UK Orthopedic Devices Market Size & Outlook, 2023-2030
UK orthopedic devices market, 2018-2030 (US$M)
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UK orthopedic devices market highlights
- The UK orthopedic devices market generated a revenue of USD 2,687.4 million in 2023 and is expected to reach USD 3,579.6 million by 2030.
- The UK market is expected to grow at a CAGR of 4.2% 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 2,687.4 million |
| Market revenue in 2030 | USD 3,579.6 million |
| Growth rate | 4.2% (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, UK accounted for 4.5% 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 Europe, Germany orthopedic devices market is projected to lead the regional market in terms of revenue in 2030.
- Italy is the fastest growing regional market in Europe and is projected to reach USD 2,447.4 million by 2030.
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Orthopedic Devices Market Scope
Orthopedic Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK 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 42.99% in 2023. Horizon Databook has segmented the UK 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.
Due to an increase in the reconfiguration of supply chain models by medical device makers and the demand for organs for transplantation, the market is predicted to experience new growth potential throughout the forecast period.
The country's high prevalence of musculoskeletal problems is another factor driving the market. According to Institute for Health Metrics and Evaluation, a 5.2% growth was shown from 2015 to 2019 in musculoskeletal disorders in the UK.
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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 UK orthopedic devices market , including forecasts for subscribers. This country databook contains high-level insights into UK orthopedic devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK orthopedic devices market size, by product, 2018-2030 (US$M)
UK Orthopedic Devices Market Outlook Share, 2023 & 2030 (US$M)
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