Towards Healthcare
Orthopedic Devices Market Grows USD 96.45 Billion by 2034

Orthopedic Devices Market Strategic Pathways and Growth Forecast

Market insights predict, the orthopedic devices industry is expected to grow from USD 63.06 billion in 2024 to USD 96.45 billion by 2034, driven by a CAGR of 4.34%. The rising prevalence of orthopedic disorders and advancements in medical devices are the major growth factors of the market. Favorable regulatory policies and increasing investments lead to North America’s dominance.

Category: Medical Devices Insight Code: 5721 Format: PDF / PPT / Excel

The global orthopedic devices market size is calculated at USD 63.06 billion in 2024, grew to USD 65.8 billion in 2025, and is projected to reach around USD 96.45 billion by 2034. The market is expanding at a CAGR of 4.34% between 2025 and 2034.

The orthopedic devices market is mainly driven by the rising prevalence of orthopedic disorders. Several government organizations launch initiatives to encourage people to prevent, diagnose, and treat orthopedic disorders at an early stage. The development of innovative orthopedic devices, owing to advances in medical technologies and manufacturing techniques, presents future growth opportunities for the market. The use of single-use medical devices is in high demand. Advancements in orthopedic care are made to lead to shorter recovery times and better clinical outcomes.

Orthopedic Devices Market Size 2024 - 2034

Key Takeaways

  • Orthopedic devices industry poised to reach USD 63.06 billion in 2024.
  • Forecasted to grow to USD 96.45 billion by 2034.
  • Expected to maintain a CAGR of 4.34% from 2025 to 2034.
  • North America held the largest revenue share of the orthopedic devices market share by 47% in 2024.
  • Asia-Pacific is observed to be the fastest-growing region during the forecast period.
  • By product, the joint replacement/orthopedic implants segment dominated the global market in 2024.
  • By product, the orthobiologics segment is expected to grow at the fastest CAGR in the market in the coming years.
  • By end-use, the hospitals segment registered its dominance over the global market in 2024.
  • By end-use, the outpatient facilities segment is expected to witness significant CAGR in the market over the forecast period.

Key Metrics and Overview

Metric Details
Market Size in 2025 USD 65.8 Billion
Projected Market Size in 2034 USD 96.45 Billion
CAGR (2025 - 2034) 4.34%
Leading Region North America share by 47%
Market Segmentation By Product, By End-Use, By Region
Top Key Players Alphatec Scientific, DePuy Synthes, Fusion Orthopedics USA LLC, Group FH ORTHO, Johnson & Johnson, Madison Ortho, Medtronic, Miraclus Orthotech, Stryker Corporation, UPM Biomedicals, Zimmer Biomet 

Orthopedic Devices Market: Healing Bones

Orthopedic devices are medical devices used to treat or prevent orthopedic disorders, including trauma, congenital conditions, and degenerative diseases. Orthopedic disorders mainly affect bones, tendons, muscles, ligaments, joints, and nerves. They support or replace muscles or bones and aid in the rehabilitation process post-surgery. Some common examples of orthopedic devices include orthopedic implants, surgical instruments, casting materials, and bone graft delivery devices. These devices enable people to lead a normal life without anyone’s support.

Numerous factors influence market growth, including the rising prevalence of orthopedic disorders and the growing demand for personalized treatment. The rapidly expanding medical device sector and increasing investments from government and private organizations drive the market. Technological advancements drive the latest innovations in orthopedic devices. The growing shift towards a healthy lifestyle also encourages people to use orthopedic devices and become independent.

  • The World Health Organization (WHO)’s Rehabilitation 2030 initiative focuses on increasing access to rehabilitation globally and highlights the importance of strengthening rehabilitation in health systems. The initiative also supports countries to respond to existing rehab needs for people with musculoskeletal disorders. (Source - WHO)
  • In January 2025, the Indian Institute of Technology (IIT), Guwahati, announced a partnership with Miraclus Orthotech to revolutionize research in orthopedic implants and equipment. The four key areas of focus will be research and development, product testing and validation, skill development, and intellectual property creation. (Source - Shiksha)
  • In December 2024, OSSIO, Inc. announced that it raised $27.6 million in equity funding to expand its product pipeline, sales channel, and medical education, and build a manufacturing site in the U.S. The company develops OSSIOfiber implants for post-surgical care. (Source - Businesswire)

How Can AI Revolutionize the Orthopedic Devices Market?

Integrating artificial intelligence (AI) can revolutionize orthopedic devices by introducing automation and enhancing efficiency. AI-enabled implants can monitor a patient’s conditions and detect abnormalities, providing real-time insights to healthcare professionals. This enables them to make proactive decisions and provide tailored treatment. AI-built sensors can detect changes in strain, temperature, pressure, alignment, and biochemical conditions within the implant’s environment. Moreover, AI can also revolutionize the manufacturing of orthopedic devices through the use of robots. Robots can automate the manufacturing process of orthopedic devices, reducing human intervention and ensuring high precision and consistency.

Market Dynamics

Driver

Rising Prevalence of Orthopedic Disorders

The major growth factor of the orthopedic devices market is the rising prevalence of orthopedic disorders. They are a major concern among individuals of all ages. The most common types of these disorders are arthritis, osteoarthritis, rheumatoid arthritis, bursitis, and elbow pain. From a recent survey report, it was found that osteoarthritis affects 7.6% of the global population, and is projected to rise by 60-100% by 2050. Osteoarthritis is the seventh-leading cause of disability globally, majorly impacting knee joints. (Source - Science Direct). The increasing geriatric population is at high risk for developing orthopedic disorders. The global population aged 80 years and above is estimated to reach 265 million, and that of 65 years and above would be 2.2 billion by late 2070s. (Source - United Nation)

Restraint

Biocompatibility Issues

The biomaterials used for developing orthopedic devices are not necessarily biocompatible with humans. This may cause major allergic reactions, such as hypersensitivity reactions, lipid uptake, calcification, and matching tissue biomechanics. Biocompatibility is essential for ensuring the long-term success of the prosthesis and minimizing complications such as inflammation and rejection.

Opportunity

What is the Future of the Orthopedic Devices Market?

The future of the market is promising, driven by the use of advanced manufacturing technology, such as 3D printing. 3D printing, or additive manufacturing, offers numerous benefits compared to conventional manufacturing. It aids in developing tailored orthopedic devices based on patients’ conditions. Researchers can design novel devices and avoid bulk manufacturing, thereby reducing wastage. The use of biocompatible materials helps to reduce adverse effects. Polymers, such as polyether ether ketone (PEEK) and polycarbonate resins, are widely used as they are highly compatible. Thus, the increasing adoption of 3D printing has shown promise in enhancing patient outcomes and surgical efficiency.

Segmental Insights

Which Product Segment Dominated the Orthopedic Devices Market?

By product, the joint replacement/orthopedic implants segment held a dominant presence in the market in 2024. The segmental growth is attributed to the increasing number of orthopedic surgeries and joint replacement procedures. Knee replacements accounted for the highest number of joint replacements, due to the rising prevalence of arthritis and the growing geriatric population. The increasing use of smart implants and the use of 3D printing technology for designing and developing boost the segment’s growth. The growing demand for minimally invasive surgeries also promotes the use of orthopedic implants, enabling faster recovery times for patients.

By product, the orthobiologics segment is expected to grow at the fastest CAGR in the market during the forecast period. Biological materials are widely preferred in orthopedic devices due to higher compatibility and reduced adverse effects. The rising demand for stem cell therapy, blood components, and growth factors augments the segment’s growth. Orthobiologics promote healing and tissue regeneration, improving joint function. They are used to treat a wide range of orthopedic injuries, both acute and chronic, and degenerative conditions without surgery.

Why Did the Hospitals Segment Dominate the Orthopedic Devices Market?

By end-use, the hospitals segment dominated the market in 2024. The availability of suitable capital investment and favorable infrastructure fosters the segment’s growth. This enables healthcare organizations or hospitals to adopt cutting-edge technologies. Patients mostly prefer hospitals for advanced orthopedic care due to the presence of skilled professionals and cutting-edge technologies. Skilled professionals can monitor a patient post-surgery. Patients also benefit from favorable reimbursement policies from hospitals, making it a suitable choice. The increasing number of acute orthopedic injuries leads to rising hospital admissions.

By end-use, the outpatient facilities segment is expected to grow with the highest CAGR in the market during the studied years. Outpatient facilities include ambulatory surgical centers (ASCs) and specialized clinics. These facilities provide state-of-the-art care without admitting a patient. The increasing number of ASCs and specialized clinics promotes the segment’s growth. These facilities have specialized equipment and skilled professionals. Patients prefer ASCs as they provide treatment for any musculoskeletal disorders and provide high-quality care, enabling patients to recover in the comfort of their homes.

Regional Analysis

orthopedic-devices-market-share-by-region

Which Factors Govern the Orthopedic Devices Market in North America?

North America held a major revenue share of the market share by 47% in 2024. Favorable regulatory policies and the rising adoption of advanced technologies are the major factors that govern market growth in North America. Government organizations support early diagnosis and treatment of orthopedic disorders. The increasing number of orthopedic surgeries and the presence of key players contribute to market growth. Moreover, the increasing collaborations and mergers, and acquisitions facilitate the development of novel and innovative orthopedic devices. The availability of state-of-the-art research and development facilities propels market growth.

U.S. Market Trends

The American Joint Replacement Registry (AJRR) surpassed 4 million hip and knee arthroplasty procedures as of October 2024. About 3.7 million of these procedures were performed between 2012 and 2023. (Source - AAOS) California has the highest number of active orthopedic surgeons, accounting for 2,870, followed by Texas and New York with 1,924 and 1,700, respectively. The U.S. accounted for the highest export of orthopedic appliances, accounting for $14.6 billion in 2023. (Source - OEC)

Canada Market Trends

The Canadian Orthopedic Association is an association of orthopedic surgeons in Canada, aiming to maintain the highest standards of orthopedic care for Canadian patients. The Canadian government is making constant efforts to ensure the safety, effectiveness, and quality of medical devices. In February 2025, Contura Orthopedics announced the launch of Contura Orthopedics (Canada) Ltd. to supply Health Canada-approved Arthrosamid for patients with knee pain caused by osteoarthritis. (Source - PR Newswire)

Favorable Government Support Promotes Asia-Pacific

Asia-Pacific is expected to grow at the fastest CAGR in the orthopedic devices market during the forecast period. The rapidly expanding medical device sector and the increasing geriatric population augment market growth. The increasing number of medical device startups and favorable government support propel the market. Numerous people are becoming aware of the early diagnosis and treatment of orthopedic disorders. The growing demand for home healthcare leads to an increased need for rehabilitation.

China Market Trends

The Chinese government’s “Made in China” policy encourages manufacturers to indigenously produce medical devices in China. The “Made in China 2025” policy focuses on medtech, intending to achieve 70% of domestic production of mid-to-high-end devices by 2025 and 95% by 2030. (Source - Fortuneindia) Moreover, the Chinese government also provides incentives to encourage the adoption of advanced medical equipment in Chinese hospitals.

India Market Trends

Nearly 50 million patients are estimated to suffer from knee osteoarthritis in India. The Indian government announced a Rs 500 crore MedTech programme to assist local producers of medical equipment in resuming production and enhance the export of medical devices. The current export of medical devices from India stands at US$ 3.7 billion, making it the fourth-largest market in Asia. (Source - Manufacturingtodayindia)

Favorable Trade Policies to Drive Europe

Europe is expected to grow at a considerable CAGR in the orthopedic devices market in the upcoming period. The increasing prevalence of orthopedic disorders and favorable trade policies foster the market. Switzerland and Ireland were the top 3 exporters of orthopedic devices in 2023. The presence of a robust healthcare infrastructure and growing research and development activities support the development and deployment of orthopedic devices in healthcare organizations. The rising investments by the government and private organizations also drive the market. The growing geriatric population and the presence of key players contribute to market growth.

Switzerland Market Trends

Switzerland accounted for the second-highest export of orthopedic appliances in the world in 2023. It exported orthopedic appliances worth $7.92 billion. The major importers were the U.S., the Netherlands, and Germany. (Source - OEC) According to the Federal Statistical Office, in 2023, approximately 1.73 million people aged 65 years and above were living in Switzerland, a 2.3% increase from 2023. (Source - Swissinfo)

Ireland Market Trends

Ireland exported orthopedic appliances worth $7.61 billion in 2023, making it the third-largest exporter in the world. (Source - OEC) The geriatric population aged 65 years and above grew by more than 40% between 2013 and 2023, from 569,000 to 806,000. (Source - CSO)The Irish medical technology sector generates sales of around €6 billion annually. (Source - Healthtechireland)

Top Companies in the Orthopedic Devices Market

Orthopedic Devices Market Companies

Latest Announcement by Industry Leaders

Johana Kuncová-Kallio, Director of UPM Biomedicals, commented that they are the first company to develop plant-based nanocellulose for use in medical devices, enabling minimally invasive procedures. FibGel can provide safe, sustainable, and animal-free material in an injectable hydrogel form. The company aims to initiate clinical trials in 2025 and collaborate with more companies interested in developing new solutions in the areas of soft tissue repair, joint and disk repair, wound care, drug delivery, and cell therapy. (Source - Azom)

Recent Developments in the Orthopedic Devices Market

  • In January 2025, Fusion Orthopedics USA LLC announced the launch of Metalogix Eternal Fixation Systems, new generation systems, for long bone fractures, limb lengthening, and bone correction. The technology features innovative designs engineered for strength and comfort. (Source - Businesswire)
  • In January 2025, Group FH ORTHO announced the launch of JARVIS, a new round baseplate for reverse shoulder prostheses in the U.S. The system was made to reverse glenoid indications through its innovative features. It includes options for compression and locking screws and compatibility with both standard and eccentric glenospheres. (Source  Globenewswire)

Segments Covered in the Report

By Product

  • Joint Replacement/Orthopedic Implants
    • Lower Extremity Implants
      • Knee Implants
      • Hip Implants
      • Foot & Ankle Implants
    • Spinal Implants
    • Dental
      • Dental Implants
      • Craniomaxillofacial Implants
    • Upper Extremity Implants
      • Elbow Implants
      • Hand & Wrist Implants
      • Shoulder Implants
  • Orthobiologics
    • Viscosupplementation
    • Demineralized Bone Matrix
    • Synthetic Bone Substitutes
    • Bone Morphogenetic Protein (BMP)
    • Stem Cell Therapy
    • Allograft
  • Trauma
    • Implants
    • Accessories (Plates, Screws, Nails, Pins, Wires)
    • Instruments
  • Sports Medicine
    • Body Reconstruction & Repair
    • Accessories
    • Body Monitoring & Evaluation
    • Body Support & Recovery
  • Others

By End-Use

  • Hospitals
  • Outpatient Facilities

By Region

  • North America
    • U.S.
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Thailand
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Sweden
    • Denmark
    • Norway
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East and Africa (MEA)
    • South Africa
    • UAE
    • Saudi Arabia
    • Kuwait
  • Last Updated: 13 June 2025
  • Report Covered: [Revenue + Volume]
  • Historical Year: 2021-2023
  • Base Year: 2024
  • Estimated Years: 2025-2034

Meet the Team

Shivani Zoting is a dedicated research analyst specializing in the healthcare industry. With a strong academic foundation, a B.Sc. in Biotechnology and an MBA in Pharmabiotechnology, she brings a unique blend of scientific understanding and strategy.

Learn more about Shivani Zoting

Aditi Shivarkar, with over 14 years of experience in consumer goods, leads research at Towards Consumer Goods, ensuring precise, actionable insights on trends, consumer preferences, and sustainable packaging for businesses.

Learn more about Aditi Shivarkar

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FAQ's

The orthopedic devices market is projected to reach USD 96.45 billion by 2034, growing at a CAGR of 4.34% from 2025 to 2034.

North America is leading the orthopedic devices market due to favorable regulatory policies and the increasing number of orthopedic surgeries.

The orthopedic devices market includes 3 segments including by product, by end-use, and by region.

Some key players include Madison Ortho, Medtronic, and Stryker Corporation.

Key trends include the rising prevalence of orthopedic disorders, the rapidly expanding medical device sector, and the increasing number of orthopedic surgeries.

Orthopedic devices are preferred to treat or prevent musculoskeletal conditions and support rehabilitation.

Biological materials, such as differentiated tissues, multi-potential cells, and signaling peptides, as well as synthetic materials, such as metals, ceramics, and polymers, are widely used materials for orthopedic devices.

United Nations, World Health Organization, The Observatory of Economic Complexity, Central Statistics Office