Core data: global orthopedic implant medical device market size;

In 2024, the global orthopedic implant medical device industry market size will reach 48.6 billion US dollars

Orthopedic implant medical device is the human bone replacement, repair, supplement and fill a large category of implants collectively, for the maintenance, support and repair of human bones, is the current clinical use of orthopedic medical materials more common, generally belong to three types of medical devices. Orthopedic implants mainly include bone joint implants and joint implants, such as bone plates, bone screws, intramedullary nails, spinal fixation implants, artificial joints, etc. According to the use of different parts can be divided into trauma, spine, joint, sports medicine and other.

In 2023, the global orthopedic implant medical device industry market size reached 45.8 billion US dollars, with a five-year compound growth rate of 4.08%. According to preliminary estimates, the global orthopedic implant medical device industry market size will reach $48.6 billion in 2024.

Regional market

From the perspective of regional market structure, the United States, as the world's largest medical device market country, also has a strong industrial strength and competitive manufacturers in the orthopedic implant medical device industry, such as Medtronic, Johnson & Johnson. According to the data, in 2023, the North American market is the world's largest orthopedic implant medical device regional market, accounting for 40%.

Industrial competition

From the perspective of competitive pattern, the current global orthopedic implant medical device enterprises can be divided into three competitive echelons, the first echelon is mainly the global five giants, They include DePuy Synthes Johnson & Johnson Orthopedics, Zimmer Biomet, Stryker, Smith&Nephew Smith&Nephew, and Medtronic. The second tier is the leader in the field of segmentation, such as Mathys Swiss Mattes, WEGO Orthopedics and so on. The third tier consists of innovative enterprises in developed countries and high-growth enterprises in emerging countries.