U.S. Orthopedic Devices Market Size & Outlook, 2023-2030
U.S. orthopedic devices market, 2018-2030 (US$M)
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U.S. orthopedic devices market highlights
- The U.S. orthopedic devices market generated a revenue of USD 26,054.8 million in 2023 and is expected to reach USD 32,132.9 million by 2030.
- The U.S. market is expected to grow at a CAGR of 3% 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 26,054.8 million |
| Market revenue in 2030 | USD 32,132.9 million |
| Growth rate | 3% (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, U.S. accounted for 43.1% 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 North America, U.S. orthopedic devices market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 2,344.5 million by 2030.
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Orthopedic Devices Market Scope
Orthopedic Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 41.74% in 2023. Horizon Databook has segmented the U.S. 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 U.S. is one of the largest markets for orthopedic devices. Obesity is a result of an inactive lifestyle and poor eating practices. As of March 2020, the CDC predicted that 41.9% of U.S. citizens were obese. Many illnesses, including cardiovascular problems and rheumatoid arthritis, are caused by obesity.
Thus, a sedentary lifestyle and a high prevalence of diseases are among the key factors boosting the orthopedic devices market in the U.S. The U.S. performs more than 800,000 knee replacement surgeries each year, mostly because there are high-precision devices, painless procedures, and high-quality surgical supplies available.
Moreover, the market is expanding as a result of the presence of major market players who are pursuing expansion strategies like product launches, mergers, acquisitions, partnerships, and collaborations. For instance, in November 2022, Zimmer Biomet announced U.S. FDA approval for Persona OsseoTi Knee Tibia, intended for knee replacement without cement.
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Target buyers of U.S. 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 country-level data and insights on the U.S. orthopedic devices market , including forecasts for subscribers. This country databook contains high-level insights into U.S. orthopedic devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. orthopedic devices market size, by product, 2018-2030 (US$M)
U.S. Orthopedic Devices Market Outlook Share, 2023 & 2030 (US$M)
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