GITNUX MARKETDATA REPORT 2024

Orthopedic Industry Statistics

The orthopedic industry is expected to experience steady growth driven by increasing demand for joint replacement surgeries and advancements in medical technology.

Statistic 1

"The Asia-Pacific region is expected to witness the highest growth rate in the orthopedic market at a CAGR of 4.0%."

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Statistic 2

"Orthopedic bracing and support systems commanded a market share of approximately 20% in 2020."

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Statistic 3

"Hip and knee replacements make up approximately 50% of the total orthopedic procedures conducted."

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Statistic 4

"Global orthopedic industry market size was valued at approximately $53.44 billion in 2020."

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Statistic 5

"Zimmer Biomet was one of the leading companies in the orthopedic devices market with over 12% share in 2020."

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Statistic 6

"The average annual salary for orthopedic surgeons in the U.S. is around $482,000."

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Statistic 7

"In 2020, minimally invasive surgeries accounted for 25% of the orthopedic procedures performed."

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Statistic 8

"By the end of 2021, it is estimated that about 4 million joint replacement surgeries were performed globally."

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Statistic 9

"The orthopedic industry is expected to grow at a CAGR of 3.1% from 2021 to 2028."

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Statistic 10

"3D printing in orthopedic implants is expected to grow at a CAGR of 15.2% from 2021 to 2028."

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Statistic 11

"As of 2021, orthobiologics represented 15% of the global orthopedic market."

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Statistic 12

"Sports-related injuries account for about 20% of all fractures seen in orthopedic clinics annually."

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Statistic 13

"The U.S. held the largest market share in the orthopedic devices industry at 45% in 2020."

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Statistic 14

"The average cost for a total knee replacement in the U.S. is approximately $30,000."

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Statistic 15

"Over 80% of orthopedic surgeons are leveraging digital technology for preoperative planning and intraoperative guidance."

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Statistic 16

"Pediatric orthopedic market segment is anticipated to grow at a CAGR of 5.5% from 2021 to 2028."

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Statistic 17

"In 2020, trauma devices held the largest market share, accounting for over 29% of the revenue."

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Statistic 18

"In 2020, orthopedic implant market for spinal procedures was valued approximately at $12 billion."

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Statistic 19

"Robotics and computer-assisted orthopedic surgery are estimated to grow at a CAGR of 7.8% from 2021-2028."

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Statistic 20

"By 2028, the global orthopedic devices market is projected to reach $61.02 billion."

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