Africa Market Attractiveness, by End-user, 2023–2033
Figure 60: Global Joint Reconstruction – Hip Implants Market Share, by Company, 2022
Figure 61: Global Joint Reconstruction – Knee Implants Market Share, by Company, 2022
Figure 62: Global Spine Devices Market Share, by Company, 2022
Figure 63: Global Arthroscopy Devices Market Share, by Company, 2022
Figure 64: Global Trauma Fixation Devices Market Share, by Company, 2022
Figure 65: Global Orthopedic Prosthetics Market Share, by Company, 2022
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- FAQs -
What is the expected growth rate for the orthopedic devices market?
Use of orthopedic devices is anticipated to increase at a CAGR of 4% through 2033.
Who are the key producers of orthopedic devices?
Zimmer Biomet, Stryker Corporation, and Smith & Nephew are the top providers of orthopedic devices
Which are the major countries driving high demand for orthopedic devices?
The United States, Germany, and Japan are key countries in the orthopedic devices market.
What is the forecasted size of the market for orthopedic devices?
Sales of orthopedic devices are forecasted to reach US$ 67 billion by 2033.
Which product accounted for a leading market share?
Joint reconstruction devices account for 50% share of the global orthopedic devices market.
Orthopedic Devices Market