PUBLISHER: Polaris Market Research | PRODUCT CODE: 1298046
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1298046
Orthopedic Devices Market Size, Share & Trends Analysis Report By Application (Hip, Knee, Spine, Cranio-Maxillofacial, Dental, SET), By Product (Accessories, Surgical Devices), By Region, And Segment Forecasts, 2023 - 2032
The global orthopedic devices market size is expected to reach USD 57.76 billion by 2032, according to a new study by Polaris Market Research. The report "Orthopedic Devices Market Size, Share & Trends Analysis Report By Application (Hip, Knee, Spine, Cranio-Maxillofacial, Dental, SET), By Product (Accessories, Surgical Devices), By Region, And Segment Forecasts, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
A number of factors contribute to the market's development, including the high prevalence of orthopaedic conditions like degenerative bone disease, the ageing population's growth, and the rise in traffic accidents. The early onset of musculoskeletal diseases, which are primarily brought on by obesity and a sedentary lifestyle, is another factor that is anticipated to cause the market to grow. According to data from the Global Burden of Disease report from 2021, 1.71 billion people globally experience musculoskeletal conditions.
Currently available trauma management techniques cannot completely restore body parts due to a lack of efficient surgical tools. Producers are spending a lot of money on research and development to make new, useful products. This increase in R&D efforts is expected to ensure rapid market growth in the near future. Technology advances and an increase in the prevalence of other bone-related diseases are expected to cause the market to expand even more. Obesity is one of the major factors that can cause arthritis.
The public's knowledge of the availability of cutting-edge products is forcing hospitals to constantly upgrade their facilities and services. Reimbursement for orthopaedic treatments has also contributed to the acceptance of orthopaedic surgeries. These components give patients the option to choose more expensive and complex treatments, boosting total revenue.
Due to the cancellation of elective procedures, low demand, and low sales, the COVID-19 pandemic had a detrimental impact on the market. Supply chain disruptions, business closures, travel restrictions, employee quarantines or illnesses, stay-at-home policies, and other protracted interruptions also caused businesses to experience practical difficulties. To stop the spread of disease and to meet the demand for treating COVID-19 patients, for instance, several public health groups in the United States recommended delaying elective procedures.
Orthopedic Devices Market Report Highlights
In 2021, the knee orthopaedic equipment segment held a major market share. From 2022 to 2030, this market is anticipated to continue to rule due to the rise in knee operations. However, two major obstacles to segment growth are high costs and protracted follow-up times.
Based on the products, the market is segmented into surgical instruments and accessories. The accessories market is expected to experience the highest CAGR. The accessories category also contains supplies and items like braces and arthroscopy equipment. This area also contains additional things like sutures, fasteners, and plaster supplies
North America led the global market for orthopaedic devices in 2021. The regional market's high demand for advanced healthcare services is anticipated to be fueled by the existence of industry heavyweights, a well-developed healthcare infrastructure, and reimbursement coverage. Due to ageing and an increase in traffic accidents, the target patient community is constantly expanding, which is further increasing the quantity of orthopaedic operations carried out nearby.
Medtronic PLC; Stryker Corporation; Zimmer-Biomet Holdings, Inc.; DePuy Synthes; Smith and Nephew PLC; Aesculap Implant Systems, LLC; Conmed Corporation; Donjoy, Inc.; NuVasive, Inc. are a few of the main companies active in the international market.
Polaris Market Research has segmented the Orthopedic Devices Market report based on application product type and region:
Orthopedic Devices, Application Outlook (Revenue - USD Billion, 2019 - 2032)
- Hip
- Knee
- Spine
- Cranio-Maxillofacial (CMF)
- Dental
Orthopaedic Devices, Product Outlook (Revenue - USD Billion, 2019 - 2032)
- Accessories
- Surgical Devices
Orthopedic Devices, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Orthopedic Devices Market Insights
- 4.1. Orthopedic Devices Market - Industry Snapshot
- 4.2. Orthopedic Devices Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. High prevalence of orthopedic diseases
- 4.2.1.2. R&D investments in order to create novel and effective devices
- 4.2.2. Restraints and Challenges
- 4.2.2.1. High cost
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Orthopedic Devices Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Orthopedic Devices Market, by Application
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Orthopedic Devices, by Application, 2019-2032 (USD Billion)
- 5.3. Hip
- 5.3.1. Global Orthopedic Devices Market, by Hip, by Region, 2019-2032 (USD Billion)
- 5.4. Knee
- 5.4.1. Global Orthopedic Devices Market, by Knee, by Region, 2019-2032 (USD Billion)
- 5.5. Spine
- 5.5.1. Global Orthopedic Devices Market, by Spine, by Region, 2019-2032 (USD Billion)
- 5.6. Cranio-Maxillofacial (CMF)
- 5.6.1. Global Orthopedic Devices Market, by Cranio-Maxillofacial (CMF), by Region, 2019-2032 (USD Billion)
- 5.7. Dental
- 5.7.1. Global Orthopedic Devices Market, by Dental, by Region, 2019-2032 (USD Billion)
6. Global Orthopedic Devices Market, by Product
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Orthopedic Devices Market, by Product, 2019-2032 (USD Billion)
- 6.3. Accessories
- 6.3.1. Global Orthopedic Devices Market, by Accessories, by Region, 2019-2032 (USD Billion)
- 6.4. Surgical Devices
- 6.4.1. Global Orthopedic Devices Market, by Surgical Devices, by Region, 2019-2032 (USD Billion)
7. Global Orthopedic Devices Market, by Geography
- 7.1. Key findings
- 7.2. Introduction
- 7.2.1. Orthopedic Devices Market Assessment, By Geography, 2019-2032 (USD Billion)
- 7.3. Orthopedic Devices Market - North America
- 7.3.1. North America: Orthopedic Devices Market, by Product, 2019-2032 (USD Billion)
- 7.3.2. North America: Orthopedic Devices Market, by Application, 2019-2032 (USD Billion)
- 7.3.3. Orthopedic Devices Market - U.S.
- 7.3.3.1. U.S.: Orthopedic Devices Market, by Product, 2019-2032 (USD Billion)
- 7.3.3.2. U.S.: Orthopedic Devices Market, by Application, 2019-2032 (USD Billion)
- 7.3.4. Orthopedic Devices Market - Canada
- 7.3.4.1. Canada: Orthopedic Devices Market, by Product, 2019-2032 (USD Billion)
- 7.3.4.2. Canada: Orthopedic Devices Market, by Application, 2019-2032 (USD Billion)
- 7.4. Orthopedic Devices Market - Europe
- 7.4.1. Europe: Orthopedic Devices Market, by Product, 2019-2032 (USD Billion)
- 7.4.2. Europe: Orthopedic Devices Market, by Application, 2019-2032 (USD Billion)
- 7.4.3. Orthopedic Devices Market - UK
- 7.4.3.1. UK: Orthopedic Devices Market, by Product, 2019-2032 (USD Billion)
- 7.4.3.2. UK: Orthopedic Devices Market, by Application, 2019-2032 (USD Billion)
- 7.4.4. Orthopedic Devices Market - France
- 7.4.4.1. France: Orthopedic Devices Market, by Product, 2019-2032 (USD Billion)
- 7.4.4.2. France: Orthopedic Devices Market, by Application, 2019-2032 (USD Billion)
- 7.4.5. Orthopedic Devices Market - Germany
- 7.4.5.1. Germany: Orthopedic Devices Market, by Product, 2019-2032 (USD Billion)
- 7.4.5.2. Germany: Orthopedic Devices Market, by Application, 2019-2032 (USD Billion)
- 7.4.6. Orthopedic Devices Market - Italy
- 7.4.6.1. Italy: Orthopedic Devices Market, by Product, 2019-2032 (USD Billion)
- 7.4.6.2. Italy: Orthopedic Devices Market, by Application, 2019-2032 (USD Billion)
- 7.4.7. Orthopedic Devices Market - Spain
- 7.4.7.1. Spain: Orthopedic Devices Market, by Product, 2019-2032 (USD Billion)
- 7.4.7.2. Spain: Orthopedic Devices Market, by Application, 2019-2032 (USD Billion)
- 7.4.8. Orthopedic Devices Market - Netherlands
- 7.4.8.1. Netherlands: Orthopedic Devices Market, by Product, 2019-2032 (USD Billion)
- 7.4.8.2. Netherlands: Orthopedic Devices Market, by Application, 2019-2032 (USD Billion)
- 7.4.9. Orthopedic Devices Market - Russia
- 7.4.9.1. Russia: Orthopedic Devices Market, by Product, 2019-2032 (USD Billion)
- 7.4.9.2. Russia: Orthopedic Devices Market, by Application, 2019-2032 (USD Billion)
- 7.5. Orthopedic Devices Market - Asia Pacific
- 7.5.1. Asia Pacific: Orthopedic Devices Market, by Product, 2019-2032 (USD Billion)
- 7.5.2. Asia Pacific: Orthopedic Devices Market, by Application, 2019-2032 (USD Billion)
- 7.5.3. Orthopedic Devices Market - China
- 7.5.3.1. China: Orthopedic Devices Market, by Product, 2019-2032 (USD Billion)
- 7.5.3.2. China: Orthopedic Devices Market, by Application, 2019-2032 (USD Billion)
- 7.5.4. Orthopedic Devices Market - India
- 7.5.4.1. India: Orthopedic Devices Market, by Product, 2019-2032 (USD Billion)
- 7.5.4.2. India: Orthopedic Devices Market, by Application, 2019-2032 (USD Billion)
- 7.5.5. Orthopedic Devices Market - Malaysia
- 7.5.5.1. Malaysia: Orthopedic Devices Market, by Product, 2019-2032 (USD Billion)
- 7.5.5.2. Malaysia: Orthopedic Devices Market, by Application, 2019-2032 (USD Billion)
- 7.5.6. Orthopedic Devices Market - Japan
- 7.5.6.1. Japan: Orthopedic Devices Market, by Product, 2019-2032 (USD Billion)
- 7.5.6.2. Japan: Orthopedic Devices Market, by Application, 2019-2032 (USD Billion)
- 7.5.7. Orthopedic Devices Market - Indonesia
- 7.5.7.1. Indonesia: Orthopedic Devices Market, by Product, 2019-2032 (USD Billion)
- 7.5.7.2. Indonesia: Orthopedic Devices Market, by Application, 2019-2032 (USD Billion)
- 7.5.8. Orthopedic Devices Market - South Korea
- 7.5.8.1. South Korea: Orthopedic Devices Market, by Product, 2019-2032 (USD Billion)
- 7.5.8.2. South Korea: Orthopedic Devices Market, by Application, 2019-2032 (USD Billion)
- 7.6. Orthopedic Devices Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Orthopedic Devices Market, by Product, 2019-2032 (USD Billion)
- 7.6.2. Middle East & Africa: Orthopedic Devices Market, by Application, 2019-2032 (USD Billion)
- 7.6.3. Orthopedic Devices Market - Saudi Arabia
- 7.6.3.1. Saudi Arabia: Orthopedic Devices Market, by Product, 2019-2032 (USD Billion)
- 7.6.3.2. Saudi Arabia: Orthopedic Devices Market, by Application, 2019-2032 (USD Billion)
- 7.6.4. Orthopedic Devices Market - UAE
- 7.6.4.1. UAE: Orthopedic Devices Market, by Product, 2019-2032 (USD Billion)
- 7.6.4.2. UAE: Orthopedic Devices Market, by Application, 2019-2032 (USD Billion)
- 7.6.5. Orthopedic Devices Market - Israel
- 7.6.5.1. Israel: Orthopedic Devices Market, by Product, 2019-2032 (USD Billion)
- 7.6.5.2. Israel: Orthopedic Devices Market, by Application, 2019-2032 (USD Billion)
- 7.6.6. Orthopedic Devices Market - South Africa
- 7.6.6.1. South Africa: Orthopedic Devices Market, by Product, 2019-2032 (USD Billion)
- 7.6.6.2. South Africa: Orthopedic Devices Market, by Application, 2019-2032 (USD Billion)
- 7.7. Orthopedic Devices Market - Latin America
- 7.7.1. Latin America: Orthopedic Devices Market, by Product, 2019-2032 (USD Billion)
- 7.7.2. Latin America: Orthopedic Devices Market, by Application, 2019-2032 (USD Billion)
- 7.7.3. Orthopedic Devices Market - Mexico
- 7.7.3.1. Mexico: Orthopedic Devices Market, by Product, 2019-2032 (USD Billion)
- 7.7.3.2. Mexico: Orthopedic Devices Market, by Application, 2019-2032 (USD Billion)
- 7.7.4. Orthopedic Devices Market - Brazil
- 7.7.4.1. Brazil: Orthopedic Devices Market, by Product, 2019-2032 (USD Billion)
- 7.7.4.2. Brazil: Orthopedic Devices Market, by Application, 2019-2032 (USD Billion)
- 7.7.5. Orthopedic Devices Market - Argentina
- 7.7.5.1. Argentina: Orthopedic Devices Market, by Product, 2019-2032 (USD Billion)
- 7.7.5.2. Argentina: Orthopedic Devices Market, by Application, 2019-2032 (USD Billion)
8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
- 9.1. Medtronic PLC
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
- 9.2. Stryker Corporation
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
- 9.3. Zimmer-Biomet Holdings, Inc
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
- 9.4. DePuy Synthes
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
- 9.5. Smith and Nephew PLC
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
- 9.6. Aesculap Implant Systems, LLC
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
- 9.7. Conmed Corporation
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
- 9.8. Donjoy, Inc.
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
- 9.9. NuVasive, Inc.
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
List of Tables
- Table 1 Global Orthopedic Devices Market, by Product, 2019-2032 (USD Billion)
- Table 2 Global Orthopedic Devices Market, by Application, 2019-2032 (USD Billion)
- Table 3 Orthopedic Devices Market Assessment, By Geography, 2019-2032 (USD Billion)
- Table 4 North America: Orthopedic Devices Market, by Product, 2019-2032 (USD Billion)
- Table 5 North America: Orthopedic Devices Market, by Application, 2019-2032 (USD Billion)
- Table 6 U.S.: Orthopedic Devices Market, by Product, 2019-2032 (USD Billion)
- Table 7 U.S.: Orthopedic Devices Market, by Application, 2019-2032 (USD Billion)
- Table 8 Canada: Orthopedic Devices Market, by Product, 2019-2032 (USD Billion)
- Table 9 Canada: Orthopedic Devices Market, by Application, 2019-2032 (USD Billion)
- Table 10 Europe: Orthopedic Devices Market, by Product, 2019-2032 (USD Billion)
- Table 11 Europe: Orthopedic Devices Market, by Application, 2019-2032 (USD Billion)
- Table 12 UK: Orthopedic Devices Market, by Product, 2019-2032 (USD Billion)
- Table 13 UK: Orthopedic Devices Market, by Application, 2019-2032 (USD Billion)
- Table 14 France: Orthopedic Devices Market, by Product, 2019-2032 (USD Billion)
- Table 15 France: Orthopedic Devices Market, by Application, 2019-2032 (USD Billion)
- Table 16 Germany: Orthopedic Devices Market, by Product, 2019-2032 (USD Billion)
- Table 17 Germany: Orthopedic Devices Market, by Application, 2019-2032 (USD Billion)
- Table 18 Italy: Orthopedic Devices Market, by Product, 2019-2032 (USD Billion)
- Table 19 Italy: Orthopedic Devices Market, by Application, 2019-2032 (USD Billion)
- Table 20 Spain: Orthopedic Devices Market, by Product, 2019-2032 (USD Billion)
- Table 21 Spain: Orthopedic Devices Market, by Application, 2019-2032 (USD Billion)
- Table 22 Netherlands: Orthopedic Devices Market, by Product, 2019-2032 (USD Billion)
- Table 23 Netherlands: Orthopedic Devices Market, by Application, 2019-2032 (USD Billion)
- Table 24 Russia: Orthopedic Devices Market, by Product, 2019-2032 (USD Billion)
- Table 25 Russia: Orthopedic Devices Market, by Application, 2019-2032 (USD Billion)
- Table 26 Asia Pacific: Orthopedic Devices Market, by Product, 2019-2032 (USD Billion)
- Table 27 Asia Pacific: Orthopedic Devices Market, by Application, 2019-2032 (USD Billion)
- Table 28 China: Orthopedic Devices Market, by Product, 2019-2032 (USD Billion)
- Table 29 China: Orthopedic Devices Market, by Application, 2019-2032 (USD Billion)
- Table 30 India: Orthopedic Devices Market, by Product, 2019-2032 (USD Billion)
- Table 31 India: Orthopedic Devices Market, by Application, 2019-2032 (USD Billion)
- Table 32 Malaysia: Orthopedic Devices Market, by Product, 2019-2032 (USD Billion)
- Table 33 Malaysia: Orthopedic Devices Market, by Application, 2019-2032 (USD Billion)
- Table 34 Japan: Orthopedic Devices Market, by Product, 2019-2032 (USD Billion)
- Table 35 Japan: Orthopedic Devices Market, by Application, 2019-2032 (USD Billion)
- Table 36 Indonesia: Orthopedic Devices Market, by Product, 2019-2032 (USD Billion)
- Table 37 Indonesia: Orthopedic Devices Market, by Application, 2019-2032 (USD Billion)
- Table 38 South Korea: Orthopedic Devices Market, by Product, 2019-2032 (USD Billion)
- Table 39 South Korea: Orthopedic Devices Market, by Application, 2019-2032 (USD Billion)
- Table 40 Middle East & Africa: Orthopedic Devices Market, by Product, 2019-2032 (USD Billion)
- Table 41 Middle East & Africa: Orthopedic Devices Market, by Application, 2019-2032 (USD Billion)
- Table 42 Saudi Arabia: Orthopedic Devices Market, by Product, 2019-2032 (USD Billion)
- Table 43 Saudi Arabia: Orthopedic Devices Market, by Application, 2019-2032 (USD Billion)
- Table 44 UAE: Orthopedic Devices Market, by Product, 2019-2032 (USD Billion)
- Table 45 UAE: Orthopedic Devices Market, by Application, 2019-2032 (USD Billion)
- Table 46 Israel: Orthopedic Devices Market, by Product, 2019-2032 (USD Billion)
- Table 47 Israel: Orthopedic Devices Market, by Application, 2019-2032 (USD Billion)
- Table 48 South Africa: Orthopedic Devices Market, by Product, 2019-2032 (USD Billion)
- Table 49 South Africa: Orthopedic Devices Market, by Application, 2019-2032 (USD Billion)
- Table 50 Latin America: Orthopedic Devices Market, by Product, 2019-2032 (USD Billion)
- Table 51 Latin America: Orthopedic Devices Market, by Application, 2019-2032 (USD Billion)
- Table 52 Mexico: Orthopedic Devices Market, by Product, 2019-2032 (USD Billion)
- Table 53 Mexico: Orthopedic Devices Market, by Application, 2019-2032 (USD Billion)
- Table 54 Brazil: Orthopedic Devices Market, by Product, 2019-2032 (USD Billion)
- Table 55 Brazil: Orthopedic Devices Market, by Application, 2019-2032 (USD Billion)
- Table 56 Argentina: Orthopedic Devices Market, by Product, 2019-2032 (USD Billion)
- Table 57 Argentina: Orthopedic Devices Market, by Application, 2019-2032 (USD Billion)
List of Figures
- Figure 1 Global Orthopedic Devices Market, 2019-2032 (USD Billion)
- Figure 2 Integrated Ecosystem
- Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
- Figure 4 Market by Geography
- Figure 5 Porter's Five Forces
- Figure 6 Market by Product
- Figure 7 Global Orthopedic Devices Market, by Product, 2022 & 2032 (USD Billion)
- Figure 8 Market by Application
- Figure 9 Global Orthopedic Devices Market, by Application, 2022 & 2032 (USD Billion)
- Figure 10 Orthopedic Devices Market Assessment, By Geography, 2019-2032 (USD Billion)
- Figure 11 Strategic Analysis - Orthopedic Devices Market
