Global Orthopedic Devices Market Size & Outlook, 2023-2030
Global orthopedic devices market, 2018-2030 (US$M)
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Global orthopedic devices market highlights
- The global orthopedic devices market generated a revenue of USD 60,388.8 million in 2023 and is expected to reach USD 80,821.8 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 4.3% by 2030.
- In terms of segment, joint replacement/ orthopedic implants accounted for a revenue of USD 25,176.6 million in 2023.
- Orthobiologics is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Denmark is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 60,388.8 million |
| Market revenue in 2030 | USD 80,821.8 million |
| Growth rate | 4.3% (CAGR from 2023 to 2030) |
| Largest segment | Joint replacement/ orthopedic implants |
| Fastest growing segment | Orthobiologics |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Joint Replacement/ Orthopedic Implants, Trauma, Sports Medicine, Orthobiologics |
Other key industry trends
- In terms of revenue, the North America accounted for 46.2% of the global orthopedic devices market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Denmark is the fastest growing regional market and is projected to reach USD 470.3 million by 2030.
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Orthopedic Devices Market Scope
Orthopedic Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global orthopedic devices market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to orthopedic devices market will help companies and investors design strategic landscapes.
Joint replacement/ orthopedic implants was the largest segment with a revenue share of 41.69% in 2023. Horizon Databook has segmented the Global orthopedic devices market based on joint replacement/ orthopedic implants, trauma, sports medicine, orthobiologics covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Orthopedic Devices Product Outlook (Revenue, USD Million, 2018-2030)
- Joint Replacement/ Orthopedic Implants
- Lower Extremity Implants
- Knee Implants
- Hip Implants
- Foot & Ankle Implants
- Spinal Implants
- Dental
- Dental Implants
- Craniomaxillofacial Implants
- Upper Extremity Implants
- Elbow Implants
- Hand & Wrist Implants
- Shoulder Implants
- Lower Extremity Implants
- Trauma
- Implants
- Accessories (Plates, Screws, Nails, Pins, Wires)
- Instruments
- Sports Medicine
- Body Reconstruction & Repair
- Accessories
- Body Monitoring & Evaluation
- Body Support & Recovery
- Orthobiologics
- Viscosupplementation
- Demineralized Bone Matrix
- Synthetic Bone Substitutes
- Bone Morphogenetic Protein (BMP)
- Stem Cell Therapy
- Allograft
- Others
- Joint Replacement/ Orthopedic Implants
- Global Orthopedic Devices End Use Outlook (Revenue, USD Million, 2018-2030)
- Hospitals
- Outpatient Facilities
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Target buyers of Global orthopedic devices market databook
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Our clientele includes a mix of orthopedic devices market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global orthopedic devices market , including forecasts for subscribers. This global databook contains high-level insights into Global orthopedic devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global orthopedic devices market size, by regions, 2018-2030 (US$M)
Top 10 countries: Orthopedic devices market size, 2023 (US$M)
Global orthopedic devices market share, by product, 2023 & 2030 (%, US$M)
Orthopedic devices market: Opportunity assessment by country
Global orthopedic devices market, by region, 2023 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 26,289.6 | 26,890.9 | 23,749.9 | 26,516.7 | 27,200.0 | 27,929.6 | 28,702.2 | 29,521.7 | 30,393.0 | 31,319.1 | 32,305.2 | 33,356.2 | 34,477.3 | 3.1% |
| Europe | 13,447.2 | 13,904.2 | 12,364.1 | 13,833.6 | 14,369.2 | 14,911.7 | 15,484.2 | 16,091.9 | 16,738.4 | 17,428.2 | 18,163.3 | 18,946.7 | 19,782.8 | 4.1% |
| Asia Pacific | 8,232.6 | 8,783.8 | 8,121.3 | 9,418.2 | 10,045.0 | 10,719.1 | 11,438.9 | 12,207.0 | 13,024.1 | 13,894.1 | 14,820.2 | 15,805.2 | 16,853.3 | 6.7% |
| Latin America | 4,205.8 | 4,395.6 | 3,977.7 | 4,535.4 | 4,748.2 | 4,976.0 | 5,218.1 | 5,474.8 | 5,747.3 | 6,036.2 | 6,342.6 | 6,667.6 | 7,012.5 | 5.0% |
| MEA | 1,403.1 | 1,482.2 | 1,383.4 | 1,659.3 | 1,748.4 | 1,852.4 | 1,962.8 | 2,076.9 | 2,194.8 | 2,315.0 | 2,438.5 | 2,565.7 | 2,695.9 | 5.5% |
| Overall | 53,578.3 | 55,456.8 | 49,596.3 | 55,963.3 | 58,110.8 | 60,388.8 | 62,806.1 | 65,372.3 | 68,097.4 | 70,992.5 | 74,069.7 | 77,341.5 | 80,821.8 | 4.3% |
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