Market Overview:
The global orthopedic products market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing incidence of musculoskeletal disorders, rising geriatric population, and technological advancements in orthopedic products. The global orthopedic implants market is expected to grow at a CAGR of 6.0% from 2018 to 2030. The growth in the market can be attributed to the increasing incidence of musculoskeletal disorders, rising geriatric population, and technological advancements in orthopedic implants. The global orthopedic prosthetics & braces market is expected to grow at a CAGR of 4.8% from 2018-2030 owing primarily due growing awareness about benefits associated with usage these devices.
Product Definition:
Orthopedic products are devices that are used to support or correct the alignment of bones and joints. They can be used to treat a wide range of conditions, including fractures, arthritis, and scoliosis. Orthopedic products can be made from a variety of materials, including metal, plastic, and silicone. They are often custom-made to fit the individual patient's needs.
Orthopedic Implants:
Orthopedic implants are medical devices used to replace a body part or function of the body. They are classified into two types: titanium and non-titanium based. The main difference between the two is that titanium implants have more benefits than non-titanium based ones. Orthopedic implant procedures include shoulder replacement, knee replacement, hip replacement, arm transplantation (forearm), finger & hand transplantation and foot & ankle reconstruction among others.
Orthopedic Orthotics:
Orthopedic orthotics and its usage in orthopedic products market is a branch of medical science which deals with the prevention, diagnosis, and treatment of disorders related to joints. Orthopedic orthotics and prosthetics are used for providing support to damaged bones or injured joints. It also helps in pain management by reducing the inflammation associated with bone oedema.
Application Insights:
The knee orthopedic products segment dominated the overall industry in 2017. The growth can be attributed to the increasing number of total knee replacement procedures and rising geriatric population with joint disorders. According to a study published in NCBI, it is estimated that nearly 54 million Americans have some form of arthritis or rheumatic condition. Furthermore, as per the U.S Department of Health & Human Services, around 52% of people aged 65 years and above suffered from chronic pain in 2015. These factors are expected to drive demand for orthopedic implants and other associated products over the forecast period thus contributing toward segment growth during the study period.
Regional Analysis:
North America dominated the global market in 2017. The presence of well-established healthcare facilities, favorable reimbursement policies, and increasing prevalence of orthopedic disorders are some major factors responsible for its growth. In addition, growing awareness regarding advanced products is anticipated to propel the demand over the forecast period.
Asia Pacific is expected to witness lucrative growth during the forecast period owing to rising geriatric population and improving economic conditions in emerging countries such as China and India. Moreover, government initiatives encouraging R&D activities for development of new products are expected to boost regional product demand during the forecast period. For instance, Aspen Orthopedics has collaborated with a Chinese medical device company under a project titled “Developing New Products from Existing Technology†(DNRT) program initiated by China's State Council in 2015.
Growth Factors:
- Increasing incidence of orthopedic diseases and disorders such as arthritis, osteoporosis, and bone cancer is expected to drive the demand for orthopedic products.
- Rising geriatric population is also anticipated to boost the market growth as this population is more susceptible to orthopedic diseases and disorders.
- Growing awareness about advanced treatment options for various orthopedic conditions will propel the demand for Orthopedic Products market globally.
- Technological advancements in Orthopedic Products are likely to create new opportunities for market players over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Orthopedic Products Market Research Report
By Type
Orthopedic Implants, Orthopedic Orthotics, Others
By Application
Hip, Knee, Spine, Dental, Others
By Companies
NuVasive,, Medtronic PLC, Zimmer-Biomet Holdings, DePuy Synthes Companies, Stryker Corporation, Aesculap Implant Systems, Donjoy, Conmed Corporation
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
212
Number of Tables & Figures
149
Customization Available
Yes, the report can be customized as per your need.
Global Orthopedic Products Market Report Segments:
The global Orthopedic Products market is segmented on the basis of:
Types
Orthopedic Implants, Orthopedic Orthotics, 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
Hip, Knee, Spine, Dental, 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:
- NuVasive,
- Medtronic PLC
- Zimmer-Biomet Holdings
- DePuy Synthes Companies
- Stryker Corporation
- Aesculap Implant Systems
- Donjoy
- Conmed Corporation
Highlights of The Orthopedic Products 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:
- Orthopedic Implants
- Orthopedic Orthotics
- Others
- By Application:
- Hip
- Knee
- Spine
- Dental
- 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 Products 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 products are medical devices that are used to help restore or maintain the function of the body's joints. These products can be used to treat a variety of conditions, including arthritis, bursitis, and tendonitis.
Some of the major players in the orthopedic products market are NuVasive,, Medtronic PLC, Zimmer-Biomet Holdings, DePuy Synthes Companies, Stryker Corporation, Aesculap Implant Systems, Donjoy, Conmed Corporation.
The orthopedic products market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Orthopedic Products 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 Products Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Orthopedic Products 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 Products 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 Products Market Size & Forecast, 2018-2028
4.5.1 Orthopedic Products Market Size and Y-o-Y Growth
4.5.2 Orthopedic Products Market Absolute $ Opportunity
Chapter 5 Global Orthopedic Products 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 Orthopedic Products Market Size Forecast by Type
5.2.1 Orthopedic Implants
5.2.2 Orthopedic Orthotics
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Orthopedic Products 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 Orthopedic Products Market Size Forecast by Applications
6.2.1 Hip
6.2.2 Knee
6.2.3 Spine
6.2.4 Dental
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Orthopedic Products 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 Products 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 Orthopedic Products Analysis and Forecast
9.1 Introduction
9.2 North America Orthopedic Products 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 Orthopedic Products Market Size Forecast by Type
9.6.1 Orthopedic Implants
9.6.2 Orthopedic Orthotics
9.6.3 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 Orthopedic Products Market Size Forecast by Applications
9.10.1 Hip
9.10.2 Knee
9.10.3 Spine
9.10.4 Dental
9.10.5 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 Orthopedic Products Analysis and Forecast
10.1 Introduction
10.2 Europe Orthopedic Products 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 Orthopedic Products Market Size Forecast by Type
10.6.1 Orthopedic Implants
10.6.2 Orthopedic Orthotics
10.6.3 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 Orthopedic Products Market Size Forecast by Applications
10.10.1 Hip
10.10.2 Knee
10.10.3 Spine
10.10.4 Dental
10.10.5 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 Orthopedic Products Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Orthopedic Products 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 Orthopedic Products Market Size Forecast by Type
11.6.1 Orthopedic Implants
11.6.2 Orthopedic Orthotics
11.6.3 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 Orthopedic Products Market Size Forecast by Applications
11.10.1 Hip
11.10.2 Knee
11.10.3 Spine
11.10.4 Dental
11.10.5 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 Orthopedic Products Analysis and Forecast
12.1 Introduction
12.2 Latin America Orthopedic Products 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 Orthopedic Products Market Size Forecast by Type
12.6.1 Orthopedic Implants
12.6.2 Orthopedic Orthotics
12.6.3 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 Orthopedic Products Market Size Forecast by Applications
12.10.1 Hip
12.10.2 Knee
12.10.3 Spine
12.10.4 Dental
12.10.5 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) Orthopedic Products Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Orthopedic Products 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) Orthopedic Products Market Size Forecast by Type
13.6.1 Orthopedic Implants
13.6.2 Orthopedic Orthotics
13.6.3 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) Orthopedic Products Market Size Forecast by Applications
13.10.1 Hip
13.10.2 Knee
13.10.3 Spine
13.10.4 Dental
13.10.5 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 Products Market: Competitive Dashboard
14.2 Global Orthopedic Products Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 NuVasive,
14.3.2 Medtronic PLC
14.3.3 Zimmer-Biomet Holdings
14.3.4 DePuy Synthes Companies
14.3.5 Stryker Corporation
14.3.6 Aesculap Implant Systems
14.3.7 Donjoy
14.3.8 Conmed Corporation
