Orthopedic Devices - Company Evaluation Report, 2024 (Abridged Report)
Description
The Orthopedic Devices Companies Quadrant is a comprehensive industry analysis that provides valuable insights into the global market for Orthopedic Devices. This quadrant offers a detailed evaluation of key market players, technological advancements, product innovations, and emerging trends shaping the industry. MarketsandMarkets 360 Quadrants evaluated over 130 companies, of which the Top 14 Orthopedic Devices Companies were categorized and recognized as quadrant leaders.
The orthopedic devices market is experiencing steady growth driven by the rising prevalence of orthopedic conditions, an aging global population, and the increasing preference for minimally invasive surgical techniques. Innovations such as orthobiologics, robotic-assisted surgeries, and 3D printing are creating new growth opportunities for industry players. However, a shortage of skilled orthopedic surgeons may hinder the market’s full potential over the forecast period.
This growth is fueled by the increasing prevalence of orthopedic disorders, sports injuries, and trauma cases, along with technological advancements in joint implants. Knee replacement devices led to this segment, supported by the rising number of knee injuries and the growing burden of knee osteoarthritis (OA).
The 360 Quadrant maps the Orthopedic Devices companies based on criteria such as revenue, geographic presence, growth strategies, investments, and sales strategies for the market presence of the Orthopedic Devices quadrant. The top criteria for product footprint evaluation included By Product (Orthopedic Replacement Devices, Spinal Implants & Surgical Devices, Orthopedic Fixation Devices, Arthroscopy Instruments, Orthopedic Braces & Supports, Orthopedic Prosthetics, Bone Graft Substitutes, Orthobiologics), By Procedure (Volume)(joint replacement surgery procedural volume, by site, arthroscopy PROCEDURal volume, BY site), By Site (Hand & Wrist, Spine, Foot & Ankle, Arm & Elbow, Knee & Thigh, Hip & Pelvis, Shoulder, Craniomaxillofacial), By Application (Fracture Treatment & Recovery, Spinal fusion, Fixation, and Decompression, Rheumatoid Arthritis & Osteoarthritis, Ligament Injuries, Diabetic Foot Diseases, Neurological Disorders), and By End User (Hospitals & Surgical Centers, Ambulatory Care Centers & Trauma Units, Orthopedic Clinics, Home Care Settings, Other End Users).
Key Players
Key players in the Orthopedic Devices market include major global corporations and specialized innovators such as Stryker (US), Zimmer Biomet (US), Johnson & Johnson MedTech (US), Smith+Nephew (UK), Globus Medical (US), Medacta International SA (Switzerland), Arthrex, Inc. (US), B. Braun Melsungen AG (Germany), Acumed LLC (US), Enovis (US), Paragon 28, Inc. (US), Orthofix Medical Inc. (US), CONMED Corporation (US) and Meril Life Sciences Pvt. Ltd. (India). These companies are actively investing in research and development, forming strategic partnerships, and engaging in collaborative initiatives to drive innovation, expand their global footprint, and maintain a competitive edge in this rapidly evolving market.
Top 3 Companies
Stryker
Stryker is a global leader in medical technology, specializing in the design, manufacture, and distribution of devices for joint replacement, surgical navigation, endoscopy, patient handling, and neurosurgical, neurovascular, and spinal devices. The company operates through two key divisions: MedSurg & Neurotechnology and Orthopaedics & Spine.
Zimmer Biomet
Zimmer Biomet is a global medical device company specializing in the development and distribution of orthopedic and surgical products. Its portfolio includes orthopedic reconstructive implants, sports medicine and biologics, extremities and trauma devices, spine and craniomaxillofacial products, thoracic solutions, and dental implants. The company operates through four core segments: Knees, Hips, S.E.T. (Sports Medicine, Extremities, Trauma), and Others. Knees, Hips, and S.E.T. are its primary orthopedic implant divisions, while the S.E.T. segment also includes biologics and CMFT products.
Johnson & Johnson MedTech
Johnson & Johnson MedTech is a key global player in the orthopedic devices market. The company is involved in research, development, manufacturing, and marketing of a wide range of orthopedic and medical technologies. The business is structured into two core segments: Innovative Medicine and MedTech. Orthopedic products are offered primarily through its DePuy Synthes subsidiary, formed after the merger of DePuy and Synthes in 2011.
The orthopedic devices market is experiencing steady growth driven by the rising prevalence of orthopedic conditions, an aging global population, and the increasing preference for minimally invasive surgical techniques. Innovations such as orthobiologics, robotic-assisted surgeries, and 3D printing are creating new growth opportunities for industry players. However, a shortage of skilled orthopedic surgeons may hinder the market’s full potential over the forecast period.
This growth is fueled by the increasing prevalence of orthopedic disorders, sports injuries, and trauma cases, along with technological advancements in joint implants. Knee replacement devices led to this segment, supported by the rising number of knee injuries and the growing burden of knee osteoarthritis (OA).
The 360 Quadrant maps the Orthopedic Devices companies based on criteria such as revenue, geographic presence, growth strategies, investments, and sales strategies for the market presence of the Orthopedic Devices quadrant. The top criteria for product footprint evaluation included By Product (Orthopedic Replacement Devices, Spinal Implants & Surgical Devices, Orthopedic Fixation Devices, Arthroscopy Instruments, Orthopedic Braces & Supports, Orthopedic Prosthetics, Bone Graft Substitutes, Orthobiologics), By Procedure (Volume)(joint replacement surgery procedural volume, by site, arthroscopy PROCEDURal volume, BY site), By Site (Hand & Wrist, Spine, Foot & Ankle, Arm & Elbow, Knee & Thigh, Hip & Pelvis, Shoulder, Craniomaxillofacial), By Application (Fracture Treatment & Recovery, Spinal fusion, Fixation, and Decompression, Rheumatoid Arthritis & Osteoarthritis, Ligament Injuries, Diabetic Foot Diseases, Neurological Disorders), and By End User (Hospitals & Surgical Centers, Ambulatory Care Centers & Trauma Units, Orthopedic Clinics, Home Care Settings, Other End Users).
Key Players
Key players in the Orthopedic Devices market include major global corporations and specialized innovators such as Stryker (US), Zimmer Biomet (US), Johnson & Johnson MedTech (US), Smith+Nephew (UK), Globus Medical (US), Medacta International SA (Switzerland), Arthrex, Inc. (US), B. Braun Melsungen AG (Germany), Acumed LLC (US), Enovis (US), Paragon 28, Inc. (US), Orthofix Medical Inc. (US), CONMED Corporation (US) and Meril Life Sciences Pvt. Ltd. (India). These companies are actively investing in research and development, forming strategic partnerships, and engaging in collaborative initiatives to drive innovation, expand their global footprint, and maintain a competitive edge in this rapidly evolving market.
Top 3 Companies
Stryker
Stryker is a global leader in medical technology, specializing in the design, manufacture, and distribution of devices for joint replacement, surgical navigation, endoscopy, patient handling, and neurosurgical, neurovascular, and spinal devices. The company operates through two key divisions: MedSurg & Neurotechnology and Orthopaedics & Spine.
Zimmer Biomet
Zimmer Biomet is a global medical device company specializing in the development and distribution of orthopedic and surgical products. Its portfolio includes orthopedic reconstructive implants, sports medicine and biologics, extremities and trauma devices, spine and craniomaxillofacial products, thoracic solutions, and dental implants. The company operates through four core segments: Knees, Hips, S.E.T. (Sports Medicine, Extremities, Trauma), and Others. Knees, Hips, and S.E.T. are its primary orthopedic implant divisions, while the S.E.T. segment also includes biologics and CMFT products.
Johnson & Johnson MedTech
Johnson & Johnson MedTech is a key global player in the orthopedic devices market. The company is involved in research, development, manufacturing, and marketing of a wide range of orthopedic and medical technologies. The business is structured into two core segments: Innovative Medicine and MedTech. Orthopedic products are offered primarily through its DePuy Synthes subsidiary, formed after the merger of DePuy and Synthes in 2011.
Table of Contents
169 Pages
- 1 Introduction
- 1.1 Study Objectives
- 1.2 Inclusions And Exclusions
- 1.3 Stakeholders
- 2 Executive Summary
- 3 Market Overview
- 3.1 Introduction
- 3.2 Market Dynamics
- 3.2.1 Drivers
- 3.2.1.1 Rising Cases Of Orthopedic Diseases And Disorders
- 3.2.1.2 Increasing Adoption Of Telemedicine And Telesurgery
- 3.2.1.3 Increasing Demand For Minimally Invasive Orthopedic
- Surgical Procedures
- 3.2.1.4 Growing Number Of Sports And Accident-related Orthopedic Injuries
- 3.2.1.5 Rising Geriatric Population And Projected Increase In Age-
- Related Bone Disorders
- 3.2.2 Restraints
- 3.2.2.1 Risks And Complications Associated With Orthopedic Surgical Procedures
- 3.2.2.2 High Cost Of Orthopedic Devices And Treatments
- 3.2.3 Opportunities
- 3.2.3.1 Growing Focus On Orthobiologics
- 3.2.3.2 Rising Number Of Hospitals And Shift Toward Outpatient Care
- 3.2.3.3 Increasing Use Of Robotics And 3d Printing In Orthopedics
- 3.2.4 Challenges
- 3.2.4.1 Dearth Of Orthopedic Surgeons
- 3.3 Ecosystem Analysis
- 3.4 Supply Chain Analysis
- 3.4.1 Manufacturers
- 3.4.1.1 Prominent Companies
- 3.4.1.2 Small And Medium-sized Enterprises
- 3.4.2 End Users
- 3.5 Value Chain Analysis
- 3.5.1 Research And Development
- 3.5.2 Procurement And Product Development
- 3.5.3 Marketing, Sales And Distribution, And Post-sales Services
- 3.6 Technology Analysis
- 3.6.1 Key Technologies
- 3.6.1.1 Robotic-assisted Technology
- 3.6.2 Complementary Technologies
- 3.6.2.1 Imaging Systems And Software
- 3.6.2.2 Fluoroscopy
- 3.6.3 Adjacent Technologies
- 3.6.3.1 Ai And Machine Learning
- 3.7 Key Conferences And Events In 2025–2026
- 3.8 Patent Analysis
- 3.9 Trends/Disruptions Impacting Customers’ Businesses
- 3.10 Porter’s Five Forces Analysis
- 3.10.1 Overview
- 3.10.2 Threat Of New Entrants
- 3.10.3 Threat Of Substitutes
- 3.10.4 Bargaining Power Of Suppliers
- 3.10.5 Bargaining Power Of Buyers
- 3.10.6 Intensity Of Competitive Rivalry
- 3.11 Impact Of Ai On Orthopedic Devices Market
- 3.12 Advanced Prosthetics
- 3.13 Smart Implants
- 4 Competitive Landscape
- 4.1 Overview
- 4.2 Key Player Strategies/Right To Win (2024)
- 4.2.1 Overview Of Strategies Deployed By Key Companies
- 4.3 Revenue Analysis, 2019−2023
- 4.4 Market Share Analysis, 2023
- 4.4.1 Ranking Of Key Market Players
- 4.5 Company Evaluation Matrix: Key Players, 2023
- 4.5.1 Stars
- 4.5.2 Emerging Leaders
- 4.5.3 Pervasive Players
- 4.5.4 Participants
- 4.5.5 Company Footprint: Key Players, 2023
- 4.5.5.1 Company Footprint
- 4.5.5.2 Region Footprint
- 4.5.5.3 Product Footprint
- 4.5.5.4 Application Footprint
- 4.5.5.5 Site Footprint
- 4.5.5.6 End-user Footprint
- 4.6 Company Evaluation Matrix: Startups/Smes, 2023
- 4.6.1 Progressive Companies
- 4.6.2 Responsive Companies
- 4.6.3 Dynamic Companies
- 4.6.4 Starting Blocks
- 4.6.5 Competitive Benchmarking: Startups/Smes, 2023
- 4.6.5.1 Detailed List Of Key Startups/Smes
- 4.6.5.2 Competitive Benchmarking Of Key Startups/Smes
- 4.7 Company Valuation & Financial Metrics
- 4.7.1 Company Valuation
- 4.7.2 Financial Metrics
- 4.8 Brand/Product Comparison
- 4.9 Competitive Scenario
- 4.9.1 Product Launches & Approvals
- 4.9.2 Deals
- 5 Company Profiles
- 5.1 Key Players
- 5.1.1 Zimmer Biomet
- 5.1.1.1 Business Overview
- 5.1.1.2 Products Offered
- 5.1.1.3 Recent Developments
- 5.1.1.3.1 Product Approvals
- 5.1.1.3.2 Deals
- 5.1.1.4 Mnm View
- 5.1.1.4.1 Key Strengths
- 5.1.1.4.2 Strategic Choices
- 5.1.1.4.3 Weaknesses And Competitive Threats
- 5.1.2 Stryker
- 5.1.2.1 Business Overview
- 5.1.2.2 Products Offered
- 5.1.2.3 Recent Developments
- 5.1.2.3.1 Product Launches
- 5.1.2.3.2 Deals
- 5.1.2.3.3 Expansions
- 5.1.2.4 Mnm View
- 5.1.2.4.1 Key Strengths
- 5.1.2.4.2 Strategic Choices
- 5.1.2.4.3 Weaknesses And Competitive Threats
- 5.1.3 Johnson & Johnson Medtech
- 5.1.3.1 Business Overview
- 5.1.3.2 Products Offered
- 5.1.3.3 Recent Developments
- 5.1.3.3.1 Product Launches & Approvals
- 5.1.3.3.2 Deals
- 5.1.3.4 Mnm View
- 5.1.3.4.1 Key Strengths
- 5.1.3.4.2 Strategic Choices
- 5.1.3.4.3 Weaknesses And Competitive Threats
- 5.1.4 Smith+Nephew
- 5.1.4.1 Business Overview
- 5.1.4.2 Products Offered
- 5.1.4.3 Recent Developments
- 5.1.4.3.1 Product Launches & Approvals
- 5.1.4.3.2 Deals
- 5.1.4.3.3 Expansions
- 5.1.4.4 Mnm View
- 5.1.4.4.1 Key Strengths
- 5.1.4.4.2 Strategic Choices
- 5.1.4.4.3 Weaknesses And Competitive Threats
- 5.1.5 B. Braun Melsungen Ag
- 5.1.5.1 Business Overview
- 5.1.5.2 Products Offered
- 5.1.5.3 Recent Developments
- 5.1.5.3.1 Deals
- 5.1.5.4 Mnm View
- 5.1.5.4.1 Key Strengths
- 5.1.5.4.2 Strategic Choices
- 5.1.5.4.3 Weaknesses And Competitive Threats
- 5.1.6 Globus Medical
- 5.1.6.1 Business Overview
- 5.1.6.2 Products Offered
- 5.1.6.3 Recent Developments
- 5.1.6.3.1 Product Launches & Approvals
- 5.1.6.3.2 Deals
- 5.1.7 Arthrex, Inc.
- 5.1.7.1 Business Overview
- 5.1.7.2 Products Offered
- 5.1.7.3 Recent Developments
- 5.1.7.3.1 Product Approvals
- 5.1.8 Enovis
- 5.1.8.1 Business Overview
- 5.1.8.2 Products Offered
- 5.1.8.3 Recent Developments
- 5.1.8.3.1 Product Launches & Approvals
- 5.1.8.3.2 Deals
- 5.1.8.3.3 Expansions
- 5.1.9 Acumed Llc
- 5.1.9.1 Business Overview
- 5.1.9.2 Products Offered
- 5.1.9.3 Recent Developments
- 5.1.9.3.1 Product Launches
- 5.1.9.3.2 Deals
- 5.1.9.3.3 Expansions
- 5.1.10 Orthofix Medical Inc.
- 5.1.10.1 Business Overview
- 5.1.10.2 Products Offered
- 5.1.10.3 Recent Developments
- 5.1.10.3.1 Product Launches & Approvals
- 5.1.10.3.2 Deals
- 5.1.11 Microport Scientific Corporation
- 5.1.11.1 Business Overview
- 5.1.11.2 Products Offered
- 5.1.11.3 Recent Developments
- 5.1.11.3.1 Product Launches & Approvals
- 5.1.11.3.2 Deals
- 5.1.12 Conmed Corporation
- 5.1.12.1 Business Overview
- 5.1.12.2 Products Offered
- 5.1.12.3 Recent Developments
- 5.1.12.3.1 Deals
- 5.1.13 Paragon 28, Inc.
- 5.1.13.1 Business Overview
- 5.1.13.2 Products Offered
- 5.1.13.3 Recent Developments
- 5.1.13.3.1 Product Launches & Approvals
- 5.1.13.3.2 Deals
- 5.1.14 Medacta International
- 5.1.14.1 Business Overview
- 5.1.14.2 Products Offered
- 5.1.14.3 Recent Developments
- 5.1.14.3.1 Product Launches & Approvals
- 5.1.14.3.2 Deals
- 5.1.14.3.3 Expansions
- 5.1.15 Meril Life Sciences Pvt. Ltd.
- 5.1.15.1 Business Overview
- 5.1.15.2 Products Offered
- 5.1.15.3 Recent Developments
- 5.1.15.3.1 Expansions
- 5.1.16 Maxx Orthopedics, Inc.
- 5.1.16.1 Business Overview
- 5.1.16.2 Products Offered
- 5.1.16.3 Recent Developments
- 5.1.16.3.1 Product Approvals
- 5.1.16.3.2 Deals
- 5.2 Other Players
- 5.2.1 Fh Ortho
- 5.2.2 Symbios Orthopédie S.A.
- 5.2.3 Madison Ortho
- 5.2.4 Green Surgicals Pvt. Ltd.
- 5.2.5 Siora Surgical Pvt. Ltd.
- 5.2.6 Orthopediatrics Corp.
- 5.2.7 Restor3d
- 5.2.8 Double Medical Technology Inc.
- 5.2.9 Treace Medical Concepts, Inc.
- 5.2.10 Ak Medical
- 6 Appendix
- 6.1 Research Methodology
- 6.1.1 Research Data
- 6.1.2 Research Design
- 6.1.2.1 Secondary Research
- 6.1.2.2 Primary Research
- 6.1.3 Research Assumptions & Limitations
- 6.1.4 Risk Assessment
- 6.2 Company Evaluation Matrix: Methodology
- 6.3 Author Details
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