PUBLISHER: Polaris Market Research | PRODUCT CODE: 1504936
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1504936
Europe Orthopedic Devices Market Share, Size, Trends, Industry Analysis Report, By Product (Hip, Knee, Spine, Cranio-Maxillofacial, Dental, SET); By Application; By Country; Segment Forecast, 2024 - 2032
The Europe Orthopedic Devices market size is expected to reach USD 21,368.9 Million by 2032, according to a new study by Polaris Market Research. The report "Europe Orthopedic Devices Market Share, Size, Trends, Industry Analysis Report, By Product (Hip, Knee, Spine, Cranio-Maxillofacial, Dental, SET); By Application; By Country; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The market for orthopedic devices in Europe has experienced significant growth in recent years. This growth can be primarily attributed to the integration of advanced technology into orthopedic devices, which allows for more effective treatment of orthopedic conditions and better monitoring and diagnosis of patients. These devices are equipped with electronic components, communication capabilities, sensors, and data analysis tools, enabling them to provide immediate feedback on the functionality of implants and the overall well-being of patients. The presence of advanced healthcare infrastructure, favorable reimbursement policies, and high healthcare expenditure are expected to contribute to the rapid expansion of this market. This expansion is primarily driven by a large patient population, increased awareness about healthcare, improved healthcare infrastructure, and rising disposable income.
However, the orthopedic devices market faces a notable obstacle due to the exorbitant prices of these devices. The substantial expenses involved in their development, manufacturing, and marketing contribute to the rise in healthcare costs, thereby restricting patient access and burdening healthcare budgets. This cost-related challenge assumes great significance as healthcare systems worldwide endeavor to achieve cost-effectiveness and affordability. The lack of compatibility between various technologies and systems can impede smooth integration, resulting in inefficiencies and possible complications during surgical procedures. Overcoming these technological obstacles necessitates a collective approach involving device manufacturers, healthcare providers, and regulatory bodies. This approach aims to establish standardized protocols, facilitate training programs, and guarantee the interoperability of technologies.
Moreover, the increasing need for robotics and navigation systems presents a substantial chance for the orthopedic devices industry, as it improves surgical accuracy, effectiveness, and patient results. These innovative technologies empower orthopedic surgeons to conduct minimally invasive surgeries with improved precision, lowering risks and improving recovery periods, enhancing the quality of care, and drawing in investments and advancements in the orthopedic devices field. This move is not only beneficial for healthcare providers aiming to provide cutting-edge treatments but also presents a lucrative opportunity for manufacturers through the incorporation of robotics and navigation systems, fostering progress and expansion in the orthopedic devices sector.
Europe Orthopedic Devices Market Report Highlights
The knee segment dominated the European orthopedics Market mainly due to the higher incidence of conditions like osteoarthritis and injuries necessitating knee surgeries and replacements.
The surgical devices segment dominated the market owing to well-established surgical specialties fostering innovation and the adoption of advanced surgical techniques and technologies, including surgical devices and a growing inclination towards minimally invasive surgeries in Europe.
Germany is currently at the forefront of the Orthopedic Devices market in Europe, owing to its strong infrastructure, adoption, and integration of technologies into orthopedic devices, as well as its advanced data centers, which provide a solid foundation for deploying orthopedic device architectures.
The key market players include Enovis, Medtronic, Stryker, Zimmer Biomet, Johnson & Johnson Services, Inc., Smith and Nephew PLC, CONMED Corporation, NuVasive, Inc., Arthrex Inc., Allegra Medical Technologies Ltd., etc.
Polaris Market Research has segmented the Europe Orthopedic Devices market report based on product, application and country:
Europe Orthopedic Devices, Product Outlook (Revenue - USD Million, 2019 - 2032)
- Hip
- Knee
- Spine
- Cranio-Maxillofacial
- Dental
- SET
Europe Orthopedic Devices, Application Outlook (Revenue - USD Million, 2019 - 2032)
- Accessories
- Surgical Devices
Europe Orthopedic Devices, Country Outlook (Revenue - USD Million, 2019 - 2032)
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Rest of Europe
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Europe Orthopedic Devices Market Insights
- 4.1. Europe Orthopedic Devices Market - Industry Snapshot
- 4.2. Europe Orthopedic Devices Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Increasing demand for efficient data processing and reduced latency drives the European Orthopedic Devices market growth
- 4.2.1.2. Crucial role of Orthopedic Devices in optimizing network performance and delivering enhanced user experiences drives its market growth
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Concerns around data privacy and security affects the European market growth
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Europe Orthopedic Devices Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Europe Orthopedic Devices Market, by Product
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Europe Orthopedic Devices, by Product, 2019-2032 (USD Million)
- 5.3. Accessories
- 5.3.1. Europe Orthopedic Devices Market, by Accessories, 2019-2032 (USD Million)
- 5.4. Surgical Devices
- 5.4.1. Europe Orthopedic Devices Market, by Surgical Devices, 2019-2032 (USD Million)
6. Europe Orthopedic Devices Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Europe Orthopedic Devices Market, by Application, 2019-2032 (USD Million)
- 6.3. Hip
- 6.3.1. Europe Orthopedic Devices Market, by Hip, 2019-2032 (USD Million)
- 6.4. Knee
- 6.4.1. Europe Orthopedic Devices Market, by Knee, 2019-2032 (USD Million)
- 6.5. Spine
- 6.5.1. Europe Orthopedic Devices Market, by Spine, 2019-2032 (USD Million)
- 6.6. Cranio-Maxillofacial
- 6.6.1. Europe Orthopedic Devices Market, by Cranio-Maxillofacial, 2019-2032 (USD Million)
- 6.7. Dental
- 6.7.1. Europe Orthopedic Devices Market, by Dental, 2019-2032 (USD Million)
- 6.8. SET
- 6.8.1. Europe Orthopedic Devices Market, by SET, 2019-2032 (USD Million)
7. Europe Orthopedic Devices Market, by Countries
- 7.1. Key findings
- 7.2. Introduction
- 7.2.1. Europe Orthopedic Devices Market Assessment, By Countries, 2019-2032 (USD Million)
- 7.2.2. Europe Orthopedic Devices Market - Germany
- 7.2.2.1. Germany: Europe Orthopedic Devices Market, by Application, 2019-2032 (USD Million)
- 7.2.2.2. Germany: Europe Orthopedic Devices Market, by Product, 2019-2032 (USD Million)
- 7.2.3. Europe Orthopedic Devices Market - Italy
- 7.2.3.1. Italy.: Europe Orthopedic Devices Market, by Application, 2019-2032 (USD Million)
- 7.2.3.2. Italy.: Europe Orthopedic Devices Market, by Product, 2019-2032 (USD Million)
- 7.2.4. Europe Orthopedic Devices Market - Russia
- 7.2.4.1. Russia: Europe Orthopedic Devices Market, by Application, 2019-2032 (USD Million)
- 7.2.4.2. Russia: Europe Orthopedic Devices Market, by Product, 2019-2032 (USD Million)
- 7.2.5. Europe Orthopedic Devices Market - UK
- 7.2.5.1. UK: Europe Orthopedic Devices Market, by Application, 2019-2032 (USD Million)
- 7.2.5.2. UK: Europe Orthopedic Devices Market, by Product, 2019-2032 (USD Million)
- 7.2.6. Europe Orthopedic Devices Market - France
- 7.2.6.1. France: Europe Orthopedic Devices Market, by Application, 2019-2032 (USD Million)
- 7.2.6.2. France: Europe Orthopedic Devices Market, by Product, 2019-2032 (USD Million)
- 7.2.7. Europe Orthopedic Devices Market - Rest of Europe
- 7.2.7.1. Rest of Europe: Europe Orthopedic Devices Market, by Application, 2019-2032 (USD Million)
- 7.2.7.2. Rest of Europe: Europe Orthopedic Devices Market, by Product, 2019-2032 (USD Million)
- 7.2.8. Europe Orthopedic Devices Market - Netherlands
- 7.2.8.1. Netherlands: Europe Orthopedic Devices Market, by Application, 2019-2032 (USD Million)
- 7.2.8.2. Netherlands: Europe Orthopedic Devices Market, by Product, 2019-2032 (USD Million)
- 7.2.9. Europe Orthopedic Devices Market - Spain
- 7.2.9.1. Spain: Europe Orthopedic Devices Market, by Application, 2019-2032 (USD Million)
- 7.2.9.2. Spain: Europe Orthopedic Devices Market, by Product, 2019-2032 (USD Million)
8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
- 9.1. Enovis
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
- 9.2. Medtronic
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
- 9.3. Stryker
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
- 9.4. Zimmer Biomet
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
- 9.5. Johnson & Johnson Services, Inc.
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
- 9.6. Smith and Nephew PLC
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
- 9.7. CONMED Corporation
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
- 9.8. NuVasive, Inc.
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
- 9.9. Arthrex Inc.
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
- 9.10. Allegra Medical Technologies Ltd.
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
List of Tables
- Table 1 Europe Orthopedic Devices Market, by Application, 2019-2032 (USD Million)
- Table 2 Europe Orthopedic Devices Market, by Product, 2019-2032 (USD Million)
- Table 3 Europe Orthopedic Devices Market Assessment, By Countries, 2019-2032 (USD Million)
- Table 4 Germany: Europe Orthopedic Devices Market, by Application, 2019-2032 (USD Million)
- Table 5 Germany: Europe Orthopedic Devices Market, by Product, 2019-2032 (USD Million)
- Table 6 Italy.: Europe Orthopedic Devices Market, by Application, 2019-2032 (USD Million)
- Table 7 Italy.: Europe Orthopedic Devices Market, by Product, 2019-2032 (USD Million)
- Table 10 Russia: Europe Orthopedic Devices Market, by Application, 2019-2032 (USD Million)
- Table 11 Russia: Europe Orthopedic Devices Market, by Product, 2019-2032 (USD Million)
- Table 12 UK: Europe Orthopedic Devices Market, by Application, 2019-2032 (USD Million)
- Table 13 UK: Europe Orthopedic Devices Market, by Product, 2019-2032 (USD Million)
- Table 14 France: Europe Orthopedic Devices Market, by Application, 2019-2032 (USD Million)
- Table 15 France: Europe Orthopedic Devices Market, by Product, 2019-2032 (USD Million)
- Table 16 Germany: Europe Orthopedic Devices Market, by Application, 2019-2032 (USD Million)
- Table 17 Germany: Europe Orthopedic Devices Market, by Product, 2019-2032 (USD Million)
- Table 18 Rest of Europe: Europe Orthopedic Devices Market, by Application, 2019-2032 (USD Million)
- Table 19 Rest of Europe: Europe Orthopedic Devices Market, by Product, 2019-2032 (USD Million)
- Table 20 Netherlands: Europe Orthopedic Devices Market, by Application, 2019-2032 (USD Million)
- Table 21 Netherlands: Europe Orthopedic Devices Market, by Product, 2019-2032 (USD Million)
- Table 22 Spain: Europe Orthopedic Devices Market, by Application, 2019-2032 (USD Million)
- Table 23 Spain: Europe Orthopedic Devices Market, by Product, 2019-2032 (USD Million)
List of Figures
- Figure 1 Europe Orthopedic Devices Market, 2019-2032 (USD Million)
- Figure 2 Integrated Ecosystem
- Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
- Figure 4 Market by Countries
- Figure 5 Porter's Five Forces
- Figure 6 Market by Application
- Figure 7 Europe Orthopedic Devices Market, by Application, 2022 & 2032 (USD Million)
- Figure 8 Market by Product
- Figure 9 Europe Orthopedic Devices Market, by Product, 2022 & 2032 (USD Million)
- Figure 10 Europe Orthopedic Devices Market Assessment, By Countries, 2019-2032 (USD Million)
- Figure 11 Strategic Analysis - Europe Orthopedic Devices Market
