Global Orthopedic Devices Market Size & Outlook
The orthopedic devices industry worldwide is expected to reach a projected revenue of US$ 80,821.8 million by 2030. A compound annual growth rate of 4.3% is expected of the worldwide orthopedic devices industry from 2024 to 2030.
Revenue, 2023 (US$M)
$60,388.8
Forecast, 2030 (US$M)
$80,821.8
CAGR, 2024 - 2030
4.3%
Report Coverage
Worldwide
Global orthopedic devices market, 2018-2030 (US$M)
Related Markets
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 segmentation & scope
Knee Implants
Hip Implants
Foot & Ankle Implants
Spinal Implants
Dental Implants
Craniomaxillofacial Implants
Elbow Implants
Hand & Wrist Implants
Shoulder Implants
Implants
Accessories (Plates, Screws, Nails, Pins, Wires)
Instruments
Body Reconstruction & Repair
Accessories
Body Monitoring & Evaluation
Body Support & Recovery
Viscosupplementation
Demineralized Bone Matrix
Synthetic Bone Substitutes
Bone Morphogenetic Protein (BMP)
Stem Cell Therapy
Allograft
Others
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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
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 statistics, by regions, 2018-2030 (US$M)
Top 10 countries: Orthopedic devices market size, 2023 (USD Million)
Top 10 countries: Orthopedic devices market size, 2023 (USD Million)
Global orthopedic devices market, by region, 2023 (US$M)
Related regional statistics
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