Orthopedic Devices Market – Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2028, Segmented By Product (Accessories v/s Surgical Devices), By Application (Hip Orthopedic Devices, Knee Orthopedic Devices, Spine Orthopedic Devices, Craniomaxillofacial Orthopedic Devices, Dental Orthopedic Devices, Sports Injuries, Extremities and Trauma (Set) Orthopedic Devices, Othe
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Healthcare | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationOrthopedic Devices Market – Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2028, Segmented By Product (Accessories v/s Surgical Devices), By Application (Hip Orthopedic Devices, Knee Orthopedic Devices, Spine Orthopedic Devices, Craniomaxillofacial Orthopedic Devices, Dental Orthopedic Devices, Sports Injuries, Extremities and Trauma (Set) Orthopedic Devices, Othe
Around 1.71 billion individuals worldwide suffer from musculoskeletal problems, according to data from the Global Burden of Disease report from 2021.
Surge in Cases of Orthopedic Conditions and Traumatic Injuries
Nearly 6.8 million people with orthopedic injuries seek medical attention annually in the United States alone, according to the American Academy of Orthopedic Surgeons.
Growing Geriatric Population
The study on the ageing of the world population by the United Nations estimates that 727 million individuals worldwide are 65 or older.
In the United States, the geriatric population (ageing 65 years or over) makes up about 25% of the total trauma patients, according to the National Trauma Database.
The United Health Foundation projected in 2015 that over 300,000 elderly individuals of age 65 or above are admitted to hospitals annually for hip fractures.
Recent Developments
The orthopedics business of Integra LifeSciences Corp was acquired by Smith & Nephew PLC for USD 240 million in September 2020. This aided the company to expand and strengthen its product portfolio.
RI.HIP NAVIGATION was launched by Smith & Nephew PLC in July 2020 for total hip arthroplasty (THA). The system is designed to cater for maximum accuracy as well as reproducibility by offering patient-specific component alignment.
All the assets of a private company, StelKast, which is a producer of hip and knee replacement instruments and implants were acquired by Globus Medical Inc in August 2019.
Evolution NitrX Medial-Pivot Knee System was launched by Microport Scientific Corp in June 2019. The system is efficient in reducing pain, promotes quick recovery and is easy to use. The launch of the product helped the company to bring novel innovative products to the market, thereby making the company more competitive.
Grafton, Demineralized Bone Matrix (DBM) bone is the first demineralized bone matrix product launched in Japan by Medtronic PLC in February 2019.
Market Segmentation
Global orthopedic devices market is segmented by product, application, end user, region, and company. Based on product the market is fragmented into accessories and surgical devices. Further, the accessories can be segmented into braces, consumables, and others. Going forward, the surgical devices can again be segmented into drill guide, guide tubes, implant holders, custom clamps, distracters, screw drivers, and others. On the basis of application, the market can be categorized into hip orthopedic devices, knee orthopedic devices, spine orthopedic devices, craniomaxillofacial orthopedic devices, dental orthopedic devices, sports injuries, extremities and trauma (set) orthopedic devices, and others. Based on end user, the market can be divided into hospitals & clinics, ambulatory care centers, and others.
Company Profiles
Some of the major players operating in the global orthopedic devices market are Medtronic PLC, Stryker Corp, B Braun Melsungen AG, CONMED Corp, Smith & Nephew PLC, Johnson & Johnson, NuVasive Inc, Zimmer Biomet Holdings Inc, Globus Medical Inc, and DJO Global Inc, among others.
| Attribute | Details |
| Base Year | 2022 |
| Historical Years | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million and CAGR for 2018-2022 and 2023-2028 |
| Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | · Product · Application · End User |
| Regional Scope | Asia Pacific; Europe; North America; South America; Middle East & Africa |
| Country Scope | China; India; South Korea; Japan; Australia; France; Germany; United Kingdom; Italy; Spain; United States; Mexico; Canada; Brazil; Argentina; Colombia; South Africa; Saudi Arabia; UAE; Kuwait |
| Key Companies Profiled | Medtronic PLC, Stryker Corp, B Braun Melsungen AG, CONMED Corp, Smith & Nephew PLC, Johnson & Johnson, NuVasive Inc, Zimmer Biomet Holdings Inc, Globus Medical Inc, and DJO Global Inc |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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