Future of the Orthopedic Devices Market: Strategic Analysis and Forecast to 2034

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How Large Will the Orthopedic Devices Market Size By 2025?
The market size for orthopedic devices has seen robust growth of late. Expected to rise from $51.45 billion in 2024 to $55.08 billion in 2025, the market will witness a compound annual growth rate (CAGR) of 7.1%. The historical growth can be credited to factors such as an aging population, the widespread occurrence of osteoarthritis, a surge in orthopedic procedures, regulatory standards and approvals, an emphasis on patient outcomes and life quality, and heightened consciousness about joint health.

How Big Is the Orthopedic Devices Market Size Expected to Grow by 2029?
In the next few years, the orthopedic devices market is projected to experience significant growth. The estimation is that it will expand to a staggering $67.05 billion by 2029 with a compound annual growth rate (CAGR) of 5.0%. This anticipated growth in the forecast period can be linked to the rise in value-based healthcare models, a focus on sustainable practices, regenerative techniques for joint preservation, and superior implant coatings and materials. Some of the prominent trends expected throughout the forecast period encompass smart orthopedic devices, orthopedic surgery's use of robotics, customized orthopedic bracing, the application of nanotechnology in orthopedics, and the incorporation of telemedicine in orthopedic care.

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Which Key Market Drivers Powering Orthopedic Devices Market Expansion and Growth?
Anticipated advancements in the orthopedic device market are largely due to the increasing incidence of arthritis. Arthritis is a term used to describe a condition that causes pain or disease in the joints, which can involve the inflammation or swelling of one or several joints. The use of orthopedic devices can be particularly beneficial for those suffering from arthritis as they can mitigate pain, improve mobility, and enhance overall function. For example, the National Center for Health Statistics, a US government agency, reported in February 2024 that the prevalence of arthritis diagnosed in adults, adjusted for age, was 18.9% in 2022, with a higher proportion in women (21.5%) than in men (16.1%). Notably, arthritis becomes significantly more prevalent with age, starting from 3.6% in adults aged 18-34 and spiking to 53.9% in those aged 75 and older. Consequently, this increase in incidence is expected to fuel the growth of the orthopedic device market.

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Which Fast-Growing Trends Are Poised to Disrupt the Orthopedic Devices Market?
The growth of the orthopedic devices market has been curtailed due to the invention of new medications and therapeutic measures that allow patients to sidestep surgical interventions. Progress in the fields of tissue engineering, stem-cell treatments, and alternative therapies such as platelet-rich plasma (PRP) injections provide a means for patients to bypass surgery for conditions like arthritis, tendonitis, amongst others. This has resulted in a decrease in the demand for orthopedic devices, as more individuals are choosing these alternative treatment options to avoid risks and complications linked with orthopedic procedures.

What Are the Emerging Segments in the Orthopedic Devices Market?
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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Who Are the Global Leaders 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

Which are the Top Profitable Regional Markets for the Orthopedic Devices Industry?
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.

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