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Leading Element Driving Change in the Orthopedic Devices Market in 2025: Increasing Arthritis Prevalence Drives Growth In Orthopedic Devices Market Driver
Orthopedic Devices
The increasing incidence of arthritis is predicted to stimulate the expansion of the orthopedic device market. Arthritis refers to conditions causing pain or disease in the joints, which encompasses swelling or broadening of one or several joints. The use of orthopedic devices can be beneficial for people suffering from arthritis as it helps in pain relief, augmenting mobility, and improving overall function. For example, in February 2024, the National Center for Health Statistics, a US government-based agency, reported that the age-adjusted prevalence of diagnosed arthritis in adults in 2022 was 18.9%, with a higher percentage in women (21.5%) as compared to men (16.1%). The incidence significantly shot up with age; it was 3.6% in adults from 18-34 years old and 53.9% in individuals aged 75 and above. Hence, the escalation in prevalence will spur the growth of the orthopedic device market.
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What is the projected compound annual growth rate (CAGR) of the orthopedic devices market from 2025 to 2034, and what factors influence it?
The size of the orthopedic devices market has seen significant expansion in the past few years. The market is projected to expand from $51.45 billion in 2024 to $55.08 billion in 2025, with a compound annual growth rate (CAGR) of 7.1%. The historic period's growth can be traced back to factors such as an aging population, the prevalence of osteoarthritis, an increase in orthopedic procedures, regulatory approvals and standards, a focus on patients' outcomes and quality of life, and heightened awareness of joint health.
In the coming years, the orthopedic devices market size is anticipated to witness significant growth. It is predicted to reach $67.05 billion by 2029, growing at a compound annual growth rate (CAGR) of 5.0%. Rising value-based healthcare models, emphasis on sustainability, regenerated procedures for joint preservation, improved implant coverings and materials all contribute to the growth predicted for the forecast period. Looking ahead, the market is posed to see an upsurge in the utilization of smart orthopedic devices, incorporation of robotics in orthopedic operations, customized orthopedic bracing, the application of nanotechnology in orthopedics, and the rise of telemedicine in orthopedic care.
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What are the emerging trends shaping the future of the orthopedic devices market?
The growth of the orthopedic devices market has been constrained by the introduction of innovative drugs and therapeutic approaches that enable patients to bypass surgical procedures. Progress in tissue engineering, stem-cell therapy, and other substitutes like platelet-rich plasma (PRP) injections enable patients to dodge surgeries for health issues like arthritis, tendonitis, and more. As a result, there has been a drop in the demand for orthopedic devices, with an escalating number of people choosing these alternative treatments to sidestep the hazards and complications linked with orthopedic procedures.
Which growth-oriented segments of the orthopedic devices market are leading the industry's development?
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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What regions are leading the charge in 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.
What companies are at the forefront of innovation 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
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What Is Covered In The Orthopedic Devices Global Market Report?
•Market Size Forecast: Examine the orthopedic devices market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the orthopedic devices market for a structured understanding.
•Key Players Overview: Analyze major players in the orthopedic devices market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the orthopedic devices market.
•Segment Contributions: Evaluate how different segments drive overall growth in the orthopedic devices market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the orthopedic devices market.
•Industry Challenges: Identify potential risks and obstacles affecting the orthopedic devices market.
•Competitive Landscape: Review strategic developments in the orthopedic devices market, including expansions, agreements, and new product launches.
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