Orthopedic Market

ORTHOPEDIC MARKET OVERVIEW

The global Orthopedic Market Market is projected to reach USD 6.73 billion in 2025 and steadily progress to USD 11.13 billion by 2033, with an expected CAGR of 5.75% during the forecast period.

The orthopedic market is changing rapidly due to an increasing demand for better treatments for musculoskeletal disorders. The orthopedic industry is experiencing innovation, development, and growth, because of a combination of an aging population around the globe, an increase in the frequency of diseases and disorders regarding bones and joints, and new technologies for joint replacement implants, spinal devices, orthobiologics, and new technologies, innovations, and improvements promoting better patient outcomes along with improved efficiencies in surgery. A rise in sports injuries, and more trauma cases, has led to a further development and consequent dispensing of orthopedic solutions. The industry is also bolstered through increased financing for healthcare development, more opportunities in minimally invasive process, and a heightened interest in orthopedic solutions among potential customers. Industry players are developing products and entering partnerships in relation to meet the greater needs of hospitals, clinics, and specialty orthopedic centers around the globe. The orthopedic market is a dynamic market that can be expected to contribute to continued growth because of innovation and consumer need into the foreseeable future.

COVID-19 IMPACT

"Orthopedic Market Had a Negative Effect Due to Increased postponing or canceling elective surgeries During COVID-19 Pandemic"

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing

lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

The COVID-19 pandemic impacted the orthopedic market significantly since the international healthcare system had to shift its focus. The elective surgery category comprised much of the orthopedic procedures, so hospitals began postponing or canceling elective surgeries to prepare for the possible influx of COVID-19 patients. There's little doubt that COVID-19 impacted demand for orthopedic devices and services but, based on what is known of COVID-19 it is less apparent what impact it is having on the orthopedic market. Disruptions in the supply chain resulted in delivery delays or limitations in product delivery and limited manufacturing capabilities. Rehabilitation centers and clinics and sports medicine facilities witnessed fewer clients due to pandemic restrictions, both during a lockdown and since with social distancing in place. However, as patients began returning to healthcare systems, they were often facing a backlog or delay in procedures and the need for orthopedic devices and services increased demand which aided stabilizing the overall orthopedic market.

LATEST TREND

"Integration of Robotic-Assisted Surgeries to Drive Market Growth"

As robotic-assisted surgeries gain more traction in the orthopedic market, we are seeing one of the biggest disruptive trends to date. Enhanced precision, less and minimized invasiveness, and greater recoveries for patients having undergone joint replacements and spine procedures are crucial features of robotic surgery systems - and gradually, more hospitals and clinics are adopting robotic platforms into their hospital systems as an opportunity to improve patient outcomes and minimize risk in procedures. Robotic surgery systems improve both the accuracy of the placement of an implant and provides surgeons with an enhanced capability to personalize the procedures with patients as there is a growing need and demand to provide patients with the fastest recovery that allows them improved post-operational mobility. Robotic-assisted orthopedic surgery will be a key differentiator for healthcare organizations seeking to provide premium service, while meeting patient demand for improved recovery.

ORTHOPEDIC MARKET SEGMENTATION

BY TYPE

Based on Type, the global market can be categorized into Joint Replacement Implants, Spinal Devices, Orthobiologics, Trauma Fixation Devices:

• Orthopedic Joint Replacement Implants: Joint replacement implants are mainstay orthopedic procedures for patients who no longer have adequate function of their joints due to either arthritis, trauma, or other degenerative diseases. Most of these joint replacement implants represent mobility restoration in patients who may have had near complete loss of function for months or years. While implants are made for nearly any joint, knee, hip, and shoulder joint implants are the most common. Overall, since the late 1980s and into the 1990s, improvements in materials and technology which combine better implant longevity with ready availability for patients has significantly fueled the growth of this family of orthopedic procedures. Furthermore, as minimally invasive procedures refine and excite patients and healthcare systems alike, the exposure of public to joint replacements in all healthcare environments not just hospitals, continues to expand. Based on growing elderly populations and increased awareness of quality of life, the demand for joint replacement implants remains high, resulting in a large influx of research and development investment in this part of orthopedics.

• Spinal Devices: Spinal devices serve an integral role for treatment of spinal condition, such as scoliosis, herniated disk, spinal stenosis, and STARR and other spinal disorders. There are types of spinal devices, such as spiral fusion hardware, dynamic stabilization devices, hyper fixations, implants, and others, including artificial disks. With the increasing incidence of spinal disorders, or perhaps the imaging and surgical techniques, the demand for spinal devices, as well as spinal solutions, has increased. Furthermore, the movement towards motion-preserving surgeries has stimulated further evaluation and development of new spinal implants for conscious efforts to increase less invasive decision-making methods for surgeons and patients, so that they can also actively engage in recovery. Therefore, spinal devices represent a significant contribution to growth in the orthopedic field and can visibly identify significance for aging populations and active populations.

• Orthobiologics: Orthobiologics refer to biological materials that aid in the healing of bones, ligaments and tendons. This includes bone grafts, platelet-rich plasma and stem cells. Their ability to improve healing through the body’s natural healing capabilities are why orthobiologics are rapidly growing in popularity with both surgical and non-surgical orthopedic treatments. Orthobiologics are used extensively in sports medicine, spinal surgeries, and repairing fractures. The trend toward regenerative medicine and personalized treatment is being explored for more opportunities in market expansion. Research is continuing in the development of new formulations and delivery methods to increase orthobiologics effectiveness in contributing to quality orthopedic health care as it is innovated and implemented in modern orthopedic practice.

• Trauma Fixation Devices: Trauma fixation devices help stabilize fractures and bone injuries while allowing the body to heal.  The trauma fixation device can be construed very openly to encompass varied constructs such as plates, screws, rods, and external fixation.  When he or she presents with an injured limb, there is often a trauma fixation device that can be necessary for restoring function and lessening or eliminating complications if intervention is done in a timely manner.  Due to accidents, slips and falls, and innumerable sports injuries, trauma is the quintessential injury pattern, as there is trauma everywhere all the time.  Trauma fixation devices are very importantly relevant in regard to their actual uses.  The relevance of trauma fixation devices may lie in their definitions.  Improved material properties and/or designs, whatever they may improvise, may improve the matching process of a trauma fixation device design with widely varying anatomical structures by improving performance and optimizing them to improve efficacy.  For this reason, recognized hospitals and trauma centers where patients are treated are still advocating the use of trauma fixation devices for better outcomes; trauma fixation devices are likely the common denominator for orthopedic treatment and practice for all therapeutic protocols.

BY APPLICATION

Based on application, the global market can be categorized into Hospitals, Orthopedic Clinics, Rehabilitation Centers, Sports Medicine Facilities:

• Hospitals: Hospitals represent source for virtually all orthopedic surgeries from simple hip surgery to complex spinal surgeries. The ability of hospitals to provide surgical services and support infrastructure means delivering substantial numbers of elective orthopedic and acute injuries and trauma procedures. Properties of the hospital environment that positively affect the post-operative patient journey, notably rehabilitation and pain management services are often an unexpected improvement in a hospital-based episode of care that generally improves patient outcomes post-surgery. Acute trauma cases are often first presenting conditions at the hospital. Acute care is often the starting point of the orthopedic continuum of care and surgery. Additionally, surgical advancements and associated competencies as well as skilled orthopedic surgeons, are adding to this potentially surgical growth opportunity, and as populations of obese patients worsen, orthopedic surgery is increasing, and surgical interventions will follow better or more goal directed robotic or minimally invasive surgical technologies that influence better developments in the market.

• Orthopedic clinics: Orthopedic clinics are designated for assessments and treatment of musculoskeletal issues and provide targeted care, including in many cases imaging and consultations or outpatient procedures. Orthopedic clinics can provide your patients with more convenience and shorter wait times, more personalized attention and can be key to follow-up visits and ongoing treatment plans for chronic care cases (like arthritis). With an increase in outpatient procedures, including outpatient surgical procedures and evolvements in imaging, orthopedic clinics have some value added to the orthopedic care continuum and have decreased the cost and accessibility of orthopedic care for patients outside of the inpatient hospital practice.

• Rehabilitation Centers: Rehabs are an essential part of your recovery process after being injured or having surgery to our orthopedic structure of the body. They have specialized environments and programming to assist in restoration of movement and strength, and physical function overall. These facilities have a team of physical therapists, occupational therapists, and rehabilitative specialists that will be in partnership with you to ensure the rehabilitation is the quickest and most effective. With the rise of knowledge of the importance of appropriate peri-operative care, the demand for quality rehab facilities is growing within our communities. Rehabilitation is also useful in decreasing incidences of re-injuries and re-admissions for hospitalization supporting rehab as an integral aspect of the plan of care for orthopedic patients and improved long-term outcomes.

• Sports Medicine Facilities: Sports medicine facilities are designed for athletes or active individuals in need of specialty level orthopedic care for sports injuries. They unite orthopedic therapy and treatment with preventive or performance-enhancing services. Typical injuries usually treated include ligament tears, tendon injuries and stress fractures. The increase in the popularity of sport or fitness-based activities has also led to many such facilities experiencing increased demand. They also assist with patient-specific recovery, and accelerated recovery through their offerings of custom treatment protocols for injury prevention and treatment. Sports medicine facilities may partner with orthopedic surgeons and/or physiotherapists to address a wide-ranging and comprehensive care philosophy, making them a big niche market in the overall orthopedic care space. Key Terms Facilities; Sports Medicine; Orthopedic; Injury rehabilitation; Injury rehabilitation; Athletes; Performance.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.             

DRIVING FACTORS

"Rising Geriatric Population and Associated Orthopedic Conditions to Boost the Market"

The growing aging population globally is a major contributor to the Orthopedic Market growth. Aging population have associated issues such as osteoarthritis, osteoporosis, and joint degeneration leading to orthopedic care, resulting in a high demand on joint replacement implants, spinal devices, and rehabilitation services. Older adults seek these treatments for pain relief and to restore function and are consistently looking for advanced solutions in orthopedics. The ever-increasing life expectancy globally will only increase the focus of health care systems on senior care resulting in greater availability of orthopedic services for aging related musculoskeletal concerns.

"Advancements in Minimally Invasive Surgical Techniques to Expand the Market"

Technological improvements have changed orthopedic surgery by advancing minimally invasive surgical (MIS) techniques. MIS techniques cause less tissue damage, result in shorter hospital stays, and provide faster recovery times than traditional surgery. While it is important for orthopedic surgeons to develop a basic understanding of advanced technology and surgical robotic systems, the use of robotic-assisted systems, computer navigation, and advanced imaging technology allows surgeons to perform more precise and efficient surgical interventions. The desire to take advantage of the benefits provided by MIS advantages, especially in joint replacement surgery, leads to increased patient preference and therefore higher adoption rates by healthcare providers. There is no question that MIS affects complication rates, will decrease total joint replacement costs to healthcare and specifically play a large role in the future of the orthopedic market.

RESTRAINING FACTOR

"High Cost of Orthopedic Procedures and Devices to Potentially Impede Market Growth"

A major obstacle to the growth of the orthopedic marketplace is the cost associated with orthopedic surgeries and implants. Robotic-assisted technologies, quality of implants or the materials that contain the implants, and ancillary surgical instruments, are all contributing factors to escalating overall costs of care. Because of this, the costs are not entirely covered by insurance which makes procedures prohibitive for patients to pay out-of-pocket. This limits access to procedures by patients, especially in developing areas of the world. Post-operative care and rehabilitation are also part of a patient's cost associated with their orthopedic procedures as well. In summary, the cost is a barrier to patient uptake and healthcare provider decisions both hindering prospective shifts in the market, even with increasing demand for orthopedic care.

OPPORTUNITY

"Expanding Access in Emerging Markets to Create Opportunity for The Product in The Market"

There is growing focus on expanding healthcare in emerging markets, which provides a possible growth opportunity for orthopaedic companies. Some of the countries in Asia, Latin America, and Africa have governments investing more resources into health care buildings to provide access to orthopaedic health care. There is also increasing demand for orthopaedic services and devices from these countries partly due to a growing number of people in these markets aware of their bone health, and partly due to a growing middle class with disposable income. Multinational corporations are establishing a presence in these emerging markets by partnering with local companies and growing their local manufacturing capacities. The rapid growth of the orthopaedic market over the next few years will create more and more opportunities for a global market presence.

CHALLENGE

"Shortage of Skilled Orthopedic Surgeons and Specialists Could Be a Potential Challenge for Consumers"

The orthopedic market is facing a significant challenge: there is a worldwide shortage of qualified orthopedic surgeons and specialists. There is a growing need for orthopedic care; however, there are lots of areas without qualified care providers, and this can happen in areas with less access to qualified care providers especially in rural and underserved areas. Unfortunately, if we find ourselves in a world of best-case/dream scenarios where more services are needed and qualified orthopedic care providers are available, there will still be an expectation of fewer deferred treatments and delays in the orthopedic healthcare system; however, if we assume a worst-case scenario where orthopedic care is less accessible, not getting good results for a condition is going to be a more damaging experience for the patient. Furthermore, the rapid pace of technology stimulating the ongoing advancement of orthopedic surgeries that now requires continual training and upskilling will only add to the stress on required talent in the profession. Addressing the skills gap in a proactive way and to create the necessary talent pool required in the orthopedic market will be critical to managing under continuing demands of global healing.

ORTHOPEDIC MARKET REGIONAL INSIGHTS

• NORTH AMERICA

North America, especially the United States Orthopedic Market, dominates the Orthopedic Market Share due to sophisticated healthcare systems, patient engagement, and adoption of technology. The region has many relevant players in the industry and research institutions to keep product development active. In the US, the growing prevalence of obesity and orthopedic conditions associated with aging (e.g. arthritis) has significantly increased the supply of replacements of joints as well as spinal procedures. Healthcare expenditure is also high, and there are many orthopedic centers across the US. Given that North America is a very mature and highly competitive market, the investment in robotic surgery and developing regenerative medicine continues to determine growth trends in the region.

• EUROPE

The orthopedic market in Europe is characterized by a mature healthcare system, an aging population, and active government support for medical innovation. Nations including Germany, France, and the United Kingdom will continue to be prominent drivers in demand, with significant investments in joint replacement surgery and trauma cases. European medical institutions are derived from historical concepts of minimally invasive surgical methods and systems which have encouraged do-it-at-home health and outpatient pathways. Also, the regulatory framework in some associations is built to promote the development of safe and effective orthopedic devices through innovation and regulation. Sustainability and cost reduction are huge premises in the region's mindset largely influencing decision making and purchasing behavior. The region is experiencing new technology at a rapid pace and given the demographic shifts that yield a growing number of orthopedic cases, Europe remains a key player in the orthopedic market.

• ASIA

The orthopedic industry in Asia is growing and appears to be moving ahead quite quickly. The population growth, increased investment into healthcare, and access to healthcare have a great deal to do with the orthopedic market growth. The increase of lifestyle orthopedic based problems as seen in China, India and Japan, combined with an increased awareness is leading the expansion. Urbanization and household income growth is resulting in greater demand for specialty orthopedic treatment options such as joint replacements or spinal surgery. Government support for healthcare legislative changes and healthcare infrastructure development across Asia is continually creating opportunities both locally and globally. Also, medical tourism in countries like Thailand and India is adding fuel to the fire.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market Through Innovation and Market Expansion"

Several of the leading orthopedic companies have growth strategies around innovation, collaborations, and opening new geographic markets. Large orthopedic companies such as Johnson & Johnson, Stryker Corporation and Zimmer Biomet are investigating robotic and smart implants in surgical procedures, focused on improving precision and accuracy. Other companies such as Medtronic and Smith and Nephew are applying these ideas using minimally invasive technologies to help speed up recovery times. Two other companies, Arthrex and Nuvasive, are also being focused, but only around teaching and training surgeons to apply the new surgical techniques and methods. Orthopedic companies are as much R&D companies as manufacturers. Most if not all orthopedic companies have new product line development and are continuing into new geographic markets. As orthopedic companies grow and expand, they can often grow production capabilities at incredible pace and potentially have the flexibility to react to global and emergent demand, while creating variety in consumer demand for their products.

LIST OF TOP ORTHOPEDIC MARKET COMPANIES

• Johnson & Johnson (U.S.)
• Stryker Corporation (U.S.)
• Zimmer Biomet (U.S.)
• Medtronic plc (Ireland)
• Smith & Nephew plc (U.K.)
• Arthrex (U.S.)
• NuVasive, Inc. (U.S.)
• Globus Medical (U.S.)
• Wright Medical Group N.V. (U.S.)
• Enovis Corporation (U.S.)

KEY INDUSTRY DEVELOPMENT

June 2025: ChoiceSpine™ formed a serious alliance with eCential Robotics as mentioned in a press release. As part of the collaboration, eCential will be launching a new surgical application utilizing the Op. n™ robotic navigation platform. The surgical application will make use of advanced pedicle screw systems, compatible with a modular, implant-agnostic robotic program. The program is designed to utilize advanced pedicle screw systems in minimally invasive or open surgery to create precision while trying to improve the efficiencies of spine surgery.  The alliance is indicative of the orthopedic industry's increasing efforts to provide customizable, technology driven approaches that can utilize multiple surgical systems for improved overall patient care experiences.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis considers both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth. The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.