Orthopedic Devices Market Size By Product (Joint Reconstruction {Hip Replacement, Knee Replacement, Ankle Replacement, Shoulder Replacement}, Spinal Devices, Trauma Fixation Devices, Orthobiologics, Arthroscopic Devices), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, Italy, France, Spain, Poland, Russia, China, India, Japan, Australia, South Korea, Taiwan, Argentina, Brazil, Mexico, South Africa, Saudi Arabia, Qatar, Egypt, UAE), Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025

Latest Update: Feb 2019 |  Published Date: Apr 2017 | 160 Pages | Report ID: GMI1501 | Authors: Sumant Ugalmugale, Ajay Devgire Report Format: PDF

  Request Sample Inquiry Before Buying
Summary Table of Contents Industry Coverage Methodology Customize this Report

Industry Trends

Orthopedic Devices Market size was valued at USD 42.7 billion in 2018 and is expected to witness approximately 3.7% CAGR from 2019 to 2025.

 U.S. Orthopedic Devices Market Size, By Product, 2018 & 2025, (USD Million)
 U.S. Orthopedic Devices Market Size, By Product, 2018 & 2025, (USD Million)

Get more details on this report - Request Free Sample PDF

Growing geriatric population base is highly susceptible for developing bone related diseases such as osteoporosis and osteoarthritis. As per WHO, the global population over 60 years is expected to reach 2 billion by 2050. Increasing base of elderly population will create significant demand for various orthopedic implants and devices.

Increasing prevalence of diabetes and obesity, lack of physical activity, poor diet intake and rising trend of smoking and alcohol consumption will fuel the market demand over the forecast years. New innovations in the field of osteology should boost the development of cost-effective devices.  Technological advances in 3D printing, robot-assisted surgical procedures, and smart implants will represent high impact driving factors for the global industry revenue.

Increasing incidence of road accidents and sports injuries, and spurring demand for minimally invasive surgical procedures should stimulate global market growth. Availability of innovative materials and biodegradable implants for medical interventions will augment demand.

Rising cost burden of expensive surgeries, high cost of implants, and dearth of skilled professionals may hinder business growth. Lack of uniform reimbursement landscape in developed countries and low per capita healthcare expenditure in developing nations will hamper adoption of advanced devices over the coming years.

Orthopedic Devices Market, By Product

China Orthopedic Devices Market Size, By Product, 2018 (USD Million)
China Orthopedic Devices Market Size, By Product, 2018 (USD Million)

Get more details on this report - Request Free Sample PDF

Joint reconstruction devices market is estimated to reach USD 22.4 billion by 2025. Increasing geriatric population, rising prevalence of osteoporosis and osteoarthritis and soaring incidence of road accidents and sport injuries will drive demand for artificial joint reconstruction devices.

Spinal devices business will expand at 3.8% CAGR between 2019 and 2025 due to rising prevalence of degenerative disc diseases among the aged population, coupled with the novel products development for spinal disorders treatment. Most of the industry participants are exploring related business segments to broaden their product offerings and commercially exploit the lucrative market.


Orthopedic Devices Market, By Region

Europe Orthopedic Devices Market Size, By Country, 2025 (USD Million)
Europe Orthopedic Devices Market Size, By Country, 2025 (USD Million)

Get more details on this report - Request Free Sample PDF

U.S. market will reach USD 28.4 billion by 2025. Increasing adoption of advanced orthopedic solutions and improved healthcare infrastructure will stimulate business growth. Rising R&D support to develop innovative products should also augment industry expansion.

Germany market size will show rapid growth of 2.5% CAGR throughout the forecast period. The presence of sophisticated healthcare infrastructure, adoption of advanced healthcare technologies and accelerated research in the field of orthobiologics and arthroscopic devices should fuel industry growth.

Competitive Market Share

Some of the key players operating in the orthopedic devices industry space include Stryker, Medtronic, Zimmer Biomet, DJO Global, ConforMIS, NuVasive, MicroPort Scientific Corporation (Wright Medical Group), Globus Medical, Medacta, DePuy Synthes and Smith & Nephew. Acquisitions, collaborations, partnerships, new product launches and geographic expansion are the most commonly adopted business strategies by orthopedic devices industry participants. For instance, in January 2016, Smith and Nephew announced the acquisition of Blue Belt Holdings Ltd. It provides robotic assistance in partial knee replacement. This acquisition intends to accelerate growth in this area of surgery and expand the NAVIO platform into total knee, bi-cruciate retaining knee and revision knee implants.

Orthopedic Devices Industry Background

Orthopedic Devices Market Segmentation
Get more details on this report - Request Free Sample PDF

The roots of orthopedic devices can be traced back to the time of World War I, when it was initiated as a department to heal injured and crippled soldiers. With extensive R&D activities and various developments, currently, orthopedic devices market is a multi-billion-dollar industry with steady growth in both developing and developed nations. The global market is driven by the growing government focus on reducing disease cost burden owing to growing prevalence of elderly population. Rising prevalence of osteoporosis and arthritis should drive tremendous growth in the future. Emerging economies are poised to witness higher growth than the developed ones, mainly because of increasing adoption of in developing nations and market maturity in the developed countries.

What Information does this report contain?

Historical data coverage: 2014 to 2018; Growth Projections: 2019 to 2025.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

Our Market Research Reports Include:

  • Market snapshot
  • Market Segmentation
  • Value Chain Analysis
  • Growth Dynamics
  • Potential Market Opportunities
  • Regulatory Overview
  • Technology Evolution
  • Innovation & Sustainability

Why Global Market Insights?

 Comprehensive Research
  • All-inclusive coverage
  • In-depth and granular data (ex: information for 8 to 15 countries, with clients open to add to this list, in each report)
  • Penetrative insights & latest trends
  • Offers holistic understanding of the market
 Data Accuracy & Reliability
  • Unique methodology
  • Iterative in nature to eliminate errors
  • Detailed methodology, scope, assumptions and data sources available for reference
 Post-Sales Support
  • Committed to making a positive difference for our clients
  • Given the nature of this industry, we are committed to ensure that our clients get maximum return on their investment in our services
  • Every purchase comes with an option to obtain additional information:
    • up to 10% of the original cost
    • 45-minute analyst tele-call to obtain further clarity on the market.
 Security & Confidentiality
  • Global Market Insights, Inc. strictly adheres to PCI-DSS security norms.
  • Only PCI-DSS compliant payment methods used for highest level of client data security
This site is protected by Trustwave's Trusted Commerce program Authorize.Net Merchant - Click to Verify

Connect with our sales team

Chat With Us
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies. More info. I Agree