What’s Driving Growth in the Orthopedic Devices Market? Insights into Key Trends and Opportunities
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How has the orthopedic devices market size evolved in recent years?
The market for orthopedic devices has seen significant expansion in the recent past. There’s a projected growth, from $51.45 billion in 2024, reaching $55.08 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.1%. The remarkable growth during the historical period can be traced back to factors such as an aging populace, the increasing prevalence of osteoarthritis, a surge in orthopedic procedures, regulatory approvals and standards, an emphasis on patient outcomes and quality of life, as well as improved awareness of joint health.
What are the predictions for the orthopedic devices market size in the coming years?
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What key factors are fueling the growth of the orthopedic devices market?
The increasing incidence of arthritis is likely to fuel the expansion of the orthopedic device market in the future. Arthritis, known for causing discomfort or disease in the joints including the swelling or enlargement of one or more joints, can be effectively managed using orthopedic devices. These devices help alleviate pain, boost mobility, and improve the overall functionality in individuals suffering from arthritis. The National Center for Health Statistics, a U.S.-based government agency cited that in February 2024, there was an 18.9% age-adjusted prevalence of diagnosed arthritis in adults in 2022, with women (21.5%) more prone to the disease than men (16.1%). The incidence of arthritis notably increased with age, rising from 3.6% in adults between the age of 18-34 to 53.9% in those 75 years and older. Thus, as the incidence of arthritis increases, the orthopedic device market is expected to grow accordingly.
How is the global orthopedic devices market divided into key segments?
The orthopedic devices market covered in this report is segmented –
1) By Product: Instruments/Equipment, Disposables
2) By Type: Joint Reconstruction Devices And Equipment, Spinal Surgery Devices And Equipment, Trauma Fixation Devices And Equipment, Orthobiologics Devices And Equipment, Arthroscopy Devices And Equipment, Orthopedic Braces And Support Devices And Equipment, Craniomaxillofacial (CMF) Devices And Equipment, Orthopedic Prosthetics
3) By Type of Expenditure: Public, Private
4) By End User: Hospitals And Clinics, Diagnostic Laboratories, Other End Users
Subsegments:
1) By Instruments/Equipment: Surgical Instruments, Imaging Equipment, Rehabilitation Equipment, Bone Plates and Screws, Joint Replacement Devices, Orthopedic Fixation Devices
2) By Disposables: Surgical Drapes and Covers, Sterile Gloves, Sutures and Staples, Gauze and Dressings, Orthopedic Casting Supplies, Biologics
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Who are the key firms paving the way for growth in the orthopedic devices market?
Major companies operating in the orthopedic devices market include Aesculap Implant Systems LLC, Johnson & Johnson, Medtronic Inc., Stryker Corporation, B. Braun Group, Zimmer Biomet Holdings, Smith & Nephew plc, Arthrex, Allegra Orthopaedics, Enovis, Integra LifeSciences Corporation, NuVasive Inc., DJO Global, CONMED Corporation, Globus Medical Inc., MicroPort Scientific Corporation, Össur, Orthofix Medical Inc., DeRoyal Industries, Alphatec Holdings Inc., LimaCorporate S.p.A., Exactech Inc., Acumed LLC, Corin Group PLC, Waldemar Link GmbH & Co. KG, ConforMIS Inc., FH Orthopedics, Nippon Sigmax Co. Ltd., Implantcast GmbH, Mathys AG Bettlach, Medacta International SA, OrthAlign Inc., OrthoPediatrics Corp., OrthoSensor Inc., Paradigm Spine LLC, SpineGuard SA
Which trends are expected to transform the orthopedic devices market?
The orthopedic devices market includes a number of prominent corporations such as Aesculap Implant Systems LLC, Johnson & Johnson, Medtronic Inc., Stryker Corporation, B. Braun Group, Zimmer Biomet Holdings, Smith & Nephew plc, Arthrex, Allegra Orthopaedics, Enovis, Integra LifeSciences Corporation, NuVasive Inc., DJO Global, CONMED Corporation, Globus Medical Inc., MicroPort Scientific Corporation, Össur, Orthofix Medical Inc., DeRoyal Industries, Alphatec Holdings Inc., LimaCorporate S.p.A., Exactech Inc., Acumed LLC, Corin Group PLC, Waldemar Link GmbH & Co. KG, ConforMIS Inc., FH Orthopedics, Nippon Sigmax Co. Ltd., Implantcast GmbH, Mathys AG Bettlach, Medacta International SA, OrthAlign Inc., OrthoPediatrics Corp., OrthoSensor Inc., Paradigm Spine LLC, SpineGuard SA.
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What regions are contributing significantly to the growth of the orthopedic devices market?
North America was the largest region in the global orthopedic devices market in 2024. Western Europe was the second largest region in the global orthopedic devices market. The regions covered in the orthopedic devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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