Lucintel Forecasts The Global Orthopedic Device Market To Reach $79 Billion By 2030

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According to the recent study the global Orthopedic Device Market is projected to reach an estimated $79 billion by 2030 from $63 billion in 2023 at a CAGR of 3% from 2023 to 2030. Growth in this market is primarily driven by increasing aging population, increasing adoption of advancements in medical technologies, and growing healthcare expenditure and awareness.
A more than 150-page report to understand trends, opportunities and forecast in orthopedic device market by device type (orthopedic reconstruction (hip, knee, shoulder, and others), spinal devices, trauma fixation devices, craniomaxillofacial devices, dental implants, soft tissue repair, braces and accessories, Orthbiologics, and others) and region (North America, Europe, Asia Pacific (APAC), and the Rest of the World (ROW).
“Trauma fixation device market is expected to remain the largest segment during the forecast period.”
Based on device type, the orthopedic device market is segmented into orthopedic reconstruction (hip, knee, shoulder, and others), spinal devices, trauma fixation devices, craniomaxillofacial devices, dental implants, soft ...
... tissue repair, braces and accessories, Orthbiologics, and others. Lucintel forecasts that the trauma fixation device market is expected to remain the largest segment due to increasing geriatric population, the rising prevalence of osteoporosis and osteoarthritis, and the increasing incidence of road accidents.
“Asia pacific will dominate the orthopedic device market in near future.”
APAC is expected to witness the highest growth rate over the forecast period due to increasing road accidents, advancement in treatment technologies, and increasing awareness of healthcare options.
Download sample by clicking on Orthopedic Device Market.
DePuy Synthes, Zimmer Biomet Holding Inc., Stryker Corporation, Smith and Nephew PLC, Medtronic are the major supplier in the orthopedic device market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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