Orthopedic Devices Industry Statistics

In this post, we will explore key statistics and insights regarding the orthopedic devices industry. From market forecasts and revenue shares to regional trends and company performances, these data points offer a comprehensive look at the current landscape and future growth potential of this dynamic sector.

Statistic 1

"The orthopedic devices industry is forecasted to reach USD 47.51 billion by 2020."

Statistic 2

"The Asia-Pacific orthopedic devices market is expected to grow at a 7.7% CAGR from 2020 to 2027."

Statistic 3

"The global market for orthopedic devices will grow at a compound annual growth rate (CAGR) of 3% from 2020 to 2027."

Statistic 4

"The spine orthopedic devices segment accounted for the largest revenue share of over 25% in 2019."

Statistic 5

"In 2018, Europe held the second largest market in the orthopedics devices market."

Statistic 6

"The orthopedic implants segment was valued at USD 34,008 million in 2017."

Statistic 7

"The global orthopedic devices market is expected to grow by USD 16.3 billion from 2020 to 2024."

Statistic 8

"In 2017, Zimmer Biomet Holdings generated net sales of about USD 7.82 billion from its orthopedic products."

Statistic 9

"Metal orthopedic devices comprise about 50% of the orthopedic devices market."

Statistic 10

"The Latin America Orthopedic Devices Market is expected to grow at a CAGR of 5.6% till 2023."

Statistic 11

"The orthobiologics segment is projected to grow at the highest CAGR of 5.4% from 2020 to 2027."

Statistic 12

"The North America orthopedic devices market was valued at USD 17,881.97 million in 2020."

Statistic 13

"The Middle East and Africa Orthopedic Devices market was around USD 2.35 billion in 2018."

Statistic 14

"Soft Tissue Attachments are projected to reach the value of USD 9.84 billion by 2027."

Statistic 15

"The top 10 orthopedic device companies are commanding nearly 60% of the global market."

Statistic 16

"The global orthopedic prosthetics market size was worth USD 3.0 Billion in 2021."

Statistic 17

"The U.S. represented over 90% of the North America orthopedic devices market in 2020."

In conclusion, the orthopedic devices industry is poised for significant growth in the coming years, with various regions and segments showing promising statistics. The market is forecasted to reach impressive figures such as USD 47.51 billion by 2020, with strong CAGRs predicted for key markets like Asia-Pacific and Latin America. Notably, spine orthopedic devices and metal devices dominate the industry, and orthobiologics are projected to experience substantial growth. The presence of major players like Zimmer Biomet Holdings and the concentration of market share among the top 10 companies highlight the competitive landscape of the industry. With a robust market outlook and evolving trends in orthopedic technology, the future looks bright for this sector.