Orthopedic Care Market Size, Share, Opportunities, And Trends By Product Type (Orthopedic Implants, Orthopedic Devices And Instruments, Orthopedic Braces And Supports, Orthopedic Accessories), By Procedure Type (Joint Replacement Surgery, Spinal Surgery, Trauma And Fracture Fixation, Arthroscopy, Orthobiologics, Others), By End-User (Hospitals And Clinics, Ambulatory Surgical Centers, Orthopedic Specialty Centers, Others), And By Geography - Forecasts From 2023 To 2028

The orthopedic care market is estimated to grow at a CAGR of 3.49% during the forecast period.

The orthopedic care market is an important segment of the healthcare sector that focuses on the diagnosis, treatment, and management of musculoskeletal illnesses and injuries. This market includes a wide variety of orthopaedic medical devices, equipment, and services, such as joint replacement, fracture repair, arthroscopy, and spinal surgery. As the world population ages and sports-related injuries increase, so does the demand for orthopaedic treatment. Medical technology advancements and minimally invasive surgical approaches have fueled market expansion even further. The emphasis on improving patient outcomes, shortening recovery time, and increasing quality of life drives innovation in the orthopedic care market, transforming it into a vital force in modern healthcare.

Aging Population and Increasing Musculoskeletal Disorders Enhances the Orthopedic Care Market Growth

The orthopedic care market is being driven by two key growth factors: an ageing population and an increase in musculoskeletal disorders. The senior population is rapidly expanding as global life expectancy rises. The number of persons over 60 is anticipated to treble by 2050, according to the World Health Organisation. This demographic transition is associated with an increase in the prevalence of musculoskeletal ailments such as osteoarthritis, osteoporosis, and degenerative disc disease. According to the Centres for Disease Control and Prevention (CDC), approximately 32 million Americans suffer from osteoarthritis, resulting in a rise in demand for orthopedic care. As the geriatric population grows, so will the need for joint replacements, orthopaedic therapies, and innovative medical equipment, propelling market expansion.

Technological Advancements in Orthopaedic Devices and Implants in Orthopedic Care Market

Technological advances in orthopaedic devices and implants are propelling the orthopedic care market. Continuous medical technology innovation has resulted in the creation of complex and advanced orthopaedic devices, which improve patient outcomes and quality of life. more example, robotic-assisted surgery has gained popularity, allowing more accurate and minimally invasive operations. Robotic-assisted knee replacements resulted in improved implant placing compared to conventional procedures, according to research published in the Journal of Orthopaedic Surgery and Research. Furthermore, 3D printing and biocompatible materials have transformed customised implants and personalised therapies. These innovations have improved the efficacy and durability of orthopaedic devices, resulting in market growth and patient satisfaction.

Rising Prevalence of Sports Injuries and Trauma Cases Boosts the Orthopedic Care Market Size

The growing number of sports injuries and trauma cases has a substantial influence on the orthopedic care market. Sports-related injuries and trauma are on the rise as people participate in more sports and leisure activities. According to the American Academy of Orthopaedic Surgeons, 8.6 million sports injuries occur in the United States alone each year. These injuries frequently entail fractures, ligament tears, and joint dislocations, resulting in an increased need for orthopaedic treatment and surgical procedures. The increased recognition of the necessity of timely and effective treatment for sports injuries has prompted the use of improved orthopaedic devices and minimally invasive treatments, which has contributed to market expansion.

North America is the Market Leader in the Orthopedic Care Market

North America is regarded as the market leader in the orthopedic care market. Several reasons contribute to this region's importance. For starters, an ageing population and an increase in lifestyle-related injuries boost the demand for orthopaedic therapy. Second, North America has sophisticated healthcare infrastructure and extensive research and development efforts, which promote the adoption of novel orthopaedic technology and treatments. Furthermore, the region's leadership in the orthopedic care market is supported by a well-established healthcare system, favourable payment rules, and an increasing emphasis on improving patient outcomes.

Surge in Orthopaedic Surgeries and Joint Replacements in Orthopedic Care Market.

The worldwide orthopedic care market is seeing an increase in Orthopaedic Surgeries and Joint Replacements. In 2020, approximately 1.8 million hip and knee replacements were done in the United States, according to the American Joint Replacement Registry. The ageing population and rising frequency of musculoskeletal problems are driving the need for joint replacement procedures. Furthermore, advances in surgical procedures, such as minimally invasive treatments, have improved patient outcomes and lowered recovery periods, raising demand for orthopaedic surgeries even further. The increase in joint replacements reflects the increasing relevance of orthopaedic treatment in managing mobility difficulties and improving patients' quality of life.

Key Developments:

• In February 2022, Stryker reported a conclusive consolidation consent to obtain all of Vocera Interchanges, Inc's. gave and exceptional normal stock for $79.25 per share, for a complete value worth of roughly $2.97 billion and an all-out big business worth of roughly $3.09 billion (counting convertible notes). Vocera, sent off in 2000, has arisen as a market chief in the computerized care coordination and correspondence space. The importance of this extending portion has developed during the pandemic since it endeavours to lighten carer mental over-burden and empower them to give the most ideal patient consideration.
• In July 2023, The worldwide medical technology company Smith+Nephew has announced the introduction of their REGENETEN Bioinductive Implant in India. The REGENETEN embed has affected the manner in which specialists approach rotator sleeve medical procedures, with more than 100,000 methods led universally since its beginning.

Company Products:

• Orthopaedic Instruments: B. Braun Melsungen AG provides a comprehensive variety of orthopaedic surgical equipment for joint replacement and other orthopaedic operations.
• Orthobiologics: Smith & Nephew creates Orthobiologics solutions, such as biologics and tissue repair products, to improve recovery in orthopaedic surgeries.
• Joint Replacement Implants: Stryker offers a wide selection of joint replacement implants for hips, knees, shoulders, and ankles to patients suffering from arthritis or joint degeneration.
• Trauma Products: Trauma fixation devices and implants are available from Zimmer Biomet for the treatment of fractures and other traumatic injuries, giving stability and support during the healing process.
• Wound Management: Smith & Nephew offers orthopaedic wound care products such as dressings and negative pressure wound treatment devices.

Key Segment:

• By Product Type
  • Orthopedic Implants
  • Orthopedic Devices And Instruments
  • Orthopedic Braces And Supports
  • Orthopedic Accessories      
• By Procedure Type
  • Joint Replacement Surgery
  • Spinal Surgery
  • Trauma And Fracture Fixation
  • Arthroscopy
  • Orthobiologics
  • Others  
• By End-User
  • Hospitals And Clinics
  • Ambulatory Surgical Centers
  • Orthopedic Specialty Centers
  • Others  
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Spain   
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Others