The global orthopaedics market is poised for significant growth in the coming years, driven by a number of key factors. The aging population is a major driver, as the rising incidence of age-related conditions such as osteoarthritis, osteoporosis, and spinal disorders is leading to an increased demand for orthopaedic procedures. In addition, the growing prevalence of obesity is also contributing to the demand for orthopaedic care, as obesity can lead to joint pain and other musculoskeletal problems.

Technological advancements are also playing a major role in the growth of the orthopaedics market. The development of minimally invasive surgical (MIS) techniques is leading to shorter hospital stays, faster recovery times, and reduced costs. In addition, the use of robotics and computer-assisted surgery (CAS) is becoming increasingly common, as these technologies can help to improve the accuracy and precision of orthopaedic procedures.

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The global orthopaedics market is expected to grow significantly from US$ 36.3 billion in 2022 to US$ 48.1 billion by 2028, at a CAGR of 4.8%. The Asia Pacific region is expected to be the fastest-growing market, driven by factors such as the rising middle class, increasing disposable incomes, and growing awareness of orthopaedic care.

Key Takeaways:

• The global orthopaedics market is expected to grow at a healthy CAGR of 4.8% from 2022 to 2028.
• The rising geriatric population, increasing prevalence of obesity, and growing awareness of orthopaedic treatments are key drivers of market growth.
• Technological advancements are leading to the development of new and improved orthopaedic devices and procedures.
• The knee replacement segment is expected to be the largest segment of the market, followed by the hip replacement segment.
• The Asia Pacific region is expected to be the fastest-growing regional market.

The Key Players In The Global Orthopaedics Market Include:

• Johnson & Johnson
• Medtronic plc
• Stryker Corporation
• Zimmer Biomet Holdings, Inc.
• Smith & Nephew plc
• DePuy Synthes Companies of Johnson & Johnson
• Arthrex, Inc.
• DJO Global, Inc.
• Globus Medical, Inc.

The Key Segments Of The Orthopaedics Market Include:

• Joint replacement: Joint replacement is the most common type of orthopaedic procedure, and the demand for joint replacements is expected to grow significantly in the coming years.
• Arthroscopy: Arthroscopy is a minimally invasive surgical technique that is used to diagnose and treat a variety of musculoskeletal conditions.
• Spine surgery: Spine surgery is performed to treat a variety of conditions, such as herniated discs, spinal stenosis, and scoliosis.
• Sports medicine: Sports medicine is a branch of orthopaedics that deals with the prevention, diagnosis, and treatment of injuries and conditions related to sports and physical activity.
• Trauma: Trauma is a branch of orthopaedics that deals with the treatment of injuries caused by accidents, falls, and other forms of trauma.

Segmentation:

Product Type:

• Joint replacement devices (knee, hip, shoulder, etc.)
• Spinal implants
• Sports medicine devices
• Trauma fixation devices
• Others

Application:

• Joint reconstruction
• Spine surgery
• Sports medicine
• Trauma surgery
• Others

End User:

• Hospitals
• Ambulatory surgical centers
• Orthopaedic clinics
• Others

Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa