Press release
Orthopaedic Devices Market Key Business Segments is Expected to Reach USD 66.12 Bn. by 2030
The global orthopaedic devices market, valued at USD 46.99 Billion in 2023, is expected to climb to USD 66.12 Billion by 2030, recording a robust 5 % CAGR over the forecast period. Growth is fueled by rising musculoskeletal disorders, aging populations, and road accidents-areas where cutting‐edge technologies and regional investments are converging.
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►Competitive Landscape
Leading players-DePuy Synthes, DJO Global, Medtronic, Stryker, Smith & Nephew, Zimmer Biomet, Wright Medical, NuVasive, Globus Medical, Arthrex, Johnson & Johnson, Össur, Integra, B. Braun-dominate across regions. Firms focus on innovation, M&A, AI, robotics, and 3D‐printing to gain competitive edge.
►Regional Insights
♦ United States Growth & Consolidation
The United States accounted for over 94 % of North America's market share in 2023. With more than 33,000 fatal road accidents and over 36,000 casualties in 2023, the demand for orthopaedic intervention continues to rise.
Growth & Opportunity:
Surging trauma cases, a growing elderly population, and expanding robotic-assisted surgeries are key tailwinds.
Consolidation & Trends:
Stryker has been highly active, completing acquisitions of France-based SERF SAS (March 2024) and AI healthcare firm Care.ai (Sept 2024).
DePuy Synthes, Medtronic, Zimmer Biomet, Smith & Nephew, and Össur actively compete, intensifying consolidation.
♦ Asia Pacific Trends & Updation
Asia Pacific is the fastest-growing region, powered by China and India's large elderly populations and thriving medical tourism.
Growth & Opportunity:
Expanding healthcare infrastructure, cost-effective treatments, and rising adoption of 3D‐printed implants and orthobiologics.
Consolidation & Trends:
Global players are forming alliances with local hospitals and device manufacturers to penetrate regional markets.
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♦ Europe Opportunity & Trends
Europe, led by Germany, registered USD 1.9 Billion in orthopaedic device revenues in 2023. Germany's health spending rose from USD 4,612 per capita in 2010 to USD 5,472 in 2018 (11.4 % of GDP) .
Growth & Opportunity:
Tight healthcare regulations encourage high safety and quality, favoring advanced implants and navigation-assisted solutions.
Consolidation & Trends:
Ottobock repurchased EQT's 20 % stake for €1.1 Billion (March 2024).
Smith & Nephew and Össur continue expansions in bracing and prosthetics.
Swiss Mathys was acquired by Enovis (then DJO Global) in June 2021 .
♦ Middle East & Africa (MEA) Opportunity & Consolidation
The MEA region is emerging, driven by expanding healthcare networks in GCC and South African markets.
Growth & Opportunity:
Lower regulatory barriers and rising investment in hospital infrastructure are fostering demand for orthopaedic repair and trauma devices.
Consolidation & Trends:
Multinationals are partnering with local distributors; training initiatives and device donation programs (e.g., SIGN Fracture Care) are expanding into Nigeria and Egypt.
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► Market Segmentation: In-Depth Analysis:
by Product Type
Joint Reconstruction Devices
Hip Replacement
Knee Replacement
Ankle Replacement
Shoulder Replacement
Others
Spinal Devices
Trauma Fixation Devices
Orthobiologics
Arthroscopic Devices
Others
For deeper market insights, peruse the summary of the research report:https://www.maximizemarketresearch.com/market-report/orthopaedic-devices-market/11284/
► Learn about the top players driving innovation in the Market :
1. DePuy Synthes
2. DJO Global
3. Medtronic
4. Strykar
5. Smith & Nephew
6. Zimmer Biomet
7. Wright Medical Group, Inc.
8. NuVasive, Inc.
9. Globus Medical, Inc.
10.Arthrex Inc.
11.Johnson & Johnson Services, Inc.
12.Ossur Corporate
13.Integra Lifesciences
14.Biomet
15.Ortho Max Manufacturing Company Pvt. Ltd.
16.Invibio
17.Auxein Medical
18.B. Braun Melsungen AG
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► About Maximize Market Research:
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.
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