Orthopedic Devices Market

The global orthopedic devices devices market is projected to grow USD 68.51 billion in 2030 from USD 51.61 billion in 2024, at a CAGR of 4.8% from 2024 to 2030. Growing investments in technological  innovations, emerging business opportunities in developing countries, rising prevalence of musculoskeletal disorders is driving the demand for orthopedic devices.The increasing aging population globally, is driving market growth since older adults are more susceptible to fractures and joint degeneration. The growing incidence of sports injuries, fueled by growing participation in athletics among different age demographics, is amplifying the need for orthopedic treatments. Furthermore, the rising adoption of and shift toward minimally invasive surgeries & robotic-assisted procedures offering shorter recovery periods and reduced risks relative to conventional open procedures are driving market expansion.

The orthopedic devices market is consolidated. As of 2024, the key players operating in the global joint replacement devices market are Zimmer Biomet Holdings, Inc. (US), Stryker Corporation (US), Johnson & Johnson MedTech (US), Smith+Nephew (UK), B.Braun (Germany).

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Stryker Corporation (US)

Stryker Corporation ranks among the top firms in the global orthopedic devices market.  The organization maintains a strong presence in the global market, encompassing regions such as Europe, North America, the Middle East, Africa, and the Asia Pacific.  The company has established its brand presence in over 75 countries worldwide.  The company provides joint replacement devices via its Orthopedics & Spine division.  The firm concentrates on enhancing its range of products and launching new products.  To maintain its market leadership, it emphasizes innovation and provides distinctive products.  The company emphasizes research and development, introducing technologically advanced  products to the market that cater to its customers unmet needs.

Zimmer Biomet Holdings, Inc. (US)

Zimmer Biomet  is  among the leading companies in the orthopedic devices market.  The firm produces and distributes several types of medical devices and healthcare products in the medical space. It distributes orthopedic devices through its orthopedic implant product within Knees, Hips, and S.E.T categories. It has strong  presence in a number of countries , such as Germany, France, Italy, Switzerland, Spain, the United Kingdom, Japan, South Korea, China, Australia, New Zealand, Taiwan, India, Hong Kong, Thailand, Singapore, and Malaysia. It also has a broad distribution network in Benelux, Nordic, Central and Eastern Europe, as well as in the Middle East and Africa.

Johnson & Johnson MedTech (US)

Johnson & Johnson MedTech is an another major player operating in the orthopedic devices market.  The business is involved in the manufacturing, research and development, and marketing of joint replacement devices and other healthcare products internationally.  The firm offers joint replacement devices within the MedTech business segment.  The organization aims to provide technologically advanced  products with an aim to deliver better clinical results. The corporation collaborated with CrossRoads Extremity Systems (US) to drive orthopaedic care with new and innovative ideas, hoping to deliver patients with enhanced health benefits. The company holds an significant market share in over 60 countries, across various regions including the Asia Pacific, North America, the Middle East & Africa, and Europe. The company operates its businesses through key subsidiaries, including DePuy, Inc., (US) Animas Corporation (US), Ethicon, Inc. (US), and LifeScan, Inc. (US).

Related Reports:

Orthopedic Devices Market by Product (Fixation, Replacement, Prosthetics, Spinal Implant, Brace, Orthobiologics (DBM), Bone Graft), Procedures Volume (Knee, Hip, Ankle, Shoulder) Site, Application, End User (Hospital, ASC, Trauma) - Global Forecast to 2030

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