China Orthopedic Devices Market Size & Outlook, 2023-2030
China orthopedic devices market, 2018-2030 (US$M)
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China orthopedic devices market highlights
- The China orthopedic devices market generated a revenue of USD 2,863.3 million in 2023 and is expected to reach USD 4,577.8 million by 2030.
- The China market is expected to grow at a CAGR of 6.9% from 2024 to 2030.
- In terms of segment, joint replacement/ orthopedic implants was the largest revenue generating product in 2023.
- Orthobiologics is the most lucrative product segment registering the fastest growth during the forecast period.
Orthopedic devices market data book summary
| Market revenue in 2023 | USD 2,863.3 million |
| Market revenue in 2030 | USD 4,577.8 million |
| Growth rate | 6.9% (CAGR from 2023 to 2030) |
| Largest segment | Joint replacement/ orthopedic implants |
| Fastest growing segment | Orthobiologics |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Joint Replacement/ Orthopedic Implants, Trauma, Sports Medicine, Orthobiologics |
| Key market players worldwide | Medtronic PLC, Stryker Corp, Zimmer Biomet Holdings Inc, DePuy Synthes, Smith & Nephew PLC, Aesculap, Conmed Corp, NuVasive, Enovis Corp |
Other key industry trends
- In terms of revenue, China accounted for 4.7% of the global orthopedic devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China orthopedic devices market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,032.5 million by 2030.
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Orthopedic Devices Market Scope
Orthopedic Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 40.9% in 2023. Horizon Databook has segmented the China 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.
China is one of the largest manufacturers and consumers of orthopedic devices. It has a high number of local medical device manufacturers producing low-cost orthopedic devices. These devices are exported to various parts of the world, including major countries in Europe, Asia, and Africa.
According to International Osteoporosis Foundation, 70 million of the total population in the country above the age of 50 years suffer from any disease. The country also has a high incidence of osteoporosis and arthritis. Thus, high prevalence of diseases and booming manufacturing sector are some of the key factors contributing to the growth of the China orthopedic devices market.
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Our clientele includes a mix of orthopedic devices market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the China orthopedic devices market , including forecasts for subscribers. This country databook contains high-level insights into China orthopedic devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China orthopedic devices market size, by product, 2018-2030 (US$M)
China Orthopedic Devices Market Outlook Share, 2023 & 2030 (US$M)
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