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Global Orthopedic Device Market 2018-2022

Global Orthopedic Device Market 2018-2022

About Orthopedic Device

A large number of key orthopedic implants manufacturers are increasingly focusing on research and developmental activities, which has resulted in the introduction of innovative products and advancements in orthopedic devices. The recent major advancements involve the development of robotic-assisted smart surgery for the spine, knee, shoulder, and hip-related implants. Several specialists and surgeons are recommending the adoption of minimally invasive (MI) surgery since these surgeries are highly accurate, precise, and result in enhanced patient outputs.

Technavio’s analysts forecast the global orthopedic device market will register a revenue of more than USD 44 billion by 2022.

Covered in this report

The report covers the present scenario and the growth prospects of the global orthopedic device market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Orthopedic Device Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • DePuy Synthes
  • DJO Global
  • Medtronic
  • Strykar
  • Smith & Nephew
  • Zimmer Biomet
Other prominent vendors
  • 4WEB Medical
  • aap Implantate
  • Acumed
  • Advanced orthopaedics
  • Aesculap Implant Systems
  • AlloSource
  • Alphatec Spine
  • AMEDICA
  • Anika Therapeutics
  • Arthrex
  • Arthrosurface
  • Baxter
  • BBS-Bioactive Bone Substitutes
  • Barkeley Advanced Biomaterial
  • Bioretec
  • Bioventus
  • Bone therapeutics
  • camber Spine technologies
  • ConforMIS
  • CONMED
  • Corin
  • DGIMED Ortho
  • Emerge Medical
  • Exactech
  • Flower orthopedics, Graftys
  • Hip Innovation Technology
  • Integra LifeSciences
  • Intelligent Implant Systems
  • Internal Fixation Systems
  • ISTO Biologics
  • K2M
  • Keramat
  • LDR Holding
  • Medartis
  • MicroPort Scientific
  • Nextremity Solutions
  • NovaBone
  • NuTech Medical
  • NuVasive
  • Orthofix International
  • Orthogem
  • OsteoMed
  • Paragon 28
  • RTI Surgical
  • SHOULDER INNOVATIONS
  • Spinal Analytics & Geometrical Implant
  • Tyber Medical
  • Vilex
  • Virak Orthopedics
  • XTANT Medical
Market driver
  • Continuous advancements in technology
  • For a full, detailed list, view our report
Market challenge
  • Rising product recalls
  • For a full, detailed list, view our report
Market trend
  • M&A deals
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2022 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Orthopedic Device Market 2018-2022

Technavio recognizes the following companies as the key players in the global orthopedic device market: DePuy Synthes, DJO Global, Medtronic, Strykar, Smith & Nephew, and Zimmer Biomet.

Other Prominent Vendors in the market are: 4WEB Medical, aap Implantate, Acumed, Advanced orthopedics, Aesculap Implant Systems, AlloSource, Alphatec Spine, AMEDICA, Anika Therapeutics, Arthrex, Arthrosurface, Baxter, BBS-Bioactive Bone Substitutes, Barkeley Advanced Biomaterial, Bioretec, bioventus, Bone therapeutics, camber Spine technologies, ConforMIS, CONMED, Corin, DGIMED Ortho, Emerge Medical, Exactech, Flower orthopedics, Graftys, Hip Innovation Technology, Integra LifeSciences, Intelligent Implant Systems, Internal Fixation Systems, ISTO Biologics, K2M, Keramat, LDR Holding, Medartis, MicroPort Scientific, Nextremity Solutions, NovaBone, NuTech Medical, NuVasive, Orthofix International, orthogem, OsteoMed, Paragon 28, RTI Surgical, SHOULDER INNOVATIONS, Spinal Analytics & Geometrical Implant, Tyber Medical, Vilex, Virak Orthopedics, and XTANT Medical.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is M&A deals. Although key players such as DePuy Synthes, Zimmer Biomet, Strykar, Smith & Nephew, and Medtronic are having a significant presence in the market, thry are facing tough competition from other emerging players and affecting the organic growth of these companies. Owing to these reasons players such asDePuy Synthes, Strykar, and Zimmer Biomet are changing their market strategies and focused on M&As to increase their presence in the market.”

According to the report, one driver in the market is continuous advancements in technology. Orthopedic devices have been witnessing a drastic advancement in past three decades through product innovation. The rapid advancement in technology was due to the extensive R&D activities led by the key manufacturers and thereby contributing largely toward the market growth. The key advancement witnessed recently are robotic-assisted smart surgery for hip, knee, shoulder, and spine-related implants. Apart from these, surgeons emphasis more on MIS owing to the high accuracy, precision, and better patient outcomes. The MIS for orthopedic implants has reduced the total cost and minimized the time for recovery.

Further, the report states that one challenge in the market is rising product recalls. Orthopedic devices are susceptible to manufacturing errors. Regulatory agencies evaluate all medical devices for potential risk by conducting health hazard evaluation. With respect to this, many orthopedic devices and implants have been recalled from the market due to their risk factor. Between 2002 and 2013, consumer’s union reported 578 recalls alone from six key global key players of the global orthopedic devices market. The biggest recall was reported by the Stryker with 231 recalls and followed by DuPuy Synthes with 150 recalls. By the time the adversities of the recall were noticed, tens of thousands of people have already received the problematic devices.

Companies Mentioned

DePuy Synthes, DJO Global, Medtronic, Strykar, Smith & Nephew, Zimmer Biomet, 4WEB Medical, aap Implantate, Acumed, Advanced orthopedics, Aesculap Implant Systems, AlloSource, Alphatec Spine, AMEDICA, Anika Therapeutics, Arthrex, Arthrosurface, Baxter, BBS-Bioactive Bone Substitutes, Barkeley Advanced Biomaterial, Bioretec, bioventus, Bone therapeutics, camber Spine technologies, ConforMIS, CONMED, Corin, DGIMED Ortho, Emerge Medical, Exactech, Flower orthopedics, Graftys, Hip Innovation Technology, Integra LifeSciences, Intelligent Implant Systems, Internal Fixation Systems, ISTO Biologics, K2M, Keramat, LDR Holding, Medartis, MicroPort Scientific, Nextremity Solutions, NovaBone, NuTech Medical, NuVasive, Orthofix International, orthogem, OsteoMed, Paragon 28, RTI Surgical, SHOULDER INNOVATIONS, Spinal Analytics & Geometrical Implant, Tyber Medical, Vilex, Virak Orthopedics, and XTANT Medical.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
  • Market landscape
    • Market ecosystem
      • Table Parent market
      • Table Global medical devices market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition: Inclusions and exclusions checklist
    • Market sizing
      • Table Global orthopedic devices market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast
      • Table Global orthopedic devices market 2017-2022 ($ billions)
      • Table Global orthopedic devices market: Year-over-year growth 2018-2022 (%)
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition: Five forces 2017
  • Market segmentation by application
    • Segmentation by application
      • Table Global orthopedic devices market share by application 2017-2022 (%)
    • Comparison by application
      • Table Comparison by application
    • Global spine devices market
      • Table Global spine devices market 2017-2022 ($ billions)
      • Table Ranking of vendors in global spine market 2017
      • Table Global spine devices market: Year-over-year growth 2018-2022 (%)
    • Global knee devices market
      • Table Ranking of key vendors in global knee devices market 2017
      • Table Global knee devices market 2017-2022 ($ billions)
      • Table Global knee devices market: Year-over-year growth 2018-2022 (%)
      • Table Segmentation of global knee orthopedic devices market share 2017 (%)
    • Global extremities devices market
      • Table Ranking of key vendors in global extremities devices market 2017
      • Table Global extremities devices market 2017-2022 ($ billions)
      • Table Global extremities devices market: Year-over-year growth 2018-2022 (%)
      • Table Segmentation of global extremities market 2017 (%)
    • Global hip devices market
      • Table Ranking of key vendors in global hip devices market 2017
      • Table Global hip devices market 2017-2022 ($ billions)
      • Table Global hip devices market: Year-over-year growth 2018-2022 (%)
      • Table Global hip devices market segmentation 2017 (%)
    • Global CMF devices market
      • Table Ranking of key vendors in global CMF devices market 2017
      • Table Global CMF devices market 2017-2022 ($ billions)
      • Table Global CMF devices market: Year-over-year growth 2018-2022 (%)
      • Table Global CMF devices market segmentation 2017 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Market segmentation by product
    • Segmentation by product
      • Table Global orthopedic devices market share by product 2017-2022 (%)
    • Comparison by product
      • Table Comparison by product
    • Global orthopedic implants and support devices market
      • Table Global orthopedic implants and support devices market 2017-2022 ($ billions)
      • Table Global orthopedic implants and support devices market: Year-over-year growth 2018-2022 (%)
    • Global orthobiologics market
      • Table Global orthobiologics market 2017-2022 ($ billions)
      • Table Global orthobiologics market: Year-over-year growth 2018-2022 (%)
    • Market opportunity by product
      • Table Market opportunity by product
  • Customer landscape
    • Table Customer landscape
  • Market segmentation by end-users
    • Segmentation by end-users
      • Table Global orthopedic devices market by end-users 2017
    • Hospitals
    • ASCs
    • Specialty orthopedic centers
  • Regional landscape
    • Geographical segmentation
      • Table Global orthopedic devices market share by geography 2017-2022 (%)
    • Regional comparison
      • Table Regional comparison
    • Orthopedic devices market in Americas
      • Table Orthopedic devices market in Americas 2017-2022 ($ billions)
      • Table Orthopedic devices market in Americas: Year-over-year growth 2018-2022 (%)
      • Table Top three countries in Americas
    • Orthopedic devices market in EMEA
      • Table Orthopedic devices market in EMEA 2017-2022 ($ billions)
      • Table Orthopedic devices market in EMEA: Year-over-year growth 2018-2022 (%)
      • Table Top three countries in EMEA
    • Orthopedic devices market in APAC
      • Table Orthopedic devices market in APAC 2017-2022 ($ billions)
      • Table Orthopedic devices market in APAC: Year-over-year growth 2018-2022 (%)
      • Table Top three countries in APAC
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Product recalls 2015-2017
  • Market trends
    • M&A deals
      • Table Major M&A deals during 2016–2017
    • New product launches coupled with R&D activities
      • Table New product launches 2015-2017
    • Emergence of patient-specific customized implants
    • Emerging computer-aided surgery and 3D printing of orthopedic implants
    • Biodegradable orthopedic implants will drive the future growth of market
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
    • Other prominent vendors
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • DePuy Synthes
      • Table DePuy Synthes: Overview
      • Table DePuy Synthes: Business areas
      • Table DePuy Synthes: Organizational developments
      • Table DePuy Synthes: Geographic focus
      • Table DePuy Synthes: Segment focus
      • Table DePuy Synthes: Key offerings
      • Table DePuy Synthes: Key customers
    • DJO Global
      • Table DJO Global: Overview
      • Table DJO Global: Business segments
      • Table DJO Global: Organizational developments
      • Table DJO Global: Geographic focus
      • Table DJO Global: Segment focus
      • Table DJO Global: Key offerings
      • Table DJO Global: Key customers
    • Medtronic
      • Table Medtronic: Overview
      • Table Medtronic: Business segments
      • Table Medtronic: Organizational developments
      • Table Medtronic: Geographic focus
      • Table Medtronic: Segment focus
      • Table Medtronic: Key offerings
      • Table Medtronic: Key customers
    • Stryker
      • Table Stryker overview
      • Table Stryker: Business segments
      • Table Stryker: Organizational developments
      • Table Stryker: Geographic focus
      • Table Stryker: Segment focus
      • Table Stryker: Key offerings
      • Table Stryker: Key customers
    • Smith & Nephew
      • Table Smith & Nephew: Overview
      • Table Smith & Nephew: Business segments
      • Table Smith & Nephew: Organizational developments
      • Table Smith & Nephew: Geographic focus
      • Table Smith & Nephew: Segment focus
      • Table Smith & Nephew: Key offerings
      • Table Smith & Nephew: Key customers
    • Zimmer Biomet
      • Table Zimmer Biomet: Overview
      • Table Zimmer Biomet: Product categories
      • Table Zimmer Biomet: Organizational developments
      • Table Zimmer Biomet: Geographic focus
      • Table Zimmer Biomet: Segment focus
      • Table Zimmer Biomet: Key offerings
      • Table Zimmer Biomet: Key customers
  • Appendix
    • List of abbreviations
  • Explore Technavio

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