The Orthopedic Devices Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Orthopedic Devices Market?
The market size of orthopedic devices has seen significant growth recently. In 2024, it was valued at $51.45 billion and is projected to increase to $55.08 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 7.1%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Orthopedic Devices Industry?
The Orthopedic Devices Global Market Report 2025 predicts that by 2029, the market size of orthopedic devices will reach $67.05 billion, expanding at a compound annual growth rate (CAGR) of 5.0%.
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What are the Key Growth Drivers Fueling the Orthopedic Devices Market?
The key drivers in the orthopedic devices market are:
• Rising adoption of value-based healthcare models
• Increasing focus on sustainability and regenerative approaches for joint preservation
• Improvement in orthopedic implant coatings and materials
• Technological advancements, such as smart orthopedic devices, robotics, and nanotechnology, in orthopedic surgery and care.
Global Market Segmentation: Identifying Major Orthopedic Devices Industry Segments
The orthopedic devices market covered in this report is segmented –
1) By Product: Instruments/Equipment, Disposables
2) 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
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What are the Emerging Trends Shaping the Future of the Orthopedic Devices Market?
The key trends in the orthopedic devices market are:
• The trend towards value-based healthcare models is shaping the future of the Orthopedic Devices Global Market.
• There is a growing trend in the use of regenerative approaches for joint preservation and enhanced implant coatings and materials.
• The widespread adoption of robotics in orthopedic surgery and custom orthopedic bracing are emerging trends.
• The integration of nanotechnology in orthopedics and the application of telemedicine in orthopedic care are increasingly influencing the market.
Who Are the Top Competitors & Leading Players in the Orthopedic Devices Market?
Major companies in the orthopedic devices market are:
• 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
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the global orthopedic devices market in 2024
