Discover Top 50 Companies in Orthopedic Devices Market: Global Share, Market Size, Revenue Report (2024-2035).

Description

According to a research report published by Spherical Insights & Consulting, The Global Orthopedic Devices Market Size is projected To Grow from USD 39.41 Billion in 2024 to USD 59.51 Billion by 2035, at a CAGR of 4.21 % during the forecast period 2025–2035. The orthopedic devices market will benefit from aging populations, increased sports injuries, robotic-assisted surgeries, and advancements in 3D printing, smart implants, and minimally invasive procedures, enhancing precision and patient recovery outcomes.

 

 

Introduction                                                             

The orthopedic devices market refers to medical tools and implants used to prevent, diagnose, and treat musculoskeletal disorders, injuries, or deformities affecting bones, joints, and ligaments. These devices include joint reconstruction implants, spinal devices, trauma fixation products, and arthroscopic tools. The market is growing due to an aging global population, rising incidences of osteoarthritis and osteoporosis, increased sports and trauma-related injuries, and technological advancements in surgical techniques. Demand is also being driven by growing awareness of early intervention and improved healthcare infrastructure in emerging economies. Minimally invasive procedures and customized implants are reshaping the future of orthopedic care.

 

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Orthopedic Devices Market Size & Statistics

• The Market Size for Orthopedic Devices Was Estimated To be Worth USD 39.41 Billion in 2024.
• The Market Size is Going to Expand at a CAGR of 4.21 % Between 2025 and 2035.
• The Global Orthopedic Devices Market Size is Anticipated to Reach USD 59.51 Billion by 2035.
• North America is expected to generate the highest demand during the forecast period in the Orthopedic Devices Market.
• Asia Pacific is expected to grow the fastest during the forecast period in the Orthopedic Devices Market.

 

 

Regional growth and demand                                     

Asia Pacific is expected to grow the fastest during the forecast period in the Orthopedic Devices market. China and India are predicted to have the world's greatest senior populations. As a result, demand from these nations is projected to increase dramatically shortly. Furthermore, the thriving medical tourism business, owing to the availability of modern healthcare treatments at cost-effective prices, is likely to draw more from the target patient demographic.

 

North America is expected to generate the highest demand during the forecast period in the Orthopedic Devices market. Due to the availability of well-developed healthcare infrastructure, industry titans, and reimbursement coverage, the regional market is likely to drive. The region's orthopedic surgery volume is being fueled by a constantly growing target patient population as a result of aging and increased vehicle accidents. The increasing frequency of orthopedic disorders, along with the adoption of sophisticated treatment technologies, will drive market expansion in the United States.

 

Top 5 Orthopedic Device Startups Impacting the Healthcare Sector

1. Manamed – Sequential Compression System

Deep vein thrombosis (DVT) is a common surgical complication that leads to the formation of blood clots in deep veins following orthopedic surgery. This condition contributes to long-term pain, swelling, and sores, and may even turn fatal in some cases. Medical device startups are working on solutions that forestall DVT development. Manamed is a US-based startup that provides orthopedic devices. The startup develops PlasmaFlow, a sequential compression system for use at home or in clinic settings. The portable, tubeless, and lightweight solution comes with a long-lasting rechargeable battery. The device stimulates blood flow in the extremities that prevents the onset of DVT in patients.

 

2. Loci Orthopaedics – Orthopedic Implants

Certain orthopedic conditions are difficult to treat because of the relatively smaller or complicated bones and other structures. An example is thumb base arthritis, a condition that causes persistent pain and renders daily tasks, such as using a phone, difficult for the patients. Startups & scaleups are working on implants that mimic the functioning of small joints to address the need for orthopedic patients. Irish startup Loci Orthopaedics develops medical devices to meet clinical needs in orthopedics. The startup’s InDx implant mimics the natural and complex motions of the thumb joint. It features two points of rotation that move together and independently of each other to enable the full range of natural thumb joint movements. The startup also builds OsteoAnchor, a 3D printed surface architecture that enhances the lifetime and stability of orthopedic implants.

 

3. Spentys – Patient-Specific Orthoses

Orthoses, also called orthotics, are medical devices that patients wear externally to support the musculoskeletal system. These need to fit the patient’s leg perfectly, however, custom-built orthotics take a long time, generally weeks, to manufacture. In response, startups are using advances in imaging technology and additive manufacturing to offer mass customization solutions that reduce both the time and cost it takes to produce orthoses. Spentys is a Belgian startup that offers orthopedic immobilization devices. The startup’s platform provides mass-customized, 3D printed devices for orthopedic patients and helps surgeons create patient-specific orthoses faster and at lower costs.

 

4. Miach Orthopaedics – Bioengineered Surgical Implants

Anterior cruciate ligament (ACL) tear is one of the most common types of sports injuries. Reconstruction surgeries for this condition require healing of the graft side and come with risks of an allograft in case the tissue comes from a donor. Moreover, most patients are at high risk of re-tears due to a difficult recovery. Startups are working on solutions that heal these tears on-site and improve recovery time. The US-based startup Miach Orthopaedics develops bioengineered surgical implants for connective tissue repair. The Bridge-Enhanced ACL Repair (BEAR) acts as a bridge that helps heal the torn ACL. The FDA-approved implant fits between the torn ends of the ACL and holds a small amount of the patient’s blood in the wound site.

 

5. Field Orthopaedics – Small Fractures

The treatment of small fractures is a complicated process due to the size limitations of surgical instruments. This can make it difficult for surgeons to precisely insert screws that facilitate the healing process. Startups and scaleups are working on new designs that overcome this challenge and improve the success of small fracture surgeries. Field Orthopaedics is an Australian startup that designs and manufactures orthopedic devices. The FO micro screw offers a fully cannulated system of 1.5 mm and 2 mm screws ranging in length from 6 mm to 22 mm. The design maximizes compression and usability for small fracture management. The startup also develops other kinds of screws and implants for different orthopedic procedures.

 

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Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the Orthopedic Devices market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.

 

Top 9 Companies Leading the Orthopedic Devices Market

1. Medtronic PLC
2. Stryker Corporation
3. Zimmer-Biomet Holdings, Inc.
4. DePuy Synthes
5. Smith and Nephew PLC
6. Aesculap Implant Systems, LLC
7. Conmed Corporation
8. Donjoy, Inc.
9. NuVasive, Inc.

 

1. Medtronic PLC

Headquarters: Dublin, Ireland

Medtronic PLC is a global healthcare solutions leader, renowned for its orthopedic and spinal devices. The company’s orthopedic division provides advanced solutions for spine surgery, biologics, and bone grafting. It focuses on minimally invasive procedures, aiming to improve patient outcomes and reduce recovery times. Medtronic continues to invest in innovation, leveraging robotics, navigation, and AI-driven technologies to enhance surgical precision. The company's global presence and continuous R&D make it a key player in transforming orthopedic care. With a strong commitment to clinical efficacy and technological advancement, Medtronic plays a vital role in advancing the future of musculoskeletal treatment worldwide.

 

2. Stryker Corporation

Headquarters: Kalamazoo, Michigan, USA

Stryker Corporation is a leading medical technology firm specializing in orthopedic implants, trauma systems, and joint replacement devices. The company’s orthopedic portfolio includes hip, knee, shoulder, and spine products designed to restore mobility and improve quality of life. Stryker is known for integrating robotics through its Mako system and for advancing surgical navigation and 3D printing technologies. With robust global distribution and strong clinical support, it maintains a dominant market position. The company consistently acquires innovative firms to expand its offerings, ensuring it remains at the forefront of orthopedic innovation and value-based care for hospitals and surgeons worldwide.

 

3. Zimmer-Biomet Holdings, Inc.

Headquarters: Warsaw, Indiana, USA

Zimmer-Biomet is a major player in orthopedic reconstruction and musculoskeletal healthcare. It manufactures a wide array of products including hip, knee, shoulder, and extremity implants, along with bone healing and surgical instruments. The company leverages data analytics, robotics, and digital health platforms to create personalized and efficient surgical workflows. With a patient-centric approach, Zimmer-Biomet is committed to improving mobility and enhancing quality of life. It maintains a strong international footprint and collaborates closely with healthcare professionals to innovate across orthopedic disciplines. Its integration of real-time data into surgical decision-making is revolutionizing joint replacement and post-operative care delivery.

 

4. DePuy Synthes (Johnson & Johnson MedTech)

Headquarters: Raynham, Massachusetts, USA

DePuy Synthes, a Johnson & Johnson company, provides comprehensive orthopedic solutions including joint reconstruction, trauma implants, spine systems, and sports medicine devices. It is known for pioneering technologies that enable minimally invasive procedures and advanced implant designs. DePuy Synthes combines cutting-edge biomaterials with digital surgery tools to optimize orthopedic interventions. With access to Johnson & Johnson’s global resources, the company invests heavily in R&D to meet evolving clinical needs. It partners with surgeons worldwide to develop innovative therapies aimed at improving outcomes for orthopedic patients. DePuy Synthes remains a key contributor to transforming musculoskeletal health with precision-engineered and patient-focused products.

 

5. Smith & Nephew PLC

Headquarters: London, United Kingdom

Smith & Nephew is a global medical technology company focused on orthopedic reconstruction, trauma, sports medicine, and extremities. Its product lineup includes implants for hip and knee replacements, arthroscopy systems, and biologics. The company emphasizes less invasive surgical techniques and is known for its NAVIO robotics-assisted surgery platform. Smith & Nephew is committed to sustainability, innovation, and clinical excellence, aiming to reduce hospital stays and improve recovery timelines. With operations in over 100 countries, the firm invests in education and training for surgeons, ensuring the safe and effective use of its advanced orthopedic technologies in operating rooms around the world.

 

Are you ready to discover more about the Orthopedic Devices market?

The report provides an in-depth analysis of the leading companies operating in the global Orthopedic Devices market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:

 

Company Profiles

1. Medtronic PLC.
   • Business Overview
   • Company Snapshot
   • Products Overview
   • Company Market Share Analysis
   • Company Coverage Portfolio
   • Financial Analysis
   • Recent Developments
   • Merger and Acquisitions
   • SWOT Analysis
2. Stryker Corporation
3. Zimmer-Biomet Holdings, Inc.
4. DePuy Synthes
5. Smith and Nephew PLC
6. Aesculap Implant Systems, LLC
7. Conmed Corporation
8. Donjoy, Inc.
9. NuVasive, Inc.

 

Conclusion

The orthopedic devices market is poised for substantial growth in the coming years, driven by an aging global population, increasing incidences of musculoskeletal disorders, and ongoing technological innovations. From smart implants and minimally invasive surgical techniques to AI-assisted procedures and patient-specific devices, the industry is rapidly evolving to meet rising clinical demands. Key regions like North America and Asia Pacific will play a significant role in shaping future market dynamics due to advanced healthcare infrastructure and growing patient populations. As leading companies and emerging startups continue to innovate, the orthopedic sector offers immense potential for investment, strategic partnerships, and enhanced patient outcomes.

 

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