The orthopedic devices market size has grown strongly in recent years. It will grow from $51.45 billion in 2024 to $55.08 billion in 2025 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to aging population, prevalence of osteoarthritis, rise in orthopedic procedures, regulatory approvals and standards, focus on patient outcomes and quality of life, increased awareness of joint health.
The orthopedic devices market size is expected to see strong growth in the next few years. It will grow to $67.05 billion in 2029 at a compound annual growth rate (CAGR) of 5%. The growth in the forecast period can be attributed to growing value-based healthcare models, focus on sustainability, regenerative approaches for joint preservation, enhanced implant coatings and materials. Major trends in the forecast period include smart orthopedic devices, robotics in orthopedic surgery, customized orthopedic bracing, nanotechnology in orthopedics, telemedicine in orthopedic care.
The increasing prevalence of arthritis is anticipated to drive the growth of the orthopedic device market in the coming years. Arthritis refers to the discomfort or disease affecting the joints, characterized by inflammation or swelling in one or more joints. The use of orthopedic devices can be beneficial for individuals suffering from arthritis, as they help alleviate pain, improve mobility, and enhance overall functionality. For example, in February 2024, the National Center for Health Statistics, a US-based government agency, reported that in 2022, the age-adjusted prevalence of diagnosed arthritis among adults was 18.9%, with women (21.5%) being more likely to be affected than men (16.1%). The prevalence notably increased with age, rising from 3.6% in adults aged 18-34 to 53.9% in those aged 75 and older. Therefore, the rising prevalence of arthritis is set to boost the orthopedic device market.
The growing patient pool resulting from the increasing geriatric population worldwide has significantly contributed to the growth of the orthopedic devices market during the historical period. Orthopedic devices are frequently employed to address musculoskeletal problems and age-related conditions in older adults. For instance, in January 2024, a report from the US-based Pew Research Center indicated that the geriatric population was projected to increase by 0.2% in 2024 and by 0.5% in 2054. These factors have heightened the demand for orthopedic products and propelled the market during the historical period.
The development of new drugs and therapies offering alternatives to surgical procedures has limited the orthopedic devices market. Advances in tissue engineering, stem-cell therapy, and treatment alternatives such as platelet-rich plasma (PRP) injections enable patients to avoid surgical interventions for conditions such as arthritis and tendonitis. The increasing preference for these alternative treatment methods has negatively impacted the demand for orthopedic devices, as individuals seek to avoid the risks and complications associated with surgical procedures.
Major companies in the orthopedic devices market are concentrating on creating innovative products, including advanced surgical robotic systems, to improve precision and patient outcomes. They are also incorporating AI technologies to enhance surgical planning and execution. An advanced surgical robotic system is a sophisticated platform that aids surgeons in conducting minimally invasive procedures with greater precision and control. This system includes robotic arms, 3D visualization, and specialized instruments, which contribute to increased accuracy and better patient outcomes. For example, in June 2024, Meril, an India-based medical device firm, introduced the MISSO, which enhances knee replacement surgeries by offering high precision and affordability, lowering costs by around 66%. The product aims to improve patient outcomes and accessibility, especially in smaller hospitals throughout India.
Biodegradable implants are increasingly finding application in trauma and orthopedic surgeries. These implants serve to replace missing biological structures, support damaged biological structures, and enhance existing bone structures. Biodegradable products, including absorbable polymers made of polyglycolic acid and polylactic acid in the form of plates, screws, and pins, are emerging as alternatives to traditional devices such as plates and screws, known for their higher costs. Surgeons are showing a preference for biodegradable implants over conventional ones due to their ability to provide temporary support for bone fractures, degrade at a rate aligning with new tissue formation, eliminate the need for a second surgery, prove highly useful in fracture fixation in children, and result in fewer implant-related infections. For example, Stryker Corporation offers orthobiologics, including bone repair biodegradable products, employed in bone regeneration and healing, soft tissue regeneration, and muscle connection to bone.
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.
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. The countries covered in the orthopedic devices market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Orthopedic devices are medical instruments and implants intended to support or enhance the function of bones, joints, and muscles. They are utilized to treat injuries, deformities, and conditions affecting the musculoskeletal system, thereby improving mobility and reducing pain.
The orthopedic devices market encompasses various types of devices and equipment, including joint reconstruction devices, spinal surgery devices, trauma fixation devices, orthobiologics devices, arthroscopy devices, orthopedic braces and support devices, craniomaxillofacial (CMF) devices, and orthopedic prosthetics. Spinal surgery devices, for instance, are utilized in spine surgeries to stabilize the spine and prevent motion while facilitating fusion between two or more vertebrae. Expenditure in this field may be classified as either public or private, and the products involved include instruments/equipment and disposables. End-users of orthopedic devices include hospitals and clinics, diagnostic laboratories, and others.
The orthopedic devices market research report is one of a series of new reports that provides orthopedic devices market statistics, including orthopedic devices industry global market size, regional shares, competitors with an orthopedic devices market share, detailed orthopedic devices market segments, market trends and opportunities, and any further data you may need to thrive in the orthopedic devices industry. This orthopedic devices market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The orthopedic devices market consists of sales of osteotomes, bone-cutting forceps, Gigli saws, and plate benders that are used for orthopedic surgeries and treatment. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The orthopedic devices market size is expected to see strong growth in the next few years. It will grow to $67.05 billion in 2029 at a compound annual growth rate (CAGR) of 5%. The growth in the forecast period can be attributed to growing value-based healthcare models, focus on sustainability, regenerative approaches for joint preservation, enhanced implant coatings and materials. Major trends in the forecast period include smart orthopedic devices, robotics in orthopedic surgery, customized orthopedic bracing, nanotechnology in orthopedics, telemedicine in orthopedic care.
The increasing prevalence of arthritis is anticipated to drive the growth of the orthopedic device market in the coming years. Arthritis refers to the discomfort or disease affecting the joints, characterized by inflammation or swelling in one or more joints. The use of orthopedic devices can be beneficial for individuals suffering from arthritis, as they help alleviate pain, improve mobility, and enhance overall functionality. For example, in February 2024, the National Center for Health Statistics, a US-based government agency, reported that in 2022, the age-adjusted prevalence of diagnosed arthritis among adults was 18.9%, with women (21.5%) being more likely to be affected than men (16.1%). The prevalence notably increased with age, rising from 3.6% in adults aged 18-34 to 53.9% in those aged 75 and older. Therefore, the rising prevalence of arthritis is set to boost the orthopedic device market.
The growing patient pool resulting from the increasing geriatric population worldwide has significantly contributed to the growth of the orthopedic devices market during the historical period. Orthopedic devices are frequently employed to address musculoskeletal problems and age-related conditions in older adults. For instance, in January 2024, a report from the US-based Pew Research Center indicated that the geriatric population was projected to increase by 0.2% in 2024 and by 0.5% in 2054. These factors have heightened the demand for orthopedic products and propelled the market during the historical period.
The development of new drugs and therapies offering alternatives to surgical procedures has limited the orthopedic devices market. Advances in tissue engineering, stem-cell therapy, and treatment alternatives such as platelet-rich plasma (PRP) injections enable patients to avoid surgical interventions for conditions such as arthritis and tendonitis. The increasing preference for these alternative treatment methods has negatively impacted the demand for orthopedic devices, as individuals seek to avoid the risks and complications associated with surgical procedures.
Major companies in the orthopedic devices market are concentrating on creating innovative products, including advanced surgical robotic systems, to improve precision and patient outcomes. They are also incorporating AI technologies to enhance surgical planning and execution. An advanced surgical robotic system is a sophisticated platform that aids surgeons in conducting minimally invasive procedures with greater precision and control. This system includes robotic arms, 3D visualization, and specialized instruments, which contribute to increased accuracy and better patient outcomes. For example, in June 2024, Meril, an India-based medical device firm, introduced the MISSO, which enhances knee replacement surgeries by offering high precision and affordability, lowering costs by around 66%. The product aims to improve patient outcomes and accessibility, especially in smaller hospitals throughout India.
Biodegradable implants are increasingly finding application in trauma and orthopedic surgeries. These implants serve to replace missing biological structures, support damaged biological structures, and enhance existing bone structures. Biodegradable products, including absorbable polymers made of polyglycolic acid and polylactic acid in the form of plates, screws, and pins, are emerging as alternatives to traditional devices such as plates and screws, known for their higher costs. Surgeons are showing a preference for biodegradable implants over conventional ones due to their ability to provide temporary support for bone fractures, degrade at a rate aligning with new tissue formation, eliminate the need for a second surgery, prove highly useful in fracture fixation in children, and result in fewer implant-related infections. For example, Stryker Corporation offers orthobiologics, including bone repair biodegradable products, employed in bone regeneration and healing, soft tissue regeneration, and muscle connection to bone.
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.
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. The countries covered in the orthopedic devices market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Orthopedic devices are medical instruments and implants intended to support or enhance the function of bones, joints, and muscles. They are utilized to treat injuries, deformities, and conditions affecting the musculoskeletal system, thereby improving mobility and reducing pain.
The orthopedic devices market encompasses various types of devices and equipment, including joint reconstruction devices, spinal surgery devices, trauma fixation devices, orthobiologics devices, arthroscopy devices, orthopedic braces and support devices, craniomaxillofacial (CMF) devices, and orthopedic prosthetics. Spinal surgery devices, for instance, are utilized in spine surgeries to stabilize the spine and prevent motion while facilitating fusion between two or more vertebrae. Expenditure in this field may be classified as either public or private, and the products involved include instruments/equipment and disposables. End-users of orthopedic devices include hospitals and clinics, diagnostic laboratories, and others.
The orthopedic devices market research report is one of a series of new reports that provides orthopedic devices market statistics, including orthopedic devices industry global market size, regional shares, competitors with an orthopedic devices market share, detailed orthopedic devices market segments, market trends and opportunities, and any further data you may need to thrive in the orthopedic devices industry. This orthopedic devices market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The orthopedic devices market consists of sales of osteotomes, bone-cutting forceps, Gigli saws, and plate benders that are used for orthopedic surgeries and treatment. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Orthopedic Devices Market Characteristics3. Orthopedic Devices Market Trends and Strategies4. Orthopedic Devices Market - Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics and Covid and Recovery on the Market68. Global Orthopedic Devices Market Competitive Benchmarking and Dashboard69. Key Mergers and Acquisitions in the Orthopedic Devices Market70. Recent Developments in the Orthopedic Devices Market
5. Global Orthopedic Devices Growth Analysis and Strategic Analysis Framework
6. Orthopedic Devices Market Segmentation
7. Orthopedic Devices Market Regional and Country Analysis
8. Asia-Pacific Orthopedic Devices Market
9. China Orthopedic Devices Market
10. India Orthopedic Devices Market
11. Japan Orthopedic Devices Market
12. Australia Orthopedic Devices Market
13. Indonesia Orthopedic Devices Market
14. South Korea Orthopedic Devices Market
15. Bangladesh Orthopedic Devices Market
16. Thailand Orthopedic Devices Market
17. Vietnam Orthopedic Devices Market
18. Malaysia Orthopedic Devices Market
19. Singapore Orthopedic Devices Market
20. Philippines Orthopedic Devices Market
21. Hong Kong Orthopedic Devices Market
22. New Zealand Orthopedic Devices Market
23. Western Europe Orthopedic Devices Market
24. UK Orthopedic Devices Market
25. Germany Orthopedic Devices Market
26. France Orthopedic Devices Market
27. Italy Orthopedic Devices Market
28. Spain Orthopedic Devices Market
29. Spain Orthopedic Devices Market
30. Austria Orthopedic Devices Market
31. Belgium Orthopedic Devices Market
32. Denmark Orthopedic Devices Market
33. Finland Orthopedic Devices Market
34. Ireland Orthopedic Devices Market
35. Netherlands Orthopedic Devices Market
36. Norway Orthopedic Devices Market
37. Portugal Orthopedic Devices Market
38. Sweden Orthopedic Devices Market
39. Switzerland Orthopedic Devices Market
40. Eastern Europe Orthopedic Devices Market
41. Russia Orthopedic Devices Market
42. Czech Republic Orthopedic Devices Market
43. Poland Orthopedic Devices Market
44. Romania Orthopedic Devices Market
45. Ukraine Orthopedic Devices Market
46. North America Orthopedic Devices Market
47. USA Orthopedic Devices Market
48. Canada Orthopedic Devices Market
50. South America Orthopedic Devices Market
51. Brazil Orthopedic Devices Market
52. Chile Orthopedic Devices Market
53. Argentina Orthopedic Devices Market
54. Colombia Orthopedic Devices Market
55. Peru Orthopedic Devices Market
56. Middle East Orthopedic Devices Market
57. Saudi Arabia Orthopedic Devices Market
58. Israel Orthopedic Devices Market
59. Iran Orthopedic Devices Market
60. Turkey Orthopedic Devices Market
61. United Arab Emirates Orthopedic Devices Market
62. Africa Orthopedic Devices Market
63. Egypt Orthopedic Devices Market
64. Nigeria Orthopedic Devices Market
65. South Africa Orthopedic Devices Market
66. Orthopedic Devices Market Competitive Landscape and Company Profiles
67. Orthopedic Devices Market Other Major and Innovative Companies
71. Orthopedic Devices Market High Potential Countries, Segments and Strategies
72. Appendix
Executive Summary
Orthopedic Devices Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on orthopedic devices market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for orthopedic devices? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The orthopedic devices market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Product: Instruments/Equipment; Disposables2) 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 Devices2) By Disposables: Surgical Drapes and Covers; Sterile Gloves; Sutures and Staples; Gauze and Dressings; Orthopedic Casting Supplies; Biologics
Key Companies Mentioned: Aesculap Implant Systems LLC; Johnson & Johnson; Medtronic Inc.; Stryker Corporation; B. Braun Group
Countries: Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- 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
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 400 |
Published | March 2025 |
Forecast Period | 2025 - 2029 |
Estimated Market Value ( USD | $ 55.08 Billion |
Forecasted Market Value ( USD | $ 67.05 Billion |
Compound Annual Growth Rate | 5.0% |
Regions Covered | Global |
No. of Companies Mentioned | 36 |