The report highlights the growing number of patients with orthopedic disorders across the globe, which is augmenting the global market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the orthopedic devices market.
The orthopedic devices market is bifurcated into the product type, site, application, and end user. Based on product type, the market is segmented into joint reconstruction devices, spinal implants and surgical devices, orthopedic fixation devices, orthopedic replacement devices, orthopedic prosthetics, orthobiologics devices, arthroscopy instruments, orthopedic braces and supports, and others. In 2022, the joint reconstruction devices segment dominate the overall orthopedic devices market. Based on the site, the market is segmented into wrist and shoulder, hip & pelvis, knee, foot & ankle, and others. In 2022, the knee segment dominate in the overall Orthopedic Devices market. Based on application, the market is segmented into fracture treatment and recovery, osteoarthritis and rheumatoid arthritis treatment, spine fusion, fixation, and decompression, neurological disorders, dental orthopedics, and others. In 2022, the fracture treatment and recovery segment dominate in the overall orthopedic devices market. Based on the end user, the market is segmented into hospitals and surgical centers, ambulatory and trauma care centers, orthopedic clinics, and others. In 2022, the hospitals and surgical centers segment dominate the overall orthopedic devices market.Get Free Sample
|Report Attributes||Report Details|
|By Product Type||Joint Reconstruction Devices, Spinal Implants and Surgical Devices, Orthopedic Fixation Devices, Orthopedic Replacement Devices, Orthopedic Prosthetics, Orthobiologics Devices, Arthroscopy Instruments, Orthopedic Braces and Supports, and Others|
|By Site||Wrist and Shoulder, Hip & Pelvis, Knee, Foot & Ankle, and Others|
|By Application||Fracture Treatment and Recovery, Osteoarthritis and Rheumatoid Arthritis Treatment, Spine Fusion, Fixation, and Decompression, Neurological Disorders, Dental orthopedics, and Others|
|By End User||Hospitals and Surgical Centers, Ambulatory and Trauma Care Centers, Orthopedic Clinics, and Others|
|By Region||North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa|
The market is dominated by certain major companies such as Stryker Corporation, Johnson & Johnson, Smith & Nephew, and Medtronic, which have a strong market position in the current market circumstances. These companies are continuously leveraging new technologies to develop innovative solutions. Furthermore, the orthopedic devices market is expected to witness substantial growth in the coming years due to the increasing prevalence of sports injuries and accidents in key regions such as North America, Asia Pacific, and others.
The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships.