
Study Period | 2019 - 2030 |
Market Size (2025) | USD 59.25 Billion |
Market Size (2030) | USD 73.84 Billion |
CAGR (2025 - 2030) | 4.50 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Market Concentration | Medium |
Major Players![]() *Disclaimer: Major Players sorted in no particular order |
Orthopedic Devices Market Analysis
The Orthopedic Devices Market size is estimated at USD 59.25 billion in 2025, and is expected to reach USD 73.84 billion by 2030, at a CAGR of 4.5% during the forecast period (2025-2030). Key drivers fuelling the growth of the market include a rising number of joint reconstruction surgeries, an escalating prevalence of orthopedic disorders, and an increase in trauma and accident cases.
For example, as per the December 2023 update by the World Health Organization, between 20 and 50 million individuals sustain non-fatal injuries, with a significant number facing disabilities worldwide annually. Notably, 92% of global road fatalities transpire in low- and middle-income nations, despite these regions accounting for only about 60% of the world's vehicles. High incidences of road injuries can lead to increased bone damage cases, subsequently boosting the demand for orthopedic devices and propelling the market's growth.
Osteoarthritis, the most prevalent form of arthritis, predominantly affects older individuals. An article published in August 2023 in Lancet Rheumatology revealed the projections that nearly 1 billion individuals will be affected by osteoarthritis by 2050, predominantly in the knees and hands, globally. Specifically, cases of knee osteoarthritis are expected to surge by 75%, while hand osteoarthritis will see a 50% rise. Consequently, the rising incidence of osteoarthritis is driving up the demand for joint replacement surgeries, fueling the segment's growth.
World Health Organization (WHO) estimates from 2023 indicate that China is witnessing one of the world's most rapid increases in its aging population. By 2040, it's projected that 28% of China's population will be aged over 60, a rise attributed to longer life expectancies. This demographic shift is anticipated to result in a surge of orthopedic disorders, creating a heightened demand for surgical treatments, offering a positive orthopedic devices market outlook in the nation during the forecast period.
Recent technological advancements in material technology have broadened the spectrum of materials deemed suitable for orthopedic implants. These innovations enhance biocompatibility and reduce the necessity for subsequent surgeries to remove the implants. Such developments are poised to invigorate the market in the coming years. For instance, in April 2023, the United States Food and Drug Administration (U.S. FDA) granted approval for a groundbreaking metal screw, crafted by Finnish firm Bioretec, designed to securely mend broken bones and safely dissolve within the body over time. Dubbed RemeOs, these inserts mark the debut of bioresorbable metal implants, innovatively composed of a magnesium, calcium, and zinc alloy, steering clear of the rare-earth metals commonly found in surgical tools. These pioneering Mg-based alloys not only boast spontaneous degradability and commendable mechanical traits but also excel in biocompatibility. Furthermore, the degradation byproducts of these Mg-based alloys have been shown to stimulate bone formation in vivo effectively. This initiative marks a pivotal enhancement in orthopedic treatments, spotlighting the integration of innovative medical technology and heightened patient comfort.
As a result, the increasing prevalence of accidents, trauma, and orthopedic disorders, along with advancements in material technology, particularly for titanium and bioabsorbable implants, is fuelling the expansion of the orthopedic devices market globally. However, However, stringent regulatory scenarios and poor reimbursement scenarios, along with a lack of skilled surgeons may hamper the development of the market.
Orthopedic Devices Market Insights and Trends
Spine Orthopedic Devices Segment Holds the Largest Share in the Market
The spine orthopedic devices under the application segment are expected to have the major orthopedic devices market share with a CAGR of 4.64% over the forecast period (2024-2029). Industry research estimates that the spine orthopedic devices segment is expected to have a market value of 12.65 billion in 2024 and is likely to reach a market value of USD 15.86 billion by 2029.
Spinal orthopedic devices stabilize and support the spine for individuals with spinal conditions or injuries. These devices can be crafted from diverse materials, including metals, polymers, or a blend of both.
Market growth is propelled by the increasing prevalence of spinal degenerative diseases and scoliosis, bone cancer in the spine or osteosarcoma, a surge in spinal fractures, and a heightened incidence of trauma, among other factors. For instance, as per the 2024 Spinal Cord Injury (SCI) Data Sheet from the National SCI Statistical Center (NSCISC), around 18,000 individuals experience new traumatic spinal cord injuries (tSCI) annually in the United States. Hence, owing to the high prevalence of SCI, the demand for spine orthopedic devices is likely to rise, leading to segment growth over the forecast period.
Key players are continuously involved in various strategic activities related to orthopedic implants that can be used in spinal procedures, which ultimately accentuates the segment growth over the forecast period. As product approvals and launches continue to rise, awareness of spine orthopedic devices is set to grow, consequently boosting their sales. For example, in January 2023, SynerFuse, Inc. revealed promising study results, highlighting the safety and tolerability of simultaneously implanting spinal fusion and neuromodulation devices in patients with chronic lower back pain. Such encouraging clinical findings pave the way for increased adoption of these spinal implants, propelling segment growth. Additionally, in October 2023, Spine Wave and eCential Robotics forged a long-term partnership, aiming to co-develop, market, and commercialize optimized solutions to advance robotic spine surgery.
Given the strategic focus on manufacturing orthopedic devices for spinal conditions and the increasing incidence of traumatic spinal injuries, there is anticipated to be a surge in demand of orthopedic devices, driving segment growth throughout the forecast period.

Among the Application Segments, Trauma Fixation Devices Are Projected to Witness the Fastest Growth in The Market
Trauma fixation devices under the application segment are expected to have the highest growth rate with a CAGR of 4.78% over the forecast period (2024-2029). Market statistics show that the trauma fixation devices segment is estimated to have a market value of 6.13 billion in 2024 and is likely to reach a market value of USD 7.69 billion by 2029.
Trauma fixation encompasses various treatment methods for bone fractures. Proper stabilization of bones is crucial for healing, making hardware implantation a common approach for both internal and external trauma fixation. These devices are pivotal in treating bone fractures and addressing tissue degeneration. A key driver of this segment's growth is the increasing incidence of trauma, particularly from road accidents.
The orthopedic devices market is segmented by application. The application segment is further segmented into hip orthopedic devices, joint reconstruction, knee orthopedic devices, spine orthopedic devices, trauma fixation devices, dental orthopedic devices, and other applications. Segmenting the application allows stakeholders to understand market dynamics and identify key growth opportunities.
North America Expected to Witness Significant Growth
By geography, the North America region is likely to hold a major share with an estimated orthopedic devices market size of USD 20.88 billion in 2024, expected to reach USD 26.19 billion by 2029, with a CAGR of 4.63%. In North America, the orthopedic devices industry is fueled by a surge in joint replacement surgeries, a high incidence of sports-related injuries and obesity, degenerative bone disease, and other soft tissue complications coupled with technological advancements in orthopedic devices. Furthermore, leading market players' strategic initiatives and product launches are anticipated to bolster this growth.
The aging population is particularly susceptible to musculoskeletal disorders and reduced bone mass due to diseases such as osteoarthritis. As these conditions progress, they often necessitate joint replacement procedures, driving up the demand for orthopedic devices. Additionally, a surge in sports-related injuries and an uptick in joint replacement surgeries nationwide further bolsters this demand for orthopedic solutions. For instance, data updated from the American College of Rheumatology in February 2023, the United States (U.S.) witnessed approximately 790,000 total knee replacements and over 450,000 hip replacements annually. Such figures underscore the escalating demand for orthopedic devices in the United States, positioning the market for robust growth in the region.
Also, the rising adoption of these devices in minimally invasive surgery and orthopedic injuries occurring during sports and recreational activities will also help drive market expansion in the United States, Canada, and Mexico.
Additionally, Canada's robust orthopedic surgery rates fuel the demand for orthopedic devices due to the increase in a number of age-related knee and hip replacements. Besides, Canada’s aging population is rising, which is likely to boost the market over the forecast period. This is because the geriatric population is more susceptible to joint disorders, which further compels the patients to undergo joint replacement surgeries depending on the severity of the disorder. According to the 2023 statistics published by the United Nations Population Fund, in Canada, about 20% of the population was 65 years and above in 2023. Thus, the growing aging population is expected to increase the burden of musculoskeletal disorders and contribute to market growth.
Furthermore, market players prioritize developing innovative orthopedic devices to meet end user demands. The marketed orthopedic devices are commonly used in hospitals, clinics, and other ambulatory surgery centers across the region. For instance, in October 2023, Ortho Development, a U.S.-based orthopedic device manufacturer, introduced its BKS Uni Partial Knee System to the United States market. This system expanded the company's portfolio of balanced knee implant systems. The newly designed system aims to preserve bone, streamline surgical techniques, and build upon the clinical legacy of the balanced knee system.
Consequently, driven by the surging rates of obesity, sports injuries, and a growing elderly demographic necessitating more joint replacement surgeries, alongside technological innovations and active product rollouts by key market players, the North American market for orthopedic devices is poised for notable growth during the forecast period.
By geography, the global market is segmented into North America (United States, Canada, Mexico), Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific), Middle East and Africa (GCC, South Africa, Rest of Middle East and Africa), and South America (Brazil, Argentina, Rest of South America). China, Japan, and India lead the Asia-Pacific region in the swift development of advanced orthopedic implants to increase their market share in the global market.

Orthopedic Devices Industry Overview
The orthopedic devices market is highly fragmented and fiercely competitive. Leading players and largest companies prioritize ongoing product development and strategically price their offerings, particularly in developing nations. Key players in this orthopedic devices industry report include B. Braun SE, Enovis Corporation, Arthrex, Inc., ATEC Spine Inc., NuVasive, Inc., Boston Scientific Corporation, CTL Amedica, Globus Medical, Johnson & Johnson, Inc., Medtronic PLC, Ossur, Smith & Nephew PLC, Stryker Corporation, Zimmer Biomet among others.
Currently, a handful of major players dominate the market share. These key players are concentrating on technological advancements in their offerings, particularly in enhancing orthopedic procedures. Market trends show that this and similar focus will help push the market growth during the 2024-2029.
In October 2023, Enovis, a U.S.-based medical technology firm specializing in orthopedics, completed the acquisition of Limacorporate S.p.A., an Italian orthopedic company. Limacorporate is renowned for producing implants utilized in shoulder, knee, elbow, and hip surgeries. Owing to such strategic acquisitions among key companies will accentuate orthopedic devices market share over the forecast period.
Orthopedic Devices Market Leaders
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Smith & Nephew PLC
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Zimmer Biomet
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Stryker Corporation
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Johnson & Johnson Inc
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Medtronic PLC.
- *Disclaimer: Major Players sorted in no particular order

Orthopedic Devices Market News
- November 2024: Auxein, a global leader in orthopedic products, launched cutting-edge orthopedic and arthroscopy products such as the AV-Wiselock Plates, Osteochondral Transfer System, and the Reusable Suture Passer. Other notable offerings were the Ligament Augmentation Repair Instrument Set, Auxilock Silicon Cannula, and the Auxilock Rigid Threaded Cannula. Additionally, Auxein showcased the Knee Escorpian Suture Passer, Bioabsorbable Interference Screw, Bioabsorbable Anchors, and the GFS Ultimate Button with Brace/Tape System.
- October 2024: Globus Medical, Inc., a prominent player in musculoskeletal solutions, reported the ongoing growth and diversification of its orthopedic trauma product lineup. The company rolled out multiple system extensions and secured 510(k) clearance from the United States Food and Drug Administration for its inaugural suture-based offering, the TENSOR Suture Button System. The company's latest advancements feature next-generation systems such as the ANTHEM II Distal Radius Volar Plates, AUTOBAHN Trochanteric Nail PRO Instruments, and CAPTIVATE SOLA Headless Screws.
- September 2024: Paragon 28 unveiled an innovative Right-Angle Drill tailored for the APEX 3D Total Ankle Replacement System. This new tool aims to enhance tibia preparation before inserting the APEX 3D tibia implant. The Right-Angle Drill leverages a linear guide and ensures precise vertical drilling into the tibia, facilitating optimal peg placement and ensuring a robust interface for the tibia implant.
- July 2024: the Orthopaedic Implant Company (OIC) unveiled its newest advancement in orthopedic care: the OIC Flex-Fix System. This value-driven system is tailored for treating syndesmotic injuries and addresses a prevalent and often challenging ankle injury caused by severe ankle rotation or rolling.
Orthopedic Devices Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
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4.2 Market Drivers
- 4.2.1 Increasing Number of Large Joint Reconstruction Surgeries
- 4.2.2 Growing Burden of Orthopedic Disorders, Trauma, and Accident Cases
- 4.2.3 Development of Bioabsorbable And Titanium Implants
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4.3 Market Restraints
- 4.3.1 Stringent Regulatory Scenario
- 4.3.2 Poor Reimbursement Scenario and Lack of Skilled Surgeons
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4.4 Porter's Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value in USD Billion)
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5.1 By Application
- 5.1.1 Hip Orthopedic Devices
- 5.1.2 Knee Orthopedic Devices
- 5.1.3 Spine Orthopedic Devices
- 5.1.4 Trauma Fixation Devices
- 5.1.5 Dental Orthopedic Devices
- 5.1.6 Other Applications
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5.2 Geography
- 5.2.1 North America
- 5.2.1.1 United States
- 5.2.1.2 Canada
- 5.2.1.3 Mexico
- 5.2.2 Europe
- 5.2.2.1 Germany
- 5.2.2.2 United Kingdom
- 5.2.2.3 France
- 5.2.2.4 Italy
- 5.2.2.5 Spain
- 5.2.2.6 Rest of Europe
- 5.2.3 Asia-Pacific
- 5.2.3.1 China
- 5.2.3.2 Japan
- 5.2.3.3 India
- 5.2.3.4 Australia
- 5.2.3.5 South Korea
- 5.2.3.6 Rest of Asia-Pacific
- 5.2.4 Middle East and Africa
- 5.2.4.1 GCC
- 5.2.4.2 South Africa
- 5.2.4.3 Rest of Middle East and Africa
- 5.2.5 South America
- 5.2.5.1 Brazil
- 5.2.5.2 Argentina
- 5.2.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 B. Braun SE
- 6.1.2 Enovis Corporation
- 6.1.3 Arthrex Inc.
- 6.1.4 Atec Spine Inc.
- 6.1.5 Nuvasive Inc.
- 6.1.6 Boston Scientific Corporation
- 6.1.7 Ctl Amedica
- 6.1.8 Globus Medical
- 6.1.9 Johnson & Johnson Inc.
- 6.1.10 Medtronic PLC.
- 6.1.11 Ossur
- 6.1.12 Smith & Nephew PLC
- 6.1.13 Stryker Corporation
- 6.1.14 Zimmer Biomet
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Orthopedic Devices Industry Segmentation
As per the scope of the report, orthopedic devices are used to replace missing joints or bones or to support to damaged bones. The devices are fabricated using titanium alloys and stainless steel for strength, and the plastic coating acts as artificial cartilage. Internal fixation is a surgery in orthopedics that involves implanting implants to repair damaged bone.
The orthopaedic devices market is segmented by application and geography. The application segment is further segmented into hip orthopedic devices, joint reconstruction, knee orthopedic devices, spine orthopedic devices, trauma fixation devices, dental orthopedic devices, and other applications. The geography is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and South America. The market data in this report covers the estimated market sizes and trends for 17 different countries across major regions globally. The report offers the value (in USD billion) for the above segments.
By Application | Hip Orthopedic Devices | ||
Knee Orthopedic Devices | |||
Spine Orthopedic Devices | |||
Trauma Fixation Devices | |||
Dental Orthopedic Devices | |||
Other Applications | |||
Geography | North America | United States | |
Canada | |||
Mexico | |||
Europe | Germany | ||
United Kingdom | |||
France | |||
Italy | |||
Spain | |||
Rest of Europe | |||
Asia-Pacific | China | ||
Japan | |||
India | |||
Australia | |||
South Korea | |||
Rest of Asia-Pacific | |||
Middle East and Africa | GCC | ||
South Africa | |||
Rest of Middle East and Africa | |||
South America | Brazil | ||
Argentina | |||
Rest of South America |
Orthopedic Devices Market Research FAQs
How big is the orthopedic market?
The orthopedic devices market size is estimated at USD 59.25 billion in 2025, and is expected to reach USD 73.84 billion by 2030, growing at a CAGR of 4.5% during the forecast period (2025-2030).
Who are the major players in the orthopedic devices market?
Some of the companies currently dominating the market are B. Braun SE, Enovis Corporation, Arthrex, Inc., ATEC Spine Inc., Zimmer Biomet, Medtronic PLC, Smith & Nephew PLC, Stryker Corporation, Boston Scientific Corporation, Johnson & Johnson Inc., and others.
What factors are driving the market growth of orthopedic devices ?
Factors driving the growth of the orthopedic devices market include the rising prevalence of osteoporosis and musculoskeletal diseases, technological advancements, a surge in sports and traumatic injuries, and an expanding aging population.
What challenges are impacting the orthopedic devices market?
The market grapples with significant challenges, including a stringent regulatory landscape, inadequate reimbursement frameworks, and a shortage of skilled surgeons.
What impact does an aging population have on the orthopedic devices market?
The growing elderly population is boosting the demand for orthopedic devices, particularly for treatments addressing age-related issues like osteoporosis and osteoarthritis.