PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1671829
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1671829
The Global Orthopedics Devices Market is estimated to be valued at USD 63.01 Bn in 2025 and is expected to reach USD 85.90 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 4.5% from 2025 to 2032.
Report Coverage | Report Details | ||
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Base Year: | 2024 | Market Size in 2025: | USD 63.01 Bn |
Historical Data for: | 2020 To 2024 | Forecast Period: | 2025 To 2032 |
Forecast Period 2025 to 2032 CAGR: | 4.50% | 2032 Value Projection: | USD 85.90 Bn |
The global orthopedics devices market has been witnessing steady growth over the past few years owing to rising prevalence of osteoarthritis and other degenerative bone disorders caused by sedentary lifestyle, obesity, and aging population. Growing number of hip and knee replacement surgeries being performed annually in various countries is a key factor propelling the demand for orthopedic devices and implants. Additionally, technological advancements in the field of computer-assisted orthopedic surgeries and 3D printing of customized prosthetics are further expanding the applications of orthopedic devices. However, stringent regulations surrounding new product approval and high costs associated with orthopedic procedures may hamper the market growth to some extent.
The global orthopedic devices market is primarily driven by rising geriatric population and the associated increase in the incidence of orthopedic disorders such as osteoporosis and arthritis. Moreover, growing emphasis on physical fitness and rising prevalence of sports injuries and road accidents have boosted the demand for various fracture fixation and prosthetic orthopedic devices globally. However, high costs associated with invasive orthopedic surgeries and long product approval times owing to stringent regulatory frameworks are some of the major factors hindering the market growth. On the other hand, ongoing advancements in digitization and 3D printing domains are expected to offer lucrative opportunities for orthopedic device manufacturers with personalized and customized implants.
This report provides in-depth analysis of the global orthopedic devices market, and provides market size (USD Billion) and compound annual growth rate (CAGR%) for the forecast period (2025-2032), considering 2024 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global orthopedic devices market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Stryker Corporation, Johnson & Johnson, Smith & Nephew, Medtronic plc, Zimmer Biomet, B. Braun, Enovis, NuVasive, Acumed LLC, BSN Medical, CONMED Corporation, Orthofix Medical Inc., Arthrex, MicroPort, and Meril Life Sciences Pvt. Ltd.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global orthopedic devices market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global orthopedic devices market