• Blog
  • Orthopedic Market Report Size & Share | 2021-2026

    Orthopedic Market Report Size & Share | 2021-2026

    Orthopedic Market Report Size & Share | 2021-2026
    Report code - SR1427 Delivery - 2 Weeks
    Get Free Sample |
    Orthopedic Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportuni See more...

    Market Insights

    The Orthopedic Market is estimated to grow from USD 38.2 billion in 2020 to USD 46.4 billion by 2026 at a healthy CAGR of 3.3% during 2021-2026.

    Orthopedic-Market-Forecast

    Figure: Orthopedic Market Size, 2020-2026 (USD Billion)

    Wish to get a free sample? Register Here

    What are orthopedic implants?

    Orthopedic implants are manufactured to switch or support a missing or damaged bone or joint. These implants are intended to treat deformities, stabilize body posture, and restore normal skeletal function. The orthopedic implants market has witnessed a shift from conventional surgical procedures to the employment of recent fixation and prosthetic devices.

    Market Dynamics:

    The demand for orthopedic has increased significantly, mainly due to the rise in the geriatric population, which increases the risk of osteoarthritis, osteoporosis, technological innovations in orthopedic implants, and other musculoskeletal disorders. However, high costs associated with procedures involving orthopedic implants treatment and stringent government policies for approval of orthopedic implants can hamper the orthopedic implants market growth during the review period.

    Key Players

    Key players operating in the orthopedic market are-

    • B. Braun Melsungen AG (Germany)
    • AGIS Network Inc. (US)
    • Amedica Corp. (US)
    • Arthrex Inc. (US)
    • Boston Scientific Corporation (US)
    • Integra LifeSciences Corporation (US)
    • Johnson & Johnson (US)
    • Medtronic PLC (Ireland)
    • Smith & Nephew PLC (UK)
    • Stryker Corporation (US).

    Covid-19 Analysis

    The COVID-19 outbreak positively influenced the growth of the orthopedic market. With the surge in covid-19 cases, healthcare professionals across geographies were emphasizing treating corona-infected patients and other essential healthcare services. Additionally, the number of people visiting hospitals for non-emergency medical issues declined due to fear of infection.

    • What are the key trends in the orthopedic market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the orthopedic market?
    • What are the key strategies adopted by the major vendors to lead in the orthopedic market?
    • What is the market share of the top vendors?

    Segments Analysis

    Application Trends

    • The market has been classified into hip orthopedic devices, knee orthopedic devices, spine orthopedic devices, craniomaxillofacial orthopedic devices, dental orthopedic devices, sports injuries, extremities, and trauma orthopedic devices.
    • The knee orthopedic devices segment accounted for a substantial market share in 2020.
    • This is mainly attributed to the rising volume of knee surgeries, which proliferates segment growth.

    Regional Trends on Orthopedic Market

    • The market in North America accounted for the largest share in 2020 and is projected to continue its dominance during the review period.
    • This is mainly ascribed to the increasing target patient population due to aging along with rising car accidents are propelling the number of orthopedic surgeries in the region.
    • The high prevalence of orthopedic conditions along with the adoption of advanced treatment procedures is projected to augment market growth in the U.S., further bolstering the regional growth.

    Target Audience

    Here is the list of the group of customers that the orthopedic market hopes to have the greatest opportunity to convert-

    • Orthopedic distributors
    • Orthopedic suppliers
    • Orthopedic manufacturers
    • Hospitals
    • Government bodies

    Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The orthopedic market is expected to witness an impressive growth of 3.3% CAGR in the coming years.

    B. Braun Melsungen AG (Germany), AGIS Network Inc. (US), Amedica Corp. (US), Arthrex Inc. (US), Boston Scientific Corporation (US), Integra LifeSciences Corporation (US), Johnson & John-son (US), Medtronic PLC (Ireland), Smith & Nephew PLC (UK), and Stryker Corporation (US) are among the key players in the orthopedic market.

    The orthopedic market size is expected to reach USD 46.4 billion in the foreseeable future.

    The knee orthopedic devices segment accounted for a substantial market share in 2020.

    North America is expected to remain dominant in the orthopedic market in the next five years.

    Orthopedic distributors, Orthopedic suppliers, Orthopedic manufacturers, Hospitals, Government bodies are the target audience in the orthopedic market.