Market Overview:
The global medical orthopedic devices market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of musculoskeletal disorders, rising geriatric population, and technological advancements in orthopedic devices. The surgical devices segment is expected to dominate the global medical orthopedic devices market during the forecast period owing to the increasing number of surgeries performed for treating various musculoskeletal disorders. The hip application segment is expected to account for the largest share of the global medical orthopedic devices market during 2018-2030 due to an increase in aging population and rising prevalence of osteoarthritis.
Product Definition:
Medical orthopedic devices are tools or equipment that is used to help with the treatment of musculoskeletal conditions or injuries. These devices can help to improve function, mobility, and quality of life for those who suffer from these issues. Some common medical orthopedic devices include braces, splints, and slings.
Surgical Devices:
Surgical devices are instruments and tools that are used by surgeons during a surgical procedure. The most common types of surgical devices include scalpels, saws, forceps, retractors, and other such instruments. Surgical equipment is widely used in orthopedic surgery as well as neurosurgery.
Accessories:
An accessory is a device or an instrument that is used to enhance, facilitate or improve the performance of a medical orthopedic device. It can be seen as an extension of the functionality of the main orthopedic tool. The market for accessories in medical orthopedic devices has been witnessing growth over the past few years and this trend is expected to continue over the forecast period owing to increasing demand for advanced technology and products by surgeons & physicians coupled with growing number of sports injuries across globe.
Application Insights:
The knee orthopedic devices segment dominated the global medical orthopedic devices market in 2017. The growth can be attributed to the increasing number of total knee replacement procedures and rising geriatric population susceptible to various diseases including osteoarthritis. According to a study published by Osteopore, Inc., in 2019, it was estimated that around 54 million people aged 60 or above suffered from arthritis pain worldwide. In addition, according to data published by the CDC in 2018, it was reported that around 20% of adults aged 65 years or above were hospitalized due to fall injuries between 2015 and 2016. These factors are expected to boost demand for various types of surgical implants used as substitutes for natural joints during surgery procedures over the forecast period.
The hip orthopedic devices segment is anticipated register notable growth over the forecast period owing primarilyto an increase in total hip replacement surgeries along with growing awareness about these surgeries among individuals suffering from degenerative joint disease (DJD).
Regional Analysis:
North America dominated the global market in 2017. The presence of well-established healthcare facilities, favorable reimbursement policies, and increasing R&D activities for developing advanced products are some of the factors responsible for its continued dominance over the forecast period. Moreover, growing sports injuries and rising cases of arthritis among geriatric population are expected to drive regional growth during the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the coming years owing to improving healthcare infrastructure coupled with rising awareness regarding advanced treatment options in emerging countries such as China and India. In addition, government initiatives encouraging medical tourism due to affordable treatment rates will also boost this region’s growth rate during the projected period.
Growth Factors:
- Increasing incidence of orthopedic diseases and disorders: The global prevalence of orthopedic diseases is increasing at a rapid pace. This is primarily attributed to the aging population, rising obesity rates, and increasing levels of physical inactivity. As a result, the demand for medical orthopedic devices is expected to surge in the coming years.
- Technological advancements: The medical orthopedic devices market is witnessing rapid technological advancements, with manufacturers introducing innovative products that are more effective and efficient than their predecessors. This is likely to fuel the growth of this market in the near future.
- Growing awareness about benefits of medical orthopedic devices: There has been a significant increase in awareness about the benefits of using medical orthopedic devices among both patients and healthcare professionals in recent years. This is likely to boost demand for these devices in the coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Orthopedic Devices Market Research Report
By Type
Surgical Devices, Accessories,
By Application
Hip, Knee, Spine, Others,
By Companies
Medtronic, Stryker, Zimmer-Biomet, DePuy Synthes, Smith and Nephew, Aesculap Implant Systems, Conmed, NuVasive
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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Medical Orthopedic Devices Market Report Segments:
The global Medical Orthopedic Devices market is segmented on the basis of:
Types
Surgical Devices, Accessories,
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, 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:
- Medtronic
- Stryker
- Zimmer-Biomet
- DePuy Synthes
- Smith and Nephew
- Aesculap Implant Systems
- Conmed
- NuVasive
Highlights of The Medical Orthopedic Devices 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:
- Surgical Devices
- Accessories
- By Application:
- Hip
- Knee
- Spine
- 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 Medical Orthopedic Devices 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
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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?
Medical orthopedic devices are medical devices that are used to treat injuries and diseases of the musculoskeletal system. These devices can help patients with conditions such as arthritis, spinal cord injuries, and joint replacements.
Some of the key players operating in the medical orthopedic devices market are Medtronic, Stryker, Zimmer-Biomet, DePuy Synthes, Smith and Nephew, Aesculap Implant Systems, Conmed, NuVasive.
The medical orthopedic devices market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Medical Orthopedic Devices Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Medical Orthopedic Devices Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Medical Orthopedic Devices Market - Supply Chain
4.5. Global Medical Orthopedic Devices Market Forecast
4.5.1. Medical Orthopedic Devices Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Medical Orthopedic Devices Market Size (000 Units) and Y-o-Y Growth
4.5.3. Medical Orthopedic Devices Market Absolute $ Opportunity
5. Global Medical Orthopedic Devices Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Medical Orthopedic Devices Market Size and Volume Forecast by Type
5.3.1. Surgical Devices
5.3.2. Accessories
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Medical Orthopedic Devices Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Medical Orthopedic Devices Market Size and Volume Forecast by Application
6.3.1. Hip
6.3.2. Knee
6.3.3. Spine
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Medical Orthopedic Devices Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Medical Orthopedic Devices Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Medical Orthopedic Devices Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Medical Orthopedic Devices Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Medical Orthopedic Devices Demand Share Forecast, 2019-2026
9. North America Medical Orthopedic Devices Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Medical Orthopedic Devices Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Medical Orthopedic Devices Market Size and Volume Forecast by Application
9.4.1. Hip
9.4.2. Knee
9.4.3. Spine
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Medical Orthopedic Devices Market Size and Volume Forecast by Type
9.7.1. Surgical Devices
9.7.2. Accessories
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Medical Orthopedic Devices Demand Share Forecast, 2019-2026
10. Latin America Medical Orthopedic Devices Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Medical Orthopedic Devices Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Medical Orthopedic Devices Market Size and Volume Forecast by Application
10.4.1. Hip
10.4.2. Knee
10.4.3. Spine
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Medical Orthopedic Devices Market Size and Volume Forecast by Type
10.7.1. Surgical Devices
10.7.2. Accessories
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Medical Orthopedic Devices Demand Share Forecast, 2019-2026
11. Europe Medical Orthopedic Devices Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Medical Orthopedic Devices Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Medical Orthopedic Devices Market Size and Volume Forecast by Application
11.4.1. Hip
11.4.2. Knee
11.4.3. Spine
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Medical Orthopedic Devices Market Size and Volume Forecast by Type
11.7.1. Surgical Devices
11.7.2. Accessories
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Medical Orthopedic Devices Demand Share, 2019-2026
12. Asia Pacific Medical Orthopedic Devices Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Medical Orthopedic Devices Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Medical Orthopedic Devices Market Size and Volume Forecast by Application
12.4.1. Hip
12.4.2. Knee
12.4.3. Spine
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Medical Orthopedic Devices Market Size and Volume Forecast by Type
12.7.1. Surgical Devices
12.7.2. Accessories
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Medical Orthopedic Devices Demand Share, 2019-2026
13. Middle East & Africa Medical Orthopedic Devices Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Medical Orthopedic Devices Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Medical Orthopedic Devices Market Size and Volume Forecast by Application
13.4.1. Hip
13.4.2. Knee
13.4.3. Spine
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Medical Orthopedic Devices Market Size and Volume Forecast by Type
13.7.1. Surgical Devices
13.7.2. Accessories
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Medical Orthopedic Devices Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Medical Orthopedic Devices Market: Market Share Analysis
14.2. Medical Orthopedic Devices Distributors and Customers
14.3. Medical Orthopedic Devices Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Medtronic
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Stryker
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Zimmer-Biomet
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. DePuy Synthes
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Smith and Nephew
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Aesculap Implant Systems
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Conmed
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. NuVasive
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
