North America Orthopedic Devices Market Size & Outlook
North America orthopedic devices market, 2018-2030 (US$M)
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North America orthopedic devices market highlights
- The North America orthopedic devices market generated a revenue of USD 27,929.6 million in 2023.
- The market is expected to grow at a CAGR of 3.1% 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.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 27,929.6 million |
| Market revenue in 2030 | USD 34,477.3 million |
| Growth rate | 3.1% (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 |
| 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, North America region accounted for 46.2% of the global orthopedic devices market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 16,853.3 million by 2030.
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Orthopedic Devices Market Scope
Orthopedic Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America 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 41.68% in 2023. Horizon Databook has segmented the North America 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.
The region is anticipated to maintain its dominance throughout the forecast period. High procedural costs and reimbursement coverage, coupled with the availability of skilled professionals, are expected to spur the demand for orthopedic devices during the forecast period. In addition, the rising incidence of obesity and osteoarthritis is contributing to regional market growth.
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Target buyers of North America 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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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 continent-level data and insights on the North America orthopedic devices market , including forecasts for subscribers. This continent databook contains high-level insights into North America orthopedic devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America orthopedic devices market size, by country, 2018-2030 (US$M)
North America Orthopedic Devices Market Outlook Share, 2023 & 2030 (US$M)
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