Report Details-
Global Orthopedic Devices Market, By Products (Reconstructive Joint Replacements, Spinal Implants, Trauma and Craniomaxillofacial, Dental Implants, and Orthobiologics), Device Type (Internal Fixation Devices, External Fixation Devices), Biomaterial (Metallic Biomaterials, Polymeric Biomaterials, Ceramic Biomaterials, Natural Biomaterials, and Others), Procedures (Open Surgery, Minimally Invasive Surgery (MIS)), End Users (Hospitals, Ambulatory Care Center, Specialized Clinics, Orthopedic Centers, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
Internal fixation surgery, which entails the placement of devices to cure broken bones, frequently employs orthopedic devices for anchoring fractured bones. Accidents and sports injuries are becoming more common around the world, which is propelling the market forward. The number of orthopedic surgeries is rising, which is hastening the use of orthopedic devices. In addition, technological advancements are increasing the demand for orthopedic equipment.
Data Bridge Market Research analyses that the orthopedic devices market which was USD 4,603.62 million in 2021, would rocket up to USD 7505.26 million by 2029, and is expected to undergo a CAGR of 6.3% during the forecast period 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Market Definition
Orthopedic devices are used to replace or support a missing or damaged bone or joint in a patient's body. The orthopedic devices are intended to cure deformities or fractures, among other things, in order to restore normal skeletal function and stable body posture. The orthopedic devices market has transformed as a result of technological advancements, which has resulted in a shift away from traditional surgical methods and toward the usage of current fixation and prosthetic devices.
Orthopedic Devices Market Dynamics
Drivers
- Rise in the geriatric population
An ageing population and increased prevalence of osteoarthritis and osteoporosis around the world are driving the global market. Furthermore, increased medical tourism and technological improvements have played an important role in the global market's expansion. The orthopedic devices market is being driven by factors such as an increase in the geriatric population, a high risk of osteoporosis and osteoarthritis, as well as an increase in joint replacement and sports accidents around the world. Over the forecast period of 2022 to 2029, fractures and trauma cases are also expected to increase the orthopedic devices market. Furthermore, technical advancements such as 3D printing and smart sensors, both of which have a high product penetration, are boosting market growth.
Global Orthopedic Devices Market Scope
The orthopedic devices market is segmented on the basis of product, type, biomaterial and end- user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Orthopedic Devices Market Regional Analysis/Insights
The orthopedic devices market is analysed and market size insights and trends are provided by country, product, type, biomaterial and end-user as referenced above.
The countries covered in the orthopedic devices market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Competitive Landscape and Orthopedic Devices Market Share Analysis
Some of the major players operating in the orthopedic devices market are:
- Zimmer Biomet (U.S)
- Smith & Nephew plc (Germany)
- Medtronic (Ireland)
- Stryker (U.S)
- Braun Melsungen AG (Germany)
- NuVasive, Inc. (U.S)
- DJO, LLC (U.S)
- Institut Straumann AG (Switzerland)
- OSSTEM IMPLANT CO., LTD. (South Korea)
- Narang Medical Limited (U.S)
- Globus Medical (U.S)
- Arthrex, Inc. (U.S)
- CONMED Corporation (U.S)
- Integra LifeSciences Corporation (U.S)
- RTI Surgical (U.S)
- W. L. Gore & Associates, Inc. (U.S)
- Corin Group (U.S)
- Johnson & Johnson Services, Inc. (U.S)
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Major TOC of the Report
1 INTRODUCTION
2 MARKET SEGMENTATION
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
5 MARKET OVERVIEW
6 IMPACTS OF COVID-19 ON THE GLOBAL ORTHOPEDIC DEVICES MARKET
7 GLOBAL ORTHOPEDIC DEVICES MARKET, BY INDUSTRY TYPE
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