The global orthopedic devices orthopedic market was valued at $37.2 billion in 2018 and is expected to reach $47.7 billion by 2026, registering a CAGR of 3.1% from 2019 to 2026. Orthopedic devices can be defined as medical devices used to replace the damaged or misplaced bone to improve the function of skeleton and reduce pain due to problems associated with injury/defect on musculoskeletal system. In recent years, the orthopedic devices have evolved over the past few decades, which largely focuses on the research of hip and knee devices. According to the World Health Organization (WHO), the prevalence of musculoskeletal conditions increases with age. Whereas, the younger people are also affected, often during their peak income-earning years. For instance, in 2017, the musculoskeletal disorders were ranked the second most prevalent disorders in the East Mediterranean region and third in the African region.

Major factors such as rise in prevalence of orthopedic injuries or diseases and rapid increase in the aging population globally drive the market. However, high cost associated with procedures involving orthopedic implants treatment and stringent government policies hamper the market growth. On the contrary, the emerging economies present lucrative opportunities to the market.

This report segments the orthopedic device market based on product, application, and region to provide a detailed assessment of the market. Based on product, the market is divided into drill guide, guide tubes, implant holder, custom clamps, distracters, screw drivers, and accessories. Based on application, the market is divided into hip orthopedic devices, knee orthopedic devices, spine orthopedic devices, craniomaxillofacial orthopedic devices, dental orthopedic devices, and sports injuries, extremities and trauma (set) orthopedic devices. Based on region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

Comprehensive competitive analysis and profiles of major market players such as Arthrex, Inc., CONMED Corporation, DJO Global, Inc., Globus Medical Inc., B. Braun Melsungen AG, Medtronic Plc., Smith & Nephew Plc., Stryker Corporation, Wright Medical Group N.V. and Zimmer Biomet Holdings, Inc.

KEY BENEFITS FOR STAKEHOLDERS

  • This report provides a detailed quantitative analysis of the current market trends and future estimations from 2019-2026, which assists to identify the prevailing market opportunities.
  • An in-depth analysis of various regions is anticipated to provide a detailed understanding of the current trends to enable stakeholders to formulate region-specific plans.
  • A comprehensive analysis of the factors that drive and restrain the growth of the global orthopedic devices market is provided.
  • An extensive analysis of various regions provides insights that allow companies to strategically plan their business moves.


KEY MARKET SEGMENTS

By Application

  • Hip Orthopedic Devices
  • Knee Orthopedic Devices
  • Spine Orthopedic Devices
  • Craniomaxillofacial Orthopedic Devices
  • Dental Orthopedic Devices
  • Sports Injuries and Extremities and Trauma Orthopedic Devices
  • By Product
  • Drill Guide
  • Guide Tubes
  • Implant Holder
  • Custom Clamps
  • Distracters
  • Screw Drivers


By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • Spain
  • Italy
  • UK
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • India
  • China
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest of LAMEA

Key Market Players

  • Arthrex, Inc.
  • CONMED Corporation
  • DJO Global, Inc.
  • Globus Medical Inc.
  • B. Braun Melsungen AG
  • Medtronic Plc.
  • Smith & Nephew Plc.
  • Stryker Corporation
  • Wright Medical Group N.V.
  • Zimmer Biomet Holdings, Inc.
  • The other players in the value chain (profiles not included in the report)
  • Quantel laser
  • Nidek CO., LTD.
  • Topcon Corporation
  • DEKA M.E.L.A. S.r.l.
  • SharpLight Technologies
  • Sciton, Inc.
  • Alma Lasers