According to MarketsandMarkets™, The global orthopedic devices market is projected to grow from USD 51.61 billion in 2024 to USD 68.51 billion by 2030, at a CAGR of 4.8% during the forecast period. Market growth is primarily driven by the increasing prevalence of orthopedic conditions, rising demand for joint replacement procedures, and growing adoption of minimally invasive surgical techniques.
Browse 432 market data Tables and 61 Figures spread through 440 Pages and in-depth TOC on “Orthopedic Devices Market “.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=280
Minimally invasive orthopedic procedures offer several advantages, including reduced postoperative pain, shorter recovery time, decreased hospital stays, and lower risk of complications. These benefits are significantly influencing both patient preference and clinical adoption, thereby accelerating market growth.
Foot & Ankle Segment to Witness Significant Growth
By site, the foot & ankle segment is expected to register significant growth during the forecast period. This growth is attributed to the rising incidence of ankle injuries, increasing cases of osteoarthritis, and growing awareness regarding advanced ankle replacement procedures.
Technological advancements in prosthetic implants and improved surgical outcomes are further contributing to the expansion of this segment.
Rheumatoid Arthritis & Osteoarthritis Segment Drives Application Growth
By application, the rheumatoid arthritis and osteoarthritis segment is expected to experience notable growth. The increasing global burden of arthritis, particularly among the aging population, is a key factor driving demand for orthopedic interventions.
The growing number of fracture cases and rising need for fixation devices and orthobiologics are further supporting market growth. Orthobiologics, including demineralized bone matrix (DBM) and bone grafts, are increasingly being used to enhance healing and improve surgical outcomes.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=280
Hospitals & Surgical Centers Dominate End-User Segment
By end user, hospitals and surgical centers accounted for the largest share of the orthopedic devices market in 2024. These facilities benefit from access to advanced surgical technologies, skilled professionals, and comprehensive patient care capabilities.
In addition, the increasing shift toward outpatient procedures and the growing number of surgeries performed in ambulatory surgical centers (ASCs) and trauma units are expected to further drive market growth in this segment.
Competitive Landscape
Key players in the orthopedic devices market include Zimmer Biomet Holdings, Inc. (US), Stryker Corporation (US), Johnson & Johnson MedTech (US), Smith+Nephew (UK), and B. Braun (Germany), among others.
These companies are focusing on product innovation, strategic collaborations, and expanding their global presence to strengthen their market position and address evolving clinical needs.
Related Reports:
Defibrillator Market – Global Forecast to 2030
Digital X-ray Market– Global Forecast to 2031
Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Rohan Salgarkar
Email: Send Email
Phone: 18886006441
Address:1615 South Congress Ave. Suite 103, Delray Beach, FL 33445
City: Florida
State: Florida
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/orthopedic-device-280.html