Orthopedic Devices Market Set to Surge Advances Propel Growth Trajectory

The orthopedic devices market size is expected to be valued at USD 49.13 Billion in 2024 and reach USD 63.07 Billion by 2029, growing at a CAGR of 5.12 % from 2024 to 2029.

Orthopedic devices include instruments, implants, or external appliances to support or correct musculoskeletal deformities or injuries. Orthopedic practice frequently employs them to address various conditions affecting bones, joints, muscles, ligaments, and tendons. These devices include Orthopedic braces, Orthopedic implants, orthopedic footwear, orthopedic prosthetics, and orthopedic traction devices.

Global Orthopedic Devices Market Report Scope:
• Market Size (2029): USD 63.07 Billion
• Market Size (2024): USD 49.13 Billion
• CAGR (2024 to 2029): 5.12 %
• Base Year: 2023
• Forecast Period: 2024 to 2029
• Segments Analysed: By Anatomical Location, Consumable Type, and Region
• Geographies Covered: North America, Europe, APAC, Latin America, and Middle East & Africa
• Key Market Players Profiled: Medtronic, Stryker, Zimmer Inc., DePuy Synthes, Smith & Nephew, and Biomed are playing a dominant role in the orthopedic devices market.

Browse full details of the report @ https://www.marketdataforecast.com/market-reports/orthopedic-devices-market

Key Insights from The Report:
• Based on Anatomical, the knee and hips segment captured highest share of the global market in 2023.
• Based on Consumable Type, the orthopedic suture anchors segment dominated the market in 2023.
• North America dominated the healthcare analytics market in 2023. Europe accounted for second-highest share of the global orthopedic devices market in 2023 and on the other hand, the Asia-Pacific region is estimated to grow at the fastest CAGR during the forecast period.
• AMD Global orthopedic devices market Medtronic, Stryker, Zimmer Inc., DePuy Synthes, Smith & Nephew, and Biomed ,are dominated the orthopedic devices market.

The increasing number of joint reconstruction surgeries, the growing burden of orthopedic disorders, trauma, and accident cases, and the development of bioabsorbable and titanium implants contribute primarily to the global market expansion. For Instance, according to the OECD database, there were 2,794.5 road accident injuries per million people in Iceland, 1,230 per million in Ireland, and 2,867.9 per million in Japan in 2021. The significant number of road injuries can increase bone damage cases, driving the demand for orthopedic devices and contributing to market growth. The rising senior population has a high incidence of joint surgeries due to weaker bones, making them more prone to accidents and other bone deformities, which fuels the global market size expansion. According to an article published in the journal JARS in 2021, aging weakens the bone-tendon junction and decreases ultimate tensile strength, increasing the risk of joint damage. Thus, the increasing cases of joint damage conditions and the aging population are leading to a rise in orthopedic surgeries, driving market growth.

The escalating sports activities across the globe are raising bone and joint injury cases, propelling the demand for orthopedic devices. The market players are increasing investments in R&D activities to improve and develop innovative, practical, and safe devices. The increasing product launches and approvals and growing collaborations among the market players and pharmaceuticals are accelerating the global orthopedic devices market growth.

The high costs of orthopedic devices are difficult to afford for small and middle healthcare organizations, limiting the market growth. The market for orthopedic devices is widely competitive, with numerous companies striving to gain market share, resulting in pricing pressures and difficulty distinguishing products from competitors. The presence of certain obstacles like durability, compatibility, and functionality of some devices may hinder the global market size expansion. Arise of postoperative complications like neuroparalysis, infections post-surgery, and lack of full motion are expected to limit the global market growth.

SEGMENTATION INCLUDED IN THIS REPORT:

By Anatomical Location:
• Knee
• Shoulder
• Foot
• Ankle
• Hip
• Spine
• Elbow
• Craniomaxillofacial

By Type of Consumables:
• Orthopedic Staples
• Orthopedic Suture Anchors
o Resorbable Suture Anchors
o Metallic Suture Anchors

By Region:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Browse Regional Reports:

North America Orthopedic Devices Market Research Report - Segmented By Anatomical Location, Consumable Type, Country (U.S, Canada & Rest of North America) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2023 to 2028) -
https://www.marketdataforecast.com/market-reports/north-america-orthopedic-devices-market

Europe Orthopedic Devices Market Research Report - Segmented By Anatomical Location, Consumable Type, Country (UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic and Rest of Europe) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2023 to 2028) - https://www.marketdataforecast.com/market-reports/europe-orthopedic-devices-market

Asia-Pacific Orthopedic Devices Market Research Report - Segmented By Anatomical Location, Consumable Type, Country (India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2023 to 2028) - https://www.marketdataforecast.com/market-reports/asia-pacific-orthopedic-devices-market

Latin America Orthopedic Devices Market Research Report - Segmented By Anatomical Location, Consumable Type, Country (Mexico, Brazil, Argentina, Chile and Rest of Latin America) - Industry Analysis, Size,Share, Growth, Trends, & Forecast (2023 to 2028) -https://www.marketdataforecast.com/market-reports/latin-america-orthopedic-devices-market

Middle East & Africa Orthopedic Devices Market Research Report - Segmented By Anatomical Location, Consumable Type, Country (KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan and Rest of MEA) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast from 2023 to 2028 - https://www.marketdataforecast.com/market-reports/middle-east-and-africa-orthopedic-devices-market

TABLE OF CONTENTS:

1. Introduction

1.1 Market Definition

1.2 Study Deliverables

1.3 Base Currency, Base Year and Forecast Periods

1.4 General Study Assumptions

2. Research Methodology

2.1 Introduction

2.2 Research Phases

2.2.1 Secondary Research

2.2.2 Primary Research

2.2.3 Econometric Modelling

2.2.4 Expert Validation

2.3 Analysis Design

2.4 Study Timeline

3. Overview

3.1 Executive Summary

3.2 Key Inferences

3.3 Epidemology

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)

4.1 Market Drivers

4.2 Market Restraints

4.3 Key Challenges

4.4 Current Opportunities in the Market

5. Market Segmentation

5.1 Anatomical location

5.1.1 Introduction

5.1.2 Knee

5.1.3 Shoulder

5.1.4 Foot and Ankle

5.1.5 Hip

5.1.6 Spine

5.1.7 Elbow

5.1.8 Craniomaxillofacial

5.1.9 Others

5.1.10 Y-o-Y Growth Analysis, By Anatomical location

5.1.11 Market Attractiveness Analysis, By Anatomical location

5.1.12 Market Share Analysis, By Anatomical location

5.2 Type of Consumables

5.2.1 Orthopedic staples

5.2.2 Orthopedic suture anchors

5.2.3 Y-o-Y Growth Analysis, By Type of Consumables

5.2.4 Market Attractiveness Analysis, By Type of Consumables

5.2.5 Market Share Analysis, By Type of Consumables

6. Geographical Analysis

6.1 Introduction

6.1.1 Regional Trends

6.1.2 Impact Analysis

6.1.3 Y-o-Y Growth Analysis

6.1.4 Market Attractiveness Analysis

6.1.5 Market Share Analysis

6.2 North America

6.1.1 Introduction

6.1.2 United States

6.1.3 Canada

6.3 Europe

6.2.1 Introduction

6.2.2 U.K

6.2.3 Spain

6.2.4 Germany

6.2.5 Italy

6.2.6 France

6.4 Asia-Pacific

6.3.1 Introduction

6.3.2 China

6.3.3 India

6.3.4 Japan

6.3.5 Australia

6.3.6 South Korea

6.5 Latin America

6.4.1 Introduction

6.4.2 Brazil

6.4.3 Argentina

6.4.4 Mexico

6.4.5 Rest of Latin America

6.6 Middle East & Africa

6.5.1 Introduction

6.5.2 Middle-East

6.5.3 Africa

7. Strategic Analysis

7.1 PESTLE analysis

7.1.1 Political

7.1.2 Economic

7.1.3 Social

7.1.4 Technological

7.1.5 Legal

7.1.6 Environmental

7.2 Porter's Five analysis

7.2.1 Bargaining Power of Suppliers

7.2.2 Bargaining Power of Consumers

7.2.3 Threat of New Entrants

7.2.4 Threat of Substitute Products and Services

7.2.5 Competitive Rivalry within the Industry

8. Market Leaders' Analysis

8.1 Medtronic

8.1.1 Overview

8.1.2 Product Analysis

8.1.3 Financial analysis

8.1.4 Recent Developments

8.1.5 SWOT analysis

8.1.6 Analyst View

8.2 Stryker

8.3 Zimmer Inc.

8.4 DePuy

8.5 Synthes

8.6 Smith & Nephew

8.7 Biomet

9. Competitive Landscape

9.1 Market share analysis

9.2 Merger and Acquisition Analysis

9.3 Agreements, collaborations, and Joint Ventures

9.4 New Product Launches

10. Market Outlook and Investment Opportunities

Appendix

a) List of Tables

b) List of Figures

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