Orthopedic Devices Market
Medical Equipment

Global Orthopedic Devices Market Size, Forecasts, And Opportunities

Learn about the global orthopedic devices market through The Business Research Company, which provides information on orthopedic devices market size, orthopedic devices market drivers and restraints, orthopedic devices market players, the COVID-19 impact on the orthopedic devices market, and more.

 

The global orthopedic devices market size is expected to grow from $39.17 billion in 2021 to $42.94 billion in 2022 at a compound annual growth rate (CAGR) of 9.6%. The global orthopedic device market size is expected to grow to $58.24 billion in 2026 at a CAGR of 7.9%.

 

The increase in the patient pool due to the rising geriatric population globally contributed significantly to the growth of the orthopedic devices market during the historic period.

 

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The orthopedic devices market consists of sales of orthopedic devices and related services by entities (organizations, sole traders, and partnerships) that produce orthopedic devices used in treating bone abnormalities.

 

Global Orthopedic Devices Market Segments Include:

By Type: Joint Reconstruction Devices and Equipment, Spinal Surgery Devices and Equipment, Trauma Fixation Devices and Equipment, Orthobiologics Devices and Equipment, Arthroscopy Devices and Equipment, Orthopedic Braces and Support Devices and Equipment, Craniomaxillofacial (CMF) Devices and Equipment, Orthopedic Prosthetics

By End-User: Hospitals and Clinics, Diagnostic Laboratories, Others

By Type of Expenditure: Public, Private

By Product: Instruments/Equipment, Disposables

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the global orthopedic devices market in 2021.

 

Biodegradable implants are increasingly being used in trauma orthopedic surgeries. Biodegradable implants are used to replace a missing biological structure, support a damaged biological structure, and enhance the existing bone structure. Biodegradable products such as reabosorbable polymers composed of polyglycolic acid and polylactic acid manufactured in the form of plates, screws, and pins are replacing traditional devices like plates and screws which are more expensive. Surgeons are preferring biodegradable implants to replace conventional implants, as biodegradable implants can be engineered to provide temporary support for bone fractures, can degrade at a rate matching new tissue formation, can eliminate the need for the second surgery, are highly useful in fracture fixation in children, and result in less implant-related infections.

 

TBRC’s orthopedic devices market report covers:

Major Market Players: Johnson & Johnson, Zimmer Biomet Holdings, STRYKER CORPORATION, Medtronic Inc., Smith & Nephew plc, Colfax Corporation, NuVasive, Inc., Wright Medical Group, Inc., Globus Medical Inc., and B. Braun Group

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

 

The Orthopedic Devices Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides orthopedic devices market overviews, analyzes and forecasts market size, share, orthopedic devices market players, orthopedic devices market segments and geographies, leading competitor revenues, profiles and market shares.

 

TBRC’s orthopedic devices market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

 

Here Is A List Of Similar Reports From The Business Research Company:

Orthopedic Biomaterials Global Market Report 2022

Orthopedic Prosthetics Global Market Report 2022

Spinal Surgery Devices And Equipment Global Market Report 2022

 

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