Global Orthopedic Devices Market Size study & Forecast, by Type (Joint Reconstruction Devices, Spinal Devices, Trauma Devices, Arthroscopy Devices, Orthobiologic Devices, Others) by End-user (Hospitals, Orthopedic Clinic, Ambulatory Surgical Centers, Othe

Global Orthopedic Devices Market Size study & Forecast, by Type (Joint Reconstruction Devices, Spinal Devices, Trauma Devices, Arthroscopy Devices, Orthobiologic Devices, Others) by End-user (Hospitals, Orthopedic Clinic, Ambulatory Surgical Centers, Others) and Regional Analysis, 2023-2030

Global Orthopedic Devices Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. Orthopedic devices are medical devices designed to treat or assist in the management of musculoskeletal conditions and injuries. They are used to support, correct, or replace damaged or diseased bones, joints, ligaments, tendons, and other musculoskeletal structures. These devices can help alleviate pain, improve mobility and enhance the overall quality of life for individuals with orthopedic issues. The key factors driving the market growth is rising prevalence of orthopedic diseases and disorders, growing demand for minimally invasive orthopedic surgical procedures, growing number of sports and accident-related orthopedic injuries, and growing geriatric population. All these are anticipated to support the market growth.

Moreover, the growth of the Orthopedic Devices Market can be supported by the rising prevalence of orthopedic injuries that are anticipated to support the market growth. According to International Osteoporosis Foundation (IOF), The majority of hip fractures in Asia are estimated to occur in China, the prevalence of hip fractures rose from 411,000 in 2015 and it is estimated to reach more than 1 million hip fractures by the year 2050. Additionally, rising number of hospitals and shift towards outpatient care is anticipated to create lucrative opportunity for the market growth during forecast period 2023-2030. However, the high costs associated with orthopedic treatments stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Orthopedic Devices Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the presence of key market players, growing aging population, technological advancements and rising sports injuries. Whereas, the Asia Pacific region is expected to grow with the fastest CAGR during the forecast period, owing to factors such as the increasing awareness, growing healthcare infrastructure development, and increasing awareness.

Major market player included in this report are:
Stryker Corporation
Johnson & Johnson Services, Inc.
Zimmer Biomet Holdings, Inc.
Smith & Nephew, Inc.
Medtronic plc
NuVasive, Inc.
Arthrex, Inc.
Globus Medical, Inc.
Össur Corporate
Integra LifeSciences Holdings Corporation
Recent Developments in the Market:
 In February 2023, OSSIO, Inc., a fast-growing orthopedic devices company, announced the launch of the new OSSIOfiber Compression Staple. The staple allows the company to provide solutions for many hindfoot and midfoot procedures, including midfoot fusions, Lapidus fusions, and procedures associated with flatfoot correction.
Global Orthopedic Devices Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered – Type, End-user, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa


The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Joint Reconstruction Devices
Spinal Devices
Trauma Devices
Arthroscopy Devices
Orthobiologic Devices
Others
By End-user:
Hospitals
Orthopedic Clinic
Ambulatory Surgical Centers
Others

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies Mentioned
Stryker Corporation
Johnson & Johnson Services, Inc.
Zimmer Biomet Holdings, Inc.
Smith & Nephew, Inc.
Medtronic plc
NuVasive, Inc.
Arthrex, Inc.
Globus Medical, Inc.
Össur Corporate
Integra LifeSciences Holdings Corporation

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.