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Rising Incidences Of Road And Sports Accidents Fuel Growth In The Orthopaedic Accessories Market Driving Market Acceleration in the Orthopedic Accessories Industry, 2025
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.How Large Will the Orthopedic Accessories Market Size By 2025?
In recent times, the orthopedic accessories market has experienced consistent growth. It is projected to expand from a market value of $3.31 billion in 2024 to $3.4 billion in 2025, marking a compound annual growth rate (CAGR) of 2.7%. This growth during the historic period has been fueled by factors such as the aging population, orthopedic injuries, the need for rehabilitation and physical therapy, as well as lifestyle and fitness trends.
How Big Is the Orthopedic Accessories Market Size Expected to Grow by 2029?
The market size for orthopedic accessories is predicted to experience consistent growth in the upcoming years, expanding to a value of $3.78 billion in 2029 at a compound annual growth rate (CAGR) of 2.7%. This anticipated growth in the forecasted period is primarily thanks to the expansion of emerging markets, support from regulatory bodies and insurance covering the costs, technological advancements, as well as value-based healthcare. Noteworthy trends for the forecast period entail smart orthopedic accessories, environmentally friendly materials, increased patient involvement, tele-rehabilitation, and remote monitoring.
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Which Key Market Drivers Powering Orthopedic Accessories Market Expansion and Growth?
The surge in medical cases resulting from road and sports mishaps is propelling the Orthopaedic Accessories market forward. The chance of bone and muscle tissue damage is high in these aforementioned accidents, necessitating the use of orthopedic accessories such as arm support, knee braces, and hip support. These provide rigid stability to the injured tissue and fractured joint/bones while being treated. Orthopaedic accessories play a key role in bone immobilization, allowing them time to heal. They also use materials like bone cement and casting to mend broken bones and fill gaps within or between bones. A report from WHO indicates that approximately 20-50 million individuals worldwide suffer non-lethal injuries due to road accidents each year. Likewise, Stanford Children's Health survey reports that over 3.5 million kids aged 14 or below sustain injuries annually through sports involvement or other recreational activities. With an upsurge in road and sports accidents, medical cases necessitating orthopaedic accessories for adequate treatment will also increase, contributing to the growth of the orthopaedic accessories market.
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Which Fast-Growing Trends Are Poised to Disrupt the Orthopedic Accessories Market?
Firms in the orthopedic accessories market are progressively adopting 3D printing technology to enhance production efficiency and create customized accessories in line with patients' needs. The 3D printing technique is a method of constructing intricate structures by layering thin segments of a material and subsequently removing unneeded parts. In the realm of orthopedic care, individuals' bodily shapes and sizes greatly vary; 3D printing allows companies to formulate accessories that cater to each patient's specific needs. Take ZSFab Company, for example, they utilised 3D Printing technology to produce orthopedic accessories such as neck braces and wrist casts. Meanwhile, corporations like Stryker, Medtronic, and Smith & Nephew are leveraging 3D printing techniques to upgrade manufacturing efficiencies and elevate product standards.
What Are the Emerging Segments in the Orthopedic Accessories Market?
The orthopedic accessories market covered in this report is segmented -
1) By Type: Bone Cement, Casting System, Removal System
2) By Application: Hip, Knee, Spine
3) By End User: Hospital, Orthopedic Clinic, Trauma Fixation Center
Subsegments:
1) By Bone Cement: Polymethyl Methacrylate (PMMA) Bone Cement, Calcium Phosphate Bone Cement, Antibiotic-Loaded Bone Cement
2) By Casting System: Plaster Casting System, Fiberglass Casting System
3) By Removal System: Bone Cement Removal System, Cast Removal System
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Who Are the Global Leaders in the Orthopedic Accessories Market?
Major companies operating in the orthopedic accessories market include Stryker Corporation, Zimmer Biomet Holdings Inc., DePuy Synthes Companies, Smith and Nephew PLC, McDavid, Aesculap Implant System, Conmed Corporation, Donjoy, NuVasive, Medtronic plc, Schock Doctor, Rehband, Nordic Lifting, BioSkin, Bauerfeind AG, Futuro, Ultra Flex Athletics, EVS Sports, Neo G, NatraCure, United Ortho, Corflex Cryo, DJO Global, Arthrex, Tecres SpA, Heraeus Holding and Teknimed, OsteoRemedies, Enovis, Globus Medical, Orthofix Medical (Orthofix-SeaSpine), 4Web Medical, OrthoPediatrics, SeaSpine Orthopedics, Acumed LLC, Bioventus Surgical, Integra LifeSciences, Medline Industries Inc., MicroPort Orthopedics Inc.
Which are the Top Profitable Regional Markets for the Orthopedic Accessories Industry?
North America was the largest region in the global orthopedic accessories devices equipment market in 2024. Western Europe was the second-largest region in the orthopedic accessories devices equipment market. The regions covered in the orthopedic accessories market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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