Market Overview:
The global orthopedic market is expected to reach USD XX million by 2030, at a CAGR of XX% during the forecast period. The growth in this market can be attributed to the increasing incidence of musculoskeletal disorders, rising geriatric population, and technological advancements in orthopedic implants. The shoulder implants segment is expected to account for the largest share of the global orthopedic market in 2018. This segment is projected to grow at a CAGR of XX% during the forecast period. The ankle and foot implants segment is projected to grow at the highest CAGR during the forecast period. This growth can be attributed to increasing awareness about these implants and their benefits among patients suffering from ankle or foot injuries or deformities. In terms of region, North America accounted for the largest share of the global orthopedic market in 2017.
Product Definition:
An orthopedist is a physician who specializes in the diagnosis and treatment of disorders of the musculoskeletal system.
Shoulder Implants:
Shoulder implants are used to support damaged joints and enable the shoulder to move freely. They are most commonly used in patients who have suffered a dislocation of the shoulder joint or whose shoulders have become unstable due to age, poor posture, excessive lifting, or sports injury.
The market for Shoulder Implants is expected to grow at a significant rate over the forecast period owing to increasing incidences of rotator cuff disorder.
Wrist Implants:
Wrist implants are devices that are used to support and stabilize a damaged wrist. These implants can be classified into two types: rigid and flexible. The most common type of wrist implant is the rigid one, which is widely used owing to its benefits such as high stability, strength, and precision in movements.
Application Insights:
The hospitals segment dominated the market in 2017 and is expected to maintain its lead over the forecast period. This can be attributed to factors such as government initiatives that support the adoption of orthopedic implants, rising incidences of musculoskeletal disorders, increasing geriatric population base, and favorable reimbursement policies. For instance, according to a study published by NCBI in 2018; it was found that around 1 out of 5 adults aged 65 years or above suffered from some form of arthritis. Similarly, another study carried out by WHO stated that around 54 million people aged 60 years or above were registered globally in 2015 while this number is expected to reach about 86 million by 2050 if current trends continue. These statistics indicate a significant rise in demand for orthopedic surgeries which will boost industry growth over the coming years.
In addition, there are various other factors responsible for industry growth such as an increase in sports-related injuries among children.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to factors such as favorable reimbursement policies, rising prevalence of osteoarthritis and other orthopedic conditions, and increasing government initiatives for improving healthcare infrastructure. For instance, in 2014, the Affordable Care Act (ACA) mandated that all medical devices have a unique device identification number (UDI) which would allow tracking its origin and course of distribution.
In Asia Pacific region, demand for total hip replacement is anticipated to witness rapid growth over the forecast period owing to growing geriatric population coupled with an increase in obesity rates especially among women resulting from a sedentary lifestyle adopted by them.
Growth Factors:
- Aging population: The global aging population is expected to grow significantly in the next few decades, which will create a larger demand for orthopedic products and services.
- Increased awareness of orthopedic conditions: There has been an increase in awareness of orthopedic conditions in recent years, due to increased media coverage and education campaigns. This has led to more people seeking treatment for these conditions.
- Advances in technology: Orthopedic technology is constantly evolving, with new products and treatments being developed all the time. This means that patients have access to more advanced and effective treatments than ever before.
- Rising healthcare expenditure: Healthcare expenditure is increasing around the world, as governments invest more money into healthcare systems and people become increasingly aware of the benefits of medical treatment. This is likely to lead to increased spending on orthopedics products and services over the coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Orthopedic Market Research Report
By Type
Shoulder Implants, Wrist Implants, Elbow Implants, Ankle and Foot Implants, Others
By Application
Hospitals, Clinics, Ambulatory Surgical Centers, Others
By Companies
Stryker, DePuy Synthes, Zimmer Biomet, Smith & Nephew, Medtronic Spine, Orthosolutions, Covenant Orthopedics, Ortho Direct USA, Emerge Medical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
154
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Orthopedic Market Report Segments:
The global Orthopedic market is segmented on the basis of:
Types
Shoulder Implants, Wrist Implants, Elbow Implants, Ankle and Foot Implants, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Clinics, Ambulatory Surgical Centers, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Stryker
- DePuy Synthes
- Zimmer Biomet
- Smith & Nephew
- Medtronic Spine
- Orthosolutions
- Covenant Orthopedics
- Ortho Direct USA
- Emerge Medical
Highlights of The Orthopedic Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Shoulder Implants
- Wrist Implants
- Elbow Implants
- Ankle and Foot Implants
- Others
- By Application:
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Orthopedic Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Orthopedic is a medical term that refers to the study and treatment of injuries and diseases of the musculoskeletal system. This includes everything from fractures to arthritis. Orthopedists typically specialize in one area of orthopedics, such as sports medicine or pediatric orthopedics.
Some of the major companies in the orthopedic market are Stryker, DePuy Synthes, Zimmer Biomet, Smith & Nephew, Medtronic Spine, Orthosolutions, Covenant Orthopedics, Ortho Direct USA, Emerge Medical.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Orthopedic Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Orthopedic Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Orthopedic Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Orthopedic Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Orthopedic Market Size & Forecast, 2020-2028
4.5.1 Orthopedic Market Size and Y-o-Y Growth
4.5.2 Orthopedic Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Shoulder Implants
5.2.2 Wrist Implants
5.2.3 Elbow Implants
5.2.4 Ankle and Foot Implants
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Clinics
6.2.3 Ambulatory Surgical Centers
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Orthopedic Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Orthopedic Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Shoulder Implants
9.6.2 Wrist Implants
9.6.3 Elbow Implants
9.6.4 Ankle and Foot Implants
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Clinics
9.10.3 Ambulatory Surgical Centers
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Shoulder Implants
10.6.2 Wrist Implants
10.6.3 Elbow Implants
10.6.4 Ankle and Foot Implants
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Clinics
10.10.3 Ambulatory Surgical Centers
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Shoulder Implants
11.6.2 Wrist Implants
11.6.3 Elbow Implants
11.6.4 Ankle and Foot Implants
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Clinics
11.10.3 Ambulatory Surgical Centers
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Shoulder Implants
12.6.2 Wrist Implants
12.6.3 Elbow Implants
12.6.4 Ankle and Foot Implants
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Clinics
12.10.3 Ambulatory Surgical Centers
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Shoulder Implants
13.6.2 Wrist Implants
13.6.3 Elbow Implants
13.6.4 Ankle and Foot Implants
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Clinics
13.10.3 Ambulatory Surgical Centers
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Orthopedic Market: Competitive Dashboard
14.2 Global Orthopedic Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Stryker
14.3.2 DePuy Synthes
14.3.3 Zimmer Biomet
14.3.4 Smith & Nephew
14.3.5 Medtronic Spine
14.3.6 Orthosolutions
14.3.7 Covenant Orthopedics
14.3.8 Ortho Direct USA
14.3.9 Emerge Medical
