Press release
Orthopedic Devices Market: Noteworthy Growth in Market Size and CAGR Driven by Key Players and Emerging Trends.
Orthopedic Devices Market: Noteworthy Growth in Market
What Is The Projected Market Size Of The Global Orthopedic Devices Market And Its Growth Rate?
• The market size for orthopedic devices has grown substantially in recent times, from $51.45 billion in 2024 to $55.08 billion in 2025, marking a CAGR of 7.1%.
• Drivers such as rising elderly population, occurrence of osteoarthritis, and increased orthopedic procedures have contributed to historic growth.
• The projected growth for the next few years is strong, with the market size set to reach $67.05 billion in 2029 at a CAGR of 5.0%.
• The forecast period growth can be attributed to developing value-based healthcare models, sustainability focus, joint preservation regenerative approaches, and advanced implant coatings and materials.
What Is Driving The Growth In The Orthopedic Devices Market?
Increased arthritis prevalence is a key driver for Orthopedic Devices Market growth. Arthritis, an illness causing discomfort or inflammation in one or more joints, often requires the application of orthopedic devices. These devices can alleviate pain, enhance mobility, and overall functionality. For instance, according to the National Center for Health Statistics, the age-adjusted prevalence of diagnosed arthritis in adults was 18.9% in February 2024, indicating a rise that is set to further propel the orthopedic device market growth.
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Who Are the Key Players Driving Orthopedic Devices Market Growth?
The major market players 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...
What Are The Key Trends In The Orthopedic Devices Market?
The forecast period features key trends like:
• Smart orthopedic devices
• Robotics in orthopedic surgery
• Customized orthopedic bracing
• Nanotechnology in orthopedics
• Telemedicine in orthopedic care
What Are The Segments Of The Global Orthopedic Devices Market?
• By Product: Instruments/Equipment, Disposables
• By Type: Joint Reconstruction Devices And Equipment,Trauma Fixation Devices And Equipment...
• By Type of Expenditure: Public, Private
• By End User: Hospitals And Clinics, Diagnostic Laboratories, Other End Users
Which Region Leads The Orthopedic Devices Market?
North America was the largest region in the global orthopedic devices market in 2024, followed by Western Europe. The global coverage includes regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Orthopedic Devices Market Global Market Report?
- Market Size Analysis: Analyze the Orthopedic Devices Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Orthopedic Devices Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Orthopedic Devices Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Orthopedic Devices Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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