GVR Report cover Orthopedic Devices Market Size, Share & Trends Report

Orthopedic Devices Market Size, Share & Trends Analysis Report By Application (Hip, Knee, Spine, Cranio-Maxillofacial, Dental, SET), By Product (Accessories, Surgical Devices), And Segment Forecasts, 2018 - 2026

  • Published Date: Oct, 2018
  • Base Year for Estimate: 2017
  • Report ID: 978-1-68038-928-9
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2016
  • Number of Pages: 112

Report Overview

The global orthopedic devices market size was valued at USD 36.1 billion in 2017. It is anticipated to expand at a CAGR of 3.1% over the forecast period. High prevalence of orthopedic conditions such as degenerative bone disease coupled with the rising geriatric population and the number of road accidents are anticipated to drive the market. Additionally, the early onset of musculoskeletal conditions triggered by obesity and a sedentary lifestyle are expected to boost the growth.

Japan orthopedic devices market

Currently, available trauma management techniques are incapable of restoring body parts successfully due to the lack of efficient surgical tools. As a result, manufacturers are investing significantly in Research and Development (R&D) to develop innovative and efficient devices. Increased R&D activities are anticipated to ensure high market growth in the near future.

Growing awareness regarding the availability of innovative products is pushing hospitals to constantly upgrade their devices and services. In addition, reimbursement coverage of orthopedic treatments has fueled the adoption of orthopedic surgeries. These factors allow customers to opt for advanced and high-prices devices, thus adding to the total revenue generated.

The introduction of advanced orthopedic devices reduces the prices of older versions significantly. This helps in increasing their adoption across developing countries such as Asia Pacific and Middle East, where none to partial medical reimbursement is available. The cumulative effect of these activities is expected to result in increasing procedural volume and market growth in the near future.

Application Insights

The knee orthopedic devices segment captured the largest market share in 2017. This segment is anticipated to maintain its leading position owing to the rising volume of knee surgeries. However, high costs and a longer follow-up period are the major factors challenging the growth. Moreover, stringent regulatory guidelines for approval of class III medical devices are slowing down the approval of these devices.

Sports medical, Extremities and Trauma (SET) segment is expected to register the fastest CAGR during the forecast period. Rise in sports and road injuries coupled with high awareness regarding the availability of treatments is anticipated fuel the demand for orthopedic devices in foot and ankle applications.

High demand for devices that support immediate cure is anticipated to trigger the entry of innovative products in the orthopedic devices market. In addition, sports organizations working to boost the morale of sportspersons disabled by sports injuries are expected to boost R&D activities in the sports industry.

Product Insights

On the basis of products, the market is categorized into accessories and surgical devices. The surgical device segment is further divided into drill guide, custom clamps, guide tubes, screwdrivers, and distracters, among others. The accessories segment covers products such as braces, arthroscopes, and other consumables. This segment also includes other devices such as sutures, plaster materials, and screws. The accessories segment is expected to expand at the fastest CAGR over the forecast period.

Global orthopedic devices market

Advancements in these devices and tools are anticipated to further propel the demand in the near future. Technologies and types of implants used in surgical procedures are expected to further impel the market growth over the forecast period. Reduced prices of older versions owing to the rapid pace of innovation and upgrades are anticipated to create business opportunities, especially in emerging regions.

Regional Insights

North America led the global market for orthopedic devices in 2017. High demand for advanced healthcare services owing to the presence of well-developed healthcare infrastructure, industry giants, and reimbursement coverage are some of the factors driving regional growth. Constantly rising target patient population owing to aging coupled with rising car accidents are fueling the number of orthopedic surgeries in the region. High prevalence of orthopedic conditions coupled with the adoption of advanced treatment procedures is anticipated to fuel market growth in the U.S.

Asia Pacific is expected to exhibit the fastest CAGR during the forecast period. China and India are expected to account for the largest geriatric population pool in the world. Hence, the demand from these countries is expected to grow tremendously in the near future. In addition, the booming medical tourism industry owing to the availability of advanced healthcare treatments at cost-efficient rates is expected to attract the target patient population. Japan has a large number of implant manufacturers coupled with high healthcare expenditure compared to other regional countries. Moreover, the high adaption of new technology is expected to further fuel regional market growth.

Key Companies & Market Share Insights

The global market is oligopolistic with a few international players capturing over 80.0% market share. Major companies include Medtronic PLC; Stryker Corporation; Zimmer-Biomet Holdings, Inc.; DePuy Synthes; Smith and Nephew PLC; Aesculap Implant Systems, LLC; Conmed Corporation; Donjoy, Inc.; and NuVasive, Inc.

The companies focus on continuous product development and offering orthopedic devices at competitive prices especially in developing countries. Minimally invasive orthopedic devices which do not require repeat procedures are expected to boost the number of procedures in developed as well as developing regions.

Orthopedic Devices Market Report Scope 

Report Attribute


Market size value in 2020

USD 39.6 billion

Revenue forecast in 2026

USD 47.7 billion

Growth Rate

CAGR of 3.1% from 2018 to 2026

Base year for estimation


Historical data

2014 - 2016

Forecast period

2018 - 2026

Quantitative units

Revenue in USD million and CAGR from 2018 to 2026

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Application, product, region

Regional scope

North America; Europe; APAC; Latin America; MEA

Country scope

U.S.; Canada; U.K.; Germany; Japan; China; Brazil; South Africa

Key companies profiled

Medtronic; Stryker Corporation; Zimmer Biomet; Depuy Synthes; Smith And Nephew; Aesculap Implant Systems, LLC; Conmed Corporation; DJO Global; Nuvasive, Inc.

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

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Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2026. For the purpose of this study, Grand View Research has segmented the global orthopedic devices market report on the basis of application, product, and region:

  • Application Outlook (Revenue, USD Million, 2014 - 2026)

    • Hip

    • Knee

    • Spine

    • Cranio-Maxillofacial (CMF)

    • Dental

    • Sports Injuries, Extremities and Trauma (SET)

  • Product Outlook (Revenue, USD Million, 2014 - 2026)

    • Accessories

      • Braces

      • Consumables

      • Others

    • Surgical Devices  

      • Drill Guide

      • Guide Tubes

      • Implant Holder

      • Custom Clamps

      • Distracters

      • Screw Drivers

      • Others

  • Regional Outlook (Revenue, USD Million, 2014 - 2026)

    • North America

      • The U.S.

      • Canada

    • Europe

      • The U.K.

      • Germany

    • Asia Pacific

      • Japan

      • China

    • Latin America

      • Brazil

      • Mexico

    • Middle East & Africa

      • South Africa

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