Orthopaedic Market

2021-2030 Analysis and Review Orthopaedic Market

Orthopaedic Market

Global Orthopaedic Market By Procedure (Arthroscopy, Joint reconstruction, Soft Tissue Replacement, Spinal Surgery Procedure), By Orthobiologics (Bone Graft, Osteoinduction, Osteoconduction, Others), By Trauma (Lower Extremity Trauma, Upper Extremity Trauma, Pain relief) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021 – 2030

21-10-2021 REP-HC-139293 112 pages Format

Global orthopedic market is anticipated to grow at a CAGR of about 7% during the forecast period year 2021-2030. Rising cases of musculoskeletal disorders and the increasing geriatric population are promoting strong growth in the market. Increasing research investment in biomedical engineering and 3D healthcare printing are resulting in new product launches into the market. The market growth for the forecast period is driven by increasing demand for minimally invasive surgery techniques, aging population, increasing healthcare spending, new innovations in implant technology, increasing incidence of musculoskeletal (MSK) conditions, and favorable regulatory policies.

Orthopaedic Market

Increasing Prevalence of Orthopedic Disorders

Total incidence of MSK disorder throughout the world is increasing exponentially (10% per annum since 2012). MSK disorders account for over 21% of the total years lived with disability (YLD) across the globe as compared second only to mental disorders (23%). It is amongst the fourth greatest healthcare burden to world’s population (third greatest burden among developing and transitional economies). According to a global epidemiological study published in Bio Med Central Journal, lower back pain (affecting more than 1.7 billion people) accounts for the highest, years lived with disability globally followed by neck pain. Approximately 12 million new cases of MSK disorders occur every year across the globe. in the US, alone an average 3 million new case of MSK disorders comes up every year.

Joint Reconstruction Procedure to Dominate While Immense Opportunities Indicated in Soft Tissue Replacement Procedure

The orthopedic market by the procedure is segmented as arthroscopic procedure, joint reconstruction procedure, soft tissue replacement procedure, and spinal surgery procedures. The orthopedic market by the procedure is dominated by joint reconstruction procedures. Moreover, the soft tissue replacement market is anticipated to be the fastest-growing market with a CAGR of about 7.3% over the forecast period. The number of incidences of MSK disorder is higher amongst adults aged 45 years and above. 

North America Dominates, while APAC is The Fastest Growing Market

The geographical analysis of the orthopedic market concludes that North America remains to be the dominant market in the year 2020. North America alone accounted for the largest market share of 43.45% and is anticipated to continue being a dominant market for the forecasted period. The growth of the regional market is aided by increasing research expenditure, sound healthcare infrastructure, a high-income disposable population, and a large pool of orthopedic device manufacturers. Asia Pacific is the fastest growing market with a CAGR of 7% for the forecasted period 2022-2030. The regional market growth is credited to the rise in the geriatric population, the increasing prevalence of MSK disorders, and increasing healthcare expenditure. in 2020, the total geriatric population in India reached over a 131million increasing from 120 million in 2015. 

Historical &Forecast Period

This research report presents the analysis of each segment from 2020 to 2030 considering 2021 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2030.

Report Methodology

Market revenues and CAGR were derived from primary and secondary research. Both quantitative and qualitative trends were considered for the extrapolation of market revenues. The derived market estimates were further validated from top-down, bottom strategies and primary research. The scope of the market is limited to the following segments of product categories and regions.

By Procedure (2020-2030; US$ Mn)

  • Arthroscopy    
  • Joint reconstruction
    • Hip
    • Knee         
    • Ligament Reconstruction Market
  • Soft Tissue Replacement       
  • Spinal Surgery Procedure
    • Computer Assisted Surgery         
    • Kyphoplasty          
    • Fusion & Non-fusion Procedure

By Orthobiologics (2020-2030; US$ Mn)

  • Bone Graft
  • Osteoinduction           
  • Osteoconduction        
  • Others

By Trauma(2020-2030; US$ Mn)

  • Lower Extremity Trauma       
  • Upper Extremity Trauma       
  • Pain relief

By Region (2020-2030; US$ Mn)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Africa

Global Impact of Covid-19 Segment (2020-2021; US$ Mn)

  • Pre Covid-19 situation
  • Post Covid-19 situation

Key questions answered in this report

  • What are the key market segments in the current scenario and in the future by product categories?
  • What are the key market segments in the current scenario and in the future by region?
  • What is the key impact of Covid-19 over market revenues and market determinants in the global orthopedic market?
  • What are the primary and secondary macro and micro factors influencing the market growth currently and during the forecast period?
  • What are the primary and secondary macro and micro factors deterring the market growth currently and during the forecast period?
  • How to overcome the current market challenges and leverage the opportunities in each of the market segments?
  • Who are the key players in the operational predictive maintenance market and what are their key product categories and strategies?
  • What are the key strategies – mergers/acquisitions/R&D/strategic partnerships etc. that companies are deploying to enhance market revenues and growth?

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