Orthopedic Devices Market Size, By Product, Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2023

Description

List of Tables

Orthopedic Devices Market is estimated to showcase massive growth between 2023-2032, owing to the rising prevalence of orthopedic disorders linked with the knee, ankle, and shoulder. The ageing population is more prone to be impacted by orthopedic disorders owing to the weakening of bones.

In addition, the rising prevalence of osteoarthritis in the elderly population within the age range of 65 and above has further stimulated the demand for orthopedic devices. The cases of falls and fractures in the elderly population are constantly rising across the world, which has escalated the demand for technological modernizations in orthopedic surgical procedures, thereby stimulating the industry growth.

Key players operating in the orthopedic devices industry are engaging in partnerships, mergers, and acquisitions and launching new products to stay competitive in the market. For instance, Alphatec Holdings, Inc., recently announced the acquisition of EOS imaging, SA, under a transaction deal worth $88 million, plus debt retirement of $33.9 million, in a combination of cash and equity. The deal is anticipated to create significant cross-selling and pull-through opportunities through an expanded sales network and combined clientele.

Besides, ongoing technological innovations in the orthopedic device industry will further transform the market outlook by 2032. To cite an instance, Arthrex, one of the leaders in minimally invasive surgical technology, announced receiving an FDA approval for its ACL TightRope implant for pediatric indications. The TightRope implant will be used during the surgical orthopedic treatments and is the only fixation device for ACL (anterior cruciate ligament) injuries cleared for pediatric use.

Overall, the orthopedic devices market is segmented in terms of product and region.

Considering the product, the trauma fixation devices segment held over USD 8.2 billion market share in 2022 and is anticipated to grow substantially through the coming years. The growth can be attributed to the mounting device use for fixing and stabilizing severe bone dislocations. The rising cases of orthopedic disorders, road accidents, and the surging geriatric population base will be the key factors stimulating the market expansion. In addition, the surging number of road accidents and injuries will act as a high-impact rendering factor for augmenting the demand for trauma fixation devices.

Regionally, the North America orthopedic devices market held over 56% revenue share in 2022 and is slated to grow exponentially owing to the rising prevalence of chronic diseases and the favorable regulatory scenario in the region. Rising healthcare expenditures and technological advancements across the North American economies would further augment the market growth in the region. In addition, the increased number of orthopedic surgeries, well-developed healthcare infrastructure, and surging cases of amputations and road accidents in the United States is anticipated to spur the product demand in the continent.

Product Code: 1501

Chapter 1 Methodology & Scope

1.1 Industry coverage
1.2 Market scope & definitions
1.3 Base estimates & working
- 1.3.1 Data collection
1.4 Forecast parameters
1.5 COVID-19 impact analysis at global level
1.6 Data validation
1.7 Data sources
- 1.7.1 Primary
- 1.7.2 Secondary
  - 1.7.2.1 Paid sources
  - 1.7.2.2 Unpaid sources

Chapter 2 Executive Summary

2.1 Orthopedic devices industry 360 degree synopsis, 2018 - 2032
2.2 Business trends
- 2.2.1 Product trends
- 2.2.2 Regional trends

Chapter 3 Orthopedic Devices Industry Insights

3.1 Industry landscape, 2018 - 2032
3.2 Industry impact forces
- 3.2.1 Growth drivers
  - 3.2.1.1 Growing base of geriatric population
  - 3.2.1.2 Augmented incidence of orthopedic diseases
  - 3.2.1.3 Technological advancements
  - 3.2.1.4 Escalating rate of orthopedic surgeries in developed nations
- 3.2.2 Industry pitfalls & challenges
  - 3.2.2.1 Excessive cost of orthopedic devices
  - 3.2.2.2 Stringent FDA regulations and biocompatibility issues
  - 3.2.2.3 Post-surgery complications
3.3 Growth potential analysis
- 3.3.1 By product
3.4 COVID-19 impact analysis
3.5 Technology landscape
3.6 Supply chain analysis
3.7 Future market trends
3.8 Regulatory landscape
- 3.8.1 U.S.
- 3.8.2 Europe
- 3.8.3 Asia Pacific
3.9 Vendor matrix analysis
3.10 Reimbursement scenario
3.11 Investment overview
3.12 Porter's analysis
- 3.12.1 Industry rivalry
- 3.12.2 Bargaining power of suppliers
- 3.12.3 Bargaining power of buyers
- 3.12.4 Threat of substitute
- 3.12.5 Threat of new entrants
3.13 PESTEL analysis
- 3.13.1 Political
- 3.13.2 Economical
- 3.13.3 Social
- 3.13.4 Technological
- 3.13.5 Legal
- 3.13.6 Environmental

Chapter 4 Competitive Landscape, 2021

4.1 Introduction
4.2 Company matrix analysis, 2021
4.3 Company share analysis, 2021
- 4.3.1 Global
- 4.3.2 North America
- 4.3.3 Europe
- 4.3.4 Asia Pacific
- 4.3.5 Latin America
- 4.3.6 MEA
4.4 Strategy dashboard, 2021

Chapter 5 Orthopedic Devices Market, By Product

5.1 Key segment trends
5.2 Joint reconstruction devices
- 5.2.1 Market estimates and forecast, 2018 - 2032 (USD Million)
- 5.2.2 Hip replacement
  - 5.2.2.1 Market estimates and forecast, 2018 - 2032 (USD Million)
- 5.2.3 Knee replacement
  - 5.2.3.1 Market estimates and forecast, 2018 - 2032 (USD Million)
- 5.2.4 Ankle replacement
  - 5.2.4.1 Market estimates and forecast, 2018 - 2032 (USD Million)
- 5.2.5 Shoulder replacement
  - 5.2.5.1 Market estimates and forecast, 2018 - 2032 (USD Million)
- 5.2.6 Others
  - 5.2.6.1 Market estimates and forecast, 2018 - 2032 (USD Million)
5.3 Spinal devices
- 5.3.1 Market estimates and forecast, 2018 - 2032 (USD Million)
5.4 Trauma fixation devices
- 5.4.1 Market estimates and forecast, 2018 - 2032 (USD Million)
5.5 Orthobiologics
- 5.5.1 Market estimates and forecast, 2018 - 2032 (USD Million)
5.6 Arthroscopic devices
- 5.6.1 Market estimates and forecast, 2018 - 2032 (USD Million)
5.7 Others
- 5.7.1 Market estimates and forecast, 2018 - 2032 (USD Million)

Chapter 6 Orthopedic Devices Market, By Region

6.1 Key regional trends
6.2 North America
- 6.2.1 U.S.
- 6.2.2 Canada
6.3 Europe
- 6.3.1 Germany
- 6.3.2 UK
- 6.3.3 France
- 6.3.4 Spain
- 6.3.5 Italy
6.4 Asia Pacific
- 6.4.1 China
- 6.4.2 Japan
- 6.4.3 India
- 6.4.4 Australia
- 6.4.5 South Korea
6.5 Latin America
- 6.5.1 Brazil
- 6.5.2 Mexico
- 6.5.3 Argentina
6.6 Middle East & Africa
- 6.6.1 South Africa
- 6.6.2 Saudi Arabia
- 6.6.3 UAE

Chapter 7 Company Profiles

7.1 aap Implantate AG
7.2 Alphatec Spine Inc.
7.3 Arthrex
7.4 B. Braun Melsungen AG
7.5 ConforMIS, Inc.
7.6 CONMED Corporation
7.7 DePuy Synthes (Johnson and Johnson)
7.8 DJO Global
7.9 Globus Medical
7.10 Integra LifeSciences
7.11 Medacta
7.12 Medtronic plc
7.13 Microport Scientific Corporation
7.14 NuVasive
7.15 Smith & Nephew
7.16 Stryker Corporation
7.17 TriMed Inc.
7.18 Waldemar LINK
7.19 Zimmer Biomet