openPR Logo
Press release

Orthopedic Devices Market to Surge from USD 60.84 Billion in 2022 to USD 95.79 Billion by 2029 at a CAGR of 6.7%

01-10-2025 11:35 AM CET | Health & Medicine

Press release from: MAXIMIZE MARKET RESEARCH PVT.LTD

Orthopedic Devices Market

Orthopedic Devices Market

๐Ž๐ซ๐ญ๐ก๐จ๐ฉ๐ž๐๐ข๐œ ๐ƒ๐ž๐ฏ๐ข๐œ๐ž๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ

The Global Orthopedic Devices Market is projected to experience remarkable growth, driven by advancements in technology and increasing prevalence of orthopedic conditions worldwide. This press release highlights the market size, growth rate (CAGR), and key developments, along with country-specific insights focusing on mergers, acquisitions, trends, and opportunities.

The global orthopedic devices market was valued at USD 60.84 billion in 2022 and is anticipated to grow at a CAGR of 6.7% from 2024 to 2030, reaching a valuation of approximately USD 95.79 billion. The growth is fueled by the rising aging population, increasing sports-related injuries, and advancements in minimally invasive surgical techniques.

๐“๐จ ๐ฅ๐ž๐š๐ซ๐ง ๐ฆ๐จ๐ซ๐ž, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐œ๐ฅ๐ข๐œ๐ค ๐จ๐ง ๐ญ๐ก๐ž ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/66301/

Country-Specific Insights
๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ

Vietnam has shown significant potential in the orthopedic devices market due to increased healthcare spending and modernization of medical facilities. Notable developments include the entry of ๐™๐ข๐ฆ๐ฆ๐ž๐ซ ๐๐ข๐จ๐ฆ๐ž๐ญ and ๐ƒ๐ž๐๐ฎ๐ฒ ๐’๐ฒ๐ง๐ญ๐ก๐ž๐ฌ in partnership with local distributors to strengthen their presence.

๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐“๐ก๐š๐ข๐ฅ๐š๐ง๐

Thailand is emerging as a hub for medical tourism, which is boosting the demand for orthopedic devices. The recent acquisition of a local distributor by ๐’๐ญ๐ซ๐ฒ๐ค๐ž๐ซ ๐‚๐จ๐ซ๐ฉ๐จ๐ซ๐š๐ญ๐ข๐จ๐ง has further accelerated market consolidation, offering patients access to advanced prosthetics and surgical instruments.

๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐‰๐š๐ฉ๐š๐ง

Japan's aging population has driven the demand for joint reconstruction devices. Innovations by ๐’๐ฆ๐ข๐ญ๐ก & ๐๐ž๐ฉ๐ก๐ž๐ฐ and ๐Œ๐ž๐๐ญ๐ซ๐จ๐ง๐ข๐œ in robotic-assisted surgeries are shaping the market. Government-backed initiatives to improve healthcare infrastructure are also key drivers.

๐“๐จ ๐ฅ๐ž๐š๐ซ๐ง ๐ฆ๐จ๐ซ๐ž, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐œ๐ฅ๐ข๐œ๐ค ๐จ๐ง ๐ญ๐ก๐ž ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/66301/

๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐‚๐ก๐ข๐ง๐š

China remains a critical market with significant mergers and acquisitions. ๐‰๐จ๐ก๐ง๐ฌ๐จ๐ง & ๐‰๐จ๐ก๐ง๐ฌ๐จ๐ง recently acquired a Chinese orthopedic implant manufacturer to cater to the growing demand for cost-effective solutions. Domestic companies like ๐–๐ž๐ข๐ ๐š๐จ ๐Ž๐ซ๐ญ๐ก๐จ๐ฉ๐ž๐๐ข๐œ are expanding their product portfolios to compete globally.

๐”๐ฉ๐๐š๐ญ๐ข๐จ๐ง ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š

South Korea is leveraging AI and robotics in orthopedic surgeries. Companies like ๐Œ๐ž๐๐š๐œ๐ญ๐š ๐ˆ๐ง๐ญ๐ž๐ซ๐ง๐š๐ญ๐ข๐จ๐ง๐š๐ฅ ๐š๐ง๐ ๐‚๐จ๐ง๐ฆ๐ž๐ ๐‚๐จ๐ซ๐ฉ๐จ๐ซ๐š๐ญ๐ข๐จ๐ง have collaborated with local firms to introduce smart orthopedic devices. The adoption of these technologies is revolutionizing patient care.

๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž

Singapore is a leader in innovation within Southeast Asia. Partnerships between ๐’๐ฆ๐ข๐ญ๐ก & ๐๐ž๐ฉ๐ก๐ž๐ฐ and local hospitals have led to the introduction of cutting-edge devices. The country's robust R&D ecosystem is fostering developments in personalized implants.

๐“๐จ ๐ฅ๐ž๐š๐ซ๐ง ๐ฆ๐จ๐ซ๐ž, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐œ๐ฅ๐ข๐œ๐ค ๐จ๐ง ๐ญ๐ก๐ž ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/66301/

๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐”๐’

The United States dominates the global orthopedic devices market due to high healthcare spending and technological advancements. Companies like ๐™๐ข๐ฆ๐ฆ๐ž๐ซ ๐๐ข๐จ๐ฆ๐ž๐ญ and ๐’๐ญ๐ซ๐ฒ๐ค๐ž๐ซ ๐‚๐จ๐ซ๐ฉ๐จ๐ซ๐š๐ญ๐ข๐จ๐ง are investing in R&D to develop next-gen implants. Recent acquisitions, such as ๐Œ๐ž๐๐ญ๐ซ๐จ๐ง๐ข๐œ'๐ฌ partnership with an AI-based orthopedic start-up, underscore the focus on innovation.

๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐š๐ง๐ ๐”๐ฉ๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐„๐ฎ๐ซ๐จ๐ฉ๐ž

Europe is witnessing market consolidation, with ๐ƒ๐ž๐๐ฎ๐ฒ ๐’๐ฒ๐ง๐ญ๐ก๐ž๐ฌ acquiring regional distributors to enhance its footprint. The EU's emphasis on patient safety and quality control has driven companies to innovate. Noteworthy is ๐’๐ฆ๐ข๐ญ๐ก & ๐๐ž๐ฉ๐ก๐ž๐ฐ'๐ฌ introduction of bioactive implants in Germany and France.

๐‘๐ž๐œ๐ž๐ง๐ญ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ

Zimmer Biomet launched a new AI-enabled knee replacement system in 2024.
DePuy Synthes, a subsidiary of Johnson & Johnson, announced a strategic partnership with a robotic surgery firm in the US.
Medtronic introduced a spinal implant designed for minimally invasive surgeries in Europe.
Weigao Orthopedic expanded its product line in China, targeting cost-sensitive markets.

๐…๐จ๐ซ ๐š ๐๐ž๐ญ๐š๐ข๐ฅ๐ž๐ ๐จ๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ, ๐œ๐ฅ๐ข๐œ๐ค ๐จ๐ง ๐ญ๐ก๐ž ๐ฅ๐ข๐ง๐ค ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐ž๐:https://www.maximizemarketresearch.com/market-report/global-orthopedic-devices-market/66301/

๐Ž๐ซ๐ญ๐ก๐จ๐ฉ๐ž๐๐ข๐œ ๐ƒ๐ž๐ฏ๐ข๐œ๐ž๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง

๐›๐ฒ ๐ƒ๐ž๐ฏ๐ข๐œ๐ž๐ฌ ๐“๐ฒ๐ฉ๐ž

Joint Reconstruction Devices
Knee
Hip
Extremities
Spinal Devices
Spinal Fusion Devices
Spinal Non-Fusion Devices
Trauma Devices
Arthroscopy Devices
Orthobiologic Devices
Others

๐›๐ฒ ๐„๐ง๐-๐”๐ฌ๐ž๐ซ

Hospitals
Orthopedic Clinic
Ambulatory Surgical Centers
Others

๐Ž๐ซ๐ญ๐ก๐จ๐ฉ๐ž๐๐ข๐œ ๐ƒ๐ž๐ฏ๐ข๐œ๐ž๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ

1. Johnson & Johnson
2. Medtronic
3. Smith & Nephew Plc.
4. Aap Implantate Ag
5. Aesculap Inc.
6. Alphatec Spine
7. Amedica Corporation
8. Apatech Ltd.
9. Arthrocare Corporation
10. Biomet Inc.
11. Conmed Corporation
12. Depuy Inc.
13. Donjoy Inc.
14. Exatech Inc.
15. Globus Medical Inc.
16. Integra Lifesciences Holding Corporation
17. Medtronic Inc.
18. Nuvasive Inc.
19. Stryker Corporation
20. Synthes Inc.
21. Zimmer Holding Inc.

๐ƒ๐ข๐ฌ๐œ๐จ๐ฏ๐ž๐ซ ๐–๐ก๐š๐ญ'๐ฌ ๐“๐ซ๐ž๐ง๐๐ข๐ง๐ :

โ™ฆ Oral Solid Dosage Pharmaceutical Formulation Market https://www.maximizemarketresearch.com/market-report/oral-solid-dosage-pharmaceutical-formulation-market/121388/

โ™ฆ Orphan Drugs Market https://www.maximizemarketresearch.com/market-report/orphan-drugs-market/342/

โ™ฆ Orthodontic Market https://www.maximizemarketresearch.com/market-report/orthodontic-market/186269/

โ™ฆ Orthopaedic Devices Market https://www.maximizemarketresearch.com/market-report/orthopaedic-devices-market/11284/

โ™ฆ Paediatric Medical Device Market https://www.maximizemarketresearch.com/market-report/paediatric-medical-device-market/11712/

โ™ฆ Parenteral Nutrition Market https://www.maximizemarketresearch.com/market-report/parenteral-nutrition-market/38008/

โ™ฆ Patients Repositioning And Offloading Device Market https://www.maximizemarketresearch.com/market-report/patients-repositioning-and-offloading-device-market/123289/

โ™ฆ Peanut Allergy Market https://www.maximizemarketresearch.com/market-report/peanut-allergy-market/199509/

โ™ฆ Pediatric Healthcare Market https://www.maximizemarketresearch.com/market-report/pediatric-healthcare-market/37290/

โ™ฆ Pet Grooming Service Market https://www.maximizemarketresearch.com/market-report/pet-grooming-service-market/125501/

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

3rd Floor, Navale IT Park, Phase 2
Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
sales@maximizemarketresearch.com
+91 96071 95908, +91 9607365656

๐€๐›๐จ๐ฎ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Orthopedic Devices Market to Surge from USD 60.84 Billion in 2022 to USD 95.79 Billion by 2029 at a CAGR of 6.7% here

News-ID: 3810498 • Views: โ€ฆ

More Releases from MAXIMIZE MARKET RESEARCH PVT.LTD

Raw Pet Food Market Poised for Growth Projected to Reach USD 14.55 Billion by 2030 with a 10.16% CAGR
01-20-2025 | Consumer Goods & Retail
MAXIMIZE MARKET RESEARCH PVT.LTD
Raw Pet Food Market Poised for Growth Projected to Reach USD 14.55 Billion by 20 โ€ฆ
๐‘๐š๐ฐ ๐๐ž๐ญ ๐…๐จ๐จ๐ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ The global raw pet food market is gaining traction, driven by the rising demand for natural and minimally processed pet food options. With a market size valued at USD 7387.57 Million in 2023, it is projected to grow at a robust CAGR of 10.16% during the forecast period from 2024 to 2030, reaching USD 14546.03 Million by the end of 2030. This press release explores country-specificโ€ฆ
Zircon Sand Market to Reach USD 3.99 Billion by 2030, Growing at a CAGR of 8.2%
01-15-2025 | Chemicals & Materials
MAXIMIZE MARKET RESEARCH PVT.LTD
Zircon Sand Market to Reach USD 3.99 Billion by 2030, Growing at a CAGR of 8.2%
Zircon Sand Market Overview The global zircon sand market is witnessing substantial growth, driven by its applications across various industries, including ceramics, refractories, and foundries. Valued at USD X billion in 2023, the market is expected to reach USD Y billion by 2030, growing at a CAGR of Z% from 2024 to 2030. This press release provides a comprehensive analysis of the market dynamics, country-specific developments, and recent trends. ๐“๐จ ๐ฅ๐ž๐š๐ซ๐ง ๐ฆ๐จ๐ซ๐ž,โ€ฆ
Automotive Brake Caliper Market to Reach USD 21.53 Billion by 2030, Growing at a 4% CAGR
01-15-2025 | Advertising, Media Consulting, โ€ฆ
MAXIMIZE MARKET RESEARCH PVT.LTD
Automotive Brake Caliper Market to Reach USD 21.53 Billion by 2030, Growing at a โ€ฆ
Automotive Brake Caliper Market Overview The Global Automotive Brake Caliper Market is witnessing significant advancements driven by technological innovations and the surging demand for efficient braking systems. The market was valued at USD X billion in 2023 and is projected to grow at a CAGR of X% from 2024 to 2030, reaching USD X billion. This press release explores country-specific growth, opportunities, trends, consolidation, and updation in the market across Vietnam,โ€ฆ
Account Reconciliation Software Market to Reach $8.10 Billion by 2030, Growing at a 14.6% CAGR
01-15-2025 | IT, New Media & Software
MAXIMIZE MARKET RESEARCH PVT.LTD
Account Reconciliation Software Market to Reach $8.10 Billion by 2030, Growing a โ€ฆ
Account Reconciliation Software Market Overview Global Account Reconciliation Software Market Poised for Growth The global account reconciliation software market is projected to experience substantial growth, reaching a market valuation of USD X billion by 2030, growing at a CAGR of X.X% from 2024 to 2030. This growth is driven by the increasing adoption of automated financial solutions and advancements in AI and cloud technologies. ๐“๐จ ๐ฅ๐ž๐š๐ซ๐ง ๐ฆ๐จ๐ซ๐ž, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐œ๐ฅ๐ข๐œ๐ค ๐จ๐ง ๐ญ๐ก๐ž ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/104828/โ€ฆ

All 5 Releases


More Releases for Device

08-11-2025 | Business, Economy, Finances, B โ€ฆ
Insightace Analytic Pvt Ltd.
Medical Device Regulatory Affairs Market Medical Device Regulatory Affairs Marke โ€ฆ
"Medical Device Regulatory Affairs Market" in terms of revenue was estimated to be worth $ 6.7 billion in 2024 and is poised to reach $ 18.3 billion by 2034, growing at a CAGR of 10.8% from 2025 to 2034 according to a new report by InsightAce Analytic. Request For Free Sample Pages: https://www.insightaceanalytic.com/request-sample/1913 Latest Drivers Restraint and Opportunities Market Snapshot: Key factors influencing the global medical device regulatoryโ€ฆ
06-26-2025 | IT, New Media & Software
The Business Research Company
Surge In Wireless Device Usage Boosts Wireless Audio Device Market Driving Marke โ€ฆ
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations. How Large Will the Wireless Audio Device Market Size By 2025? In recent years, there has been remarkable growth in the wireless audio device market size. The market, which is projected to expand from $41.85 billion in 2024 to $52.37 billion in 2025, boasts a compound annual growth rate (CAGR) of 25.1%. Factors contributingโ€ฆ
06-20-2023 | Business, Economy, Finances, B โ€ฆ
Growth Plus Reports
Anti-snoring Device Market - Quiet Nights, Restful Sleep: Anti-snoring Device In โ€ฆ
Newark, New Castle, USA: The "Anti-snoring Device Market" provides a value chain analysis of revenue for the anticipated period from 2023 to 2031. The report will include a full and comprehensive analysis of the business operations of all market leaders in this industry, as well as their in-depth market research, historical market development, and information about their market competitors. Anti-snoring Device Market: https://www.growthplusreports.com/report/antisnoring-device-market/8931 This latest report researches the industry structure, sales, revenue,โ€ฆ
02-11-2021 | Advertising, Media Consulting, โ€ฆ
Ken Research Pvt Ltd
Global Watch Clock Measuring Device Market | Watch Clock Measuring Device Indust โ€ฆ
Watch, clock and measuring device market comprises of the sales of watch, clock, measuring device & related services to measure the time and physical quantity. Watch is portable timepiece, which is worn by people around the wrist, attached by a strap. Clock is a device used to measure and indicate time, using the pointers moving over a dial. Measuring device is an instrument used for measuring the various parameters inโ€ฆ
09-17-2018 | Health & Medicine
Polaris Market Research & Consulting
Peripheral Vascular Device Market Size, Peripheral Vascular Device Market Share, โ€ฆ
Global Peripheral Vascular Device Market Size is observed to gain traction owing to the factors such as increasing research and development for developing several new product, and rising funding by the private organizations. Request for Sample of This Research Report @ https://bit.ly/2xjOKpC Top Key Player:- Abbott Laboratories Braun Melsungen AG Boston Scientific Corporation R. Brad, Inc. Cardinal Health, Inc. Medtronic plc. Cook Medical, Inc. Teruma Corporation Jude Medical, Inc. The Spectranetics Corporation Volcano Corporation Peripheral vascular disorder (PVD) is a blood circulation disorderโ€ฆ
08-20-2018 | Advertising, Media Consulting, โ€ฆ
Transparency Market Research
Medical Device Technologies Market - The Evolution of Medical Device Technologie โ€ฆ
The global medical device technologies market is anticipated to be boosted by various well-known players in the market. Some of these players that are dealing with the manufacturing of in vitro diagnostic devices hold a significant share in the global market. Whereas, the small market players are emerging from several developing nations, looking to set their foot in the market. Such measures are foreseen to change the market scenario inโ€ฆ