Steady Expansion Forecast for Orthopedic Devices Market, Projected to Reach $61.87 Billion by 2029

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Orthopedic Devices Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of orthopedic devices has witnessed substantial growth in the past few years. The market, which stood at $47.78 billion in 2024, is projected to increase to $50.26 billion in 2025, reflecting a compound annual growth rate (CAGR) of 5.2%. Factors contributing to the growth during the historic period include an aging population, the common occurrence of osteoarthritis, an increase in orthopedic procedures, regulatory approvals and standards, emphasis on patient outcomes and life quality, as well as greater awareness about joint health.

Orthopedic Devices Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, a robust growth is predicted for the orthopedic devices market, with its size forecasted to reach $61.87 billion in 2029 with a compound annual growth rate (CAGR) of 5.3%. This projected market growth can be ascribed to the rise in value-based healthcare models, a thrust on sustainability, the emergence of regenerative techniques aimed at joint preservation, and the advancement in the quality of implant coating materials. The forecast period will possibly witness primary trends such as intelligent orthopedic devices, the implementation of robotics in orthopedic surgery, personalized orthopedic bracing, the application of nanotechnology in orthopedics, and the popularization of telemedicine in orthopedic care.

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What Are the Drivers Transforming the Orthopedic Devices Market?
The increasing occurrence of arthritis is anticipated to drive the expansion of the orthopedic device industry. Arthritis, defined as a condition causing discomfort or disease in the joints, and may cause inflammation or swelling in one or many joints, often requires the use of orthopedic devices. These devices could be beneficial for arthritis patients by relieving pain, improving mobility, and enhancing overall functionality. The National Center for Health Statistics, a US government agency, stated in February 2024 that in 2022, the age-adjusted incidence of diagnosed arthritis in adults stood at 18.9%. Women were more prone to arthritis, with 21.5%, compared to 16.1% in men. The rate of occurrence notably increased with age, starting at 3.6% in adults aged 18-34, and spiking to 53.9% among those aged 75 or older. Thus, this surge in incidence is projected to stimulate the growth of the orthopedic device industry.

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What Long-Term Trends Will Define the Future of the Orthopedic Devices Market?
The orthopedic devices market has experienced constraints due to the emergence of new drugs and therapeutic measures, which provide patients the option to bypass surgical interventions. Innovations in areas like tissue engineering, stem-cell therapy, and alternative treatments like platelet-rich plasma (PRP) injections enable patients to escape surgical procedures for ailments such as arthritis and tendonitis among others. This dynamic has adversely influenced the demand for orthopedic devices, as more individuals are choosing these non-surgical treatment options to avoid potential hazards and complications that come with orthopedic operations.

Which Segments in the Orthopedic Devices Market Offer the Most Profit Potential?
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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Which Firms Dominate the Orthopedic Devices Market by Market Share and Revenue in 2025?
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 Regions Offer the Highest Growth Potential 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.

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