Orthopaedic Devices and Supports Market was valued at USD 45.67 Billion in 2022 and is projected to reach USD 74.82 Billion by 2030, growing at a CAGR of 7.0% from 2024 to 2030.
The global orthopaedic devices and supports market experienced significant growth between 2018 and 2022, driven by increasing incidences of musculoskeletal disorders, a rising aging population, and advancements in medical technology. This market includes a variety of products such as joint replacements, spinal devices, and orthotic supports, all contributing to the enhanced quality of life for individuals with bone and joint-related conditions. Technological innovations, such as the development of minimally invasive surgical instruments and 3D-printed implants, have played a critical role in enhancing the effectiveness of orthopaedic treatments, driving market demand over the past few years.
Despite steady growth in the orthopaedic devices and supports market from 2018 to 2022, the demand dynamics for the period from 2023 to 2033 are expected to undergo significant shifts. Key factors influencing this change include evolving healthcare needs, breakthroughs in medical device technology, and changing consumer preferences. With the rise of personalized medicine, particularly in orthopaedics, the demand for customized devices tailored to individual patient needs is anticipated to grow significantly. This is in stark contrast to the past, where off-the-shelf solutions dominated the market.
The market growth forecast from 2023 to 2033 will also be impacted by an increase in the adoption of advanced materials like titanium and ceramics for joint replacements, providing more durable and long-lasting solutions for patients. Alongside this, the rising prevalence of osteoporosis, arthritis, and sports-related injuries will further fuel demand for orthopaedic devices and supports globally. The shift towards home-based rehabilitation devices is another emerging trend that is expected to gain traction, alongside the use of wearable technologies for post-operative care.
The ongoing COVID-19 pandemic and its effects on healthcare systems globally have also shifted consumer behavior, with many individuals now more proactive about their health. As a result, there is an increasing emphasis on preventative care in orthopaedics, with greater investment in early diagnosis tools and non-invasive treatment options. This evolving shift is likely to have a long-term impact on market dynamics.
With technological innovation expected to continue at a rapid pace, manufacturers will be under pressure to keep up with the demand for high-performance, low-cost, and minimally invasive devices. Strategic mergers and acquisitions, particularly in the digital healthcare space, are expected to drive further market consolidation, which will likely contribute to further growth in the sector.
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DePuy Synthes
DJO Global
Medtronic
Stryker
Smith & Nephew
Zimmer Biomet
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Orthopaedic Devices and Supports Market
Knee
Application 2
Cranio-Maxillofacial (CMF)
Dental
Sports Injuries
Extremities and Trauma (SET)
Based on Types the Market is categorized into Below types that held the largest Orthopaedic Devices and Supports market share In 2023.
Orthopedic implants and support devices
Orthobiologics
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Orthopaedic Devices and Supports Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Orthopaedic Devices and Supports Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Orthopaedic Devices and Supports Market, By Type
6. Global Orthopaedic Devices and Supports Market, By Application
7. Global Orthopaedic Devices and Supports Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Orthopaedic Devices and Supports Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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