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Global Orthopedic Devices Market to reach USD XX billion by the end of 2030.

Global Orthopedic Devices Market Size study & Forecast, by Type (Joint Reconstruction Devices, Spinal Devices, Trauma Devices, Arthroscopy Devices, Orthobiologic Devices, Others) by End-user (Hospitals, Orthopedic Clinic, Ambulatory Surgical Centers, Others) and Regional Analysis, 2023-2030

Product Code: HLSMDE-19017146
Publish Date: 15-11-2023
Page: 200

Global Orthopedic Devices Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. Orthopedic devices are medical devices designed to treat or assist in the management of musculoskeletal conditions and injuries. They are used to support, correct, or replace damaged or diseased bones, joints, ligaments, tendons, and other musculoskeletal structures. These devices can help alleviate pain, improve mobility and enhance the overall quality of life for individuals with orthopedic issues. The key factors driving the market growth is rising prevalence of orthopedic diseases and disorders, growing demand for minimally invasive orthopedic surgical procedures, growing number of sports and accident-related orthopedic injuries, and growing geriatric population. All these are anticipated to support the market growth.

Moreover, the growth of the Orthopedic Devices Market can be supported by the rising prevalence of orthopedic injuries that are anticipated to support the market growth. According to International Osteoporosis Foundation (IOF), The majority of hip fractures in Asia are estimated to occur in China, the prevalence of hip fractures rose from 411,000 in 2015 and it is estimated to reach more than 1 million hip fractures by the year 2050. Additionally, rising number of hospitals and shift towards outpatient care is anticipated to create lucrative opportunity for the market growth during forecast period 2023-2030. However, the high costs associated with orthopedic treatments stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Orthopedic Devices Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the presence of key market players, growing aging population, technological advancements and rising sports injuries. Whereas, the Asia Pacific region is expected to grow with the fastest CAGR during the forecast period, owing to factors such as the increasing awareness, growing healthcare infrastructure development, and increasing awareness.

Major market player included in this report are:
Stryker Corporation
Johnson & Johnson Services, Inc.
Zimmer Biomet Holdings, Inc.
Smith & Nephew, Inc.
Medtronic plc
NuVasive, Inc.
Arthrex, Inc.
Globus Medical, Inc.
Össur Corporate
Integra LifeSciences Holdings Corporation
Recent Developments in the Market:
Ø In February 2023, OSSIO, Inc., a fast-growing orthopedic devices company, announced the launch of the new OSSIOfiber Compression Staple. The staple allows the company to provide solutions for many hindfoot and midfoot procedures, including midfoot fusions, Lapidus fusions, and procedures associated with flatfoot correction.
Global Orthopedic Devices Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Type, End-user, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Joint Reconstruction Devices
Spinal Devices
Trauma Devices
Arthroscopy Devices
Orthobiologic Devices
By End-user:
Orthopedic Clinic
Ambulatory Surgical Centers

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Orthopedic Devices Market, by region, 2020-2030 (USD Billion)
1.2.2. Orthopedic Devices Market, by Type, 2020-2030 (USD Billion)
1.2.3. Orthopedic Devices Market, by End-user, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Orthopedic Devices Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Orthopedic Devices Market Dynamics
3.1. Orthopedic Devices Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Rising prevalence of orthopedic diseases and disorders Growing demand for minimally invasive orthopedic surgical procedures Growing number of sports and accident-related orthopedic injuries
3.1.2. Market Challenges High costs associated with orthopedic treatments
3.1.3. Market Opportunities Rising number of hospitals and shift toward outpatient care Growing technological advancement
Chapter 4. Global Orthopedic Devices Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economic
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Orthopedic Devices Market, by Type
5.1. Market Snapshot
5.2. Global Orthopedic Devices Market by Type, Performance – Potential Analysis
5.3. Global Orthopedic Devices Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Orthopedic Devices Market, Sub Segment Analysis
5.4.1. Joint Reconstruction Devices
5.4.2. Spinal Devices
5.4.3. Trauma Devices
5.4.4. Arthroscopy Devices
5.4.5. Orthobiologic Devices
5.4.6. Others
Chapter 6. Global Orthopedic Devices Market, by End-user
6.1. Market Snapshot
6.2. Global Orthopedic Devices Market by End-user, Performance – Potential Analysis
6.3. Global Orthopedic Devices Market Estimates & Forecasts by End-user 2020-2030 (USD Billion)
6.4. Orthopedic Devices Market, Sub Segment Analysis
6.4.1. Hospitals
6.4.2. Orthopedic Clinic
6.4.3. Ambulatory Surgical Centers
6.4.4. Others
Chapter 7. Global Orthopedic Devices Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Orthopedic Devices Market, Regional Market Snapshot
7.4. North America Orthopedic Devices Market
7.4.1. U.S. Orthopedic Devices Market Type breakdown estimates & forecasts, 2020-2030 End-user breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Orthopedic Devices Market
7.5. Europe Orthopedic Devices Market Snapshot
7.5.1. U.K. Orthopedic Devices Market
7.5.2. Germany Orthopedic Devices Market
7.5.3. France Orthopedic Devices Market
7.5.4. Spain Orthopedic Devices Market
7.5.5. Italy Orthopedic Devices Market
7.5.6. Rest of Europe Orthopedic Devices Market
7.6. Asia-Pacific Orthopedic Devices Market Snapshot
7.6.1. China Orthopedic Devices Market
7.6.2. India Orthopedic Devices Market
7.6.3. Japan Orthopedic Devices Market
7.6.4. Australia Orthopedic Devices Market
7.6.5. South Korea Orthopedic Devices Market
7.6.6. Rest of Asia Pacific Orthopedic Devices Market
7.7. Latin America Orthopedic Devices Market Snapshot
7.7.1. Brazil Orthopedic Devices Market
7.7.2. Mexico Orthopedic Devices Market
7.8. Middle East & Africa Orthopedic Devices Market
7.8.1. Saudi Arabia Orthopedic Devices Market
7.8.2. South Africa Orthopedic Devices Market
7.8.3. Rest of Middle East & Africa Orthopedic Devices Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Stryker Corporation Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.3.2. Johnson & Johnson Services, Inc.
8.3.3. Zimmer Biomet Holdings, Inc.
8.3.4. Smith & Nephew, Inc.
8.3.5. Medtronic plc
8.3.6. NuVasive, Inc.
8.3.7. Arthrex, Inc.
8.3.8. Globus Medical, Inc.
8.3.9. Össur Corporate
8.3.10. Integra LifeSciences Holdings Corporation
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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